Filing 15

DEFAULT JUDGMENT entered against Defendant Michael Lee Faircloth. Signed by US District Judge Terrence W. Boyle on 8/19/2013. Counsel is directed to read Default Judgment in its entirety for critical information. (Fisher, M.)

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IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF NORTH CAROLINA WESTERN DIVISION No. 5:12-CV-780-BO UNITED STATES OF AMERICA, Plaintiff DEFAULT JUDGMENT v. MICHAEL LEE FAIRCLOTH Defendant Upon motion, the plaintiff, request, United and proper States of showing by America, attorney the for above-named defendants having failed to appear, plead or otherwise defend as provided by Rule 55 of the Federal Rules of Civil Procedure, entry of default has been entered against Defendant Michael Lee Faircloth. In accordance with Rule 55(b) of the Federal Rules of Civil Procedure, counsel for the plaintiff, having requested judgment against the defaulted defendants having filed a proper affidavit, of the United States of America, plaintiff and against and judgment is rendered in favor the above named defendants as follows: • Judgment against Defendant Michael Lee Faircloth, the sum of $117,512.73 principal, accrued thereon through September 7, plus 2012, for interest in the sum of $5, 271.11, plus interest thereafter until paid at the daily rate of $6.4391. • Further, Defendant is enjoined from selling, trading, or wasting any assets covered by the Promissory Notes, Security Agreement, may be allowed or Financing Statement, by the Promissory except as Notes, Security Agreement, or Financing Statement. • complaint interest holding instrument security Plaintiff's is foreclosed and of Michael Lee by, through, or all the title, right, Faircloth under in and referred or them, any persons including any equity or redemption or rights of power, and rights of any junior lienholders, the personal property are at forever barred in and to issue in the security instrument. • Upon foreclosure, sold by notice, the the the said personal property shall be United States and conditions Court may require, after payment of costs as Marshal the upon such time, law may prescribe and out of the associated with and net proceeds, the sale, of said Plaintiff be paid the amount thereof on its claim above described. 2 This the _lj,_ day of ¥ -, 2013. ~E'!:l! UNITED STATES DISTRI 3 JUDGE

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