Imperial Valley press., 1922-10-12
NOTICE OF TRUSTEES SALE

w WltEk LAS, mary II. Eils"ol1h an"
Herbert H. Ellsworth, her husband, by
deed of trust dated December 10, 1919,
and recorded February 9, 1920, IN Book
154, page 391 of Deeds, Imperial Coun-
tv Records, California, did grant and
convey the property therein and here
matter described to the GUARANTY
TRUST & SAVINGS BANK, as trus-
tee, to secure among other things, the
payment of two promissory notes, due
december /, 1920 and December /,
1921, respectively, in favor of the
Thornc-Hill Investment Company, a
corporation. and other sums of money
advanced and interest thereon, and
WHEREAS, after proceedings duly
and regularly had according to law
the said Guaranty Trust Il Savings
Bank on December 3, 1921, merged in
to and became a part of the SECOR III
TY TRUST & SAVINGS BANK, and
WHEREAS, by an agreement III
writing dated the 1st day of December,
1921. between the Thornc-lIill Invest
ment Company, Il corporation, ana
Mary +. Ellsworth and Herbert a.
Ellsworth, her husband, the time OF
pavment of the above mentioned notes
was extended to December !, 1922, and
it was agreed that said notes should
draw interest at the rate of $50 pei
annum after December l, 1921, payable
scmi.annuallv, and at the rate of l2%o
per annum after December !, l922, bu'
MI the other conditions and covenants
set forth in the said notes and deco
of trust should remain the same, anc
WHEREAS, the said notes provide
that should default be made IN The
pavment of any installmcnt of inter
est when due, then the whole sum OF
principal and interest shall become
Immediately due and payable at tht
option of the holder of said notes, anC
WHEREAS, there has been dcfaul
in the payment of tho scmi-annual IN
stallmcnt of interest due and payable
on the said notes June ], 1922, no par
of which has been paid. nor has th'
! time of payment of said interest beer
| cXtepdcd, and
WHEREAS, said Deed Of Trust pro
vides that the holder of said notes may
at his option and without notice pa,
anv and all taxes, assessments, hen
or cncumbrances affecting the title t.
| said property, water stock or waite
| rights, and that the repayment or any
| such sum so expended or advanced
with interest thereon shall be secure'
bv said Deed of Trust; and
| WHEREAS, the holder of said note
| WAS required to and did pay and ad
vance the sum of 100000 for inter
est due and unpaid on Il prior cncum
|
ouircd to and did pay and advance tn
sum of $1,000 for premiums due OF
| fire insurance policies covering IN
! buildings located on land described II
said Deed of Trust, ard was requirc'
TO and did pay aud advance the sun
of 4JS2.00 in payment of dellnqueh
| assessments on water stock appurtcn
| ont to the land in said Deed of Trus
described and was required to and dl'
| nov and advance tho sum of $1,000 t
| cover the cost of water furnished L
thc propcrty described in said bced q"
| Trust, and making n total OF $lso.'o
poid and advanced under the provision
of said Deed of Trust by the holder o
| said notes, and
| WHEREAS, default was ,urthc
| made IN the fcpayihoht VI '''u '"
$ls62.O0 so paid and advancccd' a
though demanded, no part of wine
has been paid, nor was the time
payment thereof extended, and
WHEREAS, the holder of said note
has elected to and has declared D.
reason Of the defaults as hereinabov
set forth, the whole sum OF unpal
principal together with interest there
on, due and payable, and has elcctc
TO cause the property described IN san
Deed of Trust to be sold in accordanc
with the provisions theAeof to satiSf.
said obligations, and
| WHEREAS, in accordance with tn
provisions of Section 1924 of the Civ
Code of the State Of California, sal
THORNE-HILL INVESTMENT COM
PANY, corporation, the owner am
holder of said notes and Deed of Trust
caused to be recorded in the office o
,, the County Recorder Of Imperial Coun
tv. Notice of such default in the pay
mcnt of interest and of its election t
cause the property described in san
Deed of Trust to be sold in accordanc
with the provisions thereof, to satisf
| s,id oblip0tions, which notice of dc