STIPULATION AND [PROPOSED] ORDER TO STAY LITIGATION AND DISCOVERY BASED ON PENDING SETTLEMENT

RICHARD F. BOULWARE, II, District Judge.

Pursuant to Local Rules LR IA 6-2 and LR 7-1, Plaintiff JPMorgan Chase Bank, N.A. ("Chase"), and Defendants SFR Investments Pool 1, LLC ("SFR") and Inspirada Community Association ("Inspirada") (collectively, the "Parties"),1 by and through their respective undersigned counsel, stipulate as follows:

1. The instant action was filed on March 27, 2018. [ECF No. 1.]

2. Inspirada filed an Answer to Chase's Complaint on April 25, 2018, and on June 4, 2018, SFR filed a motion to dismiss the Complaint. [ECF Nos. 7 and 16.]

3. As the case is still in its early stages, the Parties have not yet submitted a proposed discovery plan and scheduling order for the Court's consideration.

4. On June 6, 2018, Chase and SFR came to an agreement with respect to this matter, and are in the process of finalizing their settlement.

5. Additionally, Chase and Inspirada are discussing a possible resolution of this matter.

6. Given the pending settlement between SFR and Chase, and the settlement discussions between Chase and Inspirada, and to avoid wasting resources and incurring potentially unnecessary expense associated with discovery, the Parties agree to, and hereby request, a stay of this case, including but limited to: (a) a stay of Chase's deadline to respond to SFR's motion to dismiss; (2) a stay of the deadline to hold an initial conference pursuant to Fed. R. Civ. P. 26(f); and (3) a stay of the deadline to submit a proposed discovery plan and scheduling order.

7. The Parties make this stipulation in good faith and not for purposes of delay.