Evening journal., 1922-01-06
LEGAL NOTICE.

holds subject TO his order. claims OF the
character and to the amount specified.
with proper transfers thereof. The pur-
chaser VIII be credited on account or
the purchase price Of the property by
him purchased for all notes obligations
and claims so turned over to the UNDER
signed, in part payment of the pur-
chase price, such sums as would be
paid In respect of such claims out Of
the proceeds Of the sale II the whole
amount Of the purchase price were paid
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 statement or
statements showing and describing, as
definitely as practicable, all outstand-
ing contracts orders and commitments
made by the Receivers or to which any
their possession and operations OF the
property and assets OF said Lincoln
Motor Company. Such statements will
be advisory only, and nothing therein
contained or omitted therefrom will re-
lease any bidder or purchaser at the
sale. his successors or assigns nor VIII
such statements constitute ground for
release from any debt. liability or obli-
cation because Of any representation
therein or omission therefrOm.
Any purchaser viii have the right TO
elect not to take or accept any part OF
the property so sold Except contracts,
orders ana commitments mdQe nN the
Receivers. as TO which the purchaser
shall have no right OF elecuon) 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
therefrom any and all properties which
said purchaser shall elect not TO take
or accept (eNcept 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 filed in the Office OF the Clerks OF
said several courts. No conduct or
user OF any rights by the purchaser,
his 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
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
I tract, lease or agreement. and not to
accept the same as part Of the prop.
erty purchased. Such right Of election
will not. however, as stated. apply to
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 property
sold, subject, however. 10 the provis-
I ions Of said orders. Said deed or deeds
or other instruments Of conveyance or
assignment or transfer viii run 10 and
be directed to the purchaser, his sue
cessors or assigns, and upon the pro-
ducton 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 50 conveyed
or transferred, wheresoever situated (:
and the purchaser after such delivery
OF possession. will hold, possess and
enjoy the property 80 conveyed and
| transferred and every part and par
Gel lneIe0It Tree from Claims rlEntt. IN
terests or equity Of redemption OF, 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 al persons claiming by. under
or through said Company. its creditors
| or its stockholders. and by and Of all
parties to said cause. but subject. how
ever 10 the lien Of said trust mortgage
and said contract or contracts, orders
/ and commitments OF said Receivers and
subjcct 10 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
signment by the undersigned, and by
similar deed or deeds or other instru-
ments OF conveyance, assignment and
| transfer 10 the grantee or grantees in
such deed or deeds or other insiru-
/ ments Of conveyance, and said Lincoln
Motor Company is required to convey,
| transfer. assign and release to such
grantee or grantees al its right. title
! and interest Of. in and 10 said property
/ so conveyed assigned and transferred
| by the undersigned. Each Of .ho Re-
/ ceivers appointed by. said several
| courts by way Of further assurance.
are required by said orders, to join with
]
deed or 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 20
such grantee or grantees all tine right.
/ title and interest Of said several Re
eeivers 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 10 any OF said
| courts for a supplemental order or or
ders directing the furnishing Of any IT.
formation whether incident 10 the con
/ tinued operation Of the business. or
/ 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 he.
The following is a description Of the
properties and assets 10 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
All that property bounded by the
Northerly side OF Warren avenue the
Easterly 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 OF
west end Of west Y OF private claim
574. containing 39f acres, more or less
PARCEL II. Lot No. 4 OF the estate
Of John Strong. deceased, of the Sur
vey Of the west end Of the west hall
recorded In Liber 2i3 Of Deeds, pag,
SIC being the same land conveyed by
Francis Grant and others by Commits
sioner's Deed to Ephraim S. Frischkorr