The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-19
LEGAL NOTICES.

s5th Street at the westcrly eide Of Nndi-
son Avenue and running thence Westerly
along the northerly sde OF S5th street N
thence northerly parallel with Madison Atn-
nue. lO2 p 20 the center line OF tho bloch,
thence easterly along said center 300 pt
The block 75'. thence southerly and Iarallei
with Madison Avenue lO2' - TO m piaee
pf beginning:
and win note the highest bid therefor.
70 The Special Master will mex offss
Tor sale separately and an entir'f9 ~
and 81 81 S e es F CA ." sha said
and in Parcels and M hereof deae nef.
aH 20, VIII T ne's me higasst bid theT 1e2
for sale separately and an entii- Z.
Pareei O. az Of he req, property ~ f Sscrs,
and IN Parcels X and l. hereof deserineo'
and shah note the highest bid therefor.
tO The Special Master viii next offer
for sale separately and an entirety as
Parcel r. all OF the real property. 10 Lot 5
OF Article VI Of the said decree and In Lot ;
or the descriptive clauses h--eof descripec'
and will note the highest bid therefor .
(s) The Special Master viii next offer
Tor sale separately and as an entirety az
parse, s: al Of the real PROPERTY II n 10y lot
OF the descriptive clauses hereof described
and win note the highest bid therefor.
Lots .. 3. Z. s. .eT a. and H Of Article VI
OF the said decree and in the similarly nun.
bered let's OF the descriptive clauses hereof
described shall be entitled TO remove there-
from such trade-fixtures as this Court may
hereafter determine within thirty days ate.
confirmation by This Court OF the sale OF
The properly TO be sold may be Inspected
by intending bidders at the sale, suplsc,
70 such reasonable regulations as the Special
AMOUNTS OF DEPOSIT REQUIRED TO
QUALIFY BIDDERS. UPSET PRICES.
parcel tho highest bidder shall deposit with
the Special Master IA respect OF Parcel
5000 and in respect OF all other parcels
an amount equal TO five per cent OF his PIG
provided that any deposit made by a bid
der on any parcel containing real property
all Of which IS included IN another parcel.
In the event no IS the highest bidder Tor
such other parcel. may be applied on &C
count, OF the deposi. required for'such other
parcel.
At the conclusion OF the bidding on Par:
cells p, and n. the Special Master VIII
cancel al the bids noted for such parcels
est amount for I tho 'I property perry n Lots and
3 Of the descriptive clauses hereof and or
Article VI OF the said decree described.
At the conclusion OF the bidding for Par
GELS TO G inclusive. the Special Master
viii cancel all the bids noted FOR such par.
highest amount for the properly In Lots
to Inclusive, OF the descriptive clauses
hereof and Of Article vi Of the said de-
At the conclusion Of the bidding on Par
GELS TO inclusive. the Special Master
except the bid 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 as aforesaid for a
parcel which includes all OF two or more
for such Included parcels the bid noted
higher.
The Special Master win professionally ac-
Cancelled as hereinbefore provided. and will
report Il bids so professionally accepted to
NE me e9ur lthe bidders making the san SAM,
bidders); fScept that IN respect TO the
property included IN Parcel A. II the bid
therefor shall not equal exceed the sum
OF $500. 600 the Special Master will adjourn
the sale OF the property included IN such
parcel and viii apply TO the Court Cor fur
Any deposit received from an unsuccessful
bidder will be returned TO him upon the
ceved from the successful bidder or bid
ders win upon confirmation by the Court
Of his or their bid be applied on account OF
In case any succession bidder upon The
acceptance OF his bid shall fall to comply.
within the period OF twenty days after Tho
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 n penalty for such fall
ure, and shall be applied 20 the payment o.
the expenses OF resale. ard toward making
good any deficiency or Lose In case the prop
erty in respect OF which such successful
bidder shall make default shall be sold AT q
less price on such reqale, and 10 such other
purposes as this Court may direct.
The Court reserves the right 10 confirm or
reject any or all bids Professionally accepted
by the Special Master, and upon the coming
IN Of the Masters report Will confirm o.
reject such bids In respect 20 each parcel
offered for sale hereunder.
II the Court shall deny an Application .
confirm any sale. the deposit made by ar
successful bidder at such sale will thercupon
be returned to such bidder.
PAYMENT by PURCIIA SER.
Upon the confirmation OF any sale. NJ
purchaser shall make such payment or pay
ments IN cash and Tor In such other manner
and by the use Of such purchase money
mortgage or other securities on accrvr "a
tho purchase price rs the C0Hf. t .ten
time 20 time direct unor rc4cr p he p. ride.
10 this foreclosure sa, rrrrlQcui hcfs q
that as to each Pace Che Purchaser ~
not be required to pa more nan " pr
Of the purchase price So Cash erd risy tlt.
a purchase money mortgage runrinr foy not
20 exceed three years ~ per cent rtf Al
mum for the balance.
reseU upoa such lo.ce the Court ma
direct. any property sold 10 any purchaser N
Gaze such purchaser shall fail or omit 20
axe any payment on account OF the unpaid
balance OF the purchase price within twenE
days after the entry Of the order requiring
Sus' rprshaser shah not be required 10 -,
20 the application OF the purchase nones
ever for any loss. rnisappieation or non
spplieation OF any such purchase money VI
OF any part thereof.
pIsAvowAL or CONTRACTS A AM RE
PURCHASER.
ANY purchaser OF the property hereinoefors
dascrfhed or OF any parcel thereof arg
whether or not he has exercised or USED
any rights Hereunder. shall have the righ':
within six months after the delivery OF
,ha aeed or other instruments OF convey.
srco or transfer by the Special Master %
.he property purchased by him, or within
such additional period as the Court NAV
hersafter by it's order or decree permit, -
NJ, not 10 assume or adopt any leass
90 contract made by the defendant Railway,
Cornnanv, which Is part OF tho property
embraced I'm such deed or Instruments %
conveyance or transfer. sucn election shnl,
Nv The said purchaser and shall contain y
General description OF the contracts or leases
,,btch no elects not 10 assume or adopt and
shaii be flied With the Clerk OF the District
1ts,rtct 81 New York within the aforesaid
.nr,oS 40 user OF rights. prior 20 the c.
pnIratlon OF said period shall be deemed ~
Conclude the purchaser IN respect or such
SAID purchaser shall be deemed not -
ha,e Assumed or adopted the said contracts
- is,re- or rights therein described nor -
no hound BY the obligations OF said con
sncb election shall not entitle the said pur-
Spaser to any reduction IN the amount o.
I've Ma made az said sale or IN amounts 20
he pald as in this decree provided.
Any purchaser OF the property described
IN this decree. or OF any parcel Thereof
ssau have tho right 20 elect not 20 take
~ accent any part % the property sold
90 surh purchaser, by written notice of his
sicr,ion given 20 the Special Master az
any time prior 10 the execution and delivery
~ deed or other Instruments 81 convey
o,rc or transfer BY the Special Master No
s,,rh election by n purchaser. hi7 successors
AZ assigns: shsil diminish or affect the pur-
er.so mice 10 be paid by such purchaser
tlhhN. 49, ..sr.t,,,.rt. 90 cop.so,.a,..