New-York tribune., 1920-09-28
LEGAL NOTICES

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(o) The Special Master will nexs offer
pa,.s, fSr sa'e separately a and as An entirety as
the real p rne IN part Or Sf
Of the SAID decree and In Lot Of the de-
scriptive clauses hereof described, Wis:
of land with the buildings and improve
ments thereon ae situate. lying and being
ana SS and and ., Ns Yor
side ot ssh street iss' :" wssseriy est rom
S6th Street at the westerly side OF Afadi-
son Avenue and running thence westerly
along the northerly side OF s5th Street 76'.
thence northerly parallel with Madison
Avenue 102' e" to the center line OF the block.
thence easterly along said center line OF
1ns r,h DICK 1s thence southeriy and parallel
Of beginning:
and viii rno note srs tho highest BID therefor.
for sale separately and aa an entirety IS
end Of Article XII sa'pssss Of the said al decree
and will note the highest bid therefor.
sQ The Special Master will next offer
for ps ,.s, sale separately and as an entirety as
X and L of Article XII of the said decree
and in Parcels X and L hereof described.
ana snail note the highest bid therefor
{R) The Special Master will next offer
Parcel r, all OF the real property in Lot s
Lot OF the descriptive ciausea hereof
described. and will note the highest bid
ts) The specia. Master will next offer
for sale separately and as an entirety as
Parcel s; oil OF the real property in Lot .
Lot 9 Of the descriptive clauses hereof
described. and will note the highest bid
therefor.
The present tenants of the property in
Lots 2. 3, 4. 5, 6, and of Article vi Of the
said decree and in the similarly numbered lots
Of thedescripttve clauses hereof described shall
be entitled to remove therefrom such
trade-hxtures as this Court may hereafter
determine within thirty days after confirma-
tion by this Court Of the sale Of said lots
The property to be sold may be inspected
by Intending bidders at the sale. subject
to such reasonable regulations as the Spe-
cial 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 Il oos Special Master In respect Of Parcel
an amount equal to Ave per cent of his bid.
provided that any deposit made by bid
der on any parcel containing real property
in the event he is the highest bidder for
such other parcel. may be applied
count Of the deposit required for such other
At the conclusion Of the bidding on Par
cells 2. e and D; the Special Master will
except the bid or bids which give the high
est amount for the property In Lots 2 and
Article VI OF the said decree described.
AT the conclusion OF the bidding for Par
cels to G. inclusive. the Special Master
will cancel all the bids noted for such par
cells except the bid or bids which give the
highest amount for the property In Lots 4
to inclusive. OF the descriptive clauses
cree described.
At the conclusion OF the bidding on Par
eela s to RI inc ineipsive Sst .hs Special Master
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 as aforesaid for g.
parcel which includes all Of two or more
FOR such Included parceIs the BIZ bid '"s noted 1'e on
high higher. Inclusive 'AF'e' snail % oee"eo '''
The Special Master will Professionally ac-
cept all the bids noted which have not been
Cancelled as hereinbefore provided. and Will
e 'hs 1fs Ses %aHSr accepted ,s
oidders2 except. except that in respect to the the
therefor shall not equal or exceed the sum rn
of s2.5oo.ooo the Special Master will adjourn
the sale of the property included in such
Any deposit received from an unsuccessful
ceived from the successful bidder or bid
ders will upon confirmation. by the Court
the purchase price Of the property
In case any successful bidder upon the
acceptance OF his BID shall fan to comply
entry thereof with any order OF this Court
requiring or relating to the payment OF the
moneys moneys deposited by such successful ,s; % bid i'd
der shall be Forfeited as a penalty for such
failure. and shall be applied to the payment
making good any deficiency or, loss in case
the property in respect of which such sue
sold at less price on such resale. and to
such other purposes as this Court may
direct.
The Court reserves the right to confirm
or reject any or all bids Professionally ac
cepted by the Special Master, and upon the
coming in Of the Masters report Will con-
parcel offered for sale hereunder.
II the Court shall deny an application TO
successful bidder at such sale will there
upon be returned to 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 man
mortgage or other securities on account
Of the purchase price as the Court may
from time 70 time direct upon notice to the
however, that as to each Parcel the Pur-
chaser shall not be required to pay more
than 80 per cent Of the purchase price in
cash and may give purchase money mort
gage running for not to exceed three years
at 8 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
tho unpaid balance of the purchase price
within twenty days after the entry Of the
| order requiring such payment.
A purchaser shall not be required to see
| to the application OF the purchase money,
nor be answerable in any manner whatso-
ever for any loss. misapplication or nom
application Of any such purchase money or Of
any part thereof.
DIsAvOwAL 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 used
any rights Hereunder. shall have the right.
within ak months after the delivery Of
ance or transfer by the Special Master OF
| the property purchased by him. or within
| such additional period as the Court may
hereafter by Its order or decree permit, to
| elect not to assume adopt any lease
! Or contract made by the defendant Railways
Company which is part Of the property
embraced IN such deed or instruments Of
be made by instrument In writing. signed
by the said purchaser and shall contain a
general description of the contracts or leases
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