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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />30 <br />11 <br />12 <br />13 <br />14 <br />1s <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23' <br />24 <br />25 <br />26 <br />27 <br />28 <br />PASTEMAK <br />PASTERNAK <br />6 PATTON <br />the proposed sale to Genesis; and <br />4. For such other Orders as the Court deems proper; <br />the supporting Declarations of David D. Wald and David J. <br />Pasternak; the supporting Memorandum of Points and Authorities; <br />all pleadings and other documents in the Court's file for this <br />action; and all other oral and documentary evidence presented at <br />the hearing of the Receiver's $x Parts Application; and good <br />cause appearing therefor; <br />IT IS HEREBY ORDERED that: <br />1. The Receiver is authorized to borrow an additional <br />$350,000 from secured lender Kurtin Properties, Inc. ( "Kurtin "), <br />which will be added to the existing loan which is secured by the <br />first deed of trust on the receivership real property, to pay the <br />attorneys fees and costs for the Receiver and his counsel through <br />approximately $300,000 which will be transferred to the <br />Receiver's trust account as a retainer for such purpose, and <br />approximately $50,000 of which will be used to pay additional <br />loan costs including funding an increased interest reserve for <br />Kurtin's increased secured loan; <br />2. The Receiver is authorized to execute any documents, <br />including revised loan documentation, which may be required to <br />obtain the specified additional funding from Kurtin; <br />3. The Receiver is authorized to enter into a contract to <br />sell the receivership real property located at 201 East First <br />American Way in Santa Ana, California (the "Property ") to Genesis <br />Real Estate Group, Inc. ( "Genesis ") or its assignee for <br />$14,800,000, with a $500,000 purchase deposit which is to be <br />increased by $250,000 on waiver of contingencies, with a 30 day <br />I nnn59R39 -1 <br />4 <br />75B -23 <br />ec 484 nii <br />