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2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />15492614.1 <br />• <br />reflecting a summary of the Receiver's fees and administrative expenses, <br />and a summary of fees and expenses of the attorney and accountant; <br />incurred each month during the operation and administration of the <br />Receivership Estate. Upon service of each monthly report and statement on <br />interested parties, and no objection thereto having been received within ten <br />(10) calendar days of said service, the Receiver may disburse from estate <br />funds, if any, the amount of ea ch statement for fees and expenses. In the <br />event an objection is received to fees and expenses, and the objecting party <br />is not satisfied with the explanation from the Receiver, Receiver may set a <br />hearing to be heard on shortened time for a noticed application or motion for <br />approval of the fees and expenses. Notwithstanding this periodic payment, <br />fees and expenses shall be submitted to the Court for approval and <br />confirmation, in the form of either a properly noticed interim request for <br />fees, stipulation of all parties, or Receiver's Final Account and Report. <br />7. The Court hereby approves hou>ly rates of $250.00 per hour, plus expenses <br />for the services of Kevin Singer4as Receiver, and no more than $250.00 per <br />hour for the Receiver's agents a4d assistants. The Receiver is authorized to <br />pay his expenses "as incurred" each month from Receivership Estate funds <br />(including, but not limited to necessary expenses applicable for the <br />protection and preservation of the Property such as fees for locksmiths, <br />security guards, electrical or other emergency items, IRS mileage rate, U. S. <br />postage, Federal Express or other overnight mail, court filing fees). <br />8. The Receiver may use the State and Federal taxpayer identification numbers <br />of the Borrowers in connection with all accounts and accounting for the <br />Receivership Estate. <br />I <br />9. The Receiver may employ or co�tinue to employ, without further order of <br />this Court: <br />-5- <br />Receivershipf Order <br />