The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-08
LEGAL NOTICES.

/ along the northerly side " = - /.
/ thence northerly parallel with l..tei =
| nue. lO2' ?" to the center line oi 90 A
thence easterly along said ceut4l ot
| the block 75', thence southery and ..ia y %
with Madison Avenue lo2 :" 10 tls p'Aea
and viii note the highest bid therefor.
/ (P) The Special Master viii next otter
! for sale separately and as an entirety as
! Parcel =, all OF the real property ~ farctla
J and NJ OF Article XII OF the said decree
ng IN Parcels 5dt a., b 9aS rs esr t6reor
90 The Special Master will next offer
for sale separately and as an entirety T.
/ X and l. of Article XII Of the said DEGREES
ana IN Parcels X and l. hereof descrlpeo'
/ and shall note the highest bid therefor.
(R) The Special Master viii next Otter
I Tor sale separately and an entirety 40
Parcel r, ell OF the real property ~ l'ot ,
I OF Article VI OF the said decree ana IN lsot ,
! Of the descriptive clauses hereof described.
and will note the highest bid therefor .
(s) The Special Master will next ofisr
| Tor sale separately and as an entirety az
| Parcel s. all OF the real property in Lot
Of Article vi OF the said decree and IN Lot
| or the descriptive clauses hereof descrlpeo'
| and win note the highest bid therefor.
The present tenants OF the properly N ~
Lots :. =; 4, o g. and OF article .5i, ,,, ~
| bered lots OF the descriptive clauses hereof
\ described shall be entitled TO remove thers-
! from such trade fixtures as this Court may
1 hereafter determine within thirty days after
| confirmation by this Court of the sale OF
! said lots respectively.
{ iHt property 10 DC sOlu may bt
| by Intending bidders at the sale, sup1ec,
! TO such reasonable regulations as the Speciai
/ Master may prescribe II no
| 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
/ 81 900 and IN respect of all other parcels
an amount equal to five per cent OF his Pc
! der any parcel containing real property
| all Of which Is included Ia another parcel.
] In the event no Is the highest bidder Tor
! such other parcel, may be applied on ac-
| parcel.
At the conclusion OF the bidding on Par
| cells .. 9 and D. the Special Master WIN
cancel all the bids noted for such parcels
except the bid or bids which give the high.
| est amount for the property In Lots : ana
! 3 Of the descriptive clauses hereof and OF
| Article VI Of the said decree described;
At the conclusion Of the bidding for Par
! cells p to inclusive. the Special Master
| VIII cancel all the bids noted for such par
| GELS except the bid or bids which give the.
| highest amount for the property In Lots
! 70 inclusive, OF the descriptive clauses
hereof and Of Article VI of the said de-
| cree described
| AT the conclusion Of the bidding on Par.
| GELS TO II inclusive. the Special Master
i will cancel all the BIDS noted for such parcels
| except the bid or bids which gives the high.
! est amount for the property IN Lot OK
the descriptive clauses hereof and OF Ar
I ticle VI of the said decree described.
| In case any bid noted as aforesaid for
I parcel which includes all Of two pr 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 VIII Professionally ac-
! cept all the bids noted which have not been
Cancelled as herenbefore provided. and WIN
| report the bids Professionally accepted 10
the court fthe bidders making the same
| being hereinafter referred TO as successful
| biddersl; except that in respect 10 the
/ property included in Parcel A, II the bid
f., therefor shall not equal or exceed the sum
Of s2500.oO0 the Special Master VIII adjourn
the sale OF the properly included IN such
parcel and will apply 10 the Court Tor fur
! 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
! ders will upon confirmation by the Court
/ Of his or their bid be applied on account OF
/ In case any successful bidder upon tho
| acceptance OF his bid shall fail 70 comply.
within the period Of twenty days after the
| entry thereof, with any order Of this Court
requiring relating 20 the payment Of the
! balance Of the purchase price, then the
moneys deposited by such successful bidder
| shall be forfeited as a penalty for such fat
ure, and shall be applied 70 the payment OF
| tne expenses oi Ie. aly, arg V2Whra lraAus
| good any deficiency or loss in case the prop,
| erty in respect Of which such successful
bidder shall make default shall be sold at a
less price such re ale, and TO such other
purposes as this Court may direct.
The Court reserves the right 10 confirm or
reject any or all bids Professionally accepted
IN Of the Masters report win confirm or
reject such bids IN respect to each parcel
offered for sale hereunder
II the Court shall deny an application to
confirm any sale, the deposit made by any
! successful bidder at such sale VIII thercuDon
be returned 70 such bidder
PAYMENT BY PURCHASER.
! Upon the confirmation OF any sale the
purchaser shall make such payment or pay
! ments in cash and /or IN such other manner
and by the use OF such purchase money
mortgage or other securities on account ~
tho purchase price as the Court may from
time 10 time direct upon notice 10 the parties
70 this foreclosure cause, PROVIDED, however;
that rs to each Parcel the Purchaaer shali
not be required 20 pay more than 50 per cent
~ ,he purchase price I'm cash and may give
| n purchase money mortgage running for no'
| to exceed three years at per cent per an
INC Cont reserves the right 20 retake ant
resell. upon such notice as the Court mat
| direct any property sold 70 any purchaser N
case such purchaser shall fail or omit 70
make any payment on account or WE unpa
balance Of the purchase price Nl,nln 'Tvi,
i purchaser shall not be required 70 see
70 the application % the purchase money
! -. no answerabi~ IN any manner whatso-
! over for any loss. interpolation or non
application Of any. such purchase money OF
| OF any part thereof.
rrsAvowAI. OF CONTRACTS AND RE-
| LECTION OF PROPERTY BY
PURCHASER
| Anv purchaser Of the property hereinbefore
/ described or OF any parcel thereof, and
| Ht..ar ~ not no has exercised or used
snv lights Hereunder. shall have The right.
| within six months after the delivery or
| the deed or other instruments OF convey.
| nnce or transfer by the Special Master OF
! fhe property purchased by him, or WITHIN
| such additional period rs the Court may
| berno fter bv ita order decree permit, "a
| eicc. not to assume or adopt any lease
| or contract made by the defendant Railways
| cornpnny which IS part o. the properly
! embraced IN such deed or instrunents -
! conveyance or transfer. such election Shhil
no made by instrument in writing, sgned
H., tbe said purchaser and shall contain
! General description OF the contracts or leases
| v,bich he elects not 20 assume or ADOPT ana
| sbau be filed with the Clerk OF he District
| r,tstrict OF New York within the Aforesaid
! nertoS No user 90 rights. prior 90 the OK
/ ggtratfon Of said period shall be deemed %
| conclude the purchaser in respect or sucn
! ciection and unon the filing % such election
/ eatd r1rcbnacr shall be deemed not 70
! sAlu b.s,,r,ed or adopted the said contracts
| -. ,o,eea or rights therein described nor fn
! 30 hound by the obliFations OF said cor
( ,.c.. or leasea: provided however, that
I stfcb election shall not entite the said pur-
| cbaser 10 any reduction In the amount OF
I ,bc bid made NJ said sale or in amounts 10
Z 80 raid az In this decree provided.
| Any purchaser OF the property described
! IN tbis decree, or OF any parcel thereof
4 sbou have the right 10 elect not to take
/ ~ accept any part Of the property 50 sold
! -, s,,cb purchaser, by written notice % hi,
/ stcc,icn given 20 the Special Master AZ
| - ',t,c decd or other Instruments Of convey
| orre or transfer by the Special Master IA
/ s,,rb election by a purchaser, hts successors
I Az nsqirus shall diminish or affect the pur
! rhsso price 70 be paid by such purchaser.
I r,t,. ,taeaa or Instruments on conveyance
II