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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 /> Master Tenant shall maintain, andlor cause to be maintained, prafessional ��ability <br /> insurance that compiies With Program �b��gatians. Anr�ua�ly, upon such time <br /> peri�ds as set forth in Pr�gram �bl�gations, Master T�nant shal� provide, or cause <br /> to be pr���d�d, to HUD and Lender, a certifi�ation of compliance with such <br /> professional Iiabil�ty insurance requirements, as approved by HUD. <br /> 18. TRANSFER�F �PER.ATI�NS. <br /> Master Tenant agrees that, in the e�ent that HUD requires a repla�ement operator <br /> pursuant to th� �perator's Regu�atory Agreement, or terminates the Master Lease <br /> in accordance with this Agreement, Master Tenant shall ���perate with such <br /> actians and shall take a�� a�tions necessary to (i} provide for an vrderly transitian <br /> to the replacement operator of licensed operations with applicable Medicare and <br /> Medicaid certif cati�ns intact, �ii} ma�nta�n norma� �perations, �iii� avo�d <br /> d�splacem�nt of residents, and ��v� transfer all transferable provider agreements t� <br /> the rep�acement aperator(s}, as appl�cable. Master Tenant hereby agrees to waive <br /> any terminat�an fees and penalties due to Master Tenant relating to such <br /> terminati�n or transfer actions. <br /> 19. N�TICE. <br /> All not�ces, demands and other communications �"Natice"� under �r concern�ng <br /> ��115 Agreement shall be in Wr1tlllg. Ea�h Notice shall be addressed to the <br /> intended recipients at their respective addresses set forth herein, and shall be <br /> deemed given on the earliest to occur of�1} the date when the Notxce is received <br /> �y the addressee; �Z� the first ar se�ond Business Day after the Notice is delivered <br /> to a rec�gnized avernight C�urier service, With arrangements made and payment <br /> of charges for next or second Business Day delivery, respectively; ar �3} the third <br /> Business Day after the Notice �� deposited in the United States mail w�th postage <br /> prepaid, certifi�d mail, return rece�pt requested. <br /> Any Notice hereunder sha11 be addressed as follows: <br /> Previaus versions absolete Page'13 of'14 form H�D-92337-�RCF (Re�.�31'I 3} <br />
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