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200008622 <br />EXHIBIT "B" <br />Upon the request of Lender, copies of all reports relating to the services and <br />operations of the Mortgaged Property, including, if applicable, Medicaid <br />cost reports and records relating to account balances due to or from <br />Medicaid or any private insurer." <br />13. Section 17(a) of the Instrument is hereby amended to add the following <br />sentence at the end thereof: <br />"Borrower further covenants and agrees that it shall maintain and operate <br />the Mortgaged Property as a Seniors Housing Facility at all times in <br />accordance with the standards required by any applicable license or permit <br />and as required by any regulatory authority, that it shall maintain in good <br />standing all operating licenses and permits, and that it shall cause to renew <br />and extend all such required operating licenses or permits, and shall not fail <br />to take any action necessary to keep all such licenses and permits in good <br />standing and full force and effect. Borrower will immediately provide <br />Lender with any notice or order which may adversely impact the Mortgaged <br />Property, its operations or its compliance with licensing and regulatory <br />requirements." <br />14. Section 17(b) of the Instrument is hereby amended to replace the second <br />sentence of Section 17(b) with the following sentence: <br />"If required by Lender (whether before or after an Event of Default), <br />Borrower will cause any Affiliate of Borrower to whom fees are payable for <br />the management of the Mortgaged Property to enter into an agreement with <br />Lender, in a form approved by Lender, providing for subordination of those <br />fees and such other provisions as Lender may reasonably require." <br />15. The reference in Section 17(a)(5) to a residential rental property manager <br />shall be deemed to mean and refer to an operator of a Seniors Housing Facility and <br />any management company engaged thereby. <br />16. Section 18(b) of the Instrument is hereby amended to add the following <br />sentence at the end thereof: <br />"Prohibited Activities and Conditions also shall not include the safe and <br />lawful use and storage of medical products and devices customarily used in <br />the operation of a Seniors Housing Facility." <br />Modifications to Instrument (Seniors Housing) Form 4075 3/99 Page 5 <br />