United States of America v. Real property located at 149 G Street, Lincoln, California, Placer County, APN: 008-266-015-000 et al

Filing 110

STIPULATION and ORDER signed by District Judge Troy L. Nunley on 10/31/13 re: 109 to Appointment of Receiver to Take Possession of, Administer, Market for Sale, and Sell Property Subject to Potential Forfeiture and Lien. (Meuleman, A) (Main Document 110 replaced on 10/31/2013) (Meuleman, A).

POLSINELLI LLP
WESLEY HURST, ESQ. (CA # 127564)
1801 Century Park East, Suite 1801
Los Angeles, CA 90067
Telephone: [phone]
Facsimile: [phone]
DESIGNATED AS COUNSEL FOR SERVICE

DAVID D. FERGUSON (MO #37854)
AARON C. JACKSON (MO #59392)
Polsinelli PC
900 West 48th Place, Suite 900
Kansas City, MO 64112
Telephone : [phone]
Facsimile: [phone]
ATTORNEYS FOR U.S. BANK NATIONAL ASSOCIATION,
AS TRUSTEE FOR THE REGISTERED HOLDERS OF
WAMU COMMERCIAL MORTGAGE SECURITIES
TRUST 2007-SL3 COMMERCIAL MORTGAGE
PASS-THROUGH CERTIFICATES,
SERIES 2007-SL3
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF CALIFORNIA
(Sacramento)
United States of America,
Plaintiff
Case Number: 2:12-cv-00705-MCE-DAD
v.

Real Property Located at
149 G Street,
Lincoln, California, Placer County,
APN: 008-266-015-000, et al.,
Defendants

STIPULATION AND ORDER OF
PLAINTIFF,
SECURED LENDER / CLAIMANT,
AND BORROWER TO
APPOINTMENT OF RECEIVER TO
TAKE POSSESSION OF,
ADMINISTER, MARKET FOR
SALE, AND SELL PROPERTY
SUBJECT TO POTENTIAL
FORFEITURE AND LIEN

COMES NOW United States of America, the Plaintiff in this action (“Plaintiff”), U.S.
Bank National Association, as Trustee for the Registered Holders of WAMU Commercial

Mortgage Securities Trust 2007-SL3 Commercial Mortgage Pass-Through Certificates, Series
2007-SL3 (“Lender”), and Volen 7 Properties, LLC, a California limited liability company,
each by and through undersigned counsel, and hereby stipulate, and request an order of this
Court approving said stipulation (the “Stipulation”), to the appointment of Brandon Scott to act
as receiver (the “Receiver”) to take possession of, administer, and market for sale certain real
property, improvements thereon, and personal property that is both subject to forfeiture in this
action and subject to a first-priority lien in favor of Lender, securing indebtedness of greater than
$900,000.00 owed to Lender. In support of this Stipulation and the parties’ request for approval
of the same, the parties state as follows.
The Loan
1.

Lender is the holder and owner of that certain commercial real estate mortgage

loan (the “Loan”) in the original principal amount of $860,000.00 (the “Loan”), the borrower
under which is Volen Properties 7, LLC (“Borrower”).
2.

In connection with Lender’s ownership of the Loan, Lender is the holder of that

certain Promissory Note, dated December 15, 2006, in the original principal amount of
$860,000.00, the maker of which is identified as Borrower (the “Note”). A copy of the Note is
attached hereto as Exhibit 1.
3.

In connection with Lender’s ownership of the Loan, Lender is also the owner of

that certain Deed of Trust, Security Agreement, Assignment of Leases and Rents, and Fixture
Filing (the “Security Instrument”), dated as of December 15, 2006, under which Borrower is
the grantor. A copy of the Security Instrument is attached hereto as Exhibit 2.
4.

By the terms of the Security Instrument, Borrower granted a first-priority lien on

certain real property, improvements thereon, and personal property identified in the Security

Instrument (collectively, the “Property”). The Property includes certain real property and
improvements, comprising an 8822 square-foot, seven-unit office building located at 10940 Fair
Oaks Boulevard in Fair Oaks, California.
5.

The Loan is in default, including by virtue of Borrower’s failure to make monthly

payments on the Loan, as and when called for under the Note and Security Instrument, since
October 2012. Borrower’s obligations under the Loan have been accelerated and are
immediately due and owing to Lender.
Commencement of This Action
6.

Borrower’s principal and managing member is Bart W. Volen (“Volen”). On

March 20, 2012, the United States commenced this in rem action against certain properties
owned by entities owned and/or controlled by Volen, seeking forfeiture of such properties.
Among the properties that are the subject of this action is the Property.
Request for Relief
7.

Accordingly, the Property is subject to liquidation, either via the foreclosure

process (which may be judicial or non-judicial under California law) by virtue of Borrower’s
default on the Loan, or via the forfeiture provisions of 18 U.S.C. Section 981, et al.
8.

Plaintiff, Lender, and Borrower desire to maximize the return from a sale of the

Property, so that Lender’s secured indebtedness may be paid in full from such sale and so that
the proceeds of the sale in excess of the debt owed to Lender may be disbursed to the IRS
pending further order of the Court. Lender has duly filed its claim in this case in the following
amounts: principal in the amount of $811,624.33; interest through April 19, 2012 in the amount
of $7621.05; default interest through April 19, 2012 in the amount of $338.19; interest after
April 19, 2012 at the per diem rate of $155.40; default interest after April 19, 2012 at the per

diem rate of $112.73; processing and documentation fees in the amount of $75.00; fees and
costs, including attorneys fees, through April 19, 2012 in the amount of $14,755.00; and fees and
costs, including attorneys fees, that have accrued and have continued to accrue thereafter
(collectively, the “Indebtedness”).
9.

While nothing is certain, Plaintiff, Lender, and Borrower have agreed that, and are

hopeful that, the Property may have a value in excess of the Indebtedness. Plaintiff, Lender and
Borrower have further agreed that neither a foreclosure sale of the Property nor an immediate
sale of the Property under 18 U.S.C. Section 981 would maximize the return on the Property and
instead would virtually ensure that the return for the Property would be less than the amount of
the Indebtedness. Accordingly, Plaintiff, Lender, and Borrower have stipulated and agreed that
the superior course of action would be to appoint Scott as Receiver, without bond, so that Scott
may administer the Property, take such actions as are reasonably necessary to increase the
marketability of the Property, market the Property – in an orderly but prompt fashion – for sale,
and then sell the Property pursuant to a procedure agreed to by Plaintiff and Lender, as such sale
would be in the best interests of the receivership estate created by the appointment of the
Receiver, and maximize return for the benefit of Plaintiff, Lender, and Borrower.
10.

Scott is a principal at BLR Asset Management (“BLR”), which has experience

managing real property throughout the State of California. A copy of Scott’s curriculum vitae is
attached hereto as Exhibit 3.
11.

Scott would retain Voit Real Estate Services as the broker for sale of the Property.

Scott proposes to market the Property for sale over a period of approximately 120 days. After
such marketing Scott will, subject to the terms and provisions hereinafter set forth in this
paragraph, sell the Property free and clear of Plaintiff’s interest and Lender’s interest on a

specified sale date (the “Sale Date”) to the third-party bidder (the “Sale”) placing the highest
and best bid for the Property (the “Third Party Bid”), provided, however, if such Sale would
result in a yield of net sale proceeds (after payment of a sale commission of six percent of the
gross sale price to Voit, together with other expenses of sale) less than the Indebtedness and if
such Sale is not approved by Lender, the Receiver will on the Sale Date sell the Property to the
Lender (the “Lender Sale”) for an amount that is $1000.00 in excess of the Third Party Bid (the
“Lender Sale Price”) (which Lender Sale Price may be paid by Lender by Lender crediting
such Lender Sale Price against the Indebtedness).
12.

Following consummation of the Sale or Lender Sale, the net proceeds of the sale

up to the amount of the Indebtedness shall be delivered to Lender at closing, the Receiver shall
retain an amount equal to the amount of his unpaid fees and costs pending approval of such fees
and costs by the Court, the Receiver shall forward remaining proceeds to the IRS pending further
order of the Court, Lender shall release its lien on the Property, and the IRS shall release and
withdraw its lis pendens on the Property. The Court’s Order pursuant to this Stipulation would
be self-effectuating and would not only approve the Sale or Lender Sale, but serve as
confirmation of the same, without further order of the Court, and the purchase price paid after the
Receiver’s marketing efforts would establish the fair value of the Property, the parties hereto
waiving the benefits of any other procedure, under law or otherwise, that may establish fair or
appraised value. In the event of sale to the Lender, no broker’s commission shall be payable in
connection with such sale.
13.

Except for the rights and benefits established by the terms of this Stipulation, and

so long as the parties hereto comply with their obligations hereunder, upon entry of the order
submitted herewith (the “Order”) Lender waives any rights to further litigate against the United

States concerning its interest in the Property or to petition for remission or mitigation of the
forfeiture.
14.

The United States, Lender, and Borrower agree to execute further documents, to

the extent reasonably necessary, to implement the terms of this Stipulation and the Order and to
convey marketable title to the Property.
15.

Upon entry of the order submitted herewith, each of the parties to this Stipulation

shall bear their own attorneys fees and costs that were incurred with respect to the
commencement, prosecution, and defense of this litigation that were specifically applicable to
the Property, provided, however, this Stipulation will not waive Lender’s rights under its
applicable loan documents to recover its fees and costs from Borrower, any other obligor for the
debt owed to Lender, or from proceeds of Lender’s collateral, including the Property.
16.

For purposes of effectuating this Stipulation, the parties do not contest that there

was probable cause for the posting of the defendant Fair Oaks Property, and for the
commencement and prosecution of this forfeiture action against the defendant Fair Oaks
Property, and further agree that the Court may enter a Certificate of Reasonable Cause pursuant
to 28 U.S.C. § 2465, with respect to the defendant Fair Oaks Property.
17.

Third parties, including any title company, would be entitled to rely upon the

Court’s Order, and a certified copy of the Order would be recordable, by any such title company
or by any party, with the office of the recorder of deeds in the county in which the Property is
situated.
18.

If any title insurance company working with any party to insure title to the

Property requires revisions to the Order, the parties may present a modified version of the Order
for expedited consideration and entry by the Court.

WHEREFORE, Plaintiff, Lender, and Borrower agree to the Stipulation as set forth
herein and request that the Court enter the order submitted herewith.
Dated: October 31, 2013

BENJAMIN B. WAGNER
United States Attorney
By:

Dated: October 31, 2013

POLSINELLI LLP
By:

Dated: October 31, 2013

/s/ Kevin C. Khasigian
KEVIN C. KHASIGIAN
Assistant U.S. Attorney

/s/ Wesley Hurst
WESLEY HURST
Counsel for Lender

ORRICK HERRINGTON &
SUTCLIFF, LLP
By:

/s/ Courtney J. Linn
COURTNEY J. LINN
Counsel for Borrower

ORDER APPROVING STIPULATION FOR APPOINTMENT OF RECEIVER
AND FOR MARKETING AND SALE OF PROPERTY BY RECEIVER
On October 30, 2013, Plaintiff and other parties in interest filed with the Court their
stipulation calling for the appointment of a receiver to take possession of, administer, and market
for sale certain property that is subject to this action (the “Stipulation”), and the parties
requested that the Court enter an order approving the Stipulation. The Court, having jurisdiction
over the parties and the subject matter, and being advised in the premises and for good cause
shown, approves the Stipulation and finds and orders as follows.
1.

The parties who filed the Stipulation and who have sought approval of the

Stipulation are the United States of America, the Plaintiff in this action (“Plaintiff”), U.S. Bank
National Association, as Trustee for the Registered Holders of WAMU Commercial Mortgage
Securities Trust 2007-SL3 Commercial Mortgage Pass-Through Certificates, Series 2007-SL3
(“Lender”), and Volen 7 Properties, LLC, a California limited liability company (“Borrower”).
The parties have stipulated to the appointment of Brandon Scott to act as receiver (the
“Receiver”) to take possession of, administer, and market for sale certain real property,
improvements thereon, and personal property that is both subject to forfeiture in this action and
subject to a first-priority lien in favor of Lender, securing indebtedness of greater than
$900,000.00 owed to Lender.
2.

Lender is the holder and owner of that certain commercial real estate mortgage

loan (the “Loan”) in the original principal amount of $860,000.00 (the “Loan”), the borrower
under which is Volen Properties 7, LLC (“Borrower”).
3.

In connection with Lender’s ownership of the Loan, Lender is the holder of that

certain Promissory Note, dated December 15, 2006, in the original principal amount of
$860,000.00, the maker of which is identified as Borrower (the “Note”).

4.

In connection with Lender’s ownership of the Loan, Lender is also the owner of

that certain Deed of Trust, Security Agreement, Assignment of Leases and Rents, and Fixture
Filing (the “Security Instrument”), dated as of December 15, 2006, under which Borrower is
the grantor. A copy of the Security Instrument is attached hereto as Exhibit 2.
5.

By the terms of the Security Instrument, Borrower granted a first-priority lien on

certain real property, improvements thereon, and personal property identified in the Security
Instrument (collectively, the “Property”). The Property includes certain real property and
improvements, comprising an 8822 square-foot, seven-unit office building located at 10940 Fair
Oaks Boulevard in Fair Oaks, California.
6.

The Loan is in default, including by virtue of Borrower’s failure to make monthly

payments on the Loan, as and when called for under the Note and Security Instrument, since
October 2012. Borrower’s obligations under the Loan have been accelerated and are
immediately due and owing to Lender.
7.

Borrower’s principal and managing member is Bart W. Volen (“Volen”). On

March 20, 2012, the United States commenced this in rem action against certain properties
owned by entities owned and/or controlled by Mr. Volen, seeking forfeiture of such properties.
Among the properties that are the subject of this action is the Property.
8.

Accordingly, the Property is subject to liquidation via the foreclosure process

(which may be judicial or non-judicial under California law) by virtue of Borrower’s default on
the Loan, or possible via the forfeiture provisions of 18 U.S.C. Section 981, et seq.
9.

Plaintiff, Lender, and Borrower desire to maximize the return from a sale of the

Property, so that Lender’s secured indebtedness may be paid in full from such sale and so that
the proceeds of the sale in excess of the debt owed to Lender may be disbursed to the IRS

pending further order of the Court. Lender has duly filed its claim in this case in the following
amounts: principal in the amount of $811,624.33; interest through April 19, 2012 in the amount
of $7621.05; default interest through April 19, 2012 in the amount of $338.19; interest after
April 19, 2012 at the per diem rate of $155.40; default interest after April 19, 2012 at the per
diem rate of $112.73; processing and documentation fees in the amount of $75.00; fees and
costs, including attorneys fees, through April 19, 2012 in the amount of $14,755.00; and fees and
costs, including attorneys fees, that have accrued and have continued to accrue thereafter
(collectively, the “Indebtedness”).
10.

While recognizing that nothing is certain, Plaintiff, Lender, and Borrower have

agreed that, and are hopeful that, the Property may have a value in excess of the Indebtedness.
Plaintiff, Lender and Borrower have further agreed that neither a foreclosure sale of the Property
nor an immediate sale of the Property under 18 U.S.C. Section 981 et seq. would maximize the
return on the Property and instead would virtually ensure that the return for the Property would
be less than the amount of the Indebtedness. Accordingly, Plaintiff, Lender, and Borrower have
stipulated and agreed that the superior course of action would be to appoint Scott as Receiver so
that Scott may administer the Property, take such actions as are reasonably necessary to increase
the marketability of the Property, market the Property – in an orderly but prompt fashion – for
sale, and then sell the Property pursuant to a procedure agreed to by Plaintiff and Lender.
11.

Scott is a principal at BLR Asset Management (“BLR”), which has experience

managing real property throughout the State of California. A copy of Scott’s curriculum vitae is
attached hereto as Exhibit 3.
12.

Scott shall retain Voit Real Estate Services as the broker for sale of the Property.

Scott proposes to market the Property for sale over a period of approximately 120 days. After

such marketing Scott will, subject to the terms and provisions hereinafter set forth in this
paragraph, sell the Property free and clear of Plaintiff’s interest and Lender’s interest on a
specified sale date (the “Sale Date”) to the third-party bidder (the “Sale”) placing the highest
and best bid for the Property (the “Third Party Bid”), provided, however, if such Sale would
result in a yield of net sale proceeds (after payment of a sale commission of six percent of the
gross sale price to Voit, together with other expenses of sale) less than the Indebtedness and if
such Sale is not approved by Lender, the Receiver will on the Sale Date sell the Property to the
Lender (the “Lender Sale”) for an amount that is $1000.00 in excess of the Third Party Bid (the
“Lender Sale Price”) (which Lender Sale Price may be paid by Lender by Lender crediting
such Lender Sale Price against the Indebtedness).
13.

Following consummation of the Sale or Lender Sale, net proceeds of the sale up

to the amount of the Indebtedness shall be delivered to Lender at closing, the Receiver shall
retain an amount equal to the amount of his unpaid fees and costs pending approval of such fees
and costs by the Court, the Receiver shall forward remaining proceeds to the IRS pending further
order of the Court, Lender shall release its lien on the Property of record, and the IRS shall
withdraw its lis pendens on the Property. This Order is self-effectuating and not only approves
the Sale or Lender Sale, but serves as confirmation of the same, without further order of the
Court. The Court finds that the purchase price paid after the Receiver’s marketing efforts shall
establish the fair value of the Property, and Plaintiff, Lender and Borrower have waived the
benefits of any other procedure that might be applicable, under law or otherwise, that may
establish fair or appraised value. In the event of sale to the Lender, no broker’s commission shall
be payable in connection with such sale.

14.

Scott is appointed as Receiver, without bond, to act and serve as receiver with

respect to the Property, and with respect to the income therefrom, whether now existing or
hereafter collected, including the rents, profits and income from the Property.
15.

Effective immediately, the Receiver is authorized to take and have complete and

exclusive control, possession and custody of the Property, together with any and all forms of
accounts, accounts receivable, payment rights, cash, and cash equivalents, all of which shall be
delivered to the Receiver, without any right of offset or recoupment, by Borrower and its agents,
managers, and/or property managers.
16.

Delivery to the Receiver shall include: (1) all keys; (2) all leases; (3) all security

deposits, rent, prepaid rent, other sums relating to the use, enjoyment, possession, improvement
or occupancy of all or any part of the Property; (4) any and all licenses maintained in connection
with the Property; (5) any and all agreements entered into in connection with the Property; (6)
any and all contracts in effect with respect to any of the Property; and (7) all bank accounts,
other deposit accounts, credit card receipts, demand deposits, reimbursement rights, bank
deposits, security deposits, and all other forms of accounts, accounts payable, payment rights,
cash, and cash equivalents.
17.

Borrower and its agents, managers and property managers shall not dispose of,

dissipate, mishandle or misappropriate any of the Property.
18.

The Receiver is hereby immediately vested with (and Borrower and its agents,

managers and property managers shall immediately deliver) the books and records with respect
to the operation of the Property.
19.

The Receiver is authorized to operate, lease, market for sale or lease and, subject

to the terms set forth above in this Order, sell the Property free and clear of liens, encumbrances

and other interests in the Property, with the lien of Lender and the interest of Plaintiff in the
Property attaching to any cash proceeds of such sale. Such sale is in the best interests of the
receivership estate created hereby and is in the best interests of the parties.
20.

The Receiver is authorized to retain, hire or discharge employees at the Property,

without any liability to the Receiver, and is authorized to retain a property manager and a listing
agent for the Property, including as set forth above in this Order.
21.

The Receiver is authorized to make payments and disbursements, in the ordinary

course of business, as may be needed and proper for the preservation of the Property.
22.

The Receiver is authorized to receive and collect any and all sums due and owing

to Borrower, whether the same are now due or hereafter become due and owing, and to deposit
such sums into an account in its own name (which sums shall not be commingled with any other
funds) established and maintained by the Receiver;
23.

The Receiver is authorized to maintain appropriate insurance, to continue any

current insurance policies in place, and to purchase further insurance as the Receiver deems
appropriate, and Borrower is ordered not to discontinue or interfere in any manner with
insurance policies currently in place.
24.

The Receiver is authorized to prepare and file tax returns with respect to the

Property as may be required by law, provided, however, that the Receiver shall not be
responsible for the preparation of any tax returns for Borrower, and Receiver is authorized to
appeal any real estate tax assessment of the Property.
25.

The Receiver is authorized to: (1) negotiate and enter into new leases, occupancy

agreements and contracts in the ordinary course of the business of the Property; (2) pay all
utilities, expenses and other obligations secured by, or which may give rise to, liens, and all other

outstanding obligations to suppliers and servicers in the ordinary course of business; (3) make
repairs necessary to the maintenance of the Property, including, but not limited to, all repairs to
remediate any environmental conditions present at the Property, in order to preserve the Property
in the ordinary course of business, provided, however, that the Receiver shall not make any
improvements, repairs or remediations having a cost of $5000.00 or more without first obtaining
Court approval or consent of the parties to the Stipulation; and (4) take all steps necessary to
comply with all requirements, regulations and laws applicable to the Property, and to deal with
all regulatory authorities in connection with the same, including but not limited to obtaining
licenses, permits or approvals as allowed or required by law.
26.

The Receiver is authorized to apply income from the Property, subject to the lien

rights of Lender, as follows: (1) to the Receiver’s approved fees and expenses; (2) to current
operating expenses of the receivership incurred by the Receiver in the ordinary course of
business; and (3) to the obligations owed to Lender by Borrower.
27.

The Receiver is authorized to maintain sufficient cash on hand to enable the

Receiver to meet expenses, including expenses relating to the operation of the Property in the
ordinary course of business.
28.

The Receiver is authorized to retain a property manager (the “Property

Manager”) for the Property. The Property Manager shall receive a management fee equal to
$850.00 per month, and the Receiver shall receive a receivership fee of $150.00 per hour, not to
exceed $500.00 per month. The Receiver and Property Manager shall be entitled to
reimbursement for reasonable out-of-pocket costs and expenses. The foregoing shall be the sole
compensation payable to the Receiver and the Property Manager, notwithstanding any
engagements made by the Receiver and notwithstanding any amount of monies that may be

distributed by the Receiver to Plaintiff or any other person or entity in the course of the
receivership.
29.

No person or entity may file suit against the Receiver, in his capacity as Receiver,

unless otherwise authorized in advance by this Court.
30.

The Receiver, and those agents and any property manager acting under his

control, shall have no personal liability in connection with any obligations owed by Borrower to
Borrower’s creditors, and no creditor of Borrower (other than Plaintiff and Lender herein) may
seize or attempt to seize any property delivered to the Receiver hereunder.
31.

The Receiver, and those agents and any property manager acting under his

control, shall have no personal liability in connection with their conduct in the course of this
receivership, except for claims due to their failures to comply with the Orders of this Court.
32.

Nothing contained in this Order shall be construed as obligating the Receiver to

advance its own funds in order to pay the costs and expenses of the receivership.
33.

The Receiver may apply at any time to the Court for further instruction and for

further power necessary to enable the Receiver to properly fulfill his duties.
34.

The entry of this Order shall not in any manner preclude any consensual

resolutions that may be reached between or among any of the parties to the Stipulation.
35.

The Receiver shall not be required to post any receivership or surety bond as a

condition to his appointment.
36.

Except for the rights and benefits established by the terms of the Stipulation and

this Order, and so long as the parties hereto comply with their obligations hereunder, Lender
waives any rights to further litigate against the United States concerning its interest in the
Property or to petition for remission or mitigation of the forfeiture.

37.

Unless otherwise provided by the Stipulation or this Order, or specifically

directed by order of this Court, Lender is hereby excused and relieved from further participation
in this action.
38.

The United States, Lender, and Borrower agree to execute further documents, to

the extent reasonably necessary, to implement the terms of the Stipulation and this Order and
convey marketable title to the Property.
39.

Each of the parties to the Stipulation shall bear their own attorneys fees and costs

that were incurred with respect to the commencement, prosecution, and defense of this litigation
that were specifically applicable to the Property, provided, however, neither the Stipulation nor
this Order shall waive Lender’s rights under its applicable loan documents to recover its fees and
costs from Borrower, any other obligor for the debt owed to Lender, or from proceeds of
Lender’s collateral, including the Property.
40.

For purposes of effectuating the Stipulation, the parties do not contest that there

was probable cause for the posting of the defendant Fair Oaks Property, and for the
commencement and prosecution of this forfeiture action against the defendant Fair Oaks
Property, and further agree that the Court may enter a Certificate of Reasonable Cause pursuant
to 28 U.S.C. § 2465, with respect to the defendant Fair Oaks Property.
41.

There are no other terms or conditions other than those specified in the Stipulation

and this Order.
42.

In the event that one party asserts that another party has breached the Stipulation

or this Order, or failed to comply with any term of the Stipulation or this Order, the parties
hereby agree that the U.S. District Court for the Eastern District of California, Hon. Troy L.

Nunley, District Judge, shall retain jurisdiction to enforce the terms of the Stipulation and this
Order.
43.

Third parties, including any title company, may rely upon this Order, and a

certified copy of this Order may be recorded by any such title company or by any party with the
office of the recorder of deeds in the county in which the Property is situated, and the clerk and
other agents of such office shall accept and record this Order upon such presentation.
44.

If any title insurance company working with any party to insure title to the

Property requires revisions to this Order, the parties may present a modified version of this Order
for expedited consideration and entry by the Court.

Dated: October 31, 2013

Troy L. Nunley
United States District Judge