First American Bank, SSB v. Randall Plaza Center Associates, L.P. (In Re Randall Plaza Center Associates, L.P.)

MEMORANDUM OPINION

CAROL A. DOYLE, Bankruptcy Judge.

This adversary proceeding is before the court on the cross-motions of First American Bank, SSB (“FAB”) and Randall Plaza Center Associates, L.P. (“Randall Plaza”) for summary judgment on the adversary complaint filed by FAB against Randall Plaza. For the reasons stated below, the court grants FAB’s motion for summary judgment and denies Randall Plaza’s cross-motion.

I. Issues

The debtor, Randall Plaza, owned the beneficial interest in a land trust that owned a shopping center. FAB held a mortgage and assignment of rents for the property,…