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201406184
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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 /> Z�14�6137 <br /> Ter�ant ar�dlor �peraf�r rnay with.hold payrr�ents of amounts due �vendors <br /> for aperativnal expenses that Master Tenan� or a�erator, in good fa.iE�, <br /> dispute. <br /> (c) �n the e�ent that N�aster Tenant receive� a written not�ce from HUI] or <br /> Lender �i� stating �hat a defaul� �xists under the Borrawer's R�gulatvey <br /> A�reement, the Borra�wer's Secu�ity Ins�rument or any note ar security <br /> instrument with respeet to the Project thati is insu�red ar held by HLTI�, a,ta�d <br /> �ii�directing Master�'enant to make future payments due under the Mast�r <br /> Lease to HUD ar Lender, Master Tenant sha�l �hereafter rna,k.e a�1 future <br /> payments u�x��r th�Mas��r Lease tv HUI]Qr Lender as sn directed. <br /> 6. TR.ANSFERS;��-�.ANGE TN��NTR��;MASTER LEASE�AMEN�.7MENTS. <br /> �a} �L�'ithout the priar vvritten consent �f HUD, #here shall be no �hange ir� or <br /> �ransfer af <br /> {i} the managem�nt, o�rat�on, �r r.antrol Qf fihe Proj ect �r the <br /> H�althcare Fa��lity,or <br /> �ii} any change in the�wnership or cc�ntrol of the Master Tenant a.s set <br /> forth in Program�b�igati�ns. <br /> (b� The Master Lease sha11 not be terminated pri�r tv th� expirati�n d.ate <br /> thereof ar ass�gned vvith�ut the prior vvri,tter� appr��al af �UD. In th� <br /> event af ar�y a�s�gnment of the Ma�ter L�ase� as a candi�ion ta such <br /> assignment, the ass��e� shall execute and del�ver a regulatory agreement <br /> in form and substance satisfactary to HUI]. The Master Lease shall n�t b� <br /> ax�nended without the prior vvr�tt�n apprvval of HU� if such� amendment <br /> . wvuld (i} neduce th� rent �r ather pa.yments due thereunder, �ii} increase <br /> the �bligations vf the B�rr�wer �r the rights af�he Master Tenant, �iii� <br /> decrease the rights of the Barrower or the abligati�ns of the Mast�r <br /> T�nant, or�iv� alter any pravisian af the Master Lea.�e that HUI] required <br /> t�b��nc�ud�d thereut.�opies of a.li amendments t�the Master Lease shall <br /> be prompt�y fi�xrush�d to HUI]and the Lender. <br /> . <br /> 7. �VIANAGEMENT A�REEMENTS. <br /> No management agre�mentts) may b� executed c�nc�rning the Hea�thcare <br /> Faci�ity or any portian of t�e Proj ect �"ManagemQnt Agre�ment"), La.ri1�55 SLiC�1 <br /> Management Agreement is appr�Wed by HC.J17. A.riy such XI�Ianagement <br /> Agreement shall contain a prvvisian that, in the event HUD issues any notice of <br /> violation�r default under this Agreement,the C]perator's R.egulator� Agreement, <br /> ar the Borrower's Regulatory Agreem�nt,the Management�greem�nt(s�shall be <br /> subject to terminati�n w�thout penalty upan wr�tte�a request of HUD. Upan such <br /> request, Master T�nant sha�l imrnediat�ly arrange to ter�minate the Management <br /> Previnus Wersions obsvle#e Page 8 af 14 fQrm HLJD-9?.33T�]R�F(R�v.031�3� <br />
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