Every evening, Wilmington daily commercial., 1922-02-20
NEW CONDITIONS FOR.
UNION GARDEN SALE
housss to be Offered on Terms
Considered by Government
AZ Advantageous.


Important changes In the conditions
Ecvcrntng the auction N Union Park
Gardens by the United States Shipping
Board Ewcrgency Fleet Corporation.
through 0erth's Realty Experts. were
announced today.
Tho sale viii he conducted in Rc-
cordance with the following two plans,
"A" and "B", and will be governed
by the terms and conditions therein
and heretoaftcr stated.
(A) The premises will first be Of
fcred for sale IN their entirety, sub
Ject To the express conditions ()
that each and every lump sum bidder
shall deliver To the Seller prior to or
simultaneously with tho submission OF
his original hid a list Of all the indi-
ysdual properties comprising said
premises. showing opposite each prop
crty a base price applicable thereto.
the total Of all such base prices TO
be equal 20 the amount of HIS lump
sum bid. and ,2l that II such lump
sum bid shall be accepted by the sell
Ter the individual tenant of any of said
properties shall have an option, for
"a period OF thirty DAYS after date OF
posting OF list as hereinafter provided,
to purchase exclusively for his own
use from said lump sum bidder the
property occupied by the tenan, Mt the
time OF sale. upon the ternxs proscrib-
Cd for sale Plan "B", at tho t~se pr-ioe
sc, opposite hts property IN the list
above referred to. plus ten per cent
thereof. In tho event oy the accept
A. h.Hs ...sNf. -. 49,
sum bidder I'm excess OF his original
bid. the individual tenant OF any such
properties shall have an option identi-
cal with the foregoing. except thai
the hase price set opposite his prop
erty IN the list above referred 10 shall
In such case be increased In the same
rto as said accepted lump sum bid
bears TO the original bid.
lB) Immediately following the Offer
Of the premises under sale plan "A
the premises viii be offered for sale
by individual units or by lots oi
sroups. Ne may be determined by tn,
seller. Within three DAYS after IN,
completion of the sale under plan "R'
announcement viii he made by IN,
seller through the press of Whining
ton, and at the Office Of the seller al
aios Lancaster avenue. under which
"a said plans. II under either. the prem
ise- have been sold. II u shall be an
nuunucd by the seller that lump sun
hid for the premises has been accept
cd there shall bee posted In said ot'ic,
simultaneously with said announce
mcnt the list above referred 10 show
lnn th. individual base prices at which
plus ten per cent. the tenants ma,
purchase their properties within thir,
~ days thereafter. and Within nftecr
DAYS after said posting there shall he
returned O. bidders under sale plai
~ such initial payments and auc
tlnnecr@ fees as may have been pai,
by them 90 tho auctionecr pursuant
o. the requirements of paragraph
second" hereof n sale IN mad,
under either ~ said plane. the bic
accepted will he that which the owne'
shall decide 20 he the moro advantas
sons to u. No contract OF sale entsre,
into hy any individual tenant for IN
purchase ~ his propcrty from tn
lump sum purchaser shall be assisne'
or otherwise transferred
Terms Prescribed for Sale Plan ~p.
tlrsii Where several houses ar
constructed Ia group contiguous Q
enc another. with common. or part
walls. or not, a. the case may be.
successful purchaser % one such unl
house shall have tho privilege o. tax
inf AT ihe same price per unit as man
consecutive contiguous units in sal
group 40 be may desire. subject. how
ever. 20 this understanding and pre-
Viso that the tenant az the time bs
ms occupying any property sold wit
others in a group or collective lot I
nry purchaser shall have the prefer
cnce ~ che time ~ sale 90 purchas
the property occupied by him az N
knock doNn price.
second. The purchaser viii be r.
daifsd az the time and place - sal
o. slgn memorandum 90 his pu,
chase and % pay on account % N
purchase price 90 the auctioneer q
Dor oentum % the amount 90 his ~
Cor which the receipt of Charles
g.ffh 90 agent Cor tho seller viii !
plVsn, and the purchascr except
tenant who shall buy the house vhiC
be- a. occupying. VIII ALSO be reauir,
a. ne same tim. and place 90 pa
ssld auctiuncer. IN addition the eu
t ioinssrs Zee or tlt for each house
ioi sold for whlsh tho receipt % sa
nuctionecr viii bo given
Third. The remainder Of the pa
chase pric. must he paid IN cash
partly On cash and the balance in
purchase money bond and mortea,
a. hereinafter set forth. during q
week beginning April 3. 1922. or az su,
later date 90 which the closing ma
BE- adjourned.
FOURTH ANY purchaser viii ha'
,Ne privilege ~ allowing q portion