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OAKBROOKE ASSOCIATES, LTD. v. INS. COM'R OF STATE OF CA.

No. 90-2562.

581 So.2d 943 (1991)

OAKBROOKE ASSOCIATES, LTD., et al., Appellants, v. INSURANCE COMMISSIONER OF the STATE OF CALIFORNIA, Etc., Appellee.

District Court of Appeal of Florida, Fifth District.

June 13, 1991.

Attorney(s) appearing for the Case

Paul R. Pizzo and Hala Mary Ayoub of Fowler, White, Gillen, Boggs, Villareal and Banker, P.A., Tampa, for appellants.

Judith A. English and J. Gregory Jacobs of Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, for appellee.

DAUKSCH, Judge.

This is an appeal from an order awarding an assignment of rents pursuant to section 697.07, Florida Statutes (1989). The facts show that in 1984, appellant, Oakbrooke Associates, Ltd., executed and delivered to Sunrise Savings & Loan Association of Florida a promissory note in the amount of $5,200,000. The note was secured by a mortgage and by a collateral assignment of rents and leases. Sunrise eventually became insolvent and the Federal Savings...

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