Free Motion for Miscellaneous Relief - District Court of Arizona - Arizona

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ARIZONA Securities and Exchange Commission, Plaintiff, vs. Ronald Stephen Holt; and International Funding Association, Defendants, and Annette Holt; American Assets Limited Trust; Leonora Street Trust; Dover Childrens Trust; Clarendon Avenue Holding Trust; Dublin Holding Trust; Jeffery Williams (aka Jeffrey Williams); Mari Ann Alston; Pacific Central Asset Management; and American Benefit Card Services, Inc. Defendants Solely for Purposes of Equitable Relief. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Cause No. CV 03-1825 PHX PGR ORDER RE: PETITION NO. 24

The Receiver's Petition No. 24, Petition for Instructions Regarding Property Located at 10620 North 84th Street, Scottsdale, Arizona , having been filed with the Court and all parties entitled to notice having been notified by service of the Petition in accordance with

Case 2:03-cv-01825-PGR

Document 305-3

Filed 09/06/2006

Page 1 of 2

this Court's Order Re: Petition No. 2, and it appearing to the Court that the relief requested is reasonable and appropriate. NOW THEREFORE, IT IS ORDERED: 1. Authorizing the Receiver to secure and prepare the Property for sale, and

market and sell the Property in accordance with the procedures set forth in this Court's Order Approving Procedures for the Sale of Real Property Re: Petition No. 10 (Doc. #184) and apply the sale proceeds to pay (a) the existing encumbrances, including any secured obligations to the Sellers, (b) all costs of the sale and associated with this petition incurred by the Receiver (3) the amount of court ordered child support payments due and owing by Barry Jordan, and (4) the remaining balance to an appropriate person to hold in trust for the benefit of the children of Barry Jordan, JBT and GAJ; 2. Declaring that the 84th Street Property is a Receivership Asset free and clear of

any interest claimed by Barry Jordan, the East Maricopa Holding Trust, the Roger Mills Trust, Noily Maria Cope, or Maureen Gaughan, and authorize the Receiver to secure the property and market and sell the property and apply the proceeds to existing encumbrances, including any secured obligations to the Sellers, with the balance paid to the Receivership estate.
0835-001(49944)

Case 2:03-cv-01825-PGR

-2 Document 305-3 - Filed 09/06/2006

Page 2 of 2