JOINT STIPULATION AND ORDER TO STAY PROCEEDINGS UNTIL JANUARY 5, 2017

CAM FERENBACH, Magistrate Judge.

Plaintiffs Jay Shrager and Carole B. Shrager ("Plaintiffs") and Defendant BSI Financial Services ("BSI"), by and through their respective counsel of record, hereby stipulate and agree as follows:

1. WHEREAS on September 13, 2016, this court entered the Joint Stipulation and Order to Stay Proceedings for Sixty Days.

2. WHEREAS the parties are engaged in active settlement negotiations to resolve the litigation.

3. WHEREAS the parties agree to extend the stay through January 5, 2017.

IT IS THEREFORE STIPULATED AND AGREED:

1. This action is hereby stayed through January 5, 2017. This stay applies to motions, pleadings, briefings, hearings, appearances, discovery, and any other deadlines imposed by law or this Court.

2. BSI agrees to postpone any foreclosure proceedings with respect to the Property pending a potential resolution of the parties' dispute.

3. Plaintiffs understand that BSI has made no guarantee that the parties will be able to reach a resolution and that BSI is under no obligation to reach such a resolution.

4. Should the parties be unable to reach an amicable resolution after expiration January 5, 2016, the parties further stipulate and agree that Plaintiffs and BSI shall each have 20 days from the expiration of the 60-day deadline to file their Motion to Remand and Motion to Dismiss, respectively.

5. The parties further stipulate and agree that the stay requested herein is not requested for purposes of delay and will not result in any prejudice to the parties or the Court.

ORDER

IT IS SO ORDERED.