Whitney Bank v. RAR Properties, LLC et al

Filing 25

CONSENT JUDGMENT, 24 Joint Motion for Entry of Consent Judgment is GRANTED. Final judgment is entered in favor of Whitney Bank against RAR Properties, LLC, Alison Richardson, Mark Richardson in the amount of $425,565.03 as set out. Post-judgment interest shall accrue at the statutory rate. Signed by Judge Callie V. S. Granade on 10/27/2015. (tot)

IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF ALABAMA
SOUTHERN DIVISION
WHITNEY BANK, a Mississippi
State Chartered Bank,
Plaintiff,
vs.
RAR PROPERTIES, LLC, MARK
RICHARDSON, and ALISON S.
RICHARDSON,
Defendants.

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CIVIL ACTION NO. 15-0260-CG-M

CONSENT JUDGMENT
This matter came before the Court upon Plaintiff, Whitney Bank, and
Defendants, RAR Properties, LLC, Alison S. Richardson and Mark Richardson’s
Joint Motion for Entry of Consent Judgment (Doc. 24).
Upon the agreement of the parties, it is hereby ORDERED, ADJUDGED,
and DECREED that:
1. The Joint Motion for Entry of Consent Judgment is GRANTED.
2. The Court hereby ENTERS final judgment in favor of Whitney Bank and
against the Defendants, jointly and severally, in the amount of $425,565.03 (the
“Judgment Amount”) consisting of the amounts owing under loan number 8187 (the
first loan) and loan number 6891 (the second loan) as referenced in the loan
documents described in the complaint initiating the above-styled lawsuit (the “Loan
Documents”), itemized as follows:

Loan # 8187
Principle

$260,247.72

Accrued and unpaid interest
as of October 30, 2015
Forced placed insurance
Cost of collection including
Attorneys’ fees

$35,668.96
$2,590.63
$4,000.00

Total

$302,507.31

Principle

$104,244.12

Loan # 6891

Accrued and unpaid Interest
through October 30, 2015
Forced placed insurance

$13,313.60
$1,500.00

Costs of collection including
Attorneys’ fees

$4,000.00

Total

$123,057.72

3. Post-judgment interest shall accrue at the statutory rate.
DONE and ORDERED this 27th day of October, 2015.
/s/ Callie V. S. Granade
UNITED STATES DISTRICT JUDGE