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Case 25-23251-MEH Doc18-10 Filed 12/22/25 Entered 12/22/25 20:08:18 Desc
Exhibit | Page 10 of 12
this Order, and (ii) a motion to formally discharge the Receiver from his duties pursuant to this
Order. If possible, Receiver shall retain sufficient funds to pay final bills and expenses related to
the Property.
12. Borrower and any acting property manager shall fully cooperate with Receiver in
adding Receiver, any management company retained by Receiver, and Lender, if necessary, as
named insureds, and Lender as the loss payee, on all insurance maintained by Borrower relating
to the operation and management of the Property including, but not limited to, fire, extended
coverage, auto and van coverage, property damage, liability, fidelity, errors and omissions, and
workers compensation, and modifying the policies if deemed appropriate by Receiver. Borrower
and all persons acting under its direction (including any property manager) are prohibited from
canceling, reducing, or modifying any and all insurance coverage in existence with respect to the
Property (provided that nothing herein shall require Borrower to renew or extend any insurance
coverage upon its expiration).
13. No lien, claim, or other security interest in any property affected by this
receivership will in any manner be affected by this Order. Any party鈥檚 failure to oppose the
appointment of Receiver, any party鈥檚 consent to the appointment, or any party鈥檚 procurement of
the appointment will not constitute a waiver of any lien, claim, or right.
14. No person or any agent of any person with actual notice of this Order shall interfere
with any property in the control of Receiver or subject to this Order, nor interfere with Receiver
in the carrying out of any duty under this Order.
15, All third parties (including but not limited to financial institutions) in possession of
assets subject to this Order are hereby ordered to turn over such assets to Receiver within five (5)
business days of receipt of a copy of this Order.
ORDER APPOINTING RECEIVER - PAGE 9Jump to an indexed page (12 of 12)