Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-2_11-cv-00499/USCOURTS-azd-2_11-cv-00499-2/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 28:1331(a) Fed. Question: Real Property

---

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

WO

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF ARIZONA

Federal Deposit Insurance Corp., Receiver

for First National Bank of Nevada, 

Plaintiff, 

vs.

Artesa Holdings LLC, 

Defendant. 

)

)

)

)

)

)

)

)

)

)

)

)

)

CV 11-00499-PHX-FJM

ORDER

The court has before it plaintiff's motion for summary judgment (doc. 60) and separate

statement of facts (doc. 61). We also have before us plaintiff's request for judicial notice

concerning its motion for summary judgment (doc. 66). Defendant did not respond, and the

time for responding has expired.

Plaintiff brings this action in its capacity as Receiver for the First National Bank of

Nevada, which merged with the First National Bank of Arizona in June 2008 and closed in

July 2008. The action arises from a loan of $12,000,000 from First National Bank of Nevada

to defendant to develop lots on a piece of property. Defendant defaulted on the loan, and

plaintiff foreclosed. Plaintiff purchased the property at a trustee's sale on December 21,

2010. As of the date of sale, plaintiff calculates the total net deficiency on the property as

$12,135,538.30. Interest accrues at a daily rate of $3,608.32. Plaintiff moves for summary

judgment on its one count of contract deficiency against defendant.

Case 2:11-cv-00499-FJM Document 70 Filed 04/12/12 Page 1 of 2
1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

- 2 -

Because defendant failed to respond to the motions, we construe the lack of a response

as a concession and grant both motions summarily. See LRCiv 7.2(i) ("if. . . counsel does

not serve and file the required answering memoranda. . . such non-compliance may be

deemed a consent to the denial or granting of the motion and the Court may dispose of the

motion summarily").

Accordingly, IT IS ORDERED GRANTING plaintiff's request for judicial notice

(doc. 66). IT IS FURTHER ORDERED GRANTING plaintiff's motion for summary

judgment (doc. 60). Summary judgment is granted to plaintiff in the amount of

$12,135,538.30, plus interest at the daily rate of $3,608.32 from December 21, 2010 to the

present. The Clerk shall enter judgment. 

DATED this 11th day of April, 2012.

Case 2:11-cv-00499-FJM Document 70 Filed 04/12/12 Page 2 of 2