Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_07-cv-03180/USCOURTS-cand-3_07-cv-03180-0/pdf.json

Nature of Suit Code: 423
Nature of Suit: Bankruptcy Withdrawal 28 USC 157
Cause of Action: 11:101 Bankruptcy

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STIPULATION ALLOWING REFINANCING AND ESCROWING OF FUNDS 

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JENKINS MULLIGAN & GABRIEL L.L.P. 

Daniel J. Mulligan [SBN: 103129] 

dan@jmglawoffices.com

Larry W. Gabriel [SBN: 68329] 

lgabriel@jmglawoffices.com

Thomas A. Jenkins [SBN: 92213] 

tom@jmglawoffices.com

660 Market Street, Third Floor 

San Francisco CA 94104 

Tel: (415) 982-8500 

Fax: (415) 982-4518 

Attorneys for Plaintiffs 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

FLETCHER HARTWELL HYLER and 

SHERYL ROOT HYLER, 

 Plaintiffs, 

 vs. 

INVESTMENT GRADE LOANS, INC., 

et.al.,

 Defendants. 

Case No.: 07-CV-03180 WHA 

STIPULATION ALLOWING 

REFINANCING AND ESCROWING 

OF FUNDS 

(PROPOSED) ORDER 

This stipulation is made between plaintiffs Fletcher Hartwell Hyler and Sheryl Root Hyler 

(hereafter “Plaintiffs”) and defendants Investment Grade Loans, Inc.; Lincoln Trust Company, 

Custodian FBO Doug Pickering, IRA; Chern S. Lin and Felicia Lin, husband and wife as 

community property; Janice Tempey and Roy S. Wolf, husband and wife as community property; 

Thomas C. O’Connell, Jr. and Janice K. O’Grady, husband and wife as community property; Pensco 

Trust Company, Custodian FBO John A. Snyder IRA; Pensco Trust Company, Custodian FBO Phil 

Ahlfeldt, IRA; and John Stevens, an unmarried man (hereinafter collectively referred to as “IGL”). 

WHEREAS, this matter was transferred to this Court from the United States Bankruptcy 

Court for the Northern District of California, San Francisco Division, by order of the bankruptcy 

court by order dated June 15, 2007; and 

Case 3:07-cv-03180-WHA Document 7 Filed 07/17/07 Page 1 of 3
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STIPULATION ALLOWING REFINANCING AND ESCROWING OF FUNDS 

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WHEREAS, Plaintiffs assert claims under the federal Truth-in-Lending Act, all of which 

IGL disputes; and 

WHEREAS, IGL has noticed a trustee sale of the real property which is the security for the 

loan which is the subject of this litigation for July 18, 2007; and 

WHEREAS, Plaintiffs have arranged refinancing sufficient to pay off IGL’s current demand 

in full; and 

WHEREAS, the parties wish to preserve their existing rights in this litigation while allowing 

for refinancing of the mortgage loans secured by the real property which is the subject of this 

litigation; now, therefore:

IT IS HEREBY STIPULATED BY AND BETWEEN THE UNDERSIGNED 

PARTIES that: 

1. Plaintiffs may proceed with their refinancing of the mortgage loans secured by the 

real property (the “refinancing”) which is the subject of this litigation, as well as 

other loans secured by the subject property. 

2. From the funding of the refinancing the parties shall instruct Escrow to pay to 

IGL the sum of One Million, Two Hundred and Thirty-Two Thousand and 

Five Hundred Dollars ($1,232,500).

3. The balance of the proceeds from the refinancing of the amount stated in IGL’s 

payoff demand (the balance being $655,564.09) shall remain in the Escrow account 

or, if the Escrow is not willing to hold the funds, the Parties shall direct the Escrow 

holder to place the funds into an interest-bearing account of the parties choice, 

subject to the instructions of all parties or the further order of the Court. 

4. Defendants shall cause a full reconveyance of the deed of trust securing the 

loan to be recorded. 

Case 3:07-cv-03180-WHA Document 7 Filed 07/17/07 Page 2 of 3
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STIPULATION ALLOWING REFINANCING AND ESCROWING OF FUNDS 

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By this Stipulation, the parties expressly make no admission of any kind with respect to the 

merits of this lawsuit and preserve all rights and claims as between the parties as presented in this 

action.

Dated: July 12, 2007 JENKINS MULLIGAN & GABRIEL LLP 

 By: /s/ Daniel J. Mulligan

 DANIEL J. MULLIGAN 

 Attorneys for Plaintiffs 

 FLETCHER HARTWELL HYLER and 

 SHERYL ROOT HYLER 

Dated: July 12, 2007 LAW OFFICE OF MICHAEL E. STONE 

 By: /s/ Michael E. Stone

 MICHAEL E. STONE 

 Attorneys for Defendants 

ORDER

Pursuant To Stipulation, IT IS SO ORDERED. 

Dated: July __, 2007 ____________________________

 Hon. William Alsup 

 Judge, U.S. District Court 

17

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge William Alsup

Case 3:07-cv-03180-WHA Document 7 Filed 07/17/07 Page 3 of 3