ex10_275.htm


    
      

    

    Exhibit
      10.27.5


     

    SECOND
      AMENDMENT TO LEASE
      AGREEMENT

     

    THIS
      SECOND AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made
      by and between HOBART RETIREMENT L.L.C., an Indiana limited liability company
      ("Landlord"),
and SUMMERVILLE
      2 LLC, a Delaware limited liability company ("Tenant"),
      as an amendment to that certain Lease Agreement effective April 1, 2005 (the
      "Lease"), as
      previously amended by a First Amendment To Lease Agreement effective August
      15,
      2006 (the "First Amendment"). Capitalized terms not otherwise defined have
      the
      meaning stated in the First Amendment.

     

    Background:

     

    A.            Landlord
      has leased to Tenant, pursuant to the Lease, the Premises at 1420 St. Mary's
      Circle, Hobart, Indiana 46342.

     

    B.            By
      the First Amendment, Landlord has agreed to construct, and Tenant has agreed
      to
      lease, the Addition to the Premises.

     

    C.            Per
      Section 2(c) of the First Amendment, Tenant has the right to terminate the
      First
      Amendment if Landlord has not obtained HUD and Mortgagee approval and the Loan
      Closing has not occurred by the Outside Date of February 15, 2007.

     

    D.            The
      parties recognize that the Loan Closing will not occur on or before the
      currently specified Outside Date, but do not wish to terminate the First
      Amendment.

     

    NOW,
      THEREFORE, in consideration of the mutual promises herein, and for good and
      valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, Landlord and Tenant, intending to be legally bound, hereby agree
      as follows:

     

    1.           Modification
      Of Outside
      Date. Section 2(c) of the First Amendment is hereby modified to provide
      that the Outside Date shall be April 30, 2007.

     

    2.           Counterparts.
This
      Second Amendment may be executed by the parties hereto in

     

    separate
      counterparts, all of which, when delivered, shall together constitute one and
      the same instrument, and a
facsimile copy shall
      be deemed to be as sufficient as an original for all
      purposes.

     

    [signatures
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    IN
      WITNESS WHEREOF, the parties have executed this Amendment as of the day and
      year
      first above written.

     

    
      	 	
              LANDLORD:

            
	 	 	 
	 	
              HOBART
                RETIREMENT L.L.C.,

            
	 	
              an
                Indiana limited liability company

            
	 	 	 
	 	
              By: 

            	
               

            
	 	 	 
	 	 	
              Name:
                Charles M. Loeser

            
	 	 	
              Title:
                Secretary

            
	
               

            	 	 
	
               

            	 	 
	 	
              TENANT:

            
	 	 	 
	 	
              SUMMERVILLE
                2 LLC,

            
	 	
              a
                Delaware limited liability company

            
	 	 	 
	 	
              By: 

            	
              /s/
                Granger Cobb

            
	 	 	
              Name:
                Granger Cobb

            
	 	 	
              Title:
                President