The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-15
LEGAL NOTICES.

.ootn street at the westerly side OF Afnc.-
son Avenue and running thence westerly
along the northery side of s5th Street 10
thence northerly parallel with Madison Ave
nue. 1922 2" to the center line OF the block.
thence easterly along said center line OF
with Madison Avenue loa' 2" to the place
and will note the highest bid therefor.
Q) The Special Master will next ofter
Tor sale separately and as an entirety as
and NJ of Article XII of the said decres
and In Parcels and NJ hereof descrioeos
(Q) The Special Master viii next offer
for sale separately and as an entirety IS
Parcel Q. all Of the real property IN Parcels
and In Parcels X and l. hereof described
and shall note the highest bid therefor. ,,..
. (Rl The Special Master win next offe,
Tor sale separately and rs an entirety a.
Parcel r. all of the real property In Lot .
OF Article VI Of the said decree and in Lot ;
OF the descriptive clauses hereof dsscr'oed'
and Will note the highest bid therefor
ts) The Special Master will next otter
Tor sale separately and as an entirety ~
Parcel s. all OF the real property In Lot
OF Article VI OF the said decree and In Lot .
OF the descriptive clauses hereof described
and VIII note the highest bid therefor .
Inc present tenants OF the property IN
Lots ?. 3. 4. >, G. and o of Article VI
Of the said decree and In the similarly mum.
bered let's CT the descriptive clauses hereof
described shall he entitled TO remove there
from such trade-fxtures this Court may
hereafter determine within thirty days after
The properly to be sold may be Inspected
by intending bidders at the sale, subject
to such reasonable regulations as the Speciei
Master may prescribe. -
AMOUNTS OF DEPOSIT REQUIRED to
QUALIFY BIDDERS. UPSET PRICES;
At the conclusion OF the bidding on eaen
parcel the highest bidder shall deposit Win
the Special Master I'm respect OF Parcel
oU and IN respect tye OF pe an cent Of hs bid
provided that any depos'. made by DID
der on any parcel containing real properly
all Of which Is included In another parcel
In the event he is the highest bidder for
such other parcel. may be applied on ec-
count OF the deposit required for such otner
parcel.
At the conclusion OF tho Kidding on Par.
GELS y. e and n. the Special Master VIII
cancel al the bids noted for such parcels
except III" bid or bids which give the high
est amount for the property In Lots and
3 ~ the descriptive clauses hereof and OF
Article vi of the said decree described
At the conclusion Of the bidding for Par
cells Il TO C inclusive. the Special Master
VIII cancel all the bids noted for such par
highest amount for the property in Lots
10 inclusive. of the descriptive clauses
hereof and Of Article vi of the said de-
At the conclusion OF the bidding on Par
cells to r inclusive, the Special Master
win cancel all the bids noted for such parcels
except the bid or bids which, gives the high
est amount for the property In Lot OF
the descriptive clauses hereof and OF Ar
In. case any bid noted 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 viii Professionally ac-
cept all the bids noted which have not been
Cancelled hereinbefore provided. and will
report the bids professionally accepted 10
the court uhe bidders making the same
being hereinafter referred TO as successful
property included In Parcel A, II the bid
tfercf1 oo oo not equal or exceed the sum sum
the sale of the property included in such
parcel and will apply TO the Court for fur
Their instructions In respect thereto.
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 he applied on account Of
the purchase price Of the property. -.
acceptance OF his hid shall fail to comply,
within the period of twenty days after the
entry thereof, win any order OF this Court
balance Of the purchase price. then the
moneys deposited by such successful bidder
shall he forfeited as penalty for such fall
ure, and shall be applied to the payment OF
the expenses OF resale. ard toward making
good any deficiency or loss In rase the prop,
erty IN respect of which sJch successful
bidder shall make default shall be sold at
less price on .such regale. and to such other
The Court reserves the right 10 confirm or
reject any all bids Professionally accepted
by the Special Master, and upon the coming
In OF the MASTER report viii confirm or
reject such bids In respect to each parcel
Offered for sale hereunder.
II the Court shall deny IN application TO
confirm any sale, the deposit made by any
successrul bidder Mt such sale will thereupon
be returned TO such bidder.
PAYMENT BY PURCHASER.
ITpon the confirmation OF any sale, the
purchaser sllall make such payment or pay
ments in cash and Tor In such other manner
mud by the use OF SUCH purchase mo"ey
the purcrasc price as the Court may from
time 20 time diroct upon notice TO the parties
IN this foreclosure causc, provided. however,
tbat MS TO each Parcel tho Purchaser shall
not be required to pay more than ~ per cen.
of the purchase price In cash and may give
a purchase money mortgage running Tor hot
10 exceed three years at per cent per an
mum for the balance.
The Court reserves the right to rctake and
reseu rnon such notice as the Court may
direct any property sold 70 any purchaser IN
case such purchaser shall fall or omit to
mako any payment on account OF the unpaid
haIance Of the purchase price within twenty
DAYS after the entry OF the order requiring
such payment. ,,,.., o. a..
IN the application OF the purchase morey,
nor be answerable In any manner whatso-
ever for any loss. m,sappnsraton r, or non y,
Of any part thereon.
pIsAvowAL OF CONTRACTS AND RE-
LECTION OF PROPERTY ny
PURCHASER.
49,. rurchs ser OF the property herelnbefore
dcsrribed or OF any parcel thereon. ana
,rhether or not he has exercised or used
any lights Hereunder. shall have the right.
within six months after the denVery or
the deed or other instruments OF convey.
ance or transfer by the Special Master o'
,hc property purchased by him, or within
such additional period as the Court may
hereafter by It's order or decree permit. 10
or contract made by the defendant Railways
cann,nv which Is part OF the property
embraced in such deed or instruments ot
convcyance or transfer. Such election shat
he made by instrument IN writing, signed
General description of the contracts or leases
ss'ttci, no elects not TO assume or adopt. and
,au no flied with the Clerk OF the District
Court OF the United states Tor the Southern
nnr,od No user OF rights. prior to the OK
ppIration OF said period shall be deemed to
aae,ci,de the purchaser In respect OF such
election. and upon the fving OF such election
said purchaser shall be deemed not TO
s 49, a.sa,,ned or adopted the said contract.
y. Leases or rights therein described nor To
~ hound by the obligations OF said con-
,racts or leases: provided, however. that
,,ch election shall not entitle the said pur-
49, ,.r 20 any reduction In the amount OF
30 ia made at said sale or In amounts TO
ha Maid ms In this decree provided.
p' 70 purchaser Of the property described
IN this decree, or OF any parcel thereoi.
81. accent any part OF the property so sold
a. Icy purchaser. by written notice OF his
s w. given 20 the Special Master NJ
", time prior 20 the execution and delivery
ny ~ s,,,a decd or other instruments OF convey
orce or transfer by the Special Master. No
~. aiortion by n purchaser, his successors
" ..s,ons shall diminish or affect the pur.
chase price TO be PAID py sucn purchaser.