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A'1'TURNDII.N'1' ,1UR[•:EM1iN'l'
ST11`1'L•' Ut•' F1,ORIU11
COUNTI' OF ST. LUCK
'!'Ills ~'1'TOItNl+iCNT AGRL•'GM1:N'1', made and c•nt:cred into by
'1'!Ih I'1 it ~`i' CI'1'RIIS I31~NK OI' 1N1).[1~N 1t1Vl:lt t'Ul1W'Cl', ::uccc~ssor 1)y
mc~rrer to the 1~Iestside Bank of Vero 13cach, Vero Reach, Florida,
hercin:lftcr referred to as "~lortgagc~c~" and I~hIRf~ANI::,'a .'1'Clll•'iL•'LD
CO., INC., hereinafter referred to as "l~'airl~lne",
W I T N L•' S S L•' '1' I1 :
1~1111:RCAS, Mortgagee is the owner and ho.idcr c)f. the
I)romi:;>:ory notes and mor.Lgagc: coverin(1 the real crstFltc described
in I.xi?ibit "A" attached hereto and 1?y rcLc•rc•nce made a Dart
hereof, said mortgage: bc.iny dated July 3, 1)73 ane! recorded
an July 24, 1973 in Official Record I;ook 21G, at page 2152,
public records of St. Lucie County, I'].oricia; anti
~VIIERLAS said mortgage has been modified by AcJreen(eltt
Sated AI)ril 25, 1978 and recorded on riay 8, 1976 in O. R. .
IIook 28G, page 1307; and '
. 1Jtlt•'[tL•'AS, Fairlanc proposes to base the premises
described oIl L•'xllibit "A" from Ronald L. Kut_scllinski; and
1~'Il1,RCJ1S, for better en:lbling Mortgagee to receive and
enfor~•~• payment of said mortgage and ici })rot:crct 1'ai rlane,
its successors and Assigns in connectic~ll \J1 tll tllh ]case of
said I)rcmises described on l:xhihi t .
tdOtd, '1'IIL•'ItL•'1'URE, it is agreed by and between the parties
as follows:-
! . Mortgagee hereby rccogn.i xcs th~~ int~~rest c,f Fai rlane
wldcr the lease and covenants and agrees that possession of
Yairlanc~ and the enjoyment Of the ri~Iht:, ~Ir.anted under the
lease gill trot be distributed un~..i 1. su(~1? time a:: Ronald
hlltSChlilSkl, h1S S1I000SSOr5 O1 il~i:iJ(Ill:i, Sllill~ 11i1VL'- ti?l'.
right- to terminate the lease or t.o recover hosse:ssion .of the
premises described on );xhibit "A" .
2. 1•'airlane coven:ults and agrees that- if h}~ re~-lson of
default. on the Dart- of Ronald C. Kutsc-hinski that Ronald .C.
i
~ I:utschins}:i's ownership of the premises described on L•'xhibit
"Ji" i s terminated through foreclosure proceed incJs bm:u~ht
by r101-t<tagl`c, its successors or assigns, Fairlanc• will
attorn to the purchaser in foreclosure pruce(~dinys, as th.~
case nl,l}~ hr, and will recoy_ nize such I):trchrlser as 1•'ili.rlanc's
Landlord under this .lease.
3. For the purposes of this ~-lclrrcm~nL only, I•'ai rla?~.~
waive: t-.i)c I?rovision or any statute ~r rule of l~lw noo. or
he•rea:tc•r in ef.Ec~et- which m~ly gi.vr~ 1'<lirlilnr. nny ridllt or
~•lc•e:tic)n t.o t~•rnlinate its lease ayrec~wrnt wi ttl 12c)Ilald L.
Kutsch i nski , or to surrcnd~~r posscs~ i on cif the l~rc•mi scs
descr i 1?ed on Exhibit "11" in the event such . furc~c, lo:;ure
1)rOCCt'dl nds is brought .hy Mortgagee, its suc~cc•ssor:; or
UJJ1CJn;, pursuant to said decd of trust.
•1. The I)~lrties hereto agree that the 1)rovisions c)f
~ this ac;r~ement shall be binding upon trustees in d~•~•c;:; o:
t ril :t , 1'1~)rt (~ilcl('e8 ] n nlnrt(J:1dCS alld 1"('c~C` 1 Vi'. r:: and 11UI'C'has(`1":;
i n an}• :ale pursuant thereto.
. EXHIBIT, a 11323 PecE 14
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