HomeMy WebLinkAbout0012 STATE OF FLORIDA •
COUNTY OF ST. LUCIE ATZ'ORNML•'NT AGREEMENT
TiiIS ATTORNMENT AGREEMENT, made and entered into by and '
Vetw~:en JOAN ii. SUTHERLAND, an undivided 1/4th interest; JONNIE
UANLSTROM, an undivided 1/2 interest; and LAURA B. IiANCOCK, Sn
ur:diviclc~d 1/4th interest ("Mortgagees"), parties of ttrc first
lr.Zrt, and FAIRLANE/LITCHFIELD CO., INC. ("Fairlane"), party of
the second part,
W I T N E S S E T !i: -
WtII;REAS, Mortgagees arc tine owners and Folders of the
promissory note and deed of trust- covering tlrc real est.-rte
described on Exhibit "A" attached hereto and made a part t~~reof, ;f
::aid deed of trust being recorded in I3tlok 295 on Page 1911 - ,
in ttrc St. Lucie County, Florida, Public Registry.
WIIERI:IS, Fairlane proposed to base the premises described
err i;xlrilrit "A" from Ronald C. Kutschinski; and
Wll1:ItEA5 , for better enabling Mortgagees to receive and
c•niorcc haymcnt of said deed of trust and to protect Fairlane,
its successors and assigns in connection with the lease of said
l>remis~s described on Exhibit "A";
hOtJ, Tf1E:RT-.FORE, IT IS AGREED try and between tlrc parties `
as follows:
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1. Piurtgagces hereby recognizes the interest of Fairlane I
under -the lease and covenants anct ac~r~?es that possession of
t'.r ? r 1 arre :urd the enjoyment of the rights granted under the lease =
r 11 rwt trc disturbed until such time as Ronald C. Kutschinski,
~ t~is ::u~:c~•s::ors or assigns, shall have the right to terminate the
1••.r,se or to recover possession of th~~ premises described cn
t:x[rilrit "A"
k ~ Fairlane covenants and agrees that if'by reason of
~ ci.•f;~?ult on thu part of Ronald C. Kutschinski that Ronald C.
t:?rtscirirr::ki's owncrshil~ of the premise: described on Exhibit
"A" is terminated through foreclosure proceedings brought by
E1~)rtc~~ctt~~s, tlrcir successors or assigns, ,Fairlane will attorn
to the lrurclraser in foreclosure proceedings, as the case may
l~~•, ar:~i will recognize such purchaser as I'airlane's Landlord
urrci~~r this lease.
3. Far the purposes of this agreement only, Fairlane
? vc•:• t h~• provision of any statute or rule of law now or
i,.•r~~.rf t ~•r i n ~ f feet which may dive Fairlane any right or
.•1~•c't r~rn to terminate its lease agreement. with Ronald C.
1:ut ::rh i rrsk i , err to surrender poser. ss ion of the premi e:cs
.~.•:.~r-ilx~d ern t:xhibit "A" in the event such foreclosure pro-
-~•~•~Ii,:.is rs trrought by hlortgagrrs, their succes:ors or assi~lns
l=ur:.u.rnt to ::.rid decd of trust.
4. Thy p.rrties h~•rcto .~cir~c• th.rt thr provi:;iutr:: c,f this
.~.tr.•~•m~•.,' :;hall he binding upon tru::t~•c~s in clc~rds cif trust,
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EXHIBIT "C'l g~3~3 PAr~ 12
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