Blitz v. Moran

On February 6, 1894, Simon Blitz made his promissory note to Amedee D. Moran for $3,000, due in five years, with interest at 8 per cent, per annum, payable semi-annually; and, to secure the payment of the note and interest, executed to Charles Hallowell a deed of trust conveying to him, as trustee, certain real estate which it described. The deed of trust empowered the trustee, in case of default by the maker in the paj^ment of the note, or interest, to sell the property in the manner prescribed in the instrument, and execute a deed to the purchaser, and, after payment of the expenses of the…