STIPULATION AND ORDER TO ALLOW SALES OF REAL PROPERTY

ANTHONY W. ISHII, Senior District Judge.

Defendant Sergio Jara is currently on pretrial release in this matter. One of the conditions of that release is that he not engage in any real estate transactions without the consent of Pretrial Services. There are two pending property transactions that are set forth in more detail below and Pretrial Services has indicated that it will have no objection to the transactions if they are approved by the government. Counsel for the government and counsel for the defendants have reached an agreement concerning how the sales can be consummated and that agreement is set forth below.

It is hereby stipulated and agreed upon as follows;

There are currently pending at Ticor Title Company the following escrows: 1) Escrow No.TTK-1301-FTKE-3011400917, for the sale of property located at 123 Clifton Street, Bakersfield California, and 2) Escrow No. TTK-1301-FTKE-3011400918, for the sale of property located at 1120 McNew Court, Bakersfield, California.

These escrow transactions may close, and title to the property transferred upon the following condition: After payment of all expenses of sale and satisfaction of encumbrances, Fifty Percent (50%) of the net proceeds are to be distributed to the Seller. The remaining Fifty Percent (50%) of the net proceeds are to be maintained by the escrow company pending further order of this court and may not be disbursed until ordered by this court.

It is anticipated that the Fifty Percent (50%) of the net proceeds ordered held by the escrow company will be deposited with the clerk of the court for the Eastern District of California pursuant to a further order of this court, to be maintained by the clerk of the court pending the resolution of this case.

ORDER:

It is hereby ordered that the two escrow transactions described in the above stipulation may close and title transferred, upon the following condition: After payment of all expenses of sale and satisfaction of encumbrances, Fifty Percent (50%) of the net proceeds are to be distributed to the Seller, and Fifty Percent (50%) of the net proceeds are to be maintained in the escrow company account pending further order of this court.

IT IS SO ORDERED.