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Case 25-23251-MEH Doc18-11 Filed 12/22/25 Entered 12/22/25 20:08:18 Desc
Exhibit J Page 9 of 15
oO. If the closing of the sale of the Property does not occur for any reason, including
the appeal of this Order, within 90 days from the entry of this Order, Lender retains the right, in
its sole and absolute discretion, to instruct the trustee under its deed of trust to sell the Property by
foreclosure.
P. Notwithstanding any provision of the Sale Agreement to the contrary: (i) all
obligations of the Receiver to Purchaser under the Sale Agreement and any documents delivered
Z
by the Receiver to Purchaser pursuant to the Sale Agreement (collectively, the “Obligations”) shall
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: ‘S be NON-RECOURSE to the Receiver and the Receiver shall not have any personal liability; and
2 344 (ii) the Obligations, which may become due and payable to Purchaser under the Sale Agreement
$ : or any document delivered by the Receiver or any other entity to Purchaser pursuant to the Sale
¥ 2z Agreement, shall be payable solely from the Property to the extent it constitutes part of the
6” Receiver’s estate created by the Receivership Order. The provisions of the Sale Agreement that so
ss z state shall survive the closing of the sale of the Property or any earlier termination of the Sale
SY 2 Agreement.
é 3 Q. After the entry of this order by the Court, the Clerk of the Court is directed to record
oa + this Order in the Judgment Lien Book and the land records of this Court and index it in both places
¢ * in the name of Seaview Apartments LLC, a Virginia limited liability company, as grantor.
§ 4s R. The SBA Objection is resolved as set forth in this paragraph. Notwithstanding any
é provision of this Order to the contrary, the sale of the Property as outlined herein is subject to the
y rights of SBA under the SBA Lease and Easement.
4 Ss. The Seaview Tenants’ Objection is resolved as set forth herein and in the Settlement
3
Agreement and the Note Sale and Assignment Agreement, both entered into or to be entered into
whieh, Saal be ~———
and the Tens o Setlemadt Docuwm
between the Lender and the Seaview Tenants.
w as Ww
nt Settlement Documents y
Order shal) cntet.
Th the gent
[Visually checked handwritten addition to paragraph S: the Settlement Agreement and Note Sale and Assignment Agreement are “Tenant Settlement Documents”. Margin: “In the event of a conflict between the terms of this Order, on the one hand, and the Tenant Settlement Documents, on the other hand, the terms of this Order shall control.”]Jump to an indexed page (15 of 15)