Laserfiche WebLink
�' co c� u� <br /> rn <br /> n <br />� : Thu instrument was prepared by: C rn N O° ° � (� <br />�. n n ;'�,"' � _ ,� � � �i m Oi .-�m+ <br />� Dwight L. Mixson, Jn ��T' �' �� � '; � � -� o co <br /> BURR& FORMAN � z � � N ° -'' � <br /> GO � �' o �� � �. '•Q- <br />� 3I00 SouthTrust Tower � � �X,,�. , � r-, � <br /> 420 North 20th Street � ' \�'`� '-� r' ``' o �' <br /> Birmingham, Alabama 35203 .. � ; �� � "` � '� � <br />� (205)251-3000 <br /> � � � <br />� -- ,� �A � � � <br /> � C�J9 � � �- <br /> � O <br /> � � � <br /> SUBORDINATION A F.F F.NT <br /> . � <br /> � <br /> THIS AGREEMENT, made and entered into as of the �day of December, 1997, by <br /> and among NORTH CENTRAL ASSISTED LIVING, L.L.C., a Kansas limited liability <br /> company (the "Borrower"), STERLING HOUSE CORPORATION, a Kansas corporation (the <br /> "Subordinating Creditor"), and CAPSTONE CAPITAL CORPORATION, a Maryland <br /> corporation ("Lender"). <br /> g��ITAL�: <br /> A. Pursuant to certain Loan Agreements between Lender and Bonower (the "Lender <br /> Loan Agreements"), Lender has made or agreed to make certain loans to the Bonower in the <br /> � <br /> aggregate principal sum of$17,425,000 (the "Loans"), which Loans are or will be evidenced by <br /> Notes aggregating such principal sum (the "Lender Notes"). The Lender Notes are or will be <br /> secured by, among other things, certain mortgages, deeds of trust, assignments and security <br /> agreements (the "Lender Security Documents") which will encumber, among other collateral, the <br /> real estate more particularly described in Exhibit A attached hereto (the "Property") in Iowa and <br /> Nebraska. The Lender Notes, the Lender Security Documents and the Lender Loan Agreements <br /> 492286.3 <br />