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��14��135 trust, business trust, corporation, �imited Iiability company, �nstitution, entity flr any � go�ernmental autharity("Persons"} at any time claiming any interest in the�ollatera�. �c} The Co�lateral will be used by the Master Tenant only in the operation �f the Project. Until an E�ent of Default �as def�ned belovv} occurs, the Master Tenant may have pnssession of the Callateral and use it in any lawful manner not inconsistent with the Loan Documents, the Master Lease I]acuments, and any palicy of insurance thereon. The Master Tenant wi�l not se11, assign, lease, or otherwise dispose of any of the �ollateral without the prior written consent of the Secured Par�y; havve��r, the Master Tenant wi 11 ha�e the ri ght, without the Se�ured Party's �onsent, to transf�r, sell or dispose of �ollateral in the ardinary caurse of business af operating the Healthcare Facitity for the Approved Use as fallows: �i} �f any in�entary or other tangib�e Collateral utilized in the ordinary ��urse �f pro�iding ser�ices to the r�sider�ts of the Healthcare Faciiity and �ii} af Coliatera� that has become a�solete, w�rn out, or atherwise inappropr�ate, unfit or unnecessary for use in aperating the Health�are Facil�ty. Such Collateral sha�l be known as "Consumed Property." Master Tenant shal� promptiy replace such Consumed Praperty vvith other praperty of reasonably equi�alent �alu� as nec�ssary or appr�priate t� maintain the operation �f the Healthcare Facility for the Appr�ved Use in compliance with applicable law and Program �hligations. Replacement pers�nal proper�y shal� be free and �lear of any Liens except for the Permitted Liens. To the extent of Master Ter�ant's �nterest, any such replacement persona� property w�l 1 automatical ly became a part Qf the Collatera� under this Agreement. The Secured Par�y's interests in th� praceeds �f the Col�ateral �ar notification of its inter�sts in the proceeds of the C�l�ateral in financing statements or otherwise} will not be construed as madifying th�s Agreement �r as the Se�ured Party's consent to the dispositi�n of any Collateral other than as pra�ided in this Agreement. (d} All tangible �ollateral is to be Iocated at the Healthcare Facility, and no tangible �oliateral may be removed therefrom without the priar consent of the Secured Party unless the Collateral is (i} Consumed Property under the terms of Section 3�c} abo�e or(ii} being r�m�ved in acc�rdance w�th the terms af Sectian 3��} below. Immediately on demand therefor by the Secured Party, the Master Tenant vvill deli��r to the Secured Party any and al1 e�idences of ownership of th� C��lat�ral (includin�certif cates of title and applications for title}. �e} The Mast�r Tenant wili give the Secured Party n�t �ess than 3� days prior written notice of any �hange of (A} Master Tenant's corporate, I1ri71t�Ci �1a�71�lty company, partnership, daing business, trade �r Iegal name or �B� the �acation of any Collat�ral. Prior to changing its nam�, the Mast�r Tenant sha�1 pro�ide Secured Party, not less than thirty �3�} days priar to the effecti�e date of any name change �i} written n�tice t� the Secured Party of suCh name �hange, and �ii} a file-stamped copy of a UCC-3 financing stat�ment that properly reflects the name change, wh�ch UC�-3 finan�ing statement must be filed andlnr record�d in ali appropriate filing offices and any ather offices vvhere a UCC-� f�nancing statement was fi�ed in connection with the closing af the Loan. Additionally, the Master Tenant shall not change the location of the C�llatera�, without the pr�or writt�n consent of�ecured Party, and without taking a�l such actions necessary t� insure such change daes n�t impair �r adversely affect Secured Party's Liens. �� The Master Tenant will, at �ts own cost and expense, maintain a11 _of the tangible �ollateral in gaad working cond�tion and make al� necessary renewa�s, repairs, Pre�ious�ersions obsolete Page l of 2� � fvrm HLJD-9�34�-�RCF�Rev. �31�3}