East Oregonian : E.O. (Pendleton, OR) 1888-current, 1912-08-10

pOsit 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 in case after acceptance by the
Special Master said bidder or pur-
chaser shall fail to 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
a penalty for such failure and nom
compliance and be applied to ward the
expenses of a resale and for making
good any loss or deficiency in case of
sale at less price than at the pri-
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 If 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 heeu 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
. 3. =
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 shalt
I deliver all of the premises sold and
all of the property mentioned or de-
scrfbed in said decree which may then
be in their possession, including ALI of.
the interests, incomes, profits, bills
and accounts receivable. cash and,
other property in rs 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 /. 1905, subject always to, and.
| jurisdiction OF said cause is retained
and held by the Distri7 Court Of the
United states for the District OF Ore
gon to more effeCtuallY carry out alh
the terms of said decree, and the court
| reserves the right TO take ana 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-
Nu'red under said decree or fail To
| pay any balance of the purchase price
remaining unpaid, ANA 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 G. BRISTOL,
of Portland, Oregon
Solicitor for Complainant.