Imperial Valley press., 1929-12-04
Legal Notice
NOTICE OF TRUSTEES SALE.

WHEREAS, there was made and
entered into as of December 7, 1926,
a certain Declaration of Trust be-
tween PACIFIC SOUTHWEST
TRUST l. SAVINGS BANK, a cor
poration, as Trustee, whose success
sor in trust is SECJRlTY-FlRST
NATIONAL BANK OF LOS AN.
GELES, a national banking assoeia-
ton, REED-WILLIAMS CORPOR-
ALTON, a corporation, as Trustor,
and the FIRST NATIONAL BANK
OF LOS ANGELES, California, a
corporation, as Beneficiary, known
and designated in the files of Secur-
ity First National Bank of Los An
geles, formerly Pacific Southwest
Trust 4 Savings Bank, as its Trust
No. AIS. securing, among other
things, two certain promissory notes
made by said Reed Williams Cor
poration, payment of said two notes
being guaranteed by J. w. Reed and
r. c. Reed, both dated November %,
1928, and due on January =, 1929,
with interest at the rate of seven
per cent (7Tl per annum from Jan
uary >, 1929, in favor of said Los
Angeles-First National Trust 4 Saw
ings Bank for the respective sums
of $l0o,00000 Zone Hundred Thous
and Dollars) and $l2.75o.00 (Twclvc
Thousand Seven Hundred and Fifty
Dollars1, and covering certain real
property therein and hereinafter
described; and
WHEREAS, said notes have been
assigned to and arc now owned and
held by SecurityFirst National
Bank of Los Angeles, a national
banking association; and
WHEREAS, said Declaration of
Trust provides that should breach
or default be made in the perform
ancc of any obligation for which
said Declaration of Trust is a Sc
curity, 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
may require the Trustee to sell said
property; and
WHEREAS. breach OF default has
been made under the terms of said
notes and Declaration Of Trust in
that the principal of each of said
notes due on January ., 1929, was
not paid when due; and
WHEREAS, said Socurity.Frst
National Ban kof Los Angeles did
elect to and did declare all sums SC
cured by said Declaration of Trus;
immediately due and payable, and
did demand that said Trusee sell
the property therein described, to
accomplish the objects of the trusts
therein expressed, and thereafter on
August 23, 1929 there was recorded
in Book o42, Page 36S of Official
Records in the office of the County
of Recorder of Imperial County
California, n notice of said breach
and default and of election TO cause
said Trustee to sell said property
to satisfy sal dobligations.
NOW, THEREFORE,, notice IL
hereby given, that by virtue of the
authority in it vested, the under
signed, as Trustee, will sell at pub
lie auction, TO the highest bidder for
cash, in lawful money Of the United
States on Friday the Goth day Of
December, 1929, att III clock a
m. at the Western front entrance of
the County Court House, Los Angc
les, California, all the interest held
by it under said Declaration OF
Trust, in and TO the property des
cribed therein, situate in the Conn
ty of Imperial, State of California;
described as follows:
Tracts Fifty-cight and Fifty
nine (5s and so Township
Fourteen G4 South, Range
Fourteen (lI) East, $. T.. A.:
Tracts SiXty-four, Sixty-fivc
and Sixty-ninc {6i, 65 and 6g)
Township Fifteen O5) South,
Range Fourteen QD East, 8.
i. M; and
South half of Tract Two Hun.
drcd Eleven (21D Township
Fourteen GD South, Range
Thirteen (l3) Fast, $. u. Al.
subject TO conditions, restrictions,
rights, rights Of way and incum.
brances, taxes and liens ef record,
but without covenant or warranty,
express or implied, regarding title,
possession or inctm mbrances. or 80
much thereof as shall bc necessary
to pay the entire principal sum of
said note first above mentinaed, 70.
Wit the sum of $lOo,0QO.00 (One
Hundred Thousand Dollars) aud in.
terest thereon at the rate Of seven
(7%) per annum from January .,
1929, and further to pay the remain.
ing principal sum of said note see.
ond above mentioned, to-wit: the
sum OF $12,349.40 Twelve Thousand
Three Hundred Forty.ninc Dollars
and Forty Ccnts) and interest there.
on at the rate of seven (7%) per
annum from January 2, 1929, all
sums expended under the terms of
said Declaration of Trust, the cx.
pcnscs of sale and also all costs
fees, charges and expenses Of Trus.
tee and of the trusts created there.
by.
Terms Of sale cash in United
States lawful moneyI payable at
time Of sale.
Dated November o5, 1923.
SEURITY.FIRST n IONAL
BANK or LOS ANGELES.
Formerly Los Angclcs-F First Ma.
tional Trust & Savings Bank.
(Formcrly Pacific Southwest Trust
& Savings Bank).
as Trustee