Regions Bank v. The M/Y ELIDE

Filing 57

ORDER granting 28 Plaintiff's Motion for Summary Judgment. Signed by Chief Judge Federico A. Moreno on 3/4/2014. (rtn)

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UN I TED STATES D I STRI COU RT FO R TH E CT SO U THERN D I STRI O F FLO RI A CT D M i iDi son am vi i C ase N um ber: 1321013ClV- O REN O M REGI S BAN K, ON Pl ntf , ai if V S. THE M / ELI E,a 52' VA M OTO R YA CH T, Y D RI Hul ID. O. 7 l . N X1A52123G506, t e ne , t e, 1 is ngi s ackl rggi a r ,a d a i ng, ppa el n ppure ce ,e c i rem , tnan s t ., n and RU GG I YA CHTI G,LLC, i ERI N nper sonam , D ef endant s. O RD ER G R AN TI G SUM M AR Y JUD G M EN T N I FA VO R O F PLA I TI REG IO NS BAN K N N FF Pli ifRe onsBa Cs gi ' c antf gi nk Re ons' omme e t sa tont f e os aFis Pr er Shi ) nc d hi ci o orcl e rt efred p M orga on D e e n ve s S / Elde. Re ons hol t m or g e pur ua t 46 U .S. j t ge f nda t s el E Y i ' M ' gi ds he t ag s nt o C. 31 22. M / Elde s ur s a Pr i s y N ot e c e i 2007 be w e n Re ons a D e e nt 3 Y i ec e om s or e xe ut d n t e gi nd f nda Ru eiYa htng, (sk ggir' a tenoerquiesmont ypa me t.Upont oc ure e ggir c i LLC çlu e i nd h t e r ), hl y ns he c rnc ofa S ve tofde a t' s c asa m i s d pa e t Regi coul exer s is opton f t entr nt n e f ul, u h ' s e ym n , ons d cie t i or he ie a ountt beeom e i m edi el due and payabl upon wril notce and/ dem and. Furt r,t m o m at y e ten i or he he m orgage r r Ruggi it m ai ai and pr er M / Elde i s orhi s condii and i t equies er o nt n es ve Y i n eaw t nes ton n good sat ofr r t e epai . l O c obe 201 M / Eldepa ta l s nk, ndt ve s l sbe n s or d ou s def r2- ye s n t r 0, Y i ri ly a a he s e ha e t e t i o 3 ar wiht e nesdi a s m bl d.Th ves el e at t l e ni al ndcos e i r tt M / Elde was t he ngi s se e e s ne ds o a m cha c a m tc e i . Y i aresed on Apr l2,2013 and i i t cust ofN a i M artm e Servi , l r t i s n he ody tonal ii ces nc. Regi alegesi hasdecl red t w hol oft out t ng i ons l t a he e he s andi ndebt ednessundert not a he e nd m ort gage t be i m edi el due and payabl and t t alhough dem and w asm ade, t outt ng o m at y e ha , t he s andi i bt d s ha no be n pa d. 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Fort r ons s a ed bel and bas upon ar enti open cour on M ar 3, he eas tt ow ed gum n t ch 201 teCo ti t r aenodiputdis esofmaeilfc, ndgrnt s 4,h ur fnds hee r s e su tra a ta a s ummar u nto yj dgme n labiiy on t gr i lt he ounds t Def hat endant have def t on t m ort s auled he gage f f l e t m ai ai t or aiur o nt n he ve s li a s a orhy eo ton a i g r pai. se n e w t ndii nd n ood e r Fis ,t e i no diput as t t aut i t or cont s of t Prom i or N ot or Fi t r t her s s e o he hentciy ent he ss y e rs Pr ered Shi M ort ef r p gage. Second,t e i no di et t ves elownerhasf l t m ai ai t her s sput hat he s aied o nt n he ves e i s a o t y e dii p s nt o Ari e 4 oft e m or g e, e r qui e t tt ve s lbe s l n e w r h on ton ur ua l tcl h t ag whi h e r s ha he s e m ai ai i a s orhy condii and good sat ofr ri of asdue dii nt ned n eaw t ton t e epai ns ar lgence can m ake i s t o. ( E.13a 4( t4).Ac or ngt t Ve slDeal Co tonRe t tdAprl 201 ( E. D. - t Ar. 1 c di o he se tied ndii por dae i9, 3 D. 27 1,whihteMa srt f nda teCour agee c nsiut a quaee de ef s mmay - 1 c h gitae ou nd h t r s o tt es de t vi nc or u r 1M/ Elde' i ur Y i s ns anceunder ier M arne l ur wrt , i ns ance Company Li ie ha fl anacton bef e m t d, s ied i or t Ho orbl Unie Sae DititCo t u eKahle W ila ( 1 -v- 2 ) s e i a he n a e td tts src ur J dg t e n lims No. 3c 23 24 , e kng d ca aoq j dg n o nois a c c e a ea dvod n eo t p iy.TheDee da si ti a to ae e lrt u me t f n urn e ov rg n ia c f he olc f n nt n hs cin r Ru ge i c tn De e Cadwel(heo e ofM/ Eld ) Re o sBa k, n Gr v Hab rM ai g ir Ya h ig, rk l l t wn r Y ie , gin n a d o e r ou rna a Ca i an M ar pl l As oft da e oft s Or ,Gr Ha bourhasfl count cl ms nd rbbe ket ace, nc. he t hi der ove r ied er ai agai tM arne l ur ns i ns ance,w ho i seeki t di i t count cl m s,and M arne l s ng o sm ss he er ai i nsurance has fl amoi f dea t udg n a t Ruggir andCalwel. ied ton or fulj me t s o ei d l - 2- j d me ttev se h sb e so e o tief r 3y aswihtee gn sds se ld and needs u g n,h e s l a e n tr d u sd o 2- e r t h n ie ias mbe , a t alm echani and cosm etc r i. Thid,t r i no di pu e t tDef ndan Rug er ha a t al ot cal i eft r he e s s t ha e t gi i d c u n i e oft s c to a c e d by Ruggi r ' r pr s nt tve Sa i M as ii a s or a fda t otc hi ondii n, s onc de e is e e e a i mr r n w n f i vi ( E.43-1. The Cou tt rf e a e swih t Ma srt t tt alenaie rquie t of D. J r heeor gre t he gitae ha he tr tv e rmens S tc orkno l dge ' o t i s ofw h t rRug er r c ved no i e ofu e w orhi s f om t ie no w e ' m ot he s ue e he gi i e ei tc ns a t ne s r Re onsafe M / Elde p r i ly s nk i Oc obe 20l . gi t r Y i a ta l a n t r 0 The Cou tdiag e ,h e r w ih t M a s r t s i e pr t ton oft m orga e. 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The Cour r ads s c i k 't des r b t s pa a e e nt of def t e h s f i e t t te e ton û o c i e wo e r t ve s n' aul, ac u fci n o mant n a a ton f def l:(1 Dea ti t obsr nc orpef ma e ofa ofte ohe i ai n ci or aut ) ful n he eva e ror nc ny h t r c ve nt, ondii ora e me sc ti di t smorga ia e nt d a tor( Anys h o na s c tons gre nt onane n hi t ge s n ve of eful; 2) uc de a tt a i c pa e ofbei g cu e a i n c e w ihi 1 da , i a e n ofde a t St e f ul h t s a bl n r d nd s ot ur d t n 0 ys s n ve t f ul. at d dif e ty, ft de aul i r a o y ca bl ofbei cu e w ihi 1 da , and i i notcur w ihi fer n l i he f t s e s nabl pa e ng r d t n 0 ys ts ed t n t tm e,t e i an eventofdef tundert second opton. I t def ti notr onabl capabl hat i her s aul he i f he aul s eas y e ofb ng c e wihi 1 da , t fr topton woul a y a t r i s iladef ul. The fr topton ei ur d t n 0 ys he i s i d ppl s he e s tl a t is i a i t t i t tc s wher De e nt ha f ie t c pl w ih t s a orhi sr quie e pples o he nsan a e e f nda s ve a l d o om y t he e w t nes e r m nt u rAr i l 4 oft Fis Pr f r e Shi M orga nde tc e he r t e e r d p t ge. To r t m orgage ot ead he t herw ie r t i a scenari w her t e i dam age t t vess s esuls n o e her s o he el c usng i t be uns a orhy,b t da ag i i a e ofbe ng r pa r d i l da ,a f t t a i to e w t ut he m e s nc pabl i e ie n 0 ys nd or ha r a on al ne t r i no def t I t s s e ro,s gnii a da a c r m ai u e r d a es o he e s aul. n hi c na i i fc nt m ge an e n nr paie nd Re o woul ha no r m e a ns Ru e i f f ii g t c pl w ih t s a orhi s gi ns d ve e dy gai t ggi r or a ln o om y t he e w t ne s oblga i i A ri l 4 oft mor g e. i ton n tc e he t ag he r i n c tng The Cou t fnds s h a r a ng c r r t t i t ntons of t pa tes i exe u i a r i uc e di ont a y o he n e i pr i s y n e s cu e by t e m o t ag To r t n t val of t s c iy,t ves e m us b om s or ot e r d h r g e. e ai he ue he e urt he s l t e m a nt ne i g r pa ra a s aworhy c ton. M or ove , o r a t m orga i t sm a r i ai d n ood e i nd e t ondii e r t e d he t ge n hi nne dir a dst lngu ei Ari l 4 t t heves e bemant ne i as a t c to tns a a seg r he a ag n tce ha t sl i ai d n e worhy ondiin i of r s i du diien c ma i s '( E.13a 4( t4),whih rc z st tt r aonablnesof e lg ce an ke t o' D. - t Ar. J c e ognie ha he e s e s com plance wih m ort i t gage oblgatons wilvar accor ng t t cicum s ances. Accor ngl i i i i l y di o he r t di y, t s ADJ UDGED ta s mmayj d me ti GRANTED i ga tdi fvo o Plit fRe in htu r u g n s s rn e n a r f ani go s f Ba a i tDe e nt M / Eldea Rugger Ya htng.Defnda sa ei def t nk ga ns f nda s Y i nd i i c i e nt r n aulunde t eFis r h rt Pr e r d Shi M or g ge f f l et m a n ai t ve s li as a orhi s c ton a g s a e ef r e p t a or aiur o i t n he s e n e w t ne s ondii nd ood t t ofr pai whe e Ruggi r ha knowl dge oft ve s lsco ton. e r r ei d e he s e ' ndii kc D ON E AN D O RDERED i Cha be sa M i i Fl i ,t s I da o M a c 201 n m r t am , orda hi y f r h, 4. FED E C A . REN O UN I TED STATES DI STRI JUD GE CT Copi pr ded t es ovi o: Couns ofRecor el d - 4-

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