The evening herald. (Klamath Falls, Or.) 1906-1942, 1912-03-02
Notice Of Sale OF Mortgngcd Property

Notice of Sale Of Mortgngcd Property
Notice Is hereby given that Ladi
md Tilton bank. a corporation. or
faniycd aud existing under and BY
virtue OF the laws OF the State OF Ore
gon. and William X. Davis. to satisfy
their respective Interests In q certain
.tl ortgage hereinafter dssig-
mated. will sell and convey. for cash.
on the 9Th day Of March. 1919. At
o'clock y. m. OF said day. In the city
OF Klamath Falls. and the portion OF
said city commonly called Shipping
ton. on Upper Klamath Lake. at the
dock or wharf OF the vessel known
asthe steamer klamath. In klamath
county. Oregon. that certain steam
boat or vessel. called the Klamath"
OF the burden of 60 gross tons or
thereabouts. together with the boilers.
engines. masts. bowsprits. boats. anch-
ors. cables. chains. rigging tackle. up
parel. furniture and all other neces-
saries thereunto appur,sining and be-
longing, the property OF the klamath
Lake Navigation company. n corpora
tion. Incorporated and existing Under
and by virtue OF the laws OF the State
OF Oregon.
Said sale is made under and py vir.
tue OF the terms OF certain mort
gage made and executed by the said
Klamath Lake Navigation company.
on the a7th day OF November. 1908.
In favor OF said Ladd and Tilton bank
and William r. Davis. to secure the
payment OF one certain promissory
note, executed by the said klamath
Lake Navigation company, n corpora
tion. dated at klamath Falls. Oregon.
November ~. 1905. for the sum Of
Ss.l00.o0 due In one year after date.
without grace payable to the order of
said Ladd and Tilton bank. q corpor.
alton. at Ladd and Tii,on bank. Port
land. Oregon. with interest at the rate
OF s per cent per annum. from date:
and one certain promissory note, exc
cuted by the said Klamath Lake Nav
igation company, dated at klamath
Falls, Oregon. November 12. 1908. for
the sum OF So 10000 due one year
from date without grace. payable TO
the order OF said William II. Davis, At
the Klamath County bank, klamath
Fails. Oregon, with interest at the
rate OF per cent per annum. from
date. which said mortgage included
the personal property hereinbefore de-
scribed. and conditioned that II de-
fault should be made in the payment
OF said notes, or either thereof. then
the said Ladd and Tilton bank and
William u. Davis might take posses
sion Of said personal property and sell
same. or so much thereof as might be
necessary to satisfy the said debt. In
terest and reasonable expenses. after
first giving notice OF thirty days by
publication In some newspaper. pub
lished In klamath Falls klamath
county. Oregon. and to retain the
same out OF the proceeds OF such sale;
the surplus. II any. to belong and to
be returned to said klamath Lake
Navigation company: taid mortgasor
having failed to pay said notes and
mortgage. or any portion thereof, the
'aid mortgagees have taken posses-
sion OF said property on account OF
,uch breach OF condition. for the pur-
pose OF making sale thereof. for the
reason and purposes set forth In this
notice.
Dated this 5th day Of February.
l912.
STONE 4 BARRETT.
Attorneys for Ladd and Tilton Bank
and william r, Davis. a.6-S-S b