The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-05
LEGAL NOTICES


soth Street at the westerly side Of Madi-
son Avenue and running thence westerly
thence no nor.heriy size OF , ao, % %.
nue. lU2' ?" to the center line of the block
thence easterly along said center line OF
tne block 15', thence southerly and parallel
with Madison Avenue 1902 2" to the place
of beginning;
and win note. the highest bid therefor.
W the Special Master will next offer
Tor sale separately and as an entirety ~
Tarce, = all Of the real property IN Parcels
and In Parcels ] and NJ hereof described.
and viii note the highest bid therefor.
lO The Special Master VIII next offer
TOT SAFE separately and as an entirety 40
k and 1 Of Article XII p Of the said decr.s
and In Parcels X and l. hereof described.
and shall note the highest bid therefor.
R) The Special Master will next offer
Tor sale separately and as an entirety -
of Article vi OF the said decree and In Lot 9
or the descriptive clauses hereof described.
and VIII note the highest BID therefor. .,,..
Tor sale separately and as an entirety a.
Parcel 8. all OF the real property In Lot 9
OF Article VI Of the said decree and In Lot
OF the descriptive clauses hereof described.
and win note the highest bid therefor. ;.
, The present tenants Of the property IN "a
of the said decree a and in the similarly mum.
bered lots CT the descriptive clauses hereof
described shall be entitled to remove tnerc-
hereafter determine within thirty days after
confirmation by this Court OF the sale OF
said lots respectively.
The property 10 be sold may be inspected
by intending bidders at the sale. suoJecss
to such reasonable regulations as the Speciai
AMOUNTS OF DEPOSIT REQUIRED TO
QUALIFY BIDDERS. UPSET PRICES.
AZ the conclusion OF the bidding on can can
parcel the highest bidder shall deposit with
the Special Master In respect Of Parcel
$4,000 and In respect OF all other parcels
hq INV
der on any parcel containing real property
all OF which is included In another parcel,
In the event he Is the highest bidder for
such other parcel. may be applied on ac-
parcel.
At the conclusion OF the bidding on Par.
cels u, and ID. the Special Master VIII
cancel all the bids noted for such parcels
es 5no o s or n, bids wfn Five the ana
3 Of the descriptive clauses hereof and OF
Article vi OF the said decree described;
cells II TO G. inclusive, the Special Master
VIII cancel all the bids noted for such par
GELS GELS except the bid or bids which give the
nlgnest amount for the property In Lots
TO 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 inclusive, the Special Master
VIII cancel all the bids noted for such parcels
est amount for the property In Lot OF
the descriptive clauses hereof and or Ar
tlcle vi or the said decree described.
In case any bid noted as aforesaid for a
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 will Professionally ac-
c ,pt I'll the bids noted which haye not been ,,
report the bids so Professionally accepted to
the court 1.-THE bidders making the same
being hereinafter referred 10 as successful
DldderS)
property included In Parcel A. II the bid
the re or ehali not equal or exceed the sum
the sale of the property included In such
parcel and Win apply 70 the Court for FUR
ther Instructions In respect thereto.
Any deposit received from an unsuccessful
bidder WIN be returned 10 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. 81.
acceptance of his bid shall fail to comply,
within the period OF twenty days after tho
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 fall.
ure, and shall he applied TO the payment OF
the expenses OF reeale, and toward making
good any deficiency or loss in case the prop.
erty IN respect OF which slch successful
bidder shall make default shall be sold at
less price on such resale. and 70 such other
The Court reserves the right 70 confirm or
reject any all bids Professionally accepted
by the Special Master. and upon the comins
In OF the Masters report Will confirm o,
re iect such bids In respect to each parce!
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 will thereupon
be returned to such bidder.
PAYMENT BY PURCHASER,
IJpon the confirmation OF any sale, the
y,t,r Inn
ments In cash and Tor In such other manner
and by the use OF such purchase money
mortgage or other securities on account OF
the nurchnse price as the Court may from
time TO time direct upon notice TO the parties
10 this foreclosure cause, pr9yiuea, however;
not he required to pay more than 80 per cent
OF the purchase price In cash and may give
n purchase money mortgage running Tor not
10 exceed three years at per cent per an
mum for the balance.
THE Court reserves the right to retalSe and
resell. upon such notice the Court may
direct any property sold to any purchaser IN
cnse such purchaser shall fail or omit 70
make any payment on account OF the unpaid
balance OF the purchase price within twenty
days after the entry OF the order requiring
such payment .
70 the Application OF the purchase money,
nor be nnswerable IN any manner whatso-
70. any loss s rsbaso or NOR or
OF any part thereof.
prsAvowAI, OF CONTRACTS AND RE-
LECTION OF PROPERTY BY
PURCHASER.
arv purchaser OF the property hereinbefore
described. OF OF any parcel thereof, and
,vbether or not he has exercised or used
INV rights Hereunder, shall have the right.
within six months after the delivery OK
the deed or other instruments OF convey.
.nce or transfer by the Special Master OF
The property purchased by him, or within
such additional period as the Court may
hereafter by It's order or decree permit, 70
n,ac, not 10 assume or adopt any lease
or contract made by the defendant Railways
Company. which Is part OF the property
embraced In such deed or Instruments %
no made by instrument IN writing, signed
b, the said purchaser and shall contain
general description OF the contracts or leases
sbau be filed with the Clerk OF tho District
Court Of the United States for the Southern
ntst,gct of New York within the aforesaid
period. No user Of rights. prior 20 the ex-
Conclude tho purchaser In respect OF such
election, and upon the filing OF such election
said purchaser shall be deemed not to
have assumed or adopted the said contracts
or leases or rights therein described nor 10
10 hound by the obligations OF said con-
tracts or lenses; provided. however, that
such election shall not entitle the said pur.
chaser 10 any reduction In the amount Of
,hc hid made at said sale or ia amounts 10
ne maid as IN this decree provided
ANY purchaser OF the property described
sbaii have the right TO elect no, TO take
or accent any part OF the property 30 sold
e. such purchaser, by written notice OF his
election given 10 the special master al
~ ,he deed or other Instruments OF convc--
snce or transfer by the Special Master. No
snrh election by n purchaser, his successors
~ aasirns shall diminish or affect the pur.
ot.ao nrIce 10 be paid by such purchaser.
sr,ss daeds or instruments OF conveyance or
transfer 20 hc given by the Special Master.