The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-26
LEGAL NOTICES.


the city and County, Of New York. anal
PEGINNINoi at a point on the northeriy
side OF S5tli Street. 155' westerly from
The intersection OF the northerly side ofI
Ssih Street at the westerly side OF Madl-
son Avenue and running thence westerly
along the northerly side OF 65th Street 10
thence nor,herly parallel with Madison Ave-
nue. 1922 ." 10 the center line OF the block,
thence easterly along said center line oe
the block 7p' thence southery and parallel
with Madison Avenue los' 2" to the place
and will note the highest bid therefor.
P) The Special Master win neHt offer
for sale separately and as an entirety a.
Parcel r. all of the real property In Parcels
and NJ OF Article XII OF the said decres
and WIN note the highest bid therefor.
to) The Special Master VIII next offer
Tor sale separately and "a an enurety -
X and L OF Article XII OF the said decres
and In Parcels X and l. hereof described
R a The no's ss Tnsst p'a viii neUt offer
LOT snie separately and az an entirety NJ
Parcel Z, AL OF the real Foperty IN 10, .
OF Article VI OF the said decree and In Lot
OF the descriptive clauses hereof described.
and will note the highest bid therefor.
CS The Special Master will next offer
Parcel 8. all of the real property In Lot =
OF Article vi uf the said decree and In Lot y
OF the descriptive clauses hereof described
and VIII note the highest bid therefor.
The present tenants OF the property In
Lots .. 3. 4. 8, g, and OF Article vi
OF the said decree and in the similarly num-
bered lets Ct the descriptive clauses hereo:
described shall be entitled to remove there
from such trade-fixtures as this Court may
heres fter determine vishsr f.trty deys after
confirmation by this Cont OF the sale OF
said lots respectively.
The property 70 be sold may be inspected
by intending bidders at the sale, subject
10 such reasonable regulations as the Specisi
Master may prescribe. -
AMOUNTS or DEPOSIT REQUIRED TO
Al the conclusion OF the bidding on each
parcel the highest bidder shall deposit with
s., 600 and In respect OF all other parcels
an amount equal to five per cent OF his bir.
provided that any depos made by oia-
der on any parcel containing real property
all OF which Is included In another parcel.
IN the event he is the highest bidder for
such other parcel. may be applied on ac-
count of the deposit required for such other
parcel.
At the conclusion OF the bidding on Par
al ana the hots spes oa sSoh %
except the bid or bids which give the high.
est amount for. the property In Lots ana
. Of the descriptive clauses hereof ana OF
Article VI OF the said decree described.
AZ the conclusion OF the bidding for Far
GELS cell, y to G Inclusive, the Special Master
GELS except the bid pr bids which give the
highest amount for the property In IL Lots OTIS.
TO inclusive, OF the descriptive. clauses
hereof and OF Article VI OF the said de-
cree described.
AT the conclusion OF the bidding on Tar
cells to inclusive. the Special Master
Will cancel all the bids noted for such parcels
except the bid or bids which gives the high
est amount for the property. in Lot, Of
the descriptive clauses hereof and OF Ar
ticle VI Of the said decree described.
In case any bid noted as aforesaid for
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.
Tho cnccia, Nf,s+ar ,,;i nrovisionallv oc-
Sept eiiethe bids noted which have not been
cancelled as heretnbefore provided. and VIII
the court che bidders making the same
being hereinafter referred 20 as successful
bidders); except that in respect TO the
property included In Parcel A, II the bid
therefor shall not equal or exceed the sum
OF 81 900 the Special Master Will adjourn
the sale of the property included In such
parcel and will apply to the Court Tor fur-
Their Instructions In respect thereto.
Any deposit received from an unsuccessful
bidder Will be returned to him upon the
conclusion Of the bidding. The deposit re-
ceived from the successful bidder. or bid
ders viii upon confirmation by the Court
OF his or. their bid be applied on account OF
the purchase price OF the property.
In case any successful bidder upon the
acceptance OF his bid shall fall to comply.
within the period of twenty days after tho
entry thereof. with any order OF this Court
requiring oI relating to the payment OF the
moneys deposited by such successful bidder
shall be forfeited as a penalty Tor such fall
ure. and shnll be applied 10 the payment OF
the expenses OF resale. and toward making
good any deficiency or loss In case the prop.
erty in respect of which such successful
bidder shall make default shall he sold at
less price on such resale, and TO such other
purposes this Court may direct.
The Court reserves the right 70 confirm or
ny tho Special Master. and upon the coming
In Of the Masters report WIN coht', IN .o or
reject such bids IN respect to each parcel
II the Court shall deny an application 20
confirm any sale. the deposit made Ivy any
successful bidder at such sale VIII thereupon
he returned TO such bidder
PAYMENT BY PURCHASER.
t.pon the confirmation of any sale, inc
purchaser shall make such payment or pay
ments In cash and Tor In such other nanner
mortgage or other securities on account OF
the purchase price as the Court may from
time 10 time direct upon notice TO the parties
10 this foreclosure cause, provided, however.
that us 10 each Parcel the purchaser shali
not be required to pay more ilan ~ per CRY CRY
Of the purchase price in cash and may give
n purchase money mortgage running Tor nor
10 exceed three years at O per cent per az
mum for the balance.
reyelI upon such notice as the Court may
direct, any property sold 70 any purchastvr y.
mako any payment on account OF the unpaid
balance OF the purchase price within twenny
days after the entry OF the order requiring
4 purchaaer shall not be required 70 ses
Co the application OF the purchase money
nor be answerable In any manner wha .oc-
,nn,irntion OF any such purchase money or
OF any part thereon.
DIsAvOwAI. OF CONTRACTS AND RE-
LECTION or PROPERTY BY
PURCHASER.
Anv purchaser Of the property hereinpefors
describ.d. or OF any parcel thereon, ana
'sa,hcr mr. not lie has exercised or used
anv rights hereunder, shall have the right.
within six months after the delivery OF
tho deed or other instruments or convey
ance or transfer by the Special Master or
Tho property purchased by him. or within
| beroa fter by It's order or decree permit. to
elect not to assume or adopt any lease
/ M contract made by the defendant Railways
| Conpany which IL part or the property
embraced in such deed or ins su,,n Q,
he made by instrument IN writing, signed
/ bv the said purchaser and shall contain
| general description OF the contracts or leases
""hich he elects not to assume or adopt. ana
! shali BIO filed with the Clerk OF the District
| court ~ the United States for the Southern
! roistrict OF New York within the aforesaid
neriod No user OF rights. prior 10 the ex-
I pirotion OF said period shall he deemed to
I conclude the purchaser IN respect OF such
said purchaser shall be deemed not 10
/ haya assumed or adopted the said contracts
~ leases or rights therein described nor to
/ he bound by the obligations OF said corr
.ncI election shall not entitle the said pur-
nh.ssr 10 any reduction IN the amount OF
,hs hid nnde ~ said sale In amounts to
~ maid as IN this decree psovided
/ -. purchaser OF the property described
e. This decree. or OF any parcel thereof.
/ shaii have the right to elect not 10 take
~ accent any par Of the property 40 sold
/ 20 such purchaser. by written notice 90 hi.