New-York tribune., 1920-10-15
LEGAL NOTICES

for sate separately and as an enfirs.Hes
tho real T. property .oe ro'0m'nf IN par Or por,
of the said decree and In Lot Of ~ "
scriptiye clauses hereof described. viz Wy ~
of land noss St Setisn ,he bsnpP. lGs pieces Or pa
rnents thereon as situate. lying and sa
in the City and County OF New yssx
and bounded and described as foo,..of
BEGfNSfsG at a point on the po1s,
side OF S5th Street 1i5' westerly s.r1
the Intersection Of the northeriy ~. a.sen "a
son 18th street street at ~ the wssserly side Of Mad
along the northeriy side Of s5th s,rss, ~
thence northerly parallel with xss..s.
Avenue 1902, 2" to the center line n, ,h.sesssoa
thence eastcriy along said cent?, 'I s,ocx o.ocx
the block 75'. thence southerly and n-.rnT -
with Madison Avenue 1922 2" 10 ths a,..i ~
OF beginning: %tA
and will note the highest bid thereto,
(P) The Special Master viii nsy,
for sale separately and as an entir.,sns WEE
Parcel z, all Of the real property in p.r..n .
and N Of Article XII Of the said c.es,,. css,
and VIII note the highest bid therefor
tQ The Special Master will nsr, 49,.
for 10, sale separately and as an entirety !,
and L Of Article XII Of the said S.Ssss Ssssss
and IN Parcels X and / hereof descr.bss
and shall note the highest hid therefor.
for sale separately and an entirety :.
Parcel r, al Of the real property in L.. =
Of, Asticls " H. Of The said deere. and Il
described. and VIII note tho highest ~
therefor. VIC
go The Special Master viii ner- ~.
Tor sale separately and as an entirety :.
OF Article VI OF the said deere. ans 4.
Lot of the descriptive clauses hs-... -.
described. ahd Will note the highest "a
therefor. o's
The present tenants Of the properly >,
Lots 2 3. 4. s. S, and OF Ar,lele VI Of n.
said decree and in the similarly numbered or,
nf hn fpsf Inf st1
be entitled to remove therefrorn .n~h
trade-fxtures this Court may hersss.n.
determine within thirty days after consrns.
tion by this Court OF the sale Of said los,
respectively. wa
The property TO he sold may Be inspsc,.a
by intending bidders az the saie sob5ec,
TO such reasonable regulations as the sn.'
cial Master may prescribe.
AMOUNTS OF DEPOSITS REQUIRED N
QUALIFY BIDDERS. UPSET PRICES
Al the conclusion OF the bidding On 49,,
parcel the highest bidder shall depo.it ,rt,s
the Special Master In respect OF Parcel
$4,000. and IN respect OF all other parrsis
an amount equal to FIVE per cent Of his SIS
provided that any deposit made by IA.
der on any parcel containing real prons-rv
all of which is included In another psrce.
in the event he is the highest bidder n.
such other parcel, may be applied on ae
count of the deposit required for such Other
parcel.
At the conclusion Of the bidding on p.,.
cells B, c and d. the Special Master win
cancel ali the bids noted for such pare.s
except the bid or bids which give the high
OF the descriptive clauses hereof and Of
Article w OF the said decree described
AT the conclusion OF the bidding for Par.
cells E to q inclusive. the Special Master
VIII cancel all the bids noted for such par
cells except the bid bids which give rhs
highest amount for the properly in Lots 1
hereof and of Article VI Of the said de-
cree described
At the conclusion of the bidding on Par.
cells ] to inclusive. the Special Master
win cancel all the bids noted for such parcels
except the bid OF bids which gives the high.
est amount for the property in Lot 0.
ticle VI OF the said decree described.
In case any bid noted as aforesaid for
parcel which includes all OF two or mors
parcels shall equal the sum of the bids noted
for such included parcels the bid noted on
such inclusive parcel shall be deemed the
higher.
The Special Master will Professionally &C.
cept all the bids noted which have not been
Cancelled as hereinbefore provided. and will
se eovF ,ns hs So accepted ,ss 70
being hereinafter referred 10 as successful
bidders): except that in respect to the
therefor shall not equal or exceed the sum
OF $4,000. 900 the Special Master will adjourn
the sale of the property included in such
parcel and will apply to the Court for furthe.
instructions IN respect thereto.
Any deposit received from unsuccessful
bidder will be. returned 10 him upon the
conclusion of the bidding. The deposi, re.
ceived from the successful bidder or hid
ders will upon confirmation by the Court
OF his or their bid be applied on account Of
ny In case any s successful 1 G9si bid9er upon tn.
acceptance OF his bid shall fall TO comply.
within the period of twenty days after the
entry thereof with any order OF this Court
requiring or relating to the payment Of the
balance Of the purchase price. then the
mo moneys sys deposited by such successful bid.
failure. and shall be applied TO the payment
OF the expenses OF resale. and toward
making ma good any deficiency or loss IN cass
cessfui bidder shall make default shall BE-
sold at less price on such resale. and 20
such other purposes as this Court may
The Court reserves the righ, 10 confirm
or reject any or all bids professionally sc-
coming in of the Masters report will con-
firm or reject such bids in respect 10 each
parcel offered for sale hereunder.
If the Court shall deny an application 10
confirm any sale. the deposit made by any
successful, bidder at such sale will there.
upon be returned to such bidder.
PAYMENT by PURCHASER
Upon the confirmation OF any sale. the
purchaser shall make such payment or pay
ments in cash and / or in such other
ner and by the use OF such purchase money
mortgage or other securities account
OF the purchase price as the Court may
from time 10 time direct upon notice 10 tue
parties TO this foreclosure cause. provided.
however. that as to each Parcel the Pur-
chaser shall not be required 10 pay more
than 30 per cent OF the purchase price IN
cash and may give purchase money mort
gage running for not to exceed three years
at s per cent per annum for the balance
and resell. upon such notice the Court
may direct any property sold TO any pur-
chaser in case such purchaser shall fail or
the unpaid balance Of the purchase price
within twenty days after the entry Of the
order requiring such payment.
A purchaser shall not be required to see
TO the application OF the purchase money.
nor be answerable in any manner whatso-
ever for any loss. misapplicatlon or non.
application OF any such purchase money or s
any part thereof.
DISAVOWAL OF CONTRACTS AND RE.
LECTION OF PROPERTY BY
PURCHASER.
Any purchaser OF the property hereinbefcrs
described. or Of any parcel thereof. ana
whether not he has exercised or used
any rights Hereunder. shall have the right:
within six months after the delivery OF
the deed other instruments Of convey.
ance or transfer by the Special Master OF
the property purchased by him. or within
hereafter by its order or decree permit. 70
elect not to assume or adopt any lease
or contract made by the defendant Railways
Company. which Is part OF the properly
embraced IN such deed or instruments ct
conveyance or transfer. Such election shal!
DO made by instrument in writing. sienea
by the said purchaser and shxil contain
general description of the contracts or leases
which he elects not to assume or adopt, ana
shall be fled With tho Clerk Of the Distr,cs
Court OF tho United States for the Southern
Of Now York within tho Aforesaid
period. No user OF rights. prior to the ~:
piraticn OF said period shall DO deemed
to conclude tho purchaser in respect Of such
election, and upon tho nling Of such elsc-
tion said purchaser shall be deemed mol =
have assumed or adopted tho said contrsoIs
or leases or rights therein described nor 70
be bound by tho obligations OF said coz.