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201606435
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Last modified
7/24/2017 3:45:16 PM
Creation date
9/29/2016 9:38:39 AM
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DEEDS
Inst Number
201606435
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2� 1 ���435 <br /> �1 S} a�l awards,payments, sett�ements or other compensatian resulting fror� Iitigati�n <br /> invo�vir�g the Project; <br /> �19� any and a�� 1�censes required to �perate the Healthcare Facility and receiv�the <br /> benefits and re�rnbursera��nts under a pravider agreement with Medicaid, Medicaxe, <br /> any State �r local programs, hea�th�are insurers or other assistance providers relied <br /> upon by HUD to insur�this Security Instrument, to the extent al�owed by 1aw, and <br /> regardless of whether such rights and contra�ts are he�d by Barr�wer o�an operator; <br /> anc� <br /> (��� all receipts, revenues, income and other moneys recei��d by ar an behalf of the <br /> Healthcare Facility, including a�l Accounts Recei�able, all contributi�ns, donations, <br /> gifts, grants, b�qu�sts, all rev�nu�s derived fr�m the operat�on af the Healthcare <br /> Faci��ty and all rights to receive the same, v�rhether in the form of Accounts <br /> R�ceivable, contract r�ghts, chattel paper, instruments ar other rights whether novv <br /> owned ar he�d�r later acquired by or in connection with th� operation af the <br /> Healthcare Facility. <br /> "N�n-Pr�f�t Borrower" means a Barrov�rer that is treated under the firm cammitment as a <br /> corparation nr association argan�zed for purposes other than profit or ga�n for itse�f�r persons <br /> identified therewith, pursuant to Sect�an 5��(e}�3} or oth�r applicab�e pr�visions of the Interna� <br /> Revenue �ade. <br /> "Note" means the Note �xecuted by Borrower evidenc�ng th� Laan des�ribed in th�s Security <br /> Instrument, including a�� schedu�es, riders, al��nges and addenda, as such Not� may be amended <br /> from time ta t�me. <br /> "Notice"means all notices, demands and�ther cornmunicat�ons under or concerning any vf the <br /> Loan D�cuments. <br /> "Nursing Home"means a publ�c facility, proprietary fac��ity, or facil�ty �f a private nonprofit <br /> corporation or ass�ciation, licensed�r regulated by the State �or, if there �s no State 1aw <br /> providing for such licensing ar�d regulation by t�e State, by the municxpality or�ther polit�cal <br /> subdi�ision in Which the facility is located}, for the accammodation of c�nvales�ents �r other <br /> p�rs�ns wha are not acutely ill and not in need�f haspita� care but wha require skilled nursing <br /> care and re�ated medica� s�rvices, in Which such nursing care and medica� ser��ces are prescribed <br /> by, or are performed under the general direction of, persons �icensed to provid� such care or <br /> services in accordance with the laws of the State where the facility is �acated. <br /> "�perator" means, except as otherwis� approved by HUD, (i� any single asset entity acceptable <br /> to HUD that operates the Healthcare Faci�ity, pursuant to a lease, management agreem�nt, <br /> op�rating agreement, or similar contract with the Borro�ver, or�f the Healthcare Facil�ty is <br /> aggregated with ather hea�th care facilit�es in cor�nection with a master�ease, with the Master <br /> Tenant, or�ii�th� BorroWer in those circumstances �n Wh�ch the B�rrower is directl� operat�ng <br /> the Healthcare Fac���ty. Where the Proj ect has mare than one licensed operat�r, the us� �f the <br /> singular shall include the plural. <br /> Pr�vious versions obsolete Page 'f0 form HUfl-94�D0-�RCF �Df1��14} <br />
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