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201406184
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Last modified
7/20/2017 8:58:53 PM
Creation date
9/29/2014 12:58:31 PM
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DEEDS
Inst Number
201406184
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��14��154 <br /> � �U14U�137 <br /> This Agreement shal} continue during such period of t�rne as I�UD sha�i be the aw�ner, holder�r . <br /> insurer of�he Note. Up�n satisfaciian of such Note, as e�idenced by the dischar�e ar release �f <br /> the Barro�ver's 5e�urity Instrument, this A�reement sha�� autvxnatica��y terminate. Hawe�er, <br /> nvtwithstanding su�h �erminat�on, Master Tenant sha�l remain res�ansible for any <br /> �io�atinns of�his�gre�ment which o�cu.rred prior ta term�nation. <br /> Definiti�ns: <br /> Any capitalized t�rms used but n�t defu�ed herein sh�l ha�� the meaning giv�n them ir� the <br /> Borrower's Se�urity Ins�rumen�,as defin�d below. <br /> "Borrawer" shall m�an Grand Island Bickford �oits e L.L,C. a Kansas �im�ted iiabi�i <br /> comnanr, the Borr�wer in conne�tian with th� Project and a party to the Borrawer's Secwri.ty <br /> �nstrument. B�rrflwer is sometiunes referred to in the Laan Dacuments or in Frogram <br /> C]bligations a�the"�wner"vr the"�ortgagor." <br /> "l�arrower-�peratar Agre�ment" means any agreement relating to the management and <br /> operation�f the Health�are Faciiity by and between �ast�r Tenant �nd �perat�r, xncluding any <br /> �perat�r Lease. <br /> i�Borrawer's Re�u�atory Agreement" means that �erta�n Healthcare Regulatory A�eement— <br /> �orrawer dated as of substantia.�iy even date herewith, relating to the Project, and ma.de by <br /> Bvrrawer far the benefit of HUD. <br /> "Borro�ver's Security Inst�rument" means t�iat cert�in Healthcare Dee� af Trus Se�uri <br /> A reemen� Ass� ment af Rents and Fixture F�lin ebraska , made �y the Borrower, <br /> reZating t�the�'r�j ect. <br /> "Bu�ioes�Day"means any day ather than a Saturday or a Sunday, a F�deral hol�day or holiday <br /> in the state where the Project is Ivcate�i vr other day an whi�h the Federal gv�ernment or the <br /> �vvernment af the state where th� Project is �a�cat�d is n�t open f�r business. �Vhen nat <br /> specifica.�ly designated as a Business Day;the term"day"shall refer t��alendar day. <br /> "Healthcare Fa�iiity" rneans that portion vf �.he Project vperated on the Land as a Nursing <br /> Home, rntermediate Care Faci�ity, Board and �are Home, Assisted Living Facility, andlar any <br /> �ther heaithcare facility authvrized to re�e��e m�rtga�e insu.ran�e pursuant to Secti�n�3� af the <br /> Nativnal Hausing Act,as amended,including any cornmercial space included in the facility. <br /> "H�althcare Fa�ility VVorking Capital" means current assets af�h� Healthcare Facility minu.s <br /> current liabilities vf the Healthcare Facility, pwrsuant to Generally A�cepted Accounting <br /> Princip�es,and as HCJD Progxam Q�li�ations may fiirther c�arify or d�fine. <br /> "Loan Documents" means thi� A�reement, the Barrvwer's ��gu.�ator� Ag�reem�nt, the <br /> C]pera�ar's �.egu�a�ary Agreement, and a1I ather agre�ments, instruments, and dacuments whi�h <br /> are n�w e�isting or are in the future requi�red by, del�vere�l to, andlor assigned tv Lender andla�r <br /> HUD in c�nn�ctia�n with�r r�lated to the Pr�ject,wh�th�r exe�uted�r deli�ered by or an behalf <br /> of Borrow�r, �perator, �r Mast�r Tenant, a.s the same may be amended from time ta �ime, <br /> Pr�vi�us�ersions obso�et� Page�o�"14 �orm HUD-9?.337-qRCF�Rev.p3113�� <br />
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