In Re Mariner Enterprises of Panama City, Inc.

ORDER LIMITING USE OF CASH COLLATERAL

LEWIS M. KILLIGAN, Jr., Bankruptcy Judge.

This case is before the Court upon creditor AmSouth Bank of Florida’s (AmSouth) emergency motion seeking to prohibit the Debtor from disposing of certain rents, in which AmSouth claims a security interest. The Court heard argument of counsel on October 3, 1989.

The facts are largely undisputed. The Debtor owns real property known as Mariner Plaza Shopping Center, 1 which is subject to a note and mortgage held by Am-South. As additional security for the loan, the rents from the mortgaged property were also pledged to…