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Seaview: February 11, 2025 order appointing special receiver, ECF 18-10

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Case 25-23251-MEH Doc18-10 Filed 12/22/25 Entered 12/22/25 20:08:18 Desc Exhibit | Page 2 of 12 VIRGINIA: IN THE CIRCUIT COURT FOR THE CITY OF NEWPORT NEWS a Virginia limited partnership, BETHPAGE FEDERAL CREDIT UNION, § § Plaintiff, § § _ vy. § Civil Case No. CLZ4 05300 T-0D § SEAVIEW APARTMENTS LLC, § § § § Defendant. ORDER APPOINTING SPECIAL RECEIVER The Plaintiff, Bethpage Federal Credit Union (“Lender”), seeks the appointment of a receiver for certain property that is owned by the Defendant, Seaview Apartments LLC, a Virginia limited liability company (“Borrower”).! The Court hereby finds and orders as follows: IT IS HEREBY ORDERED AND ADJUDGED as follows: 1. The Court finds that the appointment of a special receiver is necessary for the residential apartment tower located at 2 28th Street (also known as 90 28th Street), Newport News, Virginia (as further described in the Schedule A attached hereto, “Property”).2 2. StreamCo Property Resolutions, LLC, Pavilion Center, 2101 Parks Avenue, Suite 403, Virginia Beach, Virginia (757) 333-7176, edenton@commonwealthcommercial.com, possesses the necessary qualifications, is not a party, attorney, or other person interested in this action and is hereby appointed receiver of the Property (“Receiver”), 1 Capitalized terms that are not otherwise defined herein shall have the meaning(s) assigned to such terms in Plaintiff's Verified Complaint (the “Complaint”). 2 The Property includes the real property, comprised of the building, the surrounding real property on which it sits, and any personal property and general intangibles referenced and described in the Deed of Trust. The Property does not consist of any personal property of former tenants of the Property that may still be located at the Property. ORDER APPOINTING RECEIVER — PAGE 1
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