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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 /> 2�14�61�7 <br /> request xn wri�ing from HUI) sha�� re�egotiate the amou�ts due under th� Master <br /> Lease so that such amQu.nts sha�1 be suf�'icient t�pay for such�tems. <br /> 2. APPRa�TED USE;P�RMITS AND APPR�VALS. <br /> �a} As used h�rein, "Appra�ed Use" means the use of the Pr�ject for the <br /> aperation of a �ealthcare Faci�ity as an �ass�ste,d, liv�,ac% with 37 <br /> u,n�,_#s„and such other uses as may be appraved�n writing from t�me to tirne <br /> by HUD based upon a request made by the Borrvwer, Qperator, nr Master <br /> Tenant, but excludin� a.ny uses �hat are discvx�txnued with the written <br /> appr�val of HUD. Master Tenant sha1� ensure that use af the Health�are <br /> Facil�ty is in accardanc�with the Approved Use. <br /> �b} As used herein, "Permits and Appra�a�s" rneans and inc�udes a11 <br /> cert�ficates of need, bed authurity, provider agreements, licen�es, �ermits <br /> and appro�als reasonab�y necessary�o operate the Healthcare Faci�ity or ta <br /> fund �he operatian of the Proj ect far t�e Appro��d Use. The security <br /> inter�sts grant�d pursuant to the Niaster Tenan�'s Security A�r�ement <br /> referr�d �a in paragraph 1 S her�af sha1� constitut�, to the ext�nt permitted <br /> by�aw, a first�ien upon a���f Master T�nant's rights,�it�es and ifl�erest, if <br /> any, in �he Permits and Appro�als. H�we��r, xn th� e�ent vf ei#her a <br /> m�ne�ary or �ther default und�r this Agreement, the Borrower's <br /> Regulatory Agreement, any vther r�gula�ory agreement made far th� <br /> benef t of HT.JD relatin�ta the Proj ect, or any n�te ur s�curity ir�strumen� <br /> �vi#,h respect to the Froject that is insur�d or held by HUI�, Master Tenant <br /> sha11 c�operate in any �egal and lawful xnanner necessary or requir�d ta <br /> penxut the�antinued operatinn of the Healthcare Fac����r for the Appraved <br /> Use including, as determined by HUD, in eonsultation v�r�ith the Lend�r, <br /> the necessary �on�eyance, assignm�nt vr tr�n.sfer of Perm�#s and <br /> Appra�a�s. Fa�r the in�ents and pwrposes her�in, Master Tenant hereby <br /> irrevacably nominates and appc�i.n�s H�..JI�, and with HUD's prior written <br /> appro�al, the Lender, the�r respective suc�essors a�r�d ass�gns of bath each <br /> in it�s �vvn capa�ity, as Master Tenant�s at�orney-in-fa�t cQupled with an <br /> intertest ta do a11 �hings that any su�h attorney�in-fact deems to be <br /> ne�essaty a�r appropria�e in arder to facilitate �.he cnntinued operation o� <br /> the Hea�thcare Fa�i�ity for the Apprv�ed U�e, including�ut not limited to <br /> the power and authority to provide any at�d alI information and data, pay <br /> such fees as may be r�quired, and execute and sign in the name of th� <br /> Mast�r Tenant,1tS SU.C�e55�I'S Clr a5S1�5,au�y and all do�uments, as rnay be <br /> required by any �a�ernrnenta� Authori�y exer�ising j urisdi�tio� aver the <br /> Project. The Master Tenant`will not alter or termir�atea�r suffer ar perrnit <br /> the alteration, relinquishment �r termination �f any Permit nr Approval <br /> � that is issued�r he�d in the name of Master Tenant or�p�rator without th� <br /> pr��r written c�nsen� of HUD. In the event that any such a.�teratior� <br /> re�inquishment�r terminatian is pmposed,u�on learning of such progosed <br /> Previous�ers�ons obsolete Page 4 a#'f4 form HUD-92337-�RCF(�ev.43J13� <br />
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