Evening journal., 1922-01-20
LEGAL NOTICE.

holds subject to his order. claims OF the
character and to the amount specined.
with proper transfers thereof. The pur-
chaser will be credited on account OF
| the purchase price OF the property by
/ MN purchased, for all notes, Obligations
ana claims so turned over to the UNDER
signed, IN part payment OF the pur-
1 chase price, such sums as would pc
| paid in respect OF such claims out OF
the proceeds OF the sale II the whole
amount OF the purchase price were paid
1 in cash.
The Receivers appointed by said sew
Z eral courts, not more than fifteen nor
less than five days prior to the date OF
I SAID sale, will file with the Clerks or
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
OF them is a party. in connection with
their possession and operations OF the
property and assets or said Lincoln
Motor Company Such statements will
be advisory only, and nothing therein
comained or omitted therefrom will re-
lease any bidder or purchaser at the
[ sale, his successors or assigns. nor will
] such statements constitute ground for
release from any debt. liability or obli-
I CATION because of any representation
therein or omission therefrom.
Any purchaser win have the right to
eject not to take ct accept any part OF
the property so sold Except contracts.
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
70 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
10 the purchaser will expressly except
therefrom any and all properties which
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
I constitute an incident thereto or be
! appurtenant thereof Except, however
contacts orders and commitments
must be made by an instrument in
writing subscribed by the purchaser
and Med in the office OF the Clerks OF
said several courts No conduct or
MS successors or assigns, within such
period or sixty days. not accompanied
; by the filing OF such written instru-
ment, will be deemed to conclude such
purchaser, his successors or assigns. i'm
respect OF such election In the event
n or the failure OF the purchaser, his
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
nave elected not to adopt such con-
tract, lease or agreement. and not to
accept the same as part OF the prop
erty purchased. Such right Of election
VIII 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. to the provis-
, ions OF said orders Said deed or deeds
or other instruments OF conveyance or
z assignment or transfer win run to and
be directed to the purchaser his sue
7 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
E and the purchaser, after such delivery
OF possession. will hold. possess and
j enjoy the property so conveyed and
transferred, and every part and par
E Gel thereof, free from claims rights in
terests or equity Of redemption OF. in or
? to the same, by or OF said Lincoln
p Motor Company, its successors and as
b signs; and by or OF the creditors and
% stockholders OF said Company, and by
. or Of all persons claiming by under
2 or through said Company. its creditors
or its stockholders and by and OF all
o parties to said cause; but subject. how
Z ever. to the lien Of said trust mortgage
n and said contract or contracts. orders
i and commitments OF said Receivers and
d subject TO compliance by the purchaser
! his SUCCESSORS and assigns with ali
, conditions imposed upon the purchaser
4 by said orders OF sale.
q Lincoln Motor Company Is required
I 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
way OF further assurance TO deliver
a similar deed or deeds or other instru-
ments OF conveyance. assignment and
, I transfer TO the grantee or grantees in
such deed or deeds or other instru-
, ments OF conveyance and said Lincoln
! | Motor Company is required to convey
grantee or grantees all its right, title
Z and interest Of in and to said property
so conveyed. assigned and transferred
e Fby the undersigned. Each OF the Re
I ceivers appointed by said several
3 courts. by way Of further assurance
I are required by said orders, TO join with
the undersigned in execution OF the
. deed or deeds or other instruments OF
10 conveyance. assignment and transfer
g to be made by the undersigned. and
: said severN1 Receivers viii therein
l convey. transfer assign and release "a
such grantee or grantees all the right
, title and interest OF said several Re
n ceivers in and to the property so con.
veyed. assigned and transferred by the
p undersigned.
Il Any person who. as provided in said
p orders. shall have qualified 10 bid at tn.
r said sale may apply 10 any OF said
e courts for a supplemental order or or.
;. ders directing the furnishing OF any r..
d formation whether Incident to the con.
4 tinued operation OF the business OF
o otherwise as 10 the description or con.
. dition or value OF the property to b.
sold. OF any part or parcel thereof a,
y the case may be.
The following is a description OF IN,
= properties and assets to be sold a.
4 above set forth:
!, Those certain pieces or parcels nj
I land situate and being in the CITY oi
7 Detroit. County OF Wayne and State o
{, Michigan. described as follows to-wit
e All that property bounded by M
j. Northerly side OF Warren avenue. m,
t Easterly side Of Livernois Avenue IN,
l. Southerly side OF fireman Avenue. anf
IT the Westerly side OF the right OF wa,
d of the Pere Marquette Railroad, anc
j. Including tho following parcels.
= PARCEL I: Lot No. 3. Survey o
b west end OF west y OF private CLAIM
3 574. containing 39i acres. more or less
q PARCEL II: Lot No 4 OF the esta 4,
q Of John Strong deceased OF the Sur.
.rox- ~ the west end Of tho meet H.,