Imperial Valley press., 1916-08-02
C. A. SHAFER
UNDERTAKEN
El Centre Phone Main ll4
NOTICE OF TRUSTEES SALE.

parties Of the first part, to Peoples
Loan and Trust Company,ja corpora
ton, party of the second part, and
Lloyd Sigler, party of the third part,
and recorded Nav 25, 1915, in Book
I9S of Deeds. at Page 32 thereof, Rec
ords of IMPERIAL County, California,
to which record reference is here
by made; said parties of the first part
did grant and convey the premises
herein and hereinafter described to the
said Peoples Loan and Trust Company.
as trustee, together with 88 shares of
water stock, for the uses and purposes
set out in said trust deed, among
other uses, to secure the payment of
two certain promissory notes, dated
May 1st, 1915, to wit: Note No. 1 fol
/ $11, 1,079.50, due November 1st, 1915,
with interest at the rate of seven
per cent per annum from date, pay
able annually, and Note No. 8. for
! $7,500.00, due in four instalments of
$1,250.00 on the first day of May of
each and every year, beginning on the
first day Of Nav, 1921, and the bal
ance Of the principal of said note on
the 1st day of May, 1925, with interest
on deferred payments at seven per
cent per annum, payable annually, the
same being made due and payable to
the said Lloyd Sigler; and
/ Whereas, there has been default in
the payment Of principal and interest
of said Note No. I in this, that no
part of the interest due thereon has
been paid, and that no part of the
principal thereof has been paid ex-
cept the sum of $4,000, May 1st, 1915,
and the sum of $7,282.OO, October 18.
1915, there being now due and unpaid
on said Note No. l the total sum of
i$4 4,278.54; and
| Whereas, there has been default in
1 No. 3, in this, that no part of the in
by reason of such defaults, the said
Lloyd Sigler, the owner and holder of
said notes and trust deed, has in ac-
cordance with the provisions thereof
exercised his option and declared the
whole amount Of the said Indebtedness
Immediately due and payable, there
being the total sum now due and un-
paid on said Note No. of $8,11S.62;
and
Whereas, said Lloyd Sigler has beer
compelled to eXpend and advance and
has expended and advanced certain
sums of money for the care, irrigation
and protection Of. and for taxes lev
led and assessed upon said lands as
follows, to wit: For taxes $325.88 on
the 4th day of February, 1916; for ir-
rigating water $78.7S on the 9th day
of December, 1915: for clearing and
plowing said land where infested with
Bermuda grass, 100000, all of which
said sums with interest thereon at
seven per cent per annum from date
of payment are now due and unpaid
being secured by the terms of said
deed of trust; and
Whereas, it is provided in said trust
deed that if there is default in the
payment of any of the principal, in
terest or money advanced or expend-
cd under the provisions Of said trus!
deed and mentioned as secured there.
bv, that upon written application OF
the party of the third part, or his
assigns, the said trustee shall give no.
tice and sell the premises, or so much
thereof as shall be necessary to sci
to pay the liabilities unpaid secured
by said trust deed: and
Whereas, said Lloyd Sigler, owner
and holder of said Note No. / anc
Note No. 3 secured bv said trust deed
by reason of the default in payments
as stated, has in writing applied tt
and requested said trustee to proceed
and sell the granted premises, or sc
much thereof as shall be necessary
to sell to pay the whole of the prin
cipal, interest, fees. costs, charges, ad
. vances and expenses incurred neces
sary to the execution of said trust
and
Whereas, by decree duly made ant
entered in the Superior Court of tht
State of California, in and for the
County of Riverside, on the Goth day
of March. 1916, the name peoples
! Loan and Trust Company" was
changed to peoples Trust e. Savings
Bank"
Now Therefore, notice is hereby civ.
en- that the Peoples Trust & Savings
Bank, by virtue of the authority vest
ed in said corporation as trustee, will
sell at public auction to the highest
bidder, for cash in gold coin. on the
4th day of August, 1916, at the hour
of 10 o'clock a. m., at the front door
of the office of the Peoples Trust &
Savings Bank at No. 771 West Eighth
street, in the City Of Riverside. County
Of Riverside, State of California, the
interest conveyed to it by said deed
of trust in and to the property therein
described situated in the County oi
Imperial, State of California, described
as follows, to wit:
The south 10 acres of the south
east quarter (S to acres of Sc 4 J
of Section three (3), TOWNSHIP seven
teen (10 South, Range fourteen ca
East, S. r. M, as per map of the su,-
vcy approved and now on file in the
United States Land Office at Los An
geles, California. Together with al
interest of said trustee in So shares
of water stock pedged as additiona
security for the payment of said notes
TO pay the principal due on each o.
said notes, together with interes
thereon to date of sale, and also al
other sums laid out, expended or ad
vanced to protect the interests Of thi,
trust, with interest and the EXPENSE.