Export-Import Bank of the United States v. Korea Crest Co Inc et al
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|Date Filed||#||Document Text|
|July 2, 2012
JUDGMENT RE: PRIORITY OF DEEDS BETWEEN PLAINTIFF EXPORT-IMPORT BANK OF THE UNITED STATES AND DEFENDANT WELLS FARGO BANK, N.A. by Judge Percy Anderson: Upon Stipulation 22 , it is hereby ORDERED, ADJUDGED AND DECREED as follows: The Deeds of Trust he ld by Defendant WELLS FARGO BANK, N.A. (erroneously sued as WORLD SAVINGS BANK, FSB) (hereinafter "WELLS") are senior and have absolute priority over that certain Deed of Trust held by USA dated 11/28/2008 ("Third DOT"). The Deed of Trust held by WELLS in the original principal amount of $746,875.00 and recorded on 12/29/2006 as Instrument No. 06-2892372 in the Official Records of the County of Los Angeles Recorder ("First DOT") is senior and has priority over Plaintiff USA's Third DOT. The Deed of Trust held by WELLS in the original principal amount of $71,500.00 and recorded on 3/22/2007 as Instrument No. 20070731491 in the Official Records of the County of Los Angeles Recorder ("Second DOT") is senior and has priority over Plaintiff USA's Third DOT. Plaintiff USA and Defendant Wells Fargo shall each bear their own costs of suit herein, including attorney's fees. (gk)
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