Imperial Valley press., 1920-12-23
LEGAL ADVERTISING
NOTICE OF TRUSTEES SALE

dated the 1st day of August, 1913, ex-
ecuted in the county of Imperial, state
of California, by Virgil Z. Rice, a sim
gle and unmarried man, trustor, to
Louis Breiling, trustee, and the Union
Central Life Insurance company, a
corporation organized under the laws
of Ohio, with its principal office at
Cincinnati, beneficiary, and recorded
on the 29th day of August, 1918, at
nine minutes past nine o'clock A. M.
in book II, page 33S, of Deeds, I'M
perial County Records, to which ref
erence is hereby made, said Virgil E..
Rice did grant and convey the prem
iseS therein and hereafter described
to Louis Breiling, as trustee, for the
uses and purposes set out in said trust
deed, among other uses and purposes
to secure the payment of one certain
promlssory note for $4,000 and inter
est thereon according to the terms
/ thereof and other sums of money to
, be advanced pursuant to the terms of
said promissory note or the said trust
deed, the same, and the whole thereof,
| being payable to the Union Central
! Life Insurance Company of Cincinna-
ii, Ohio, and
Whereas, said promissory note pro-
vldeS among other things that if any
installment of interest be not paid at
maturity then the principal note and
all interest accrued thereon shall at
, the option of the holder thereof ma
ture and be collectable at once with
out notice; also that it is provided by
the terms of said deed cf trust that in
case the taxes assessments or liens on
any of the property therein described,
any assessment on water stock or 9TH
er water rights pertaining to the land
be not paid when due, then the holder
of said note and trust deed may pay
the same and that any amount so paid
shall be secured by said deed of trust;
it is also provided that if default
should be made in the payment of any
of the sums of principal or interest
provided in said promissory note when
due or in the reimbursement of any
amounts paid as provided in said deed
of trust, then the said trustee or his
successor assigns on demand of the
beneficiary under said deed of trust
shall sell the premises hereinafter and
in said deed of trust described, or
SoNl paw tiiClcOl as Seiiu IL uSlCcS lllh
deem necessary to accomplish the OBJ
jects of said deed of trust. and
Whereas, the interest installment on
said promissory note by the terms
thersof due and payable on the 1st day
o. August, 1920, for the Sam of S14O
has not been raid, nor any part there
of; that the beneficiary was obliged
to and did on to-wit, the oath day of
February, 1920, pay assessment on
the water stock located on said prem
ises in the amount of S155.43, which
said amount has not been repaid, nor
any part thereof: that on to-wit, the |
24th day of February, 1920, the bene-
ficiary paid taxes levied against said
premises for the year 1918 in the sum
of s188.09, which said sum has not
been repaid, nor any part thereof; that
on to-wit, the 9th day of July, 1920,
the beneficiary paid taxes assessed !
against said premises in the sum of
1854, which said amount has not |
been repaid, nor any part thereof;
that on to-wit, the Sth day of October,
1920, the beneficiary paid taxes as
sessed against said premises in the
sum of S81. 80, which sum has not been
repaid, nor any part thereof, and
Whereas, the beneficiary and the /
holder Of said promissory note and
trust deed has elected to and has de-
clared the whole sum of principal, in
terest and advancements Immediately
due and payable, and
Whereas, by an instrument in writ
ing, dated the 18th day of November,
1920, the said Louis Breiling resigned
as trustee in said deed of trust, and to-
wit, the same day the beneficiary, the
Union Central Life Insurance
Company, by an instrument in
writing duly appointed Charles
L. Childers of Ell Centre, Cali
fornia, as substitute trustee in and
under said deed of trust and in the
place and stead of the said Louis
Breiling; said instrument being re-
corded in the office of the county re-
corder of the county of Imperial, to-
wit, the 29th day of November, 1920,
to which reference is hereby made,
and
Whereas, the beneficiary and hold
er of said promissory notes has de-
manded of the trustee that he sell said
premises or such portion thereof as
he deems necessary for the purpose Of
carrying out the terms of said trust,
and
Whereas, the sum of $4,000 prnci-
pal, together with interest thereon at
the rate of seven per cent per annum
from the 1st day of August, 1919, and
the sum Of $64l.72, together with in
terest thereon at the rate Of II per
cent per annum from the dates of the
respective payments hereinabove set
out and as provided in said deed of
trust remains wholly due and unpaid
and the undersigned trustee believes it
to be necessary to sell the whole Of
said premises for the purpose of pay
ment thereof.
Now, therefore, notice is hereby
given that the said Charles L. Child
ers, by virtue of authority vested in
him as hereinabove set out, will sell
at public auction to the highest and
best bidder for cash in gold coin of
the United States, on Friday, the