Imperial Valley press., 1933-05-04

tered October 9Th, 1882, in Book 10
of Judgments Page 10 rendered
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 l4th, 1882. 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 well as to secure the Irus-
tee in the payment OF all fees, cost
and expense arising under sac
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 sad
declaration of trust that should
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
msdiately due and payable, deliye"
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:
% Note for the principal origi-
nal sum OF $12, 10000, dated Novem-
Der 23rd, 1923, due January End
! 1929. executed by Reed-Williams
Corporation and payable to Los An
geles-First National Trust & Saw
ings Bank.
CO. Note for the original prin-
cipal sum of $10O,00000, dated No
vember 23rd, 1928, due January
2nd, 1929, executed by Reed-Wil-
lians Corporation and payable tc
! Los Angeles-First National Trusi
& Savings Bank.
Both of said notes bearing inter
est from January 2nd, 1929, at the
rate OF seven per cent (7To) per an
mum. (Said Los Angeles-First Ma
tional Trust & Savings Bank be-
ing the successor in interest to Tho
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 defaul
in the obligations secured by saiC
Declaration Of Trust has occurred
in that there is now due, owing anl
unpaid on said notes above described
the following sums: Cd That there
is now due, owing and unpaid OF
said note for the original principa
sum of $12,750.00, the principa
sum of $l2,349.40, and interest or
the principal sum of $l2, 349.40 from
January End, 1929, until PAID a.
the rate of 7gS per annum. e.
That there is now due, owing ant
unpaid on said note for the origl-
nal principal sum of $100,0o000
the principal sum of $95,000,00, to-
gether with interest on the princi-
pal sum of $100,00000 from Janu-
airy End, 1929, to January 22nd
1880, at the rate of 10 per annum
and interest on the principal sun
of $95,000.00 from January 22nd
1880, until paid at the rate of tx
! 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
j And,
Whereas, Security First National
Bank of Los Angeles, California, as