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DECLARATION OF DEFAULT AND DEMAND FOR SALE Trustee Sale No. 8123-39 Loan No. NOTICE IS HEREBY GIVEN THAT: CHICAGO TITLE COMPANY. a California corporation, as the duly appointed or substituted Trustee, you are notified of a breach of and default in the obligations secured by that certain Trust Deed dated: 12/02/1980, EXECUTED BY (Original Trustor): MAGDALENO PEREZ AND ANGIE PEREZ, HUSBAND AND WIFE AS JOINT TENANTS Property Address: 2759 11TH STREET, RIVERSIDE, CA 92507 Recorded on 01/08/1981. Instrument 3204. Book 1981. PaQe 3204 of official records in the Office of the Recorder of RIVERSIDE County, California. Original Beneficiary: REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE BREACH AND DEFAULT HAS OCCURRED FOR NON-PAYMENT OF THE FOLLOWING: THE UNPAID PRINCIPAL BALANCE OF $6,500.00 DUE AND PAYABLE 12/0212000 TOGETHER WITH INTEREST FROM 06/01/1981 AT THE RATE OF 3% PER ANNUM. By reason of this default the undersigned, who hold(s) the beneficial interest, make(s) this declaration of default and elect(s) to cause the trust property to be sold to satisfy the obligations secured by this trust deed. Now owing, the unpaid sum of ~10.523.75. With interest from 06/01/1981 on the unpaid principal balance of $6.500.00 and all sums advanced or expended as per the terms of this Trust Deed, together with interest as provided. I/We hand you herewith the said trust deed and note ~ together with any assignments (No), substitution ~, and also receipts ~ for all sums advanced or expended and will further deliver to you all receipts for any additional sums advanced or expended. The undersigned hereby promise(s) and agree(s) to pay your trustee's fee in the amount permitted by law, together with all costs and expenses incidental to these proceedings. It is agreed and understood that you may not proceed with the sale and/or deliver your trustee's deed until all fees and costs have been paid. I/We also agree to pay on demand, as well as indemnify and hold you harmless from and against all costs, damages, attorneys' fees, expenses, obligations and liabilities of any kind which you may incur or sustain by reason of this default and foreclosure proceeding and/or the sale of the trust property by reason of any act of omission or commission on the part of others and the undersigned, for whom you are acting, as an agent. ",-j~ ..CI~~