Opinion
Case No. 3:10-cv-609-J-37MCR.
June 15, 2011
ORDER
This cause is before the Court on Plaintiff's Motion for Default Judgment (Doc. No. 23), filed April 18, 2011. United States Magistrate Judge Monte C. Richardson submitted a report recommending that the Motion be granted.
After an independent de novo review of the record in this matter, and noting that no objections were timely filed, the Court agrees with the findings of fact and conclusions of law in the Report and Recommendations, with one modification. The final judgment in Plaintiff's favor and against Defendants, jointly and severally, shall be in the total amount of $200,540.67, which is comprised of $136,315.93 in principal, $37,387.11 in interest, $1,731.65 in additional prejudgment interest, $12,390.96 in late charges, and $12,715.02 in legal expenses.
In accordance with the terms of the Promissory Note (Doc. No. 23, Ex. A-1), the Affidavit of Michael Coggin (Doc. No. 23, Ex. A), and the Report and Recommendation (Doc. No. 27), the principal of the Note shall continue to accrue prejudgment interest at an agreed upon rate of $29.35 per diem. The Court calculates $1,731.65 additional prejudgment interest is due under the Note as of the date of this Order.
Therefore, it is ORDERED as follows:
1. The Report and Recommendation (Doc. No. 27), filed May 26, 2011, is ADOPTED and CONFIRMED and made a part of this Order.
2. Plaintiff's Motion for Default Judgment (Doc. No. 23), filed April 18, 2011, is GRANTED. The Clerk shall enter final judgment in Plaintiff's favor and against Defendants, jointly and severally, in the total amount of $200,540.67.
3. The Clerk is directed to CLOSE the file.
DONE and ORDERED in Chambers, in Jacksonville, Florida.