IN THE UNITED STATES DISTRICT COURT FOR

THE NORTHERN DISTRICT OF FLORIDA

PANAMA CITY DIVISION

RED MOUNTAIN BANK, N. A.,

Plaintiff,

vs. Case No. 5:10cv104/RS-EMT

TOP SHELF STORAGE II, LLC,

LEE A. SAGE 

and UNKNOWN PERSON OR

ENTITY IN POSSESSION OF 

105 ESTES PLACE, BAY COUNTY, 

FLORIDA,

Defendants.

_____________________________________/

CONSENT FINAL JUDGMENT OF FORECLOSURE

Before me is the Joint Motion for Entry of Consent Final Judgment of Foreclosure 

(Doc. 48).

IT IS ORDERED:

1. The Court has jurisdiction over the parties and the subject matter hereof.

2. Plaintiff, RED MOUNTAIN BANK, N.A., is due $2,159,904.52 as principal,

$225,363.67 as interest through December 2, 2010, $11,812.95 as late fees, making a total sum

of $2,397,081.14, which amount shall bear interest at the post – judgment interest rate defined by

28 U.S.C. § 1961, from the date of this judgment until paid.

3. Plaintiff holds a lien for the total sum superior to all claims or estates of

Defendants, TOP SHELF STORAGE II, LLC and LEE A. SAGE on the following described real

and personal property located in Bay County, Florida:

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Real Property

Lot 3 of BEACH COMMERCE PARK PH I-B, according to the Plat thereof as recorded

in Plat Book 20, Page(s) 42, of the Public Records of Bay County, Florida.

Personal Property

(A) All structures, buildings, improvements, sewage and utility lines and equipment,

appurtenances and fixtures of every nature whatsoever now or hereafter situated in, on,

above or under the Property (the "Improvements");

(B) All building materials, equipment, fixtures and fittings of every kind or character

now owned or hereafter acquired by the Debtor for the purpose of being used or useful in

the construction of the Improvements located or to be located on the Property, whether

such materials, equipment, fixtures and fittings are actually located on or adjacent to the

Property or not, and whether in storage or otherwise, wheresoever the same may be

located, including without limitation all lumber and lumber products, bricks, building

stones and building blocks, sand and cement, roofing material, paint, doors, windows,

hardware, nails, wires and wiring, plumbing and plumbing fixtures, sewer lines and

pumping stations and fixtures and equipment, heating and air-conditioning equipment

and appliances, electrical and gas equipment and appliances, pipes and piping,

ornamental and decorative fixtures, furniture, ranges, refrigerators, dishwashers and

disposals;

(C) All fixtures, appliances, machinery, furniture, furnishings, apparatus, equipment

and other articles of personal property of any nature whatsoever owned by Debtor now or

at any time hereafter and now or hereafter installed in, attached to or situated in or upon

the Property or the Improvements, or used or intended to be used in connection with the

Property or in the operation, occupancy, use, maintenance or enjoyment of any of the

Improvements now or hereafter erected thereon or relating or appertaining thereto,

whether or not such personal property is or shall be affixed thereto, including without

limitation all furniture, furnishings, apparatus, machinery, motors, elevators, fittings,

radiators, ranges, ovens, ice boxes, refrigerators, awnings, shades, screens, blinds, office

equipment, carpeting and other furnishings, and all plumbing, heating, lighting, cooking,

laundry, ventilating, refrigerating, incinerating, air-conditioning and sprinkler equipment

and fixtures and appurtenances thereto; and all proceeds thereof (including without

limitation condemnation awards and insurance proceeds), all extensions, betterments and

accessions thereto, all renewals and replacements thereof and all articles in substitution

therefor, whether or not the same are or shall be attached to the Property or

Improvements in any manner; it being mutually agreed that all the aforesaid property

shall, so far as permitted by law, be deemed to be fixtures and a part of the Property, and

as to the balance of said Property, this Mortgage is hereby deemed to be as well a

Security Agreement for the purpose of creating a security interest in said property and

securing the Loan for the benefit of Lender;

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(D) All easements, rights-of-way, gores of land, vaults, streets, ways, alleys, passages,

sewer rights, waters, water courses, water rights and powers, riparian rights, water stock,

development rights, air rights, public places, and all estates, rights, titles, interests,

privileges, liberties, tenements, hereditaments and appurtenances whatsoever, in any way

belonging, relating to or appertaining to the Property, or any part thereof, or which

hereafter shall in any way belong, relate or be appurtenant thereto, whether now owned

or hereafter acquired by Debtor, and the reversion and reversions and remainder and

remainders thereof, and all rents, royalties, issues, profits, revenues and income with

respect to the Property (including without limitation all condemnation awards, insurance

proceeds, payments under leases and tenancies, sale proceeds, purchase deposits, tenant

security deposits, escrow funds, and all proceeds, claims, causes of action and recoveries

arising on account of any damage to or taking of, or for any loss or diminution in the

value of, the Property or any Improvements, or any part thereof or interest therein), and

all the estate, right, title, interest, property, possession, claim and demand whatsoever at

law, as well as in equity, of Debtor of, in and to the same; and

(E) All accounts (as presently or hereafter defined in the Uniform Commercial Code),

general intangibles, goods, contracts and contract rights relating to the Land,

Improvements, and other Mortgaged Property, whether now owned or existing or

hereafter created, acquired or arising, including without limitation, all construction

contracts, architectural services contracts, management contracts, leasing agent contracts,

purchase and sales contracts, put or other option contracts, and all other contracts and

agreements relating to the construction of improvements on, or the operation,

management and sale of all or any part of the Land, Improvements and other Mortgaged

Property;

 (F) Any and all licenses, development permits, building permits, utility supply

agreements, sewer and water discharge permits and agreements, and other licenses,

permits and agreements relating to the use, development, construction, occupancy and

operation of the Land and improvements, whether now or hereafter issued or executed,

and all modifications, amendments, replacements or re-issuances of the foregoing;

(G) All proceeds, cash or non-cash (including, but not limited to, all inventory,

accounts, chattel paper, documents, instruments, tort and insurance proceeds, equipment,

fixtures, consumer goods and general intangibles acquired with cash proceeds of any of

the property described above) of any of the foregoing types or items of property

described in subparagraphs (A) through (G) above.

4. If the total sum with interest at the rate prescribed by law and all costs of this

action accruing subsequent to this judgment are not paid within the time required by law, the

United States Marshal is ordered and directed to sell the property at public sale. 

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5. Pursuant to Fed. R. Civ. P. 69, the procedures for sale shall be in accordance with

the practice and procedure in the State of Florida as provided in Chapter 45, Florida Statutes

(2010) except that title shall vest in the purchaser pursuant to a United States Marshal's Deed

issued after confirmation of any sale by this Court.

6. Plaintiff is authorized to bid at the sale and any bid by the Plaintiff shall be

credited against the indebtedness due the Plaintiff. Plaintiff shall advance all subsequent costs of

this action and shall be reimbursed for them by the United States Marshal if Plaintiff is not the

purchaser of the property at the sale. If Plaintiff is the purchaser at the sale, the United States

Marshal shall credit Plaintiff’s bid with the total sum of this judgment with interest and costs

accruing subsequent to this judgment or such part of it as is necessary to pay the bid in full.

7. Upon sale being made, then the United States Marshal is directed to make a report

and accounting of the proceeds realized from the sale, if any, and the bidder, or bidders, at such

sale and report the amount of the sale for confirmation. The United States Marshal shall file the

report of sale with the Court no later than fifteen (15) days after the sale. Upon the sale being

made, the United States Marshal shall retain the proceeds thereof until Order Confirming Sale is

entered by the Court.

8. Upon the sale being made of the property and confirmed by this Court, the Court

shall direct the United States Marshal to execute a United States Marshal’s Deed to the property. 

At said time, the Defendants and all persons claiming under or against them since the filing of

the Notice of Lis Pendens are foreclosed of all estate or claim in the property and the purchaser

at the sale shall be let into possession of the property.

9. The United States Marshal shall distribute the proceeds of the sale in accordance

with the Order Confirming the Sale.

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10. On the order confirming sale, the United States Marshal will execute and deliver

the United States Marshal's Deed to the purchaser at the sale. Plaintiff shall prepare the United

States Marshal's Deed. The purchaser at the sale shall pay for and be responsible for affixing to

the United States Marshal's Deed any documentary stamps or taxes imposed upon the

recordation of the deed.

11. If the subject property is sold at public auction, there may be additional money

from the sale after payment of persons who are entitled to be paid from the sale proceeds

pursuant to the final judgment of foreclosure. If you are a subordinate lienholder claiming a

right to funds remaining after the sale, you must file a claim with the United States Marshal no

later than 60 days after the sale. If you fail to file a claim, you will not be entitled to any

remaining funds. If you are the property owner, you may claim these funds yourself. You are

not required to have a lawyer or any other representation and you do not have to assign your

rights to anyone else in order for you to claim any money to which you are entitled. Please

check with the United States Marshal within ten (10) days after the sale to see if there is

additional money from the foreclosure sale. 

12. At any time before the filing of an Order of Confirmation of Sale, Defendants

may cure the indebtedness adjudicated due herein and prevent a foreclosure sale by paying the

amount of monies specified in this judgment, plus the reasonable expenses of proceeding to

foreclosure incurred to the time of the tender, including reasonable attorneys’ fees of the

Plaintiff. Otherwise, there is no right of redemption.

13. The Court reserves jurisdiction over the parties to adjudicate any liability relative

to Counts III and IV of Plaintiff’s Verified Complaint and to make such further orders as may be

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appropriate, including, but not limited to, an order for the issuance of a writ of assistance should

repossession be contested and an order for deficiency judgments. 

14. Because this judgment will not fully resolve all issues among the parties – the

foreclosure sale and Counts III and IV remain pending – the final judgment of foreclosure will

be entered under Federal Rule of Civil Procedure 54(b). The Court expressly determines that

there is no just reason for delay and expressly directs the clerk to enter the consent final

judgment of foreclosure.

15. Plaintiff’s Address: Red Mountain Bank, N.A., 5 Inverness Center Parkway,

Birmingham, AL 35242.

ORDERED on December 3, 2010. 

/S/ Richard Smoak 

RICHARD SMOAK

UNITED STATES DISTRICT JUDGE

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