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201406134
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201406134
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Last modified
7/20/2017 8:55:51 PM
Creation date
9/26/2014 2:20:47 PM
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DEEDS
Inst Number
201406134
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��14��134 <br /> sha�� advi se��D and Lender prom�t�y. �orrower shall ins�rt the fore�oing requir�ments�nta <br /> any Borrower-�perator Agreement for the Fr�j ect. <br /> (d} Except as otherwise pro�ided b�l�w or in Program�b��ga�tions,I3orrower <br /> sha�� electronically deli�er w�thin tvv� ��} Bus�n�ss I]ays after Barrower's receipt th�reof,to the <br /> assigned HUD personne�and Lender copies of any a.�d all n�tices,rep�rts, surveys and�ther <br /> corr�sp�ndence �r�gardles��f fc�rm�received by B�rrower fr�m any �o�ernmental Autharity <br /> that�ncludes an�statement, finding�r assertion that�i�Barrower� �perator,�he Project ar any <br /> �essee or mar�agement agent of the Pr�je�t i�or may be in vi�Iation of�or default under}any of <br /> the Permits arid Approvals ar any governmen�al requirements appl�cable thereto, �11�a.I1�'af t�7� <br /> Permits and Appro�a�s are to be term�nated, limited in any way, or not ren�w�d, �}�ll�ally Cl�ll <br /> m�ney pena��y re�ating to the Project i�being imposed wzth respect t�the Health�are Facility,or <br /> �i�} Borrower, �per�tor,the�roj ect ar aray l�ssee or management agent❑f the Proj ect is subj ect <br /> to any goverrllmenta� �nvestigati�n or inquiry in�olving fraud. Borr��ver shall deli�er t��he <br /> assigned I-�C.TD personnel and Lender, simu�taneously with deli�ery thereof to any Go�ernmental <br /> Authority,any ar�d all respo�ses given by or on b�ehalf of Borr�wer t�any of th� foreg�ing and <br /> shall provide to HUD and Lender,prompt�y upon request, sueh other informat�vn regaxding a.�y <br /> of the f�regaing as HUD ar Lender may request. Unless otherwise re�uested by HUD,the <br /> repor�ing requ�rement of this prav�siax�shall nvt encomp�ss re�ulatars' cvmmunications relat�n� <br /> s��eiy to Lic�nsed Nursing Facility su�veys where the most sev�re citatian lev�i is at the"�`r" <br /> leve� �r its equi�al�nt�pursuant to�MS State�perations Mar�ual, �hapter 7,as may hereafter be <br /> ed�ted�r updated,or any su�cessar guidance)unless a�ita.ti�n at such Ie�e� is either�i� <br /> unresol�ed fr�m the twa m�s�recent cansecutive prior sur�eys,or(ii}is a repeat violation <br /> having the same citation number. Marenver,unless otherwise requested by HUD or Lend�r,the <br /> initial communicat�an from the 4peratar pu�rsuant to t�is paragraph shal� l�e a n�tice by email to <br /> the Lender describin�the conduct cited,the scope a.nd duration af remedy(ies} imposed, and the <br /> tirr�e�ines for corrective activns. Then, unless otherwise requested by HUD or Lender,the next <br /> c�mmunicati�n from the �p�ratar�ha��be notification th�t the�it�tions have b���c��ar�d by t1�e <br /> iSSuan�regtl�ata��'y�genGy. T'he receipt by HUD ax�dlor Len�er of not�ces,reports, sur�eys, <br /> CD�"�5�]UI1C��I1G�'aI]C�C�t�ler lllfC]�"I11a.t1�I].5�Ia1�11��13]ally Way 1I17�1�5�a.I]y[��7�Iga.t1(]Il�r Ila.�7l�lty��1 <br /> HUD,the Lender or their respective agents,representativ�s or designees ta take�r r�frain from <br /> taking any actian, and HUD, Lender a.nd their respe�ti�e agents,represen�ati�es and designees <br /> shall have�o liability far ar�y failur�t� a�t thereon or as a result there�f. <br /> 26. �PERAT(]R; ���IPERA'�`I�3N IN�HANGE �F(�PERATUR. <br /> �a� Unless B�rro�ver�s�tself the licens�d operator of the Healthcare Facility, <br /> Borrawer has or sha11 enter inta a.nd maintain the Master Lease, and sha11 cause Master Tenant to <br /> enter�nto �nd mainta.in the Borrower-�perator Agreernent, in su�h form as approv�d by HUD. <br /> Any�peratar�including��rr�wer}mu�t be approved by HUL7 ar�d shali e�ecute a Hea�thcare <br /> Regulatory Agreernent—�]perat�r�Forrn HUD-92�56A-�RCF�upon such terms as axe <br /> acceptable to HUD and an�perator Security�greemer�t�Form�IUD-9�3�3-�R�F}and deposit <br /> account cantro� a�r�em�nts in form and substance satisfa�t�ry to HLJI] and L�nder. If Borr�wer <br /> is ar��comes�perator, Borrower shall e�e�ute a Healt�care F�.egulatory Agr�ement—��erator <br /> �Farm H[JD-�924�f A-�R�F)upon terms acceptable to HUD and an�perat�r Security <br /> Agr�ement�Form HL�D-9Z323-4RCF} and depos�t account c�ntra�agreements in f�rm and <br /> su�stance satisfacto�t�HUI�and Lender. <br /> Pre�ious�ersions obso��te Page 1 S af�S form HUD-9�4SS-�RCF�Rev.D3113} <br />
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