UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO
June 11, 2009
SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF
ANTHONY VASSALLO, ET AL, DEFENDANTS.
ORDER PROHIBITING THE TRANSFER OF THE 3788 CENTURY DRIVE PROPERTY WITHOUT FURTHER ORDER OF THE COURT AND TOLLING PAYMENTS ON DEED OF TRUST
On April 30, 2009, this Court filed the Order Appointing Temporary Receiver for Equity Investment Management and Trading, Inc. ("EIMT") and Order to Show Cause for Appointment of Permanent Receiver ("OAR"). Pursuant to the OAR, for good cause shown, and in order to empower and authorize the Receiver to carry out his duties and obligations, and in order to preserve and protect any interests that EIMT has purchased or otherwise acquired,
THE COURT HEREBY FINDS AND ORDERS AS FOLLOWS:
The property known as 3788 Century Drive, Island Park, Idaho 83429 (the "3788 Century Drive Property") shall not be sold, purchased, transferred, conveyed, exchanged, fore closed upon, attached, or encumbered in any way whatsoever, pending there solution of the above entitled action, without a specific order by the above entitled Court authorizing such a transaction. Attached here to as Exhibit 1, is a true and correct copy of the legal description of the 3788 Century Drive Property.
Furthermore, any payments due on the February 25, 2008 Deed of Trust in the a mount of $1,000,000.00, in favor of Coeur D'Alene Investments, LLC, concerning the 3788 Century Drive Property and recorded in the County of Fremont, Idaho on March 6, 2008, as Microfilm No. 515695 or any other deeds of trust on the 3788 Century Drive Property shall be tolled pending the re solution of the above entitled action, unless otherwise ordered by the Court.
IT IS SO ORDERED.
© 1992-2009 VersusLaw Inc.