The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-01
LEGAL NOTICES.


along the northerly side Of s5th street M .
thence northery parallel with Madison Ave
nue. lO2' ?" 70 the center line OF the nlocH;
thence easterly along said center line ot
the block 10, thence southerly and paralel
with Madison Avenue lo2' ." TO the place
of beginning:
ami viii note the highest bid therefor.
tP) The Special Master VIII next otisr
Tor sale separately and as an entirety as
J and NJ OF Article XII OF the said decree
and In Parcels j and ~ hereof described.
and will note the highest bid therefor
(Q The Special Master will next offer
for sale separately ana as an entirety -
Parcel O, all OF the real property IN ParcelS
x and !. OF Article XII OF the said decree
and shall note the highest bid therefor. . !.
tR( The Special Master win next oifer
To- Tor sale separately and as an entirety as
Of Article VI OF the said decree and In Lot ;
OF the descriptive clauses hereof descrlpec',
ans VIII note me highest pa naxs offer
for sale separately and as an entirety as
Parcel S. all of the real property In Lot
Of Article VI Of the said decree and In lsot.5i
of the descriptive clauses hereof descrioecs
and VIII note the highest bid therefor.
The present tenants OF the properly "a
Lots ., 3, :. 5. 6. and Of Article Va.
OF the said decree and in the similarly num-.
bered lots CT the dc scriptive clauses hereof.
described shall be entitled 10 remove there
from such trade fixtures as this Court may
hereafter determine within thirty days after
confirmation by this Court OF the sale o.
said lots respectively
The property TO be sold may be Inspected
by intending bidders the sale. subject
70 such reasonable regulations as the Special
Master may prescribe.
AMOUNTS OF DEPOSIT REQUIRED ~
QUALIFY BIDDERS. UPSET PRICES
Al the conclusion OF the bidding on each
parcel the highest bidder shall deposit WIN
the Special Master In respect OF Farcei y
81 600 and in respect OF all other parceig
an amount equal 10 five per cent OF his bid,
provided that any deposit made by bid
ne
all OF which is included In another parcel,
In the event be Is the highest bidder foF
such other parcel. may be applied on &C
count Of the deposit required for such other
parcel.
At the conclusion Of the bidding Par.
cells y, and r. the Special Master VIII
cancel all the bids noted for Nsuch parcels
except the bid or bids which give the high
est amount for the property in Lots and
Article VI of the said decree described.
At the conclusion Of the bidding for Par
GELS to q inclusive. the Special master
win cancel all the bids noted for such par
GELS except the bid or bids which give thr
highest amount for tho property In Lots
hereof and Of Article VI Of the said de
cree described. "a
st the conclusion of the hiddin: on Tar
GELS to X inclusive. the Special Master
will cancel all the bids noted for such parcel
except the bid bids which gives the high
est amount for the property In Lot 81
The descriptive clauses hereof and ~ Ar
ticle VI OF the said decree described.
In case any bid noted ms aforesaid for
parcel which includes all Of two or more
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 PROFESSIONALS &C
c"pt all the bids noted which have not been
Cancelled as horclnbeforc provided. and win
report the bids so professionally accepted, 70
the court tthe bidders making the samg
hcing hereinafter referred TO as successful
hidders): except that IN respect 70 Tho
property included in Parcel A. II the bid
therefor shall not equal or exceed the sum
OF 81 800 600 the Special Master VIII adjourn
the sale OF the property included IN ouch
parcel and will apply 20 the Court for 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
dtrs will upon confirmation 10y tho Court
Of his or their bid be applied on account Of
the purchase price Of the property.
acceptance of his bid shall fan TO comply,
within tho period of twenty days after che
entry thereof. with any order OF this Court
requiring OF relating to the payment Of the
balance Of the purchase price. then the
moneys deposited by such successful biddtr
shall he forfeited as penalty for such fab
ure. and shall DC applied 20 the payment ~
the expenses Of n resale, and toward making
good any deficiency or loss in case the prop.
crty in respect OF which such succesyfEl
bidder shall make default shall he sold az n
less price on such resale, and 30 such other
The Court reserves the right TO confirm or
reject any or all bids Professionally accepted
by the Special Master. and upon the coming
I'm OF the Masters report will confirm or
eject such bids in respect 10 each parcel
offered for sale hereunder. Ell
II the Court shall deny an application 70
confirm any sale. the deposit made by any
successful bidder at such sale VIII thcrcupon
be returned 20 such bidder. s.
PAYMENT BY PURCHASER. 81
Upon the confirmation OF any sale. tle
purchaser shall make such payment or pay
meuts I'm cash and /or In such other mannef
and by the use Of such purchase nlone.
the purchase price as the Court may from
time 20 time direct upon notice 70 the partieff
10 this foreclosure cause. provided, however.
that as 10 each Parcel the Purchaser shaii
not he required TO pay more than 80 per 49,
OF the purchase price in cash and may Civ
n purchase money mortgage running Tor no
10 exceed three years at per cent per ar
mum for the balance.
resell upon such notice as the Court may
direct, any property sold 20 any purchaser N
case such purchaser shall fan or onit "
make any payment on account oi t., l 49,, 100
DAYS after the entry OF the order requ'ruNi
r.,,rShaser shall not be required q" f'5f
a. .Sc ,nniiratIon OF the purchase none r.
nor be nns,yerable IN any manner whatN't
eyar for any loss. misapplication or no.
application Of any. such purchase MONEY :"
Of Of any yP P2rt fhe 6F CONTRACTS AND EE-
LECTION OF PROPERTY %
PURCHASER. 4
An. purchaser Of the property hereinbefors
da..rrueed or of any parcel thereon, au'.
,,bethcr or not he has exercised or usst
an Fights hereunder, shall have the rlBht.
,,itbin six months after the delivery q
tho deed or other instruments OF convey
arrc or transfer by the Special Master OK
tbe property purchased by him, or Withir
such additional period as the Court ma.
berea fter by us order or decree permit q
o1cc, NOT 10 assume or adopt any lease
or contract made by the defendant Hallway
comnanv which Is part OF the property
embraced IN such deed or instruments ~
co,,..vaurp or transfer. such election SNali
- ,,od. nv instrument IN writing. signed
h,, ,be said purchaser and shall contain
general description 81 the contracts or leases
ohich ne elects not 90 assume or adopt, and
sb,u ne flied with the Clerk OF the biStrlct
S,,rr+ ~ the United states for the Southern
rofe+rlct 81 New York within the aforesaW
neriod No user % rights, prior 70 the eNt
flratiou u said period shall be deemed 20
ranri,,ds tine purchaser iu respect or stcit
etnctton and upou the filing ~ such election
90 "a nurcbaspr shall be deemed NOT ~
have assumed or adopted the said contraciF
or leases or rights therein described nor
81 bound BY the obligations ~ said col
tracts or leases: provided. however. thf
surh election shall not entitle tue said pa
chaser 20 any reduction iu the amount
ne bid made ~ said sale or pa amounts
bs maid % - in this decree PROVIDED.
ANY purchaser of the property dcscr'
la this decree. or OF any parcel their
shall have the right 60 elect not 20 o.
or accept any part OF the properly 80
10 such purchaser. by written notice o.
election given 20 the Special Ma
any time rrior TO the execution and deli,
OF the deed or other instruments % cout
ancc or transfer by the Special Master
such election hy purchaser. hi, suceesst
or assigns shall diminish or affect fhe nt
chase price 20 I've paid by such purchase
THE deeds or in-trumcn's % conveyguce