New-York tribune., 1920-10-29
LEGAL NOTICES

|
for safe separately and as an entirety as
rnrcel ,no ., the following part or portion OF Of
1nc real property in Lot or Article VI
scriptive clauses hereof described. viz:
All those certain lo,s, pieces or parcels
IN the Cit, and County of New York.
ahn bounded and described as foIlowH' ",sor,
side of s5th street l45 westerly from
h srcs M the of ~ nSFsTTy sde of 's
along the northerly side Of s5th street 75'
Avenue 102' ." to the center line OF the block
thence eastorly along said center line OF
Win 0'SGN 49, thence T AZ ana nacs
OF beginning;
and will note the highest bid therefor.
T.. IPl The Special Master will next offer
a and a., Of Article Nll Of the SAID assrso ,;
and viii note the highest bid therefor.
lQ) The Special Master will next offer
lor lr sale separately and ms an entirety as
1rarcel g all Of the real property IN Parcels
Il and /. OF Article XII OF the said decree
amd ana in IN Parcels X and / hereof described.
'R) The Special Master will next offer
Parcel r, all of the real property in Lot 8
Lot 5 Of the descriptive clauses hereof
usescribed and Will note the highest bid
| therefor.
Cs) Tho Special Master will next offer
TOT sale separately and as an entirety a.,
Of Article " of the said decree and IL
Lot or the descriptive clauses hereof
! therefor.
The The present tenants Of the property in
| Lots ,, 3 A. 5. 6. and Q of Article VI of the
said oecree and in The similarly numbered lots
of tho descriptive clauses hereof described shall
be be entitled to remove therefrom such
| hereafter
determine within thirty days after confirma-
tlon by this Court of the sale Of said lots
respectively.
The property to be sold may be inspected
by intending bidders at the SALE subject
10 such reasonable regulations as the Spe-
clal Master may prescribe.
AMOUNTS OF DEPOSITS REQUIRED TO
QUALIFY BIDDERS. UPSET PRICES.
At the conclusion of the bidding on each
parcel the highest bidder shall deposit with
the Specia Master in respect OF Parcel A
1900 ", o''d and in respeet of all other parcea S9
provided that any deposit made by bid
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 he applied
count of the deposit required@for such other
parcel
Al the conclusion Of the bidding on Par
cells Il, G and d, the Special Master will
cancel all the bids noted for such parcels
except the bid or bids which give the high
est amount for the property in Lots 2 and
8 of the descriptive clauses hereof and OF
Article vi Of the said decree described.
At the conclusion of the bidding for Par
oels 1 Il to inclusive, the Special Master
WI WI cancel all the bids noted fer such par
Gfls Ssos1 eNeept the 5id or bids which give the
to inclusive, q The descriptive clauses
hereof and of Article VI of tho said de-
cree described.
At the conclusion OF the bidding on Par
cells to Inclusive. th> Special Master
Will cancel all the bids noted for such parcels
fha Ma ,, .k,f ,t Lt.r
eSt ,, amount amount loE the property in Lot OF
me Descriptive clauses hereof and of Ar
| tlcle VI of the said decree described.
In case any BID noted as aforesaid for n
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
.uch inclusive parcel shall be deemed tho
Thc Special Master viii Professionally ac-
ccpt all the bids noted which have not been
cancsled as hereinbefore provided. and win
hc court 'the Gdicrs i makng lrp'ea the samo 40
being hereinafter referred to as successful
bidder, ndders3 Y,,, eHeepi ;hat in respect TO he
therefor shan not equal or exceed the sum
Of 700 he Special Master VIII adjourn
the sale OF the property included in suct
parcel and will apply to the Court for further
instructions in respect thereto.
Any deposit received from an unsuccessful
bidder viii be returned to him upon the
conclusion Of the bidding. The deposit re-
ceiVed from the successful bidder or bid
the purchase price of the property
In case ary ,successfn bidder upon the
/ acceptance Of his bid shall fail to comply
! within the period of twenty days after the
entry thereof with any order of this Court
BALANCE Of the purchase. price. then the
moneys deposited by such successful bid
failure, and shall be applied to the payment
or the expenses OF a resale, and toward
making good any deficiency or loss in case
the property In respect of which such sue
cessfu bidder shall make default shall be
sold at less price on such resale. and to
direct.
The Court reserves tho right to confirm
or reject any or all bids Professionally
coming in of the Masters report will con-
firm or reject such bids in respect to each
i parcel offered for sale hereunder
If the Court shall deny an application to
confirm any sale. the deposit made by any
successful bidder at such sale VIII there.
upon lie returned TO such bidder.
PAYMENT BY PURCHASER
Upon the confirmation OF any sale the
purchaser shall make such payment or paw
ments IN cash and or in such other man
ner and by the use of such purchase money
Of the purchase price The Court may
from time to time direct upon notice 10 the
! however, that to each Parcel the pur,
| chaser shall not be required TO pay more
cash and may give purchase money mort
gage running for not to exceed three years
/ at D per cent per annum for the balance
The Court reserves the right to 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 on account OF
| the unpaid balance OF the purchase price
within twenty days after the entry of tho
| order requiring such payment
purchaser shall not be required to sea
to the application Of the purchase money
nor be answerable in any manner whatso.
ever for any loss, mlsapplcation or non
application OF any such purchase money or OF
any part thereof.
DlSANOWAL OF CONTRACTS AND RE.
LECTION OF PROPERTY BY
PURCHASER,
Any purchaser of the property hereinbefore
described, or of any parcel thereof and
whether or not he has exercised or ,srd
any rights Hereunder, shall have the right
within six months after the delivery of
the deed or other Instruments of convey
ance or transfer by the Special Master Of
such additional period as the Court NAV
hereafter by its order decree permit TO
elect not to assume or adopt any lease
or contract made by the defendant Railway,
Company. which is part of the property
embraced IN such deed or Instruments OF
conveyance or transfer. Such election shall
he made by instrument in writing. signed
general description OF the contracts or lease,
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
period. No user Of rights, prior to the ex-
piration of said period shall be deemed
20 conclude the purchaser in respect of such
ha line