Imperial Valley press., 1923-03-26

NOTICE OF TRUSTEE s SALE
WHEREAS, 10y Deed of Trust
dated February 7. 1921, and re-
corded February II, 1921, in Book
1870, Page III of Deeds, Records of
Imperial County, California, +. g..
Shellhorn and Lottie f. Shellhorn,
his wife, did grant and convey the
property therein and hereinafter
described to THE PEOPLES ALB
STRACT AND TITLE COMPANY.
a corporation, of Ell Centre, Califor'
MA, as Trustee, to secure among
other things the payment of one
certain Promissory Note for Fifteen
Hundred Dollars ($1500.00) of even
date Herewith, due one year after
date, bearing interest at the rate
of ten per cent (10%o) per annum,
payable quarterly, which said Note
and Trust Deed were made payable
and delivered to the SOUTHERN
TRUST AND COMMERCE BANK,
Ell Centre Branch, the present. own
err and holder of said Note and
Trust Deed, and
WHEREAS, the said owner and
holder of said Note and Trust
Deed has been obliged to advance
the sum of Five Hundred Ninety
Dollars ($590.00,) on to-wit: August
), 1922, which sum bears interest
from November 6, 1922, at the rate
of ten per cent 900 per annum;
and also the sum. of One Hundred
Ninetyfive and 41-100 Dollars
($l95.41,) which sum bears inter
est from December 9, 1922, at the
rate of ten per cent (10%); all of
which advances were made for the
purpose of protecting the interest
on prior loan, and were made pur-
suant to the provisions of said
Deed of Trust, and by its provi-
sions are thereby secured, and
WHEREAS, default has been
made under the terms of said Note
and Trust Deed, in this: that the
principle sum, to-wit: Fifteen Hun
paid when due, on to-wit: February
paid when due, on towit: February
7, 1922, and still remains due and
unpaid, and also that no interest
has been paid under the terms of
said Note and Trust Deed subse
quent to January 10, 1928; and also
that the advances above described
have not been paid or repaid, al
though demanded, together with in
! terest thereon at ten per cent (10Fo)
per annum. all of which sums still
remain due and unpaid; and by
reason of said defaults, the said
owner and holder of said Promis-
sorry Note and Trust Deed has de-
clared the entire sum of principle
and interest, advances, and inter
est on advances, Immediately due
and payable, and
WHEREAS, said Trust Deed pro
vides, that in case breach or
default be made in the performance
of any obligation, for which said
Deed of Trust is security, then
the holder or holders of any Note
or Notes or indebtedness mentioned
as secured thereby, may declare all
sums secured thereby Immediately
due and payable, and shall execute
| anu ucllNcI " INC 81 WI
ten Declaration of Default there
under and demand for sale, and
shall record, in the office of tho
Recorder of the County wherein
said property, or some part there
Of, is situated, notice OF such
breach and Of election to cause said
property to be sold to satisfy said
obligation, and
WHEREAS, pursuant to the
terms of said Deed of Trust, tho
said owner and holder of said Pro
missory Note and Deed of Trust
did on the cath day of August
1929, record in the office of the
County Recorder of Imperial Coun
ty, California, notice of default
and election to sell under the terms
of said Deed of Trust, which said
notice was given pursuant to thu
terms of said Deed of Trust and
in compliance with Section 1924
of the Civil Code of California, and
which said Notice was recorded in
Book 8, Page 4l5 of Miscellaneous
Records, Records of Imperial
County, California, and
WHEREAS, said owner and hold
or Of said Note and Trust Deed ha,
/ delivered to the Trustee writer
declaratioE of default under tho
terms of said Decd of Trust, and
demanded that said Trustee pro
cecd to sell the promises in said
Deed of Trust described, and pur
suant TO the terms thereof, after
notice has been given as in said
Trust Deed provided, in order &c
satisfy the obligations by said
Decd Of Trust secured, and
WHEREAS, moro than ninety
900 days have elapsed since tn,
Notice Of Default and Election &c
Sell was recorded in the office o'
II -.