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FEDERAL SAV. AND LOAN INS. CORP. v. TWO RIVERS ASSOCIATES

No. 88-5580.

880 F.2d 1267 (1989)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, as Receiver for Sunrise Savings and Loan Association, a Federal Savings and Loan Association, Plaintiff-Appellee, v. TWO RIVERS ASSOCIATES, INC., et al., Defendants, Robert H. Smith, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

August 21, 1989.

Attorney(s) appearing for the Case

Elizabeth T. Maass, Alley, Maass, Rogers, Lindsay & Chauncey, Paul B. Erickson, Palm Beach, Fla., for defendant-appellant.

Cary A. Woodfield, Squire, Sanders & Dempsey, Palm Beach, Fla., for plaintiff-appellee.

Before CLARK and COX, Circuit Judges, and HENDERSON, Senior Circuit Judge.

CLARK, Circuit Judge:

This is an appeal from an order granting summary judgment of foreclosure in favor of the Federal Savings and Loan Insurance Corporation (FSLIC). The mortgages were executed by Two Rivers Associates ("Two Rivers") in favor of Sunrise Savings and Loan Association. Robert H. Smith, whose purchase money mortgage was subordinated to the mortgages owned by Sunrise, opposed the motion in the district court. Smith now appeals. We affirm.

I....

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