New-York tribune., 1920-10-19
LEGAL NOTICES

! for sa.e separately and as entirety as
hs sss 2 the fo0Mnf " part Of aT tos vi
OF the said decree and in Lot S of the de-
seriptive clauses hereof described. viz
All those certain lots, pieces or parcels
Of land with the buildings and improve
lnents thereon as situate. Iyng. and being
in the Clt.' and County of New YORK.
and bounded and described as follows
bEcfNHISG at point on the nortnerly 1
the Intersection OF the northeriy side OF
s5,h Street at tho westerly side OF Madi-
son Avenue and running thence westerly
along the northery sidc OF s5th street f5'.
thence northeriy parallel with Madison
Avenue 1o2' ." 10 the center line OF the block:
thence easterly along said center line Of
the block 75' thence soutnerly and pa rallei
With Madison Avenue io2' 2" to the place
OF beginning:
tP> The Special Master Will mex, offer
Tor sale separately and an entirety as
ana M M hs o, shs said al parses deSfes
and in Parcels and II hereof described.
and will note the highest bid therefo.
for sale separately and as an entirety as
paroel G. all Of The real property IN Parcels
and in Parcels X and L hereof described.
and shall the highest bid therefor.
tRl The Special Master Will next offer
q I. Article " Of the said decree decree and nd, IN
described, and Will note the highest bid
ES) The Special Master will next offer
for sale separately and an entirety as
Parcel s. all Of the real property in Lot 8
or Article VI OF the said decree and in
Lot Of the descriptive clauses hereof
described, aid Will nots the highest bid
therefor.
The present tenants Of the property in
said decree and In the similarly numbered lots
of the descriptive clauses hereof described shall
trade fixtures as this court m may hereafter
determine within thirty days after confrma
respectively
The property TO be SOLD may be inspected
oy INT intending bidders at the sale IS subject
cial Master may prescribe.
AMOUNTS OF DEPOSITS REQUIRED TO
QUALIFY BIDDERS, UPSET PRICES.
A. the conclusion of the bidding on each
parcel the highest bidder shah deposit with
he Special Master in Tespec, o, Parcel A
an amount equal TO five per cent OF his bid.
provded that any deposit made by bid
der on any parcel containing real property
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;
cells B. and D. the Special Master VII
except the bid or bids which give the high
est amount for the property In Lots and
Of the e. 1desseF,0tive s Giausss heTeof and Of
At The conclusion OF the bidding for Par
GELS f to inclusive, the Special Master
VIII cancel al the bids noted for such par
ceis except the bid or bids which give the
highest amount for the property in Lots
10 inclusive, Of the deso rptive clauses
hereof and Of Article VI of the said de-
cree described.
At the conclusion OF the bidding or Par
ceis TO K inelusiTe. n, Special Master
except the bid or bids whi,h gives the high.
est amount for the property in Lot Of
the descriptive clauses hereof and of Ar
t!cle VI OF the said decree described
In case any bid noted as aforesaid for
parcel which includes all of two or more
parcels snail equal the sum Of the bids noted
for such included parcels the bid noted on
higher.
The Special Master will Professionally ac-
cept all the BIDS noted which have not been
Cancelled as here.nbefore provided and will
report the BIDS 50 Professionally accepted 70
The court ,,he bidders making the same
oidders) except that in respect the
property included in Parcel a, II the bid
Of $500 900 the Spec al Master Will adjourn
he sale Of the properEy Included in sucr
parcel and VIII apply 10 the Court for further
instructions in respect thereto
Any deposit received from n unsuccessful
conclusion Of the bidding The deposit re.
ders viii upon confirmation hy the Court
of his Oh, their bid Be applied on account of
In case any successful bidder upon the
! ACCEPTANCE q his bid snail fan to comply,
entry thereof with any order OF this Court
requiring or relating 10 the payment Of the
der shah he '0rfeited a a penalty for such
failure, and shall he applied to the payment
q lhe expenses Of a resale. and toward
making good any deficiency loss IN case
/ the property IN respect Of which such sue
cessful bidder shall make default shall be
sold at .sss price such resale. and to
such other purposes as this Court may
The Court reserves the righe to confirm
or reject any or ell bids Professionally ac-
eeptsd by the Special Master. and upon the
firm or reject such bids in respect TO each
parcel offered for sale hereunder
confirm any sale. the deposit made b., any
successful bidder such sale VIII there
upon be returned TO such bidder.
PAYMENT Ply PURCHASER
Upon the confirmation of any sale. the
purchaser shall make such payment or pay
ments in cash and or in such other man
ner ana hy the use Of such purchase money
Of 'he purchase price as the Court may
rom time 70 time direct upon notice 10 the
PParles Pads to This foreeosuFs @ ssuss provded
chaser shall not be required TO pay more
than 80 per cent OF the purchase price IN
gage running for not to exceed three years
at &c per cent per annuIn for the balance.
Inc court reserves the right 10 retake
and resell, upon such notice as the Court
may direct any property sold to any pur-
chaser IN case such purchaser shall fail or
omit to make any payment account OF
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
20 the application OF the purchase money
nor be ans"erable in any manner whatso-
ever for any loss. rnisapplication or non
application Of any such purchase money or o,
any part thereof.
DIsAvOWAL OF CONTRACTS AND RE.
LECTION OF PROPERTY BY
PURCHASER.
Any purchaser OF the property here!nbesore
described, or cf any parcel thereof and
whether OF 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 o,
the property purchased by him, or within
such additional period the Court may
hereafter by its order decree permit. 10
or contract made by the defendant Railways
Company, which Is part OF the property
/ embraced In such deed or Instruments OF
/ conveyance or transfer. Such election shall
be made by instrument in writing. signed
by the said purchaser and shall contain
general description Of the contracts or leases
which he elects not to assume or adopt, and
shall be filed with the Clerk OF the District
Court of the United States for the Southern
District OF New York within the aforesaid
piFatioQ Of said period shall be deemed
10 conclude the purchaser in respect OF such
I election, and upon the Aling OF such cleo
ton said purchaser shall be deemed not 10
or leases or rights therein described nor TO
he bound by the obligations Of said con-