Telluride Sonja

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    UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK --------------------------------------------------------x In re: Chapter 11 SONJA TREMONT-MORGAN, et al., Case No. 10-16132 (SCC) Debtors. Substantively Consolidated --------------------------------------------------------x

    ORDER AUTHORIZING THE DEBTOR

    TO CAUSE STAM COLORADO LLC TO SELL THE COLORADO PROPERTY TO DIPPEL RANCH LLC

    Upon the annexed joint application of the Debtor Sonja Tremont-Morgan

    (STM or Debtor), John Adams Morgan, and Homeward Residential, Inc., formerly

    known as American Home Mortgage Servicing, Inc., as servicer for U.S. Bank National

    Association, as Trustee for Zuni Mortgage Loan Trust 2006-OA1, Mortgage Pass-Through

    Certificates, Series 2006-OA1, and notice of presentment having been given to all creditors

    and parties in interest, and no objection or request for hearing having been filed, and no

    adverse interest being represented, it is hereby

    ORDERED, that the Debtor, as the 50% owner of Stam Colorado LLC

    (Stam Colorado), with John Adams Morgan (JAM) is hereby authorized and

    empowered to cause Stam Colorado to close and consummate a short sale of the real

    property located in Telluride, Colorado, consisting of two (2) lots known as Lot 2R and

    Lot 15B at Gray Head at Telluride with a residence known as 7039 Last Dollar Road,

    Telluride, Colorado 81435 (collectively the Property), to Dippel Ranch LLC, pursuant

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    to the contract of sale annexed hereto as Exhibit A, for a sale price of $6,800,000; and it is

    further

    ORDERED, that U.S. Bank National Association, as Trustee for Zuni

    Mortgage Loan Trust 2006-OA1, Mortgage Pass-Through Certificates, Series 2006-OA1

    (USBNA), as the owner and holder of the deed of trust and note covering the Property,

    shall receive $6,366,629.94 on the closing date, at a minimum, from the proceeds of the sale

    of the Property to Dippel Ranch LLC; and it is further

    ORDERED, that all deficiency or bankruptcy claims against the Debtor, Stam

    Colorado, or any of their affiliated non-debtor entities held or filed by USBNA shall be

    waived and released upon the sale of the Property to Dippel Ranch LLC and USBNAs

    receipt of $6,366,629.94, at a minimum, from the sale proceeds; and it is further

    ORDERED, that in consideration for the approval of the short sale to Dippel

    Ranch LLC, Stam Colorado, STM, and JAM and their respective past, present and future

    owners, employees, agents, executors, administrators, heirs, attorneys, parents, subsidiaries,

    shareholders, officers, directors, insurers, trustees, affiliates, parent company, divisions,

    investors, servicers, predecessors, assignors, successors and assigns and all persons acting or

    purporting to act by, through, under or in concert with them or any of them (collectively

    Stam Colorado Releasors) do hereby release and discharge USBNA and its past, present

    and future owners, employees, agents, executors, administrators, heirs, attorneys, parents,

    subsidiaries, shareholders, officers, directors, insurers, trustees, affiliates, parent company,

    divisions, investors, servicers, predecessors, assignors, successors and assigns and all

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    persons acting or purporting to act by, through, under or in concert with them or any of

    them (collectively USBNA Releasees), from any and all manner of action or actions,

    causes of action, suits, debts, dues, torts, breaches of contract, sums of money, accounts,

    bills, controversies, trespasses, damages, judgments, executions, claims and demands

    whatsoever, in law or equity, which directly or indirectly, or in any other way arise from or

    are connected with the deed of trust or note, or which were or could have been asserted in

    the bankruptcy action or adversary proceeding (adv. pro. no. 11-02556) ; and it is further

    ORDERED, that entry of this Order is without prejudice to any rights, claims

    and defenses that Stam Colorado and STM, on the one hand, and JAM, on the other hand,

    may have against the other with respect to the Morgans pending matrimonial litigation.

    Dated: March 15, 2013 New York, New York /s/ Shelley C. Chapman HONORABLE SHELLEY C. CHAPMAN UNITED STATES BANKRUPTCY JUDGE

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