Imperial Valley press., 1930-07-30
NOTICE OF TRUSTEE SALE
Register No. 24752

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well bv Deed of Trust dated Feb
ruarv 4, 1927, and recorded March
3. 1927, in Book 147, Page 80, OF
Official Records, in the office OF
the Recorder of Imperial County,
California, did grant and convey
the property therein and hereinafter
described to Los Angeles Trust x
Safe Deposit Company, corpora
ton, as Trustee, with power of sale.
to secure the payment of one Ger,
tain promissory note in favor OF
Pacific Southwest Trust & Savings
Bank, a corporation, and to secure
the payment and-or performance OF
every obligation, covenant, promise,
or agreement therein contained; and
WHEREAS, said note has been
assigned to and is now owned and
held by Security-First National
Bank of Los Angeles, n National
Banking Association; and
WHEREAS, said Deed of Trust
provides that should breach or de-
fault be made in the payment of any
Indebtedness and-or in the perform
ancc of any obligation, covenant,
promise or agreement therein men
toned, then the owner and holder
of said note may declare all sums
secured thereby Immediately due,
and may require the Trustee to sell
the property thereby granted; and
WHEREAS, default has been
made in the payment of said pi rom
made in the obligations for which
said Deed of Trust is a security, IN
this, that the installment of interest
due on said note on August 4, 1929,
was not paid when due: that the
principal of said note was not paid
when due; and that the principal
and interest due on one certain ad-
ditional loan promissory note Sc
cured by said deed of trust, due
September 16, 1929, was not paid
when due; and
WHEREAS. said Security-First
National Bank of Los Angeles dio
elect to and did declare all sums
secured by said Deed of Trust inn
mediately due and payable, and did
demand that said Trustee sell the
property granted thereby, to ac-
complish the objects of the trusts
therein expressed, and thereafter on
November 8, 1929, there was re
corded in Book 245, Page 384, OF
Official Records, in the office or
the Recorder of Imperial County,
California, notice of said breach
and default and of election to cause
said Trustee to sell said property
to satisfy said obligations.
NOW, THEREFORE notice is
hereby given, that by virtue of the
authority in it vested. the under
signed, as Trustee, will sell at puh
lie auction, to the highest bidder
for cash, in United States Gold
Coin, on Friday, the Sth day of
August, 1880, at Hoo o'clock a.
NJ, at the Western front entrance
of the County Court House, Los An
geles, California, all the interest
conveyed to it by said Deed of Trust
in and to the property described
therein, situate in County of Impe-
rial, state of California, and de-
scribed as follows:
Lot Nine (9) of Section Eleven
ND in Township Sixteen 16)
South, Range Fourteen 90 East,
S. b. NJ, in the County of I'M
perial, state of California, ac-
cording to United States Govern
ment plat of resurvey February 6,
1909. and on file in the United
States Land Office at Los An
geleS. California.
but without covenant or warranty,
express or implied, regarding title,
possession or encumbrances, or so
much thereof as shall be necessary
to pay the entire principal sum of
said notes, to-wit: $4,000, and in
tcrest thereon from May 4, 1929, at
the rate of per cent per annum,
compounded quarterly on the sum
of $1,000 and interest on the sum
of $500 from July IS, 1929, at the
rate of : per cent, per annum, all
sums expended under the terms of
said Deed of Trust, the expenses of
sale and also all costs, fees, charges
and expenses of Trustee and of the
Trusts created thereby.
Terms Of sale cash in United
States Gold Coin, payable at timc
of sale.
Dated July 9, 1880.
Los Angeles Trust & Safe Deposit
Company as Trustee.
BY b. II. GRIGSBY,
Vice President.
Pv & q BANTER.