Matter of Dente/Pender

ORDER ON STIPULATION ON BANKS MOTION FOR ADEQUATE PROTECTION AND OBJECTION TO STIPULATION

ALEXANDER L. PASKAY, Chief Judge.

THE MATTER presented for this Court’s approval in the above-captioned Chapter 11 case is a stipulation between the Debtor-In-Possession and Florida National Bank, N.A. providing for adequate protection to the Bank to assure security for four of the Debtor-In-Possession’s notes which the Bank holds and which are now in default. Under the terms of the stipulation, the Debtor-In-Possession proposes to grant a security interest in property acquired by the Debtor-In-Possession…