The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-29
LEGAL NOTICES.


side OF s5th Street. 145' westerly from
the Intersection OF the northerly side of
sou sorh street at the westerly side OF Msai,
along the northerly side OF sath Street 10 :
thence northerly parallel with Madison Ave
nue. 1O2' ." 10 the center line of the block,
thence easterly along said center line OF
with Madison Avenue lo2 2" to the place
and viii note the highest bid therefor.
lP) The Special Master VIII next offer
10 Tor sale Separately and as an entirety a.
Tarcel I. all OF the real property In Parcels
J and NJ OF Article XII OF the said decres
ana IN Parcels and NJ hereof described
ana VIII note the highest bid therefor.
lU The Special Master viii next offer
LOT sale separately and as an entirety as
areei 2 al 81 the real property IN Parcel srcs.
AnS IN Parcels X and l. hereof described
ana shall note the highest bid therefor.
for sale ine spessi Master VIII mex, Sis
Parcel Il. all OF the real property IN Lot
OF Article VI Of the said decree and in 10. >
or the descriptive clauses hereof describec.
and VIII note the highest p!d therefor
(S) The Special Master will next offer
ror sale separately and as an entirety as
or Article VI OF the said decree and In Lot 0
or the descriptive clauses hereof described
and WIN note the highest bid therefor. =
Inc present tenants OF the properly 70
Lots 2. 3. 4, o. 9. 7 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
hereafter determine within thirty days after
confirmation by this Court of the sale Q,
sait lots respectively.
The property 10 be sold may be inspected
oy intending bidders At the sale. s sjec,
70 such reasonable regulations as the SpeciI
Master may prescribe. M
AMOUNTS OF DEPOSIT REQUIRED TO
QUALIFY BIDDERS. UPSET PRICES.
At the conclusion OF the bidding on each
parcel The highest bidder shall deposit with
the Special Master In respect OF Parcel
$4,000 and I'm respect OF all other parcels
an amount equal 10 five per cent OF his BID,
provided that any dcpos'' made by bid
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 nc-
count OF the deposit required for such other
At the conclusion of the bidding on Par
cels u. g and ID. the Special Master VIII
cancel all the bids noted for such parcel,
est amount ' for Z the 'J property n Lots and
2f the descriptive clauses hereof and OF
Article VI OF the said decree described.
AZ the conclusion OF the bidding for Par
cells r TO G inclusive, the Special Master
VIII cancel all the bids noted for such par
highest amount for the property in Lots
TO inclusive, of the descriptive clauses
here hereof and Of Article VI Of the said de-
At the conclusion of the bidding on Par
cells TO inclusive. the Special Master
except the bid or bids BIDS which gives the high
est amount for the property In Lot 8 OF
ne descriptive clauses hereof and OF Ar
ticle vi OF the said decree described.
In case any bid noted as 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 professionally &C
cept all the bids noted which have not been
Cancelled as hereinbefore provided. and will
report the bids so professionally accepted TO
The court tthe bidders making the Sam,
bidders. except that In respect TO the
property included in Parcel A. II the bid
Of re- s n na u, not or exceed the
the sale of the property included In such
parcel and will apply TO the Court for fur
Any deposit received from an unsuccessful
bidder Will be returned to him upon the
conclusion OF the bidding. The deposit re-
ders will upon confirmation by the Court
OF his or their bid DO applied on account OF
the purchase price Of the property N,
acceptance OF his bid shalt fail 10 comply.
within the period of twenty days after thA
requiring relating 70 the payment OF tho
balance OF the purchase price. then tho
moneys deposited by such successful bidder
shall be forfeited as penalty for such fau-
ure. and shall be applied to the payment OF
the expenses OF n resale, ard toward making
good any deficiency or loss In case the prop,
bidder shall make default shall he sold at a
less price on such resale. and to such other
purposes this Court may direct
The Court reserves the right TO- confirm or
reject any or all bids professionally accepted
by the Special Master. and upon the coming
reject such bids In respect TO each parcel
offered for sale hereunder.
II tho Court shall deny an application 10
confirm any sale, the deposit made by any
successful bidder at such sale will thereupon
be returned 20 such bidder.
PAYMENT BY PURCHASER.
Upon the confirmation OF any sale, tbs
purchaser shall make such payment or pay
nents in cash and FOR In such other manner
and by the use OF such purchase money
mortgage or other securities ON account OF
he purchase price rs the Court may from
line 20 time direct upon notice TO the parties
% this foreclosure cause. provided, however;
hat as TO each Parcel the Purchaser shall
1ot be required to pay moro than 30 per cent
" the purchase price In cash and may give
purchase money mortgage running for not
% exceed three years AT q per cent per ~
lum foe the balance.
THE Court reserves the right 20 retake and
-esell upon such notice az TIM Court may
,Irect any property sold TO any purchaser IN
q se such purchaser shall fall or omit g
make any payment on account OF me unpaio
,aiancc OF the purchase price within twenty
lays after the entry Of the order requiring
a pnrchaser shall not be required to Sc.
n the application OF the purchase money,
,or be answernbIo in any manner whetso-
.ver for any loss, misapplication or non
OF any SUCH phrNhhoo AhohNs -
n any part thereof
OF CONTRACTS AND RE
LECTION OF PROPERTY BY
PURCHASER.
anv purchaser OF the property hereinbefore
described. or OF any parcel thereof. and
whether or not he has exercised or used
INV rights Hereunder, shall have the right.
E.ithin SIX. months after the delivery OF
ne deed OF other Instruments OF convey
,nce or transfer by the Special Master %
r,ch additional period as the Court may
,ereafter by its order or decree permit. to
.lect not to assume or adopt any lease
,r contract made by the defendant Railway.
-ornpany which n part OF the property
.mbraced IN such deed or Instruments OF
conveyance or transfer. Such election shall
30 made by instrument N writing. signed
10 the said purchaser and shall contain a
general description OF the contracts or leases
which he elects not 20 assume or adopt. and
hall be filed with the Clerk OF the District
district OF New York within the aforesaid
,eriod No user OF rights. prior 10 the ey.
,iration OF said period shall be deemed to
conclude the purchaser i IN respect OF such
aid purchaser shall be deemed not 20
ave assumed or adopted tho said contracts
r. leases or rights therein described nor to
" bound by the obligations OF said con
racts or leases: provided. however. thai
uch election shall not entitle the said pur-
haser 10 any reduction in the amount OF
he BID made a. SAC sac e- or ~ amounts 10
ANY purchaser OF the property described
n this decree, or OF any parcel thereof,
hail have the right TO elect not to take
= such purchaser. by written notice OF his
iectIon given 20 the Special Master at
NV time prior 10 the execution and delivery
4 the deed or other instruments OF convey
,rh election by n purchaser, his successor.
~ assigns, shall diminish or affect the pur-