AGEE, J.
Plaintiffs are the owners of a promissory note executed by defendant corporation and secured by a third deed of trust on real property improved by a 72-room motel. Defendant failed to make payments due under said note for the months of February, March, April, May and June 1964. Defendant was also in default under the first and second deeds of trust.
On June 8, 1964 plaintiffs filed and recorded a notice of default under their third deed of trust....
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