New-York tribune., 1920-11-09
LEGAL NOTICES


to) The Special Master VIII . n.xt Offer
Parcel o. the following part or portion 9s
the ,res, properly in Lot OF A.tisls M AZ ~
scriptivs clauses hereof described viz.
All those certain lots. pieces or parcels
OF land with the buildings and lmpsoYsJ
in tho Cit and County OF New YORK
and bounded and described as follows
side Of s5:h al street. R0' ." wesey as fo
the intersection Of the noriheriy sise 9r
s5tA Street a; the westcrly side OF Madi-
Avenue and running thence westerly
along the northerly side OF s5th street I5':
thence northerly parallel with Mad son
/ Avenue lt2f ?" TO tho center line or the oiocns
thence eastory along said center Ilae 05
the block 75', thence southerly and parallel
with Madison Avenue 1922 2 10 the place
! OF beginning:
and VIII note the highest bid therefor.
tP) The Special Master VIII next o'er
for sale separately and entirety as
Pa5Gel a. a. .t the real Psopry m ,. n f1ssss rs
and IN Parcels and II hereof described I.
and Will note the highest tii therefor.
90 The Special Master vii next o7sr
Par7el Q. ali C the real properly IN Psrcels
X and Of Article XII Of tho SAID decree
and IN. IN Farceis and / M hsreSs essSed'
C;) The Special Master viii next orsf
FOR sale separately and as an entirety as
Of Arce AZ " 81 Of me he ee' bee IN aaS 30 n
Lot or the descriptive clauses hereof
described AMI VIII note the highest ID
50 The Special Master Will next offer
1or sale separa ately and as an entirety ss
Of sTIs AI,ss s al OF me =. se"! pT09sTy s IN 9i y
Lot Of the descriptive clauses hereot
described. AID VIII note the highest BID
The present tenants OF the property IN
LOIS 2. 3. 4. 5. s; and q Article y q ,hs
OF hedescrptivc clauses hereof described shaI
De sntitled a, to Iemovs theretrom sgca
determine within thirty days after confrIna-
tion by this Court OF tho sale OF SAID io.s
respectively.
The property 90 be sod may re inspected
by lntendlng bidders a tHe sale. sub ecr
TO such reasonahle regulations as the spa
c!al Master may prescribe.
AMOUNTS OF DEPOSITS REQUIRED TQ
QUALIFY BIDDERS. UPSET PRICES. '
Al the conclusion OF the bidding On each
parcel highest bidder shall deposi, wlth
The Special Master in respect OF Parce! A
$4,000. and in respect OF all other parcels
an amount equal to i've per cent of h4s ia.
provided that any deposit made ~ a IL
der any parcel containing real property
All OF which Is included in another .paresl-
In the event he is the hishest bidder for
such other parcel. may be applied on ac|
count OF the deposit required for such otner
parcel.
At the conclusion of the bdding on far--
encs eeis D. &C s and % the Special ed Mss;sr " y
except tho bid or bids which give the highs
est amount for the properly in Lots and
5 or me descriptive clauses hereof and Or
Article VI OF the said decree described.
} At the conclusion OF the bidding FOR Par
GELS + to q inclusive, the Special Mas sr
win cancel all the bids noted for such par
cells except the bid bids which givs ths
highest amount for the properW n i.ots =
: hereof and Of Article VI OF the said ds-
cree described.
At the conclusion OF the bidding on PAr-
VIII cancel all the bids noted for such pare ella
except the bid or bids whi,h gives he hign-
the i descripsle clauses l,' 3 fsreot ana Of Ar,
ticls VI Of the said decree descrih =.
In case any bid noted as aforesaid for g
, parcel which includes ali 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 lie deemed tha
higher.
The Special Master VIII Professionally ac-
: cept all The bids noted which have not heen
Cancelled hereinbefore provided. and wiz
I the court .the Bidders making the samo
j being hereinafter referred 10 as successfa
properly included in Parcel A. If he va
therefor shall not equal or exceed the sum
Of s250o.Oo0 he Special Master VIII adjourn
ihe sale OF the property Included ID such
parcel and Will apply TO the Court for further
instructions in respect thereto
Any deposit received from an unsncccsstlt
: conclusion of the bidding The deposit re-
4 ceiVed from the successful bidder OF hla-
Of his or their bid be appise on aetoant of
the purchase price OF the property
r In case any, successful hialer upon ths
s within the period Of twenty days after the
5 entry thereof with any order of TINS Court
d requiring CT relating to the payment OF tha
balance OF tho purchase price. then tbs
r moneys deposited by such successful hil-
$ der shall re .orIeited as penalty for such
8 OF the expresses expo Of a resale, and toward
i making good any deficiency or loss IN ASA
cessfu bidder shall make default shall ia
sold at less price such resale. and "a
-t1sh nfh har
direct.
The Court reserves the right 70 connrn,
epted y %hs hs peaa ss Maslr ana @o sb.
coming in of the Masters report Will con-
3 firm reject such bids in respect to ea ts
! parcel offered for sale hereunder.
If The Court shall deny an application "a
\ confirm any sale, the deposit made hy any
- successful bidder al such sale VII there's
upon be returned to such bidder
= PAYMENT BY PURCHASER
I Upon the confirmation OF any sale the
L purchaser shah make sr,h paynent or pay-
: ments in cash and IN such other mans
ner and by the use Of such }ure hase money
> mortgage or other securities on eoin-
: OF the purchase price as the Court may
n from time to time direct upon notice TO ne
however. that to each Pa a. The f'ur-
e ehaser shall not be Ieqair,i TO pay nors
n than 30 per cent Of the purchase prize n
I cash ana may give a purchase money mort-
E sage running for not to eNo eea ihtee cars
{ Al per cent per annum for the haianse
n The Court reserves the right TO iofaka
e and resell, upon such notice as Tho Court
n may direct any property sold 10 any pur-
y chaser in case snch purchaser shall fail Or
q omit to make any payment on account e
= the unpaid balance of the pnr hase prcs
= within twenty days after he entry OF ina
order requiring such payment.
a purchaser shall mot te required 20 s.a
It 70 the application Of the pnr. base money.
& nor be aIsN~rahls IN any manner whatso-
n ever for any loss. inisapplicatlon or non
% application Of any such purchase money or <
lie any part thereof
H.. DIsAvOwAL OF CONTRACTS AND RE-
>, LECTION OF PROPERTY BY
& PURCHASER
Any purchaser Of The property hefc.alefors
~ described. CT Of any pa1' r thereof. II
, whether or not he has exercised i..el
5e any rights thereanier. shall have iae r.shr.
=, within six months AFTER the deliver {
-. the deed or other Instruments OF eoaeey-
: ance transfer by ths SPECIAL MAST o-
=, the property pure hased hy AIN. cr w-hin
- such additional period as The Court may
~ here After by lts order decree permit. n
s elect not TO assume or adopt any lease
- or contract made ~ the Defendant RaNwa $
y Company, which is part If the proper y
embraced IN such deed or Instruments 4