Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-04-27

of Judgments Page 10 rendered a
Judgment designating and appoint
ing Los Angeles Investment Trust
Company as Trustee under said
declaration of trust with all the
powers set forth in same, certified
copy of which said judgment was
recorded October 14th, 1892. in
Book 341. Page 1886 Official Records
in office of County Recorder OF
Imperial County, California. And,
Whereas, it is provided in said
declaration of trust that said con-
veyance was made in trust, with
power of sale, among other things,
to secure the payment of the note
described in said declaration, as
well as any renewals thereof. and
also as security for such additional
sums, with interest thereon, and
any renewals thereof, as might
thereafter be loaned to said Trus-
tor. as we'll as to secure the Trus-
tee in the payment Of all fees, cost
and expense arising under sad
trust. for advances or other items
therein mentioned; and that said
trust should apply and extend to
any extended, renewed or new in
debtedness of said Trustor. And,
Whereas, it is provided in said
declaration of trust that should a
| breach or default be made in the
performance of any obligation for
which same was given as security,
then the holder of any note, notes
or indebtedness secured thereby may
! declare all sums SO secured as i'm
mediately due and payable, dellve"
| to the Trustee a declaration OF de-
fault, and demand for sale, as well
as file with the County Recorder
wherein such property is located a
notice of such breach and demand
for sale. And.
Whereas, Security First National
Bank of Los Angeles, California, is
the owner and holder of the fol-
lowing notes, which are obligations
secured by said declaration Of trust
to-Wit:
Cd Note for the principal origi-
nal sum OF $12, 10000, dated Noyem-
Der 23rd, 1923, due January End
1929, executed by Reed-WiliiamS
Corporation and payable to Los An
geles-First National Trust 81 Saw
ings Bank.
90 Note for the original prin-
cipal sum of sl00,0000O, dated No
vember 23rd. 1928, due January
2nd, 1929, executed by Reed-Wil-
liams Corporation and payable TO
Los Angeles-First National Trust
61 Savings Bank.
Both of said notes bearing inter
est from January End, 1929, at the
rate of seven per cent Gq6) per an
num- (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 Nationa
Trust e. Savings Bank. Said Sc
curity First National Bank of Lo'
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 sale
Declaration OF Trust has occurred
in that there is now due, owing ana
unpaid on said notes above described
the following sums: Cd That there
is now due, owing and unpaid or
said note for the original principal
sum of $12,750.00, the principal
sum of $12,349 40, and interest on
the principal sum of $l2 ,34940 from
January End, 1929, until PAID at
the rate of TO per annum. (2)
That there is now due, owing and
unpaid on said note for the origi-
nal principal sum of $l00,0G000
the principal sum of $95 10000, to-
gether with interest on the princi-
PAL sum of $10000000 from Janu-
airy End, 1929, to January end
1880, at the rate of TO per annum
and interest on the principal sun,
of sos, 10000 from January 22nd
1880, 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