The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-12
LEGAL NOTICES.


side of s5th Street. l45' westerly from
sshe Intersection Of the northerly side %
oOth street al the westerly side OF Mad
! son Avenue and running thence westerly
along the nOrtherly side OF s5th Street 10 !,
thence northeriy parallel with Madison Ave-
nue. 1922 ." 10 the center line OF the block,
| thence easterly along said center line OF
! inc block 10. thence southerly and parallel
witti Madison Avenue lO2' = 70 the place
( and will note the highest bid therefor.
1 ID The Special Master Will next offer
for sale separately and as an entirety as
J and NJ OF Article XII OF the said decres
and In Parcels ] and n hereof described.
and will note the highest bid therefor.
90 The Special Master will next offer
for sale separately and as an entirety ss
Parcel Q, all of the real property In Parcels
X and l. OF Article XII OF the said decree
and In Parcels X and hereof described
R) The Special Master viii next offer
for sale separately and az entirety as
Parcel y, all OF the real property IN Lot
OF Article vi OF the said decree and In Lot :
OF the descriptive clauses hereof described
and will note the highest bid therefor.
: 90 The Special Master viii next offer
Parcel S. all OF the real property IN Lot
OF Article vi of the said decree and an Lot
OF the descriptive clauses hereof described
AMI VIII note the highest bid therefor. .
The present tenants OF the properly 10
Lots 2. 3. 4. Z. O, and OF Article vi
of the said decree and IN the similarly num-
described shall be entitled 20 remove tnere-
from such trade-fixtures as this Court MAJ
hereafter determine within thirty days after
co.tirnatlon BY this Court OF the sale OF
SAT- lots respectively.
The property 10 be sold may be inspected
by intending bidders at the sale. supject
10 such reasonable regulations as the Speclei
AMOUNTS OF DEPOSIT REQUIRED TO
QUALIFY BIDDERS. UPSET PRICES.
At the conclusion OF the bidding on each
parcel the highest bidder shall deposN WIN
s5 600 and in respect OF ali other parcels
an amount equal to five per cent OF MS pia'
provided that any depos made BY DID
der on any parcel containing real properly
all of which IN included I'm another parcel.
In the event he is the highest bidder Tor
such other parcel. may be applied on ac
count OF the deposit required for such other
parcel.
At tho gnclusion OF the bidding on Par.
GELS - and p; the Special master r WI
except the bid or bids which give the hiEh
est amount for the property In Lots and
Ut the descriptive clauses hereof and OF
Article VI Of the said decree described
At the conclusion Of the bidding for Par
cells TO G inclusive. the Special Master
GELS except the bid or bids which give tha
highest amount for the property In Lots
hereof and Of Article vi OF the said de-
cree described.
At the conclusion OF the bidding on Par
GELS 70 n inclusive, the Special Master
will cancel all the bids noted for ouch parcels
except the bid or bids which gives the high
est amount for the property in Lot OF
ticle VI OF the said decree described.
In case any bid noted as aforesaid for
parcels shall equal the Of the bids noted
for such included parcels tho bid noted
such inclusive parcel shall be deemed the
higher.
cept all the bids noted which have not been
Cancelled as hereinbefore provided. and WIN
the court che bidders making the same
being hereinafter referred to successful
hidders) except that In respect to the
property Included In Parcel A, II the bid
therefor shall not equal or exceed the sum
OF $2.jOO,OO0 the Special Master VIII adjourn
the sale Of the property included in such
parcel and viii apply 10 the Court for fur
Their instructions In respect thereto.
Any deposit received from an unsuccessful
conclusion Of the bidding The deposit re-
ceived from the successful bidder bid
ders will upon confirmation by the Court
OF HIS their bid be applied on account o.
the purchase price OF the property.
In case any successful bidder upon the
acceptance or his bid shall fail TO comply.
within the period OF twenty days after fha
entry thereof with any order OF this Court
requiring o. relating to tile payment Of the
moneys deposited by such successful bidder
shall be forfeited as a penalty for such fall
urc, and shall be applied TO the payment OF
the expenses OF resale. ard toward making
good any deficiency or loss IN case the prop
erty in respect OF which such successfui
bidder shall make default shnll be sold at q
less price on such re7ale. and to such other
purposes this Court may direct.
The Court reserves the right w. confirm or
rc ject any all bids provisionally accepted
by the Special Master. ard upon the coming
I'm OF the Masters report VIII confirm or
reject such bids IN respect 20 each parcel
offered for sale hereunder.
II the Court shall deny application TO
confirm any sale, the deposit made ny any
successful bidder at such sale VIII thereupon
be returned 10 such bidder
PAYMENT Ky PURCHASER.
,ITpon the confirmation OF any sale. the
purcta-er shall make such payment or pay
mcnts IN cash and /or In such other manner
and by the use OF such purchase money
mortgage or other securities on account OF
the purchase price as the Court may from
time 10 time direct upon notice 20 the parties
TO tits foreclosure cause. provided, however.
that as 20 each Parcel tho purchaser shail
not be required 20 pay more than 20 per cent
~ five purchase price I'm cash and may give
a purchaso money mortgage running for not
10 exceed three years at per cent per an
The Court reserves the right TO retaie ana
resell upon such notice "a the Court may
c.ec such purchaser shall fail or omit %
mike any payment on account OF the unpaid
balance OF the purchase price within tw ,.s
Tavs fter the entry cf the order requiring
S's tgrShaecr shall not, be required 90 see
to the appn FdraSle IN any manner whStso.
ever for any loss. Interpretation or nom
apnlirntion OF any such purchase money or
Of any part Thereon.
D1SAVOWAL. or CONTRACTS AND RE
LECTION or PROPERTY BY
PURCHASER.
hrv purchaser OF the property horeinbcfors
dcscrfhed or OF any parcel thereof, ann
,vbether or not he has exercised or used
~ riuhts hereunder, shall have the right,
within six months after the oeliVery OF
,be deed or other Instruments OF convey
anca or transfer by the Special Master %
the property purchased by him, or within
s,cb additional period "a the Court may
hereafter by It's order or decree permit, 70
cleo, not 20 assume or adopt any lease
or contract made by the defendant kalways
company, which f. part or the property
ornbraccd IN such deed or Instruments ot
conyevance or transfer. Such election SHAH
hc made hy instrument In writing signed
-. ,No an I'D purchaser and shall contain
ssg,eral description OF the contracts or leases
Lau no filed with the Clerk OF the District
60, ~ tho United States for the Southern
f,ts.,1ct ~ New York within the aforeSaid
,cr,od No user Of rights. prior 70 the ex-
pfrntIon OF said period shall be deemed 20
conclude the purchaser IN respect OF such
cinrtlon and upon the filing 81 such election
80 ,,t-rbaeer shall be deemed not 20
$50 nrsurned or adopted the said contracts
80 leases or rights therein described nor 20
be hound by the ohliRaiionE OF SAID con
~, oleetlon shall not cntitie the said pur.
,-,r 40 any reduction IN the amount 81
,hn Ma made at said sale or IN amounts 60
hc Maid as In this decree provided
ANY purchaser OF the property described
q, thls decree, or OF any parcel thereof.
.roU have the right ~ elect not TO take
or accept any part OF the property so sold
- .,,cr purchaser, by written notice Of his
eioctton given % tho Special Master at,
any time prior TO the execution rnd delivery