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Case 25-23251-MEH Doc18-10 Filed 12/22/25 Entered 12/22/25 20:08:18 Desc
Exhibit | Page 8 of 12
8. Receiver’s Authority. The authority granted to Receiver be self-executing; and
t. General_Authority. The Receiver be permitted to take any and all actions
necessary to preserve the income to and value of the Property; and to perform any
other acts in regard to the Property as authorized by this Court.
4. At the request of Receiver, any depositary institution holding Borrower’s funds
related to the Property shall close accounts holding the Property’s funds and transfer those funds
pursuant to the Receiver’s direction.
5. To ensure the orderly operation of the receivership and maximize the value of the
assets, Receiver shall do the following:
(a) Receiver, his employees and retained professionals shall prepare
monthly statements of services rendered and time expended during
the course of the receivership. Those periodic statements shall be
filed with the Court and made available to the parties in this
litigation.
(b) Unless a party files a written motion objecting to the payment of a
periodic invoice within ten (10) calendar days of receipt of the
invoice, Receiver is authorized to pay or receive payment of the
invoice. In the event that a written objection to the payment of the
claim is timely made with Receiver and the Court, the objection
shall be set for hearing by the objecting party as soon as possible.
6. Receiver shall file monthly reports with the Court (copying Lender and Borrower)
advising the Court of the status of the Property.
7. In order to promote judicial efficiency, all persons who receive actual or
constructive notice of this Order are enjoined in any way from disturbing the receivership assets.
8. Notwithstanding the foregoing, Lender shall be permitted, if it so choses, without
prior permission, prior approval, or further order of this Court, to take such actions as are necessary
to prepare to conduct and to conduct a non-judicial foreclosure sale of the Property pursuant to the
terms of the Loan Documents (defined in the Petition) and applicable statutes, including, without
limitation, posting notices of sale, sending notices and demand letters, if necessary, filing notices
ORDER APPOINTING RECEIVER — PAGE7Jump to an indexed page (12 of 12)