New-York tribune., 1920-10-26
LEGAL NOTICES

scrptive clauses hereof described. Nh: -
All those certain lots: pieces or pareei'
Of land with The buildings and impr'se-
nenis thereon as situate. lying and bong
IN The cit. and County Of New Yois.'
srd bounded and described follows
side Of s5,h street 49, westerly ffc-;i
ihe Intersection OF The northsriy SIDE 90
S5th Street at the westerly siue Of Mac
son Avenue and running thenoe westeriy
along The northerly side OF 85th street -.
thence northerly parallel with Msdison
Avenue lo2' 2" to he center line Of the block.
thence easfcrly along said center line -
the bIock 75'. thence southsrly and parallel
With Madison Avenue l02' 2" 10 the place
OF beginning.
and VIII note the highest bid therefor
tP) The Special Master will neat o~e-
Parcel p. ali OF the real property in Psrceis
and in Parcels and VI hereof described. :
and vi note the highest bid therefor. -
90 The Special Master Will next Offer
for sale separately and az an entirety =.
Parcel Q. all Of the real properly n Parcels
and L of Article XII OF the said deeres
and in Parcels X and l. hereof deserltel.
and shall note the highest bid therefor ..
CR) The Special Master VIII mex Offer
Parcei R. al Of the real property pc in 10.
Of Article VI of the said decree and ~
Lot 5 ot the descriptive clauses hereot
descfloed and Will note the highest BID
therefor.
ts) Tn, Special Master will next Offer
for sale separately and entirety az
OF Article VI OF the said decree and in
Lot OF the descriptive clauses hereof
therefor.
The present tenants of The proper.y "A
Lots ?. 3 4 ). 6. and Of Article " of he
said 6ecree and in the similarly numbered ofs
! Of tho descriptive clauses htreof described sh@
be entitled 10 remove ,heretron such
| determine within thirty days after oonAirrs-
ton by this Court Of the sale Of said lots ,
respectively
The property to be 500 may be inspected
by intending bidders the sale. subject
10 such reasonable regulations as the spe-
clal Master may prescribe.
AMOUNTS OF DEPOSITS REQUIRED TO
QUALIFY BIDDERS. UPSET PRICES.
parcel me highest bidder shall depos, WITH
me Special Master in respect OF Parcel 4
an amount -qual to i've per cent of his biS
provided that any deposit made by BIDS
de, der o. on any parcel containing Feai propcrA
In the event he is the highest bidder tor
count OF the deposit required for such oiher
parcel
81 At The conclusion .: the bidding on PaT,
cancel all The bids noei for sach fI' pa rceIs
except the bid or bids which give the hgh~
est - amount for the property in Lots and
Article VI OF the said decree described.
Al the conclusion of the bidding Tor Far
will cancel all the bids noted fcr such par
cells except the bid or bids which give the
nshes' To- nesgTs sSqn fer The he pronsFy in os
hereof and OF Article VI of tho said de-
cree described.
At the conclusion Of the bidding on Par
will cancel all the Bids noted for such parc~'s
except the bid or bids viii h gives the II sh-
the descriptive clauses Hereof and CT Ar
,cie VI Of the said decree described.
In case any bid noted aforesaid for a
parcel which includes all Of two or more
parcels shall equal the sum Of the bids noted
/ for such included parcels the bid noted
such inclusive parcel shall be deemed ths
eept all the oids noted which have not been
cancelled as herenhefore provided and VIII
the cour, the bidders making the sams
being hereinafter referred TO as successful
property included in Parcel A. If the Md
therstor shall not eqna! or exceed the sum
Of s2.5Qo 900 the Special Master viii adjourn
parcel and VIII apply 10 the Court for further
instructions IN respect thereto.
-, Any Any deposit received from an unsuccessful
conclusion Of The biddlrg The deposit ~
celNed from tho successful bidder htd-.
Of his or thcir bid hs app;ird on account o.
the purchase price of the property.
IN case ors any az suecessfp zee hiier upon no
within the period of twenty DAYS after the
ba!ance Of the purchase price, then ths
moneys deposited hV such successful bid
ier shall be |orfeited a penalty for suc,,
failure and shall be applied to the payment
Of. OF the ne eNpsnses e1 Of resale and toward
the property in respect Of which such sue
cessful bidder shall make default shall he
direct
The Court reserves the right to confirm
Ceptei by the Special Master. and upon .hs
coming in of the Masters report viii con-
/ firm or reject such bids in respect TO each
parcel offered for sale hereunder
II the Court shall deny an application 70
s9nngs any nSa sa@ the deposit mad by any
upon be returned to such bidder
PAYMENT RY PURCHASER
Upon the confirmation Of any saie. n.
purchaser shall make such pawn NJ or nav-
I nents in cash and or in such her rna9-
ner ani hy the use of such pn4cnase money
mortgage other securities on account
/ Of The purchase price the Court MAJ
parties to this foreclosure caise provided
! however, that as to each Parcel The Pur-
han 30 per cent Of the purchase price In
cash AMI may give a purchase money mort
at per cent per annum for the balance
The Court reserves the right to retaks
may direct. any property sold 10 any pur-
chaser IN case such purchaser shall fan or
omit 70 make any pa; ment on account Of
within twenty days after the entry Of tho
order requiring such payment
4 purchaser shall not lie required 10 see
to the application Of the purchase money.
4 nor be ansnerahe ia any manner Whatsc-
ever for any loss misapp icat.on or non
application Of any such purchase money or c.
any part thereof
DIsAVoWAL OF CONTRACTS AND RE-
JECTlO. or PROPERTY BY
PURCHASER
Any purchaser OF the property hercinbe,3r,
described, Of any parcel thereof and
whether not he has exercised or used
any rights hereunder. shall nave the right
within six months after the delivery Of
the deed or other Instruments OF convey
The property purchased by him. or .v!thn,
such additional period the Court may
hereafter by its order decree permit 70
elect not 10 assume adopt any lease
or contract made by the defendant Railways
/ Company which is part Of the properly
conveyance or transfer. Such election shall
be made by instrument in writing signed
by the said purchaser and shall contain a .
general description OF the contracts or leases
which he elects not to assume adopt ami
shall be filed with thu Clerk OF The District
Court Of the United states for the Southern
District OF New York within the aforesaid
period No user of rights prior 10 the ex-
piration Of said period shall be deemed
10 conclude the purchaser in respect O, such
election, and upon The filing Of such cleo
ton said purchaser shall b. deemed not a
have assumed or adopted the said contracts
or leases or rights therein described nor 70
be bound by tho obligations If said con.
tracts or leases provided however that snch
# election shall not entitle the said uu.-
chaser to any reduction in The amount O.,
ihe bid made al said sale or IN amounts