Imperial Valley press., 1927-02-07
NOTICE OF TRUSTEES SALE

NOTICE OF TRUSTEES SALE
WHEREAS, by a Deed of Trust
dated November 10, 1923, Recorded
January 10, 1924, in Book "a, Page
1876 of Official Records, of Imper
ial County, California, to which re-
cord reference is hereby made, viii
liam G. Horan and Gertrude Horan
his wife, and Fled Schagens, sin
gle man, did grant and convey the
property therein and hereinafter
described, to California Trust Com
pany, as Trustee, to secure among
other things, the payment Of one
certain promissory note, in favor OF
California Bank, and other sums of
money advanced and interest there
on; and
WHEREAS, there has been a de-
fault in the payment of the install,
ment of interest due on said note
on February 10, 1926, and in the
installment of interest due May 10,
1926, each Of said installments of
interest amounting to Fifty and
No-100 ($50.00) Dollars, interest at
Eight per cent (S%) compounded
quarterly, and by reason of such de-
fault, California Bank, a corpora
tion, the owner and holder of said
note and Trust Deed, in accordance
with the provisions thereof, on, to-
wit: The End day Of August, 1926,
exercised its option and declared the
full amount of Indebtedness secur-
ed by said Trust Deed Immediately
due and payable; and
WHEREAS, in accordance with
the provisions Of Section 1924 of
the Civil Code of the State of Cal
ifornia, said California Bank, the
owner and holder of said note and
Trust Deed, on September 7, 1925
caused to be recorded in the office
of the County Recorder of Imperial
County, California, notice of such
default in the payment of the in
terest of said note, and Of its elec
tion to cause the property described
in said Deed of Trust to be sold IL
accordance with the provisions
thereof, to satisfy said obligation
which Notice of Default and Elec
tion to Sell was duly recorded il
Book 12s, Page 216 of Official Re
| cords of said Imperial County; ant
WHEREAS, there is now due an(
unpaid on account of said princi
pal and interest, the sum Of Twen
ty-five Hundred and No-1OC
($2,5O0.00) Dollars principal, to
gether with interest thereon at the
rate of Eight per cent (S%) pei
annum, compounded quarterly, from
November 10, 1925; and
WHEREAS, said Deed of Trust
provides that if there is default II
the payment of any of the sums Sc
cured thereby, upon the application
of the holder of said note, the
Trustee shall give notice and sell sc
much of the property as shall be
necessary to satisfy the indebted
ness secured thereby; and
WHEREAS, said California Bank
b. reason of the default i'll the pay
ments as stated, has requested Cali
fornia Trust Company, to give no
tice and sell said property, or Sc
much thereof as shall be necessary
to sell, to pay all of the indebted
ness secured and expenses incurred
necessary to the execution of sale
Trust.
NOW, THEREFORE,, notice is
hereby given that the California
Trust Company, by virtue of the
authority vested in it as Trustee
will sell at public auction to the
highest bidder, for cash in gold coir
of the United States, on the 1Stl
day of February, 1927, at the houl
of eleven o clock a. m, of said da!
at the Western Front Entrance OF
| the Court House, $50 North Broad
way, in the City of and County o,
Los Angeles, States of California
all the interest conveyed to it by
the aforesaid Deed of Trust in an(
to all the following described rea
property, situate in the County OF
Imperial, State of California, to-
wit:
Farm Unit "D", or Lot
Fifteen (l5), of Section Eigh-
teen QS), (bcing the Southwest
Quarter of the Northwest Quar-
ter of said Section), Township
Sixteen (16) South, Range
Twcnty-three (23) East. San
Bcrnardino Base and Meridian,
or so much thereof as shall be nee
essary to pay the total amount o
! the principal and interest amount
ing, as aforesaid, to TWENTY-FIVE
Hundred and No-100 ($2500.o0) Dol
lars Principal, with interest there