The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-29

sell and Hannah r. PurseiI, his wife. by
their certain deed OF trust, made ana exc
cuted by them on the sixteenth day OF
May, 1891. TO Ford G.. Barclay and John
William Young, then delivered and duiy
recorded in the RECORDERS Office in the ne
County of Salt Lake and Territory OF
pages 575-6, did grant, bargain. convey
and confirm to the said Ford G. Barclay
and John William Young, who are the
parties of the second part in said deed.
certain property, situate in the County of
salt Lake and Territory of Utah known
and described as follows. to-wit: The
$50. plat d. Salt Lake City survey;
which said conveyance was in trust 10
secure the payment of a certain promis-
sorry note in words and figures following,
to-wit-
S1,000.o0.
Salt Lake City Utah, 18th May. 1891
Two years after date we promise to pay
70 The Pacific Investment Company or
bearer. One Thousand and nol100 Dollars,
with interest at one per cent. per month
from Date until paid. value received IN
tereSt payable Quarter-annually. Pay
able at the Office of The Pacific Invest
ment Company, Salt Lake City, Utah.
Due May l6. 1898.
HANNAH r. PURSELL.
And whereas, BY endorsement of the
said note after the maturity thereof, pay
ment of said note was extended TO De-
eember 1st, 1898, and the interest thereon
reduced TO 10 per cent. per annum from
May Is, 1898, subject, however, to the
terms and conditions of said deed or
trust. And whereas, 1t was provided IN
| said deed of trust among other things,
But should default be made in the pay
ment OF said note or OF the interest that
may accrue thereon, or any part thereof
as the same becomes due and payable, or
IN case of the breach of any of the cove
nantS herein contained, then this deed
shall remain in force. and the said par
ties OF the second part or either OF them,
or the survivor OF them, or IN the event
CT the death of both OF them, or absence
from Salt Lake City, or refusal 10 act, or
other disqualification for the performance
of the duties of this trust, then at the
request of the holder of said note, the
Treasurer of The Pacific Investment Com
pany (WhO shall thereup0n become the
successor of said trustees and Of the sur
Vlvor of them to the title TO said prop
erty, and the same become vested in him
these presents with all the powers, duties
and obligations thereof, may proceed 10
sell said described property or any part
thereof at public vendue: to the highest
bidder for cash. And whereas, the SAID
promissory note, together with all inter-
est thereon, from August IS, 1898, at the
rate OF ten per cent. per annum until this
date remains wholly due and unpaid. And
whereas. further. said Ford G. Barclay
and John William Young are now absent
from the City of Salt Lake and Territory
of Utah, and thereby unable to perform
or discharge said trust; and the under
signed, John w. Donnellan. is now the
Treasurer of The Pacific Investment Com
pany, and by the terms and conditions of
said deed of trust has become the success
sor of said trustees so absent from the
City of Salt Lake and so disqualified to
act as such trustees, and as such success
sor has become fully vested with all the
powers, duties and obligations of said
trustees. Now therefore, l, the under
signed. John W. Donnellan, trustee as
aforesaid at the request of the payee,
owner and holder of said note. and by
virtue of the authority gwen me in said
deed OF trust, and in accordance with the
provisions of said deed, will. on Thurs
day, the eighteenth day of April 1895, be-
tween the hours of twelve o'clock m. and
three o'clock D. m. of that day at the
south front door of the Court House (the
City and County of Salt Lake. Territory
of Utah, proceed TO sell and sell the
above described real estate at public auc-
ton to the highest bidder for cash in
hand, in order to pay said note and inter-
est and the costs of this trust, or 50 much
thereof as 1T may pay: and upon such
sale being made, being thereunto duly au-
thorized by said deed, shall make, exc
cute and deliver TO the purchaser or pur-
chasers of said property a good and suf-
ficient deed or deeds, conveying all the
Hannah r. PurseIl his wife, or either of
them had in and to the aforesaid real es-
tate on the sixteenth day of May. 1891
and which I have and hold therein as
trustee aforesaid.
JOHN W. DONNELLAN,
Trustee under the provisions of said
trust.
MARSHALL AND RoYLE, Attorneys.
Salt Lake City, Utah, March q, 1895.