East Oregonian : E.O. (Pendleton, OR) 1888-current, 1912-07-20

with the clerk thereof, taking his re-
ceipt therefor, and said receipt may
likewise be deposited in lieu Of said
bonds with said Master and the de-
posit received from any such bidder
II the property shall be struck down
10 him, shall be held and applied on
account OF the purchase price thereof
for which the bid was made; but in
the case Of any unsuccessful bidder
or one bidding TO whom the property
| Is not struck down, and he has made
q deposit, the same shall be returned
TO him when the property shall have
/ been sold, and If the court shall not
Iconfirm the sale for which the depos-
! IL shall have been made, then the de-
/ post shall be returned TO the bidder
and In case any bidder or purchaser
shall fail TO make good his bid upon
! its acceptance by the SPECIAL Mas
! ter or i'm case after acceptance by the
Special Master said bidder or pur-
chaser shall fail 10 comply with any
order OF the court relating to the pur-
chase of the property to be made In
the premises, then the sum In cash or
bonds deposited shall be forfeited as
penaky for such failure and non
compliance and be applied toward the
expenses of resale and for making
good any loss or deficiency in case of
sale at a less price than at the prl-
or sale. Any purchaser may satisfy
and make good any part of his bid
not required to be paid In cash, by
turning in to be cancelled or credited
any bonds or coupons payable out of
the proceeds upon distribution there
Of. and receive credit therefor on ac-
count of his bid with such sums as
would be payable on said bonds and
coupons on the purchase price II the
whole amount thereof had been paid
! in cash. and a receipt from the clerk
of the court that he holds bonds as
therein described subject to the or
der of the party in the receipt named
shall be by the Special Master accept
ed and received in lieu of the bonds
as a deposit at the time Of sale and
on account of the payment of the
purchase price Of like force and effect
as though the bonds had been them
selves delivered. And the said pur-
chaser shall take and receive all of
the property purchased, subject to the
performance by him or his successors
or assigns Of all pending contracts in
respect thereof lawfully made by
| Oregon Land and Water Company or
| by the receiver or receivers and or
by or impressed upon the same by or
der of court.
Within thirty days after the max
! ing of said sale, the purchaser or
purchasers shall pay or cause to be
paid oil of the balance of the sum bid
for said property over and above the
deposit applied thereto, and complete
the entire transaction, and upon such
payment the purchaser or purchasers
shall be entitled to receive a deed
from the Special Master and be let
into possession of the property, and
upon the execution and delivery of the
deed the receiver or receivers shall
deliver all of the premises sold and
all of the property mentioned or de-
scribed in said decree which may then
be in their possession, including all of
| the interests, incomes, profits, bills
and accounts receivable, cash and
other property in its then condition
then held and as received by the re-
ceivers in the management and oper-
alton of the premises embraced in
said mortgage or deed of trust Of
March /, 1906, subject always to. and
! jurisdiction of said cause is retained
and held by the District Court of the
United States for the District of Ore
gon to more effectually carry out all
the terms of said decree, and the court
reserves the right to take and resell
the property in case any purchaser or
his successors or assigns shall fail to
comply with any order of the court
in respect of the matters lawfully re-
qured under said decree= or fail to
pay any balance Of the purchase price
remaining unpaid. and this it may do
at any time within thirty days after
the service of a copy OF the order then
TO be made
w. r. WALPOLE, JR..
Special Master.
WILLIAM c. BRISTOL,
of Portland, Oreg.n
Solicitor for ComDlainant