Imperial Valley press., 1933-04-20


vember 23rd. 1923. due January
2nd, 1929 executed by Reed-Wil-
liams Corporation and payable 70
Los Angeles-First National Truss
& Savings Bank
Both of said notes bearing inter-
est from January 2nd, 1929, at the
rate of seven per cent t7Fe) per an
mum. (Said Los Angeles-First Ma
tional Trust & Savings Bank be-
ing the successor in interest to the
| said First National Bank of Los
Angeles, California, and Security
First National Bank of Los Angeles
being the successor in interest Of
said Los Angeles-First National
Trust & Savings Bank Said Sc
| curity-First National Bank of Los
Angeles, California, being the own
er and holder of said two notes,
which said notes are obligations Sc
cured by said declaration of trust.
| And,
Whereas, breach of and default
in the obligations secured by said
| Declaration of Trust has occurred
in that there is now due, owing and
unpaid on said notes above described
the following sums: % That there
is now due, owing and unpaid on
said note for the original principal
sum of $12,75000, the principel
sum of $12,349 40, and interest on
the principal sum of $12, 2,349.40 from
January End, 1929, until paid at
the rate of 79o per annun. (2)
| That there is now due, owing and
unpaid on said note for the origi-
nal principal sum of S100,0e0.0o,
the principal sum of $95,000,00, to-
gether with interest on the princi-
pal sum of $100,00000 from Janu-
airy 2nd, 1929, to January 22nd-
1890. at the rate of TO per annum,
and interest on the principal SUM
of S95,00000 from January 22nd,
1890, until paid at the rate Of 10
per annum. And,
Whereas, there now remains due
and unpaid on said two notes above
mentioned the principal and inter-
est thereon as last above set forth.
And,
Whereas, Security First National
Bank of Los Angeles, California, as
owner and holder of said indebted
ness, did on November 2lst, 1882,
elect to and did declare that a
breach and default had been made
as aforesaid. and did declare all
sums secured by said Declaration
Of Trust as due and payable, and
did demand that said Trustee, Los
Angeles Investment Trust Company,
sell the property granted by said
Declaration of Trust and conveyance
aforesaid to satisfy the obligations
secured thereby, and did on Decent
Der 7th, 1892, file for record in the
office of the County Recorder of
Imperial County, California, no
tice Of such breach and OF election
to cause said Trustee TO sell said
property, in accordance with the
provisions Of said Declaration of
Trust, which said notice was re-
corded in Book 342, Page 302 of
Official Records Of said County.
And,
Whereas said Declaration of
Trust provides that after three
months shall have elapsed follow
ing the recordation of said notice,
the Trustee, without demand on
the Trustor, or any other persons.
shall sell said property, subject 20
conditions, restrictions, rights, rights
of way and encumbrances, taxes and
liens of record, in such parcels and
at such times and places as IL shall
deem best to accomplish the OBJ
jects of said trusts.
NOW, THEREFORE. NOTICE is
hereby given that by reason of the
premises and by virtue Of the au-
thority in it vested, as Trustee, the
undersigned, Los Angeles Invest
ment Trust Company, will sell az
public auction, to the highest bid
der for cash in lawful money OF
the United States, on Monday, MAJ
18th, 1898, at Eleven o'clock A. NJ,
at the East entrance OF the Hall
of Justice, in the City Of Los An
geles, California, all the interest,"
conveyed TO 1t by said Declaration
of Trust, or existing in it by reason
of said Judgment aforesaid desig-
mating it as trustee under said Dec
laration of Trust, without covenant
or warranty, express or implied. re-
gatding title, possession, or enclia-
! brances thereon, in and to the fol-
lowing described land and property,
.to-wit
Tracts weight (58) and
Fifty-nine (59) Township Four
teen C14) South, Range Four
teen Q4l East, S. B. NJ
Tracts Sixty-four (64), Sixty
five 1861 and Sixty-nine t69),
Township Fifteen t15 South,
Range Fourteen dD East, S.
B. M, and
South Half of Tract Two Hun
dred Eleven GID, Township
Fourteen l4 South, Range
Thirteen (13) East, S, B. M,
All of said property located IN
the County of Imperial, State
! of California.
Said property will be sold subject
( to conditions, restrictions, rights,
rights of way, encumbrances, taxes
and liens of record, and without
covenant or warranty, express or i'm
piled, regarding title, possession OF
/ encumbranceS thereon.
Said sale will be made 10 pay the
remaining principal and interest
die Op said two notes above men,