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rn <br /> m IV �� � <br /> rnm � �� rn <br /> � <br /> o �� � � zrn � rn <br /> � �o rn , U] �Q � o <br /> � �z � rn �� � � <br /> � � <br /> � Z� � � �Z p — <br /> � G�� � � _� �7 � <br /> �� rn �� � � <br /> . <br /> rn� rn � r� � � <br /> �ecard�n re uested b : �° � � � <br /> � � Y �� � <br /> Matthew J. Porter, �s . �'� � `-"-' z <br /> q o� � � <br /> Varys, Sater, Seymaur and Pease LLP � � z <br /> 19�9 K Street N�, Suite 90� � <br /> Washington, DC 2U��6 <br /> After recarding return�a:. <br /> Ms. �ynthia�hapman <br /> Vorys, Sater, Seymour and Pease LLP <br /> 3�1 East Fnur�h Stre�t, Suite 3 5�� <br /> �r�at American To�ver <br /> �incinnati, �H 452�2 <br /> Grand lsland Bickford Cottage <br /> FHA Pro ject No. 1�3-22U5� <br /> ASSI�NMENT �F LEASES AND RENTS <br /> This Assignment nf Leases and Rents �this "A�reement") is made, �ntered into and <br /> dated as of Seutem ber 1 st,2�14, by and between GRAND ISLAND BI�I�F�RI] ��TTAGE <br /> �P�� LLC �"�peratvr"�, a lim�ted liabiiity comp� arganized and existing under the laws <br /> of KanSas, wha is located �as that term is defined ir� the Uniform ��mm�r�ial �ode as now <br /> ena�ted in the State, as that t�rm is defined belaw, ar hereafter amended ar superseded �th� <br /> "U��"�} at clo Eb Rea1 Grou L.L,C. 13795 �ou�h Mur-Len Road Suite 3�1 ��athe <br /> Kansa� 65U52 �"�perator"}, and I�EYSANK NATI�NAL ASS��IATI�N �"Secured <br /> Party"or"Lender"}, a national bankin�association. <br /> �perator ar�d Lender ha�� entered into that certain �perator Se�urity Agreement, dated <br /> as of substa.ntially even date herewith �"Security Agreement"}, secur�ng, in part, a mortgage <br /> laan by S�cured Party ir� connecti�n with the financing af a healthcare facility cammonly known <br /> as �rand Island__Bickford Cottage (the "Hea�thcare Facility"�, authori�ed ta recei�e mortgage <br /> insurar�ce.pursuant to Section 232 of the National Hausing Act, as am�nded, and l�cated on th� <br /> real property �ega�ly described on E�hibit A attached hereto and �r�corporated herein by <br /> refer�nce. Any terms not defined h�rein shall ha�e the meaning gi�en in the Security <br /> Agreement. T� the �xtent allowab�e by law, any pro�isions af the Security Agre�ment not in <br /> confl�ct w�th the prov2s�ons set fnrth here�n sha�� be deemed �o a�p�y ta �h�s Agreement. Fnr <br /> example, any notice required by applicab�e law andlor this Agreement shall be deemed properly <br /> gt�en if gi�en in aGcardance v�ith the notice provision� set farth in the Security Agreement. <br /> 1. Definitions: <br /> �a� "HUD77 shal� mean the iJnited Stat�s Departm�nt of Housing and Urban <br /> Developm�nt, acting by and through the Secretary, hjs or her success�rs, assigns or designa�es. <br /> �b� "Elrgibl� AI� Lender" sha�l mean a bank, financia� institution or ��her <br /> institutiana� Iender which is in the business af making loans to provide working capital to <br /> businesses and which is satisfactory t��he S�cured Party and appro�ed by HUD. <br />