Evening journal., 1922-01-27
LEGAL NOTICE.


holds subject to his order. claims OF the
character and to the amount specified.
with proper transfers thereof The pur-
chaser will be credited on account or
the purchase price OF the property by
MIN purchased, for all notes, obngauons
and claims so turned over to the UNDER
signed, in part payment Of the pur-
chase price, such sums as would De
the proceeds OF the sale II the whole
In cash.
The Receivers appointed by said sew
eral courts not more than fifteen nor
less than five days prior to the date OF
said sale, will file with the Clerks OF
SAID several courts a statement or
statements showing and describing, as
defnitely as practicable. all outstand-
ing contracts. orders and commitments
made by the Receivers or to which any
OF them Is party. in connection with
thelr possession and operations OF the
property and assets OF said Lincoln
Motor Company. Such statements viii
be advisory only. and nothing therein
contained or omitted therefrom will re-
lease any bidder or purchaser at the
sale MS successors or assigns. nor will
such statements constitute ground for
release from any debt. liability or obli-
CATION because OF any representation
therein or omission therefrom.
Any purchaser win have the right to
elect not to take or accept any part OF
the property so sold Except contracts.
orders and commitments made by the
Receivers, as to which the purchaser
shall have no right Of election) by
written notice OF his election to the
Undersigned, given at any time prior
to the execution and delivery Of the
deeds or other instruments Of convey
ance thereof. No such election by the
purchaser will diminish or affect the
purchase price to be paid by him. The
deeds or other instruments to be given
TO the purchaser will expressly except
a ~ NJ all ..t.t..
said purchaser shall elect not to take
or accept Except as aforesaid).
The purchaser will be allowed sixty
days from the date OF the delivery OF
said deeds or other Instruments to him.
within which to elect to adopt or con-
tinue in force, any lease or other exc
cutory contract which may be included
in the property sold. or which may
constitute an incident thereto or be
appurtenant thereof (eXcept, however
contracts, orders and commitments
made by the Receivers). Such election
must be made by an instrument in
writing subscribed by the purchaser
and hled in the office OF the Clerks OF
said several courts No conduct or
user OF any rights by the purchaser.
MS successors or assigns. within such
period OF sixty days, not accompanied
by the filing OF such written instru-
ment, will be deemed to conclude such
purchaser his successors or assigns in
respect OF such election. In the event
I
successors or assigns, to file a state
ment OF election to refuse to adopt or
continue in force any such contract.
lease or agreement within such period
| OF sixty days, he shall be deemed to
have elected not to adopt such con-
tract lease or agreement and(uot TO
I accept the same as part OF the prop
erty purchased. Such right OF election
any contract or contracts. orders or
| commitments entered into or made by
said Receivers.
Upon confirmation Of the sale and
payment by the purchaser his success
ors or assigns, OF the purchase price
OF the property purchased. the under
signed viii execute a deed or deeds or
/ other instruments. conveying, assign
ing and transferring to the purchaser
/ his successors or assigns the propertv
sold. subject, however, to the provis-
/ ions OF said orders. Said deed or deeds
/ or other instruments OF conveyance or
assignment or transfer will run 10 and
| be directed to the purchaser, his sue
cessors or assigns. and upon the pro
! ductiOn thereof or OF a certified COPY
or copies thereof the grantee or gran
tees therein named will be let into the
! possession OF the property so conveyed
or transferred, wheresoever situated :
and the purchaser, after such delivery
| OF possession, will hold, possess and
enjoy. the property so conveyed and
| transferred, and every part and par-
eel thereof, free from claims rights in
| terests or equity Of redemption or in or
| to the same, by or OF said Lincoln
| Motor Company. its successors and as
signs and by or Of the creditors and
stockholders OF said Company, and by
or OF all persons claiming by. under
or through said Company, it's creditors
or its stockholders. and by and OF all
parties to said cause; but subject. how
I ever 10 the lien OF said trust mortgage
and said contract or contracts. orders
and commitments OF said Receivers and
subject to compliance by the purchaser.
his successors and assigns with all
conditions imposed upon the purchaser
by said orders OF sale.
Lincoln Motor Company Is required
by said orders, at the time OF the de-
livery Of any deed or deeds or instru-
ments Of conveyance. transfer and as
sgnment by the undersigned. and by
way OF further assurance, to deliver
a similar deed or deeds or other instru-
ments OF conveyance assignment and
transfer to the grantee or grantees in
such deed or deeds or other ins,ru-
ments Of conveyance. and said Lincoln
Motor Company is required to convey
transfer assign and release TO such
grantee or grantees an its right, title
and interest OF, In and to said property
so conveyed. assigned and transferred
by the undersigned. Each OF thc Re
courts. by way OF further assurance
are required by said orders. to join with
the undersigned in execution OF the
deed OF deeds or other instruments OF
conveyance. assignment and transfer
: to be made by the undersigned and
said several Receivers Will thereby
convey. transfer. assign and release 10
such grantee or grantees all the right,
title and interest ~f said several re
ceivers in and to the property so con-
veyed assigned and transferred by the
undersigned.
/ Any person who, as provided in said
orders shall have qualified TO bid at the
: said sale, may apply to any Of said
, courts for a supplemental order or or
ders directing the furnishing Of any lr
formation whether incident to the con
tinued operation OF the business. OF
, otherwise, as TO the description or con
dition or value OF the property to be
sold, or any part or parcel thereof as
the case may be.
The following is a description OF the
. properties and assets to be sold as
. above set forth;
Those certain pieces or parcels OF
! land situate and being In the CITY OF
Detroit. County Of Wayne and State OF
, Michigan, described as follows. to-wit:
, All that property bounded by the
Northerly side OF Warren avenue. the
/ Fasterly side OF Livernois Avenue. the
Southerly side OF fireman Avenue, and
: the westerly side Of the right Of way
OF the Pere Marquette Railroad, and
including the following parcels:
PARCEL |; Lot No. 3, Survey oi
west end Of west y OF private claim
574 containing 3.9l acres. more or less
PARCEL II: Lot No. 4 OF the estate
Of John Strong. deceased. Of the Sur
vev OF the west end OF the west hall
Of private claim 574, as shown by Mat
] recorded in Liber 2f3 OF Deeds parf