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201406137
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201406137
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Last modified
7/20/2017 8:56:04 PM
Creation date
9/26/2014 2:33:17 PM
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DEEDS
Inst Number
201406137
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��14��137 <br /> f nan�ing approved by HUI], and ma,king payments for Reasonable <br /> �perating Expenses. <br /> �f} At the request of HUD, Master Tenant shall gi�e s�ecif� answers, <br /> satisfactory to HUD, t� questions posed from time to t�me relating to <br /> income, assets, liabilities, cnntracts, �peration, and c�nditi�n af the <br /> Hea�thcare Facility, ar�d shall prov�de to HUD co�ies of all b�oks, <br /> c�ntracts, records, documents and other papers relating ta the Health�are <br /> Facility from time to t�me as HUD may request. <br /> (g} Master Tenant acknowledges that the financial information referenced <br /> above is necessary for HLJD to r�view fr�m tirne t� time, given the risk <br /> inherent in the operation of the Healthcare Faci�ity, and given the <br /> necessity �f the Master Tenant's financiai and operat�anal stability in <br /> order t� ensure timely payment of amounts due under the Master Lease <br /> essential to the Borrower's debt service. <br /> 15. LTNIF�RM C�MMER�IAL ��I]EILIENS. <br /> Except as otherw�se approved in writing by HUD, Master Tenant shall grant t� <br /> Lender and HUD a f rst Iien se�urity interest in a�� af Master T�nant's rights to <br /> pers�nal pr�perty of Master Tenant used in the operation of the Hea�th�are <br /> Facility or the Praje�t as additional security for the ob�igations of the Barrower <br /> under the Nvt�, Barrower's Securiiy Instrument, and BorroWer's Reguiat�ry <br /> Agreement, and th� Master Tenant's obligations under this Agr�ement. Such <br /> S��Llrlt� 1rit�reSt 5�1a.�� �]� eviden�ed by such security agreement(s} as Lender <br /> andlar HUD may requir� in connect�an therewith. Master Tenant shall execute <br /> and d�liver, �r caus� ta be executed and delivered, su�h deposit ac�ount �ontrol <br /> agreements as may be required by Lender andlor HUI]. Master Tenant shall not <br /> allow ar�y such required deposit acc�unt control agreements, sweep agreements, <br /> or other such required agreements, to be revoked �r rescinded at any time without <br /> Lender's pr�or written consent. Master Tenax�t hereb� authorizes eaCh af the <br /> Lender and HUI] to file SLiCrI U�C f1ria.IlClri� statem�nts and continuation <br /> statements as e�ther of them may deern to be necessary or appr�prxate in <br /> connection with the foregoing se�urity interest. E�cept as provided �n this <br /> paragraph 15, without the prior written approval of Lender and HUD, Master <br /> Tenant shall not be permitted to grant or �ermit any other liens on any of the <br /> property re�ated to the Pr�j ect. <br /> 16. Master Tenant shall ensur� that all goods and ser�i�es purchased or acquired �n <br /> conne�tion with the Proj ect axe Reasonable �perating Expenses, except as <br /> otherwise allowed by HUD. <br /> 17. PR�FESSI(�NAL LIABILITY INSURANCE. <br /> Pr�vivus�ersions absolete Page'1�of'l4 form HUD-9�33?-�R�F�Re�.D31�3} <br />
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