Imperial Valley press., 1925-11-24
NOTICE OF TRUSTEES SALE

: whereas. ID. N. Butler and Eliza.
beth Butler, his wife, by Deed
of Trust, dated February 10Th, 1920,
recorded February 20, 1920, in Book
l56, page 435, of Deeds, in the of.
flee of the County Recorder of the
! County of Imperial, California, did
! grant and convey the premises
( therein and hereinafter described
to TITLE INSURANCE AND
! TRUST COMPANY, as Trustee, to
, secure among other things. the pay
ment Of one promiSsory note. dated
! February -, 1920, made by the said
d. X. Butler and Elizabeth Butler,
| for the sum of Ninetv-five Hundred
Dollars ($9500.00) payable three
years after its date TO the order of
Mortgage Guarantee Company a
corporation. with interest from its
date until paid, at the rate of sew
en- per cent per annum, payable
! semi-annuallv or compounded; and
! Whereas, at the request of the
/ then owners of the property the ma
! turity of said note has been ex-
| tended from February u, 1923, to
| February Il, 1926: and
WHEREAS, default has been
made in the payment of said pro-
! misSory note, and breach has been
made in the obligation for which
/ said Deed of Trust is a security, il
! this. that the interest payment due
upon said note on August 10, 1924,
was not then paid, nor have any
! subsequent payments been made;
! that the principal sum of said note
to-wit: $950000 Except the sum Of
| $10S5.46) and interest thereon from
February IA, 1924, also sums ad-
vanced under the provisions of said
Deed of Trust, are owing and un-
paid; and
/ Whereas, said Deed of Trust pr,-
vides that if default be made in
! the payment of any Of the sums Of
. principal and interest when due, the
owner and holder of said note may
declare the whole of the principal
and interest thereof Immediately
due and payable and require the
said Trustee to sell the property
! thereby granted, and
|. Whereas, the said Mortgage Guar
antee Company has declared that
default has been made as aforesaid
and has declared the whole Of said
| principal sum and interest now due
and payable and has demanded that
said Trustee shall sell the premises
granted by said Deed of Trust to
accomplish the objects Of the trust
therein expressed; and
Whereas, said Mortgage Guaran.
tee Company, being the holder OF
said note under said Deed Of Trust
did record in the office Of the
County Recorder of the County Of
Imperial (being the County where
in the real property covered by said
Deed of Trust, and hereinafter des
cribed, is situated,) a notice Of said
breach. and of its election to cause
said property to be sold to satisfy
said obligation, which said notice
was recorded on August 15, 1925
in Book 50, Page 1876, of Offieia
Records, Records Of said Imperia.
County.
Now, Therefore, notice is hereby
given that the undersigned by vir
ture of the authority in it vested
as trustee will sell at public aue
ton to the highest bidder for cash
in United States Gold Coin. on We'd
nesday, the 9th day Of December
1925. at the hour of eleven 'clocl
a. m. Of said day in the lobby 0.
the Fifth Street entrance Of th'
Title Insurance Building, corne,
Fifth and Spring Streets, in th'
City Of Los Angeles, California, th'
interest conveyed to it by the afore
said Deed Of Trust in and to thu
real property therein described sit
uate in the Ell Centre Judieia
Township, County Of Imperial Stat<
Of California, described "a follows
All Of Tract One Hundred
Three (103,) in Township 16
South. Range IA East. s. B. NJ,
according to United States Gov
ernment official plat Of resur-
NtN Coi cs
1909, and on file in the United
States Land Office at FL Cen
tro. California.
| Together with 12S shares Of
the Capital Stock Of Imperial
Water Company No. l.
Said Deed Of Trust recites the
following:
"The partie. Of the first part
agree to pay before delinquency any
assessments upon, affecting or pur'
porting TO affect said capital stock
/ during the continuance Of these
/ trusts. Shonld the parties Of the
! first part fail or refuse to pay any
/ such assessment at the time herein
before mentioned, the party Of the
third part, NAV, without notice TO
/ the parties Of the first part, pay
any such assessment and thereupon,
, at it. option, declare the entire in
| debtedness secured by this Deed OF
! Trust Immediately due and payable
and notice Of such default given to
the Trustee herein shall be eonelu-
sive evidence Of the facts therein
stated and the exercising Of such
optisn. The parties Of the first
part agree to repay at once and
without demand all sums so advane-
ed with interest thereon at 7%
per annum from date Of advance
ment until paid.
Whereas, said 12S shares OF the