The Seward gateway daily edition, and the Alaska weekly post., 1920-10-15
NOTICE OF SALE BY TRUSTEE

executed and delivered It's certain mortgage in form of deed of trust, to the Bank of Seward, g corporation doing business at Seward. Alaska, as Trustee. for the use and benefit o1 the owners and holders of thirty, five year, eight per cent. bonds of the de. nom lnation of five hundred dollars each. secured by said mortage, cover. ing all the property and assets of the .nortgagor, as specifically described and set forth in said mortgage t secure the payment of the total sun. of FIFTEEN THOUSAND DOLLARS with interest thereon at the rate of eight per centum per annum, payable semi-annually;
 That the semi-annual payment of interest contracted to be paid upon said bonds is evidenced by certain in- serest coupons attached to each of said thirty bonds, and secured as aforesaid by said mortgage in regards 0 the payment thereof;
 That the interest due upon said ,nortgaged indebtedness upon Septem- per 1st. 1917, as evidenced by the re- .pective interest coupons attached to each of said thirty bonds of the de- :omination of Five Hundred Dollars, vas and is fully paid;
 That the semi annual payment of interest upon said mortgaged indebt- .dness, due to be paid on March 1st, -918. as evidenced by Coupons No. Z ..ttached as aforesaid. to each of aid thirty bonds, was and is paid in part only; that is to say: a payment # such interest in the sum of Three hundred Dollars was made and appli- d to the payment of the accruing in- crest coupons due on said date, upon Bonds numbered sixteen (16) to thir- y (30) inclusive; that the sum ot three Hundred Dollars covering the mount of interest indebtedness due n March 1st, 1918, upon Bonds numb red one CD to fifteen (15) inclusive, :; wholly unpaid;
 That by the terms and provisions f said mortgage any and all overdue nstaiiments of interest bear interest t the rate of eight per centum per mum until paid;
 That the accrued semi-annual pay lent of interest upon said mortgaged indebtedness. due to be paid, under he terms of said mortgage, on Sept mber 1st. 1918, as evidenced by Cou- ,on No. 8, attached to each of said nirty bonds, in the total sum of SIX lundred Dollars was and IS wholly .npaid; :,
 That default has been made in the erms and conditions of said mort
 age, by failure to pay the interest, as videnced by the interest coupons at ached to said bonds. as aforesaid, and uch default has continued for more han six months:
 That none of said thirty bonds, so s aforesaid of the denomination of i've Hundred Dollars, each. numbered rom One CD to Thirty (3O) inclusive, re, or have been, paid, and the total mount of said bonds, to-wit: the sum # Fifteen Thousand Dollars IS wholly That on January 2Oth 1920, as shown " affidavit of the Trustee, which affi- ,ayit was made for the purpose of omplying with the Compiled Laws of he Territory of Alaska relative to the enewal of mortgages upon personal ,roperty within said territory, the to- al amount due. both principal and interest, was Sn the sum of Sixteen ,bonsand Nine and 99-1OOthS dollars $l6,OO9.9s);
 That since said date of January 9th, 1920. further default has been aade in the payment of interest cou- ,ons attached to said bonds as afore- aid. and the GATEWAY PUBLISH NC COMPANY has announced its in- bility to meet and pay its interest oupons attached to said bonds; ..
 That thereafter. on the 7th day of iepsember, 1920, by resolution adopt d at a meeting of the bondholders, herein more than a majority of saic ,onds were represented, in person or " proxy, the Trustee, to-wit, the ;ank of Seward. was authorized to ake possession of the property of the aortgagor, and to sell the same m ac' ordance with the provisions of the rust deed. without recourse to pro" .eeding in court.
 THEREFORE, by the terms and provisions of said mortgage, upon the demand therefor made. the Bank oi seward, Trustee aforesaid. does here jy announce and give public notlc' nat, after th:s notice silaI have be- published in the Seward Gateway for period of at least once a week tor en weeks, a sale of all the property of the GATEWAY PUBLISHING COMPANY. covered by said mort gage will be held by said Trustee, for he purpose of paying off, cancelling ,r liauidating the mortgage indebted .css so represented by said bonds, ,ijh the unpaid interest coupons as attached to the respective bonds.
 The terms of such sale are as fol- aws: For cash. Bonds in the hands of hona fide holders, for value, may be offered and rendered in payment of the amount bid. Possession to be giv- en shall be immediate. The right to the use of the name. "THE SEWARD GATEWAY" and "THE ALASKA POST" goes to the pur- chaser of the property covered by the 
 Date of sale. Saturday, the 27th dav of November. 1920. The date of