Imperial Valley press., 1927-01-24
NOTICE OF TRUSTEES SALE

Il
January 10, 1924, in Book "a, Page
100 Of Official Records, Of Imper
ial County, California, to which re.
cord reference is hereby made, Viii
liam c. Koran and Gertrude Koran,
/; his wife, and Fred Schagens, a 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 (8%o) compounded
quarterly, and by reason of such de-
fault, California Bank, corpora
ton, 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
n
the Civil Code of the State of Cal
jfornia, said California Bank, the
owner and holder of said note and
, Trust Deed, ON Scptembcr,7, 1926,
! caused to be recorded in the office
! of the County Recorder of Imperial
! County, California, a notice of such
! default in the payment of the IN
j terest of said note, and of its "'ec.
ton to cause the property described
! in said Deed of Trust to be sold Ill
j accordance with the provisions
thereof. to satisfy said obligation,
! which Notice Of Default and Flee
! ton to Sell was duly recorded Ill
Book 1913, Page PIC of Official Re
cords of said Imperial County; ana
! WHEREAS, there is now due and
unpaid on account of said princl-
! pal and interest, the sum of Tween
/ tv-five Hundred and No-lOc
| ($2 100000 Dollars principal, to-
gether with interest thereon at the
rate of Eight per cent $50 pei
annum, compounded quarterly, from
! November 10, 1925; and
; WHEREAS, said Deed of Trust
provides that if there is a default III
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 DC
necessary to satisfy TIE indebted
hess secured thereby; and
WHEREAS. said California Bank
b. lcason of the default il the pay
ments as stated. has requested CAN
fornia Trust Company, to give no
tee and sell said property, or 81
much thereof as shall be necessary
to sell, to pay all of the indebted
ness secured and expenses incurrct
necessary to the execution of sal'
Trust.
NOW, THEREFORE. notice i:
hereby given that the Californi;
Trust Company, by virtue OF th'
authority vested in it as Trustee
will sell at public auction to tho
highest bidder, for cash in gold con
of the United States. on the 1Stl
day of February. 1927, at the hou
of eleven clock a. m, of said da.
at the Western Front Entrance o
the Court House, $50 North Broad
way, in the City Of and County o
Los Angeles, States of California
all the interest conveyed to 1t h.
the aforesaid Deed of Trust in an'
70 all the following described rca
property, situate in the County O.
Imperial, State of California, to
wit:
Farm Unit "D', or Lot
Fifteen (l5), of Section Eigh-
teen (1S), (being the Southwest
Quarter of the Northwest Quar-
TOR of said Scction), Township
| Sixteen (16) South, Range
Twenty-threc OBJ East. San
Bcrnardno Base and Meridian,
or so much thereof as shall be nee
cssary to pay the total amount o
the principal and interest amount
ing, ms aforesaid, to TWENTY-FIVE
Hundred and No-l00 ($2500.00) Dol
lars Principal, with interest there
on at the rate of Eight per cen
| $500 per annum compounded quar-
tcrly from November 10. 1928, +
the date of sale. and advances, i
any, together with tho expenses q
said sale, including compensation T.
the Trustee.
TERMS OF SALE: Cash in
Gold Coin of the United
States.
!, IN WITNESS WHEREOF, th'
California Trust Company, has duly
authorized this notice by the sigma
lures of its vice president and IT
, assistant secretary, who has affiX
: ed lis corporate seal, at Los Angr
Ter, California, this Sth dav of Jan
, uarv 1927.
= CALIFORNIA Trust COMPANY
BY b. l.. Smith, Vice President,
(SEAL)
> Attest
Chas. &. Kirkscv, Assistant Srcrc-
tary. "a 81 F : |