**FIRST      AMENDMENT TO AMENDED AND RESTATED**

**MASTER      LEASE AGREEMENT**

**HEALTH      CARE REIT, INC.**
**HCRI MISSISSIPPI      PROPERTIES, INC**
**HCRI MASSACHUSETTS      PROPERTIES TRUST II**
**HCRI TEXAS      PROPERTIES, LTD.**
**EMERITUS      CORPORATION**

**R      E C I T A L S**

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*[i] Saratoga      Partners IV, L.P. (“Saratoga”); [ii] Senior Healthcare Partners, LLC;      [iii] *
*[iv]*
*[v] *
*and      [iv] any Affiliate of any of the entities listed in clauses [i]      through [v]*

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**[THE      REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]**

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| Signed                and acknowledged in the presence of:  Signature                /s/ Rita J Rogge Print                Name  Rita J. Rogge   Signature                 /s/ Kathleen A. Sullivan Print                Name  Kathleen A. Sullivan                       | HEALTH                CARE REIT, INC. By:                 /s/ Erin C. Ibele                     Erin                C. Iblele                      Title:  Vice President - Administration and Corporate                Secretary                                                                                                                                                                                                                                                                                                                                                                                                          |
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|                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|    Signature                 /s/ Rita J Rogge Print                Name  Rita J. Rogge   Signature                 /s/ Kathleen A. Sullivan Print                Name  Kathleen A. Sullivan                                                                     | HCRI MISSISSIPPI                PROPERTIES, INC. By:                   /s/ Erin C. Ibele                       Erin                  C. Iblele                        Title:  Vice President - Administration and Corporate                  Secretary                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|             Signature                 /s/ Rita J Rogge Print                Name  Rita J. Rogge   Signature                 /s/ Kathleen A. Sullivan Print                Name  Kathleen A. Sullivan               | HCRI MASSACHUSETTS                PROPERTIES TRUST II By: HCRI Massachusetts                Properties, Inc., as Trustee, and not individually, and subject to                the                provisions of the Declaration of HCRI Massachusetts Properties                Trust II filed with the Secretary of the Commonwealth of                Massachusetts and the City Clerk of Boston By:                   /s/ Erin C. Ibele                       Erin                  C. Iblele                        Title:  Vice President - Administration and Corporate                  Secretary |
|                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|      Signature                 /s/ Rita J Rogge Print                Name  Rita J. Rogge   Signature                 /s/ Kathleen A. Sullivan Print                Name  Kathleen A. Sullivan                                                         | HCRI TEXAS                PROPERTIES, LTD. By: Health                Care REIT, Inc., General Partner By:                     /s/ Erin C. Ibele                         Erin                    C. Iblele                          Title:  Vice President - Administration and Corporate                    Secretary                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|    Signature                 /s/ Tara Anderson              Print                Name  Tara Anderson    Signature                 /s/ Alyce Conti Print                Name  Alyce Conti  | EMERITUS                CORPORATION By:                /s/  William M. Shorten                       William M.                Shoten      Title:                 Director of Real Estate Finance Tax                I.D. No.:  91-1605464                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|      Signature                 /s/ Tara Anderson Print                Name  Tara Anderson    Signature                 /s/ Alyce Conti Print                Name   Alyce Conti                                                              | TEXAS-ESC-LUBBOCK,                L.P. By: ESC                G.P. II, Inc., its General PartnerBy:                  /s/  William M. Shorten                         William M.                  Shoten      Title:                   Director of Real Estate Finance Tax                I.D. No.:  91-1741861                                                                                                                                                                                                                                                                                                    |

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| STATE                OF OHIO ))                SS:COUNTY                OF LUCAS ) The                foregoing instrument was acknowledged before me this ___ day                of June,                2005                by                _________________________, the _________________________ of Health                Care                REIT, Inc., a Delaware corporation, on behalf of the                corporation. Notary                Public My                Commission Expires: [SEAL]                                                                                                                                                              |
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| STATE                OF OHIO ))                SS:COUNTY                OF LUCAS ) The                foregoing instrument was acknowledged before me this ___ day                of June,                2005                by                _________________________, the _________________________ of                HCRI Mississippi Properties, Inc., a Mississippi corporation,                on                behalf of the corporation. Notary                Public My                Commission Expires: [SEAL]                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| STATE                OF OHIO ))                SS:COUNTY                OF LUCAS ) The                foregoing instrument was acknowledged before me this ___ day                of June,                2005 by _________________________, the _________________________                of                HCRI Massachusetts Properties, Inc., a Delaware corporation,                as                Trustee, on behalf of and as the free act and deed of                HCRI Massachusetts Properties Trust II, a Massachusetts                business                trust. Notary                Public My                commission expires: [SEAL] |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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| STATE                OF OHIO ))                SS:COUNTY                OF LUCAS ) The                foregoing instrument was acknowledged before me this ___ day                of June,                2005                by                _________________________, the _________________________ of Health                Care                REIT, Inc., a Delaware corporation and the general partner of                HCRI Texas Properties, Ltd., a limited partnership organized                under                the laws of the State of Texas on behalf of the limited                partnership. Notary                Public My                Commission Expires: [SEAL] |
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| STATE                OF WASHINGTON ))                SS:COUNTY                OF KING ) The                foregoing instrument was acknowledged before me this                _22nd__ day of June, 2005                by                _William M. Shorten________________________, the _Director of                Real Estate Finance________________________ of Emeritus Corporation, a                Washington                corporation, on behalf of the corporation. Notary                Public /s/ Ellie J. Keen My                Commission Expires: [SEAL]                2/28/09                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

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| STATE                OF WASHINGTON ))                SS:COUNTY                OF KING ) The                foregoing instrument was acknowledged before me this                _22nd__ day of June, 2005                by                __William M. Shorten___________, the __Director of Real Estate                Finance_ of ESC G.P. II, Inc., the general partner of                Texas-ESC-Lubbock, L.P., a Washington limited partnership, on behalf                of                the limited partnership. Notary                Public  /s/ Ellie J. Keen My                Commission Expires: [SEAL]                 2/28/09 |
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**THIS      INSTRUMENT PREPARED BY:**

**Oksana M.      Ludd, Esq.**

**Shumaker,      Loop & Kendrick, LLP**

**1000 Jackson**

**Toledo,      Ohio 43624**

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**CONSENT      OF GUARANTOR**

|   | TEXAS-ESC-LUBBOCK,                L.P. By: ESC                G.P. II, Inc., its General PartnerBy:                 /s/  William M. Shorten                           Title:                 Director of Real Estate                Finance |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-1:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | A                Rancho Solano Development Agreement executed by The City of Fairfield                and                William L. Smith and Sally L. Smith, recorded June 12,                1985                as Instrument No. 25637 in Book 1985, page 50327                of the                Official Records; First Amendment to Rancho Solano Development Agreement,                recorded November 12, 1985 in Book 1985, page 107968                of the                Official Records as Instrument No. 53392; and Second Amendment                to                Rancho Solano Development Agreement, recorded December 8,                1986 in                Book 1986, page 147516 of the Official Records as Instrument                No. 71771. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | A                public service easement in favor of City of Fairfield, recorded                May 1, 1991 as Instrument                No. 910028835. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Covenants,                conditions and restrictions as set forth in the document recorded                August 24, 1994 as Instrument                No. 1994-00077900. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | An                Agreement Affecting Real Property Wastewater Service Agreement executed                by                Smith Ranch Company and The Fairfield-Suisun Sewer District recorded                March 27, 1996 as Instrument                No. 1996-00019849. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Easements                as shown on the Parcel Map, recorded at Book 40, page 10,                as                follows: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Public                service easement affecting the Easterly portions of                Parcel 1; |
|-----------------|---------------------------------------------------------------------------------------------------------|

| (b)   | Private                utility easement affecting a 15-foot strip of land within the                Southwesterly portion of                Parcel 1; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Public                service easement, private access easement and private utility easement                affecting a portion of the Westerly and Southwesterly 40 feet                of                Parcel 1; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Public                service easement affecting a meandering 40-foot strip of land within                the                Westerly portion of Parcel 1;                and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Planting                easement affecting the Easterly and Southerly 10 feet of                Parcel 1. |
|-----------------|---------------------------------------------------------------------------------------------------------------------|

| 7.   | A                private access easement and private utility easement in favor of                Smith                Ranch Company, recorded August 1, 1996 as Instrument                No. 1996-00051992. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | A                Maintenance Agreement executed by Smith Ranch Company and Fairfield                Retirement Center, LLC, recorded August 1, 1996 as Instrument                No. 1996-00051993. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | Underground                utilities easement in favor of Pacific Gas and Electric Company,                recorded                April 8, 1997 as Instrument                No. 1997-00020927. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | A                Property Maintenance Agreement executed by Fairfield Retirement Center,                LLC and the City of Fairfield, recorded September 3, 1997                as                Instrument No. 1997-00057266. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | A                cable television and communication facilities easement in favor of                Century                Communications, recorded May 18, 1998 as Instrument                No. 1998-00037024. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.   | Any                facts, rights, interests or claims which may exist or arise by reason                of                the following matters shown on ALTA Survey entitled “ALTA SURVEY for                Northbay at Rancho Solano (Loyalton of Rancho Solano)” prepared by                Carlile-Macy, dated March 27, 2002 as                follows: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Temporary                construction trailer, temporary overhead power poles and power lines,                all                being in the southwesterly portion of the                property. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-2:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | A                private easement of ingress and egress in favor of the public and                all                owners of property contiguous thereto, recorded August 29,                1968 in                Book 1486, page 510 of the Official                Records. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | A                road easement as shown on Parcel Map PR 79-119, recorded                November 13, 1979 in Book 28, page 79 of Parcel                Maps. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Covenants,                conditions and restrictions as set forth in the document recorded                November 16, 1979 in Book 2203, page 54 of the                Official                Records. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | An                irrevocable offer to dedicate real property to public use for roads,                recorded April 22, 1997 as Instrument No. 1997-019987                of the                Official Records. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Easements                granted to the City of El Paso De Robles recorded April 22,                1997 as Instrument No. 1997-019987 of the Official Records,                as                follows: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | For                transmit shelter affecting the Easterly portion of                Parcel 1; |
|-----------------|-----------------------------------------------------------------------------------------------------|

| (b)   | For                non-access affecting the Westerly portion of                Parcel 1; |
|-----------------|-----------------------------------------------------------------------------------------------|

| (c)   | For                sidewalks affecting the Easterly portion of Parcels 1 and                2; |
|-----------------|-----------------------------------------------------------------------------------------------------|

| (d)   | For                open space affecting the Northerly portion of                Parcel 1; |
|-----------------|------------------------------------------------------------------------------------------------|

| (e)   | For                water pipelines, appurtenances, ingress, egress, maintenance and                repair                easement affecting the Southwesterly portion of                Parcel 1; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | For                sewer pipelines, appurtenances, ingress, egress, maintenance and                repair                easement affecting the Southwesterly portion of Parcel 1;                and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g)   | For                access affecting a portion of                Parcel 1. |
|-----------------|--------------------------------------------------------------------------------|

| 7.   | Resolution                by and between TDC/Emeritus Corporation Paso Robles Associates and                the                City of El Paso De Robles, recorded May 1, 1998                as                Instrument No. 1998-025643 of the Official                Records. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Any                rights, interest or claims which may exist or arise by reason of                the                following facts shown on a survey plat entitled ALTA/ACSM Land Title                Survey, dated March 26, 2002, prepared by North Coast Engineering,                Inc.: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Area                subject to inundation during 100-year storm affecting Northwesterly                portion of Parcel 1; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The                fact that block wall is located between .88’ and 1.04’ Southerly of a                portion of the Northerly boundary of Parcel 1;                and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | The                fact that block wall along the Westerly boundary is located on property                to                the West of Parcel 2 and portion of                Parcel 1. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-3:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Easement                in favor of the Urbana & Champaign Sanitary District, recorded                June 10, 1966 in Book 824, page 580 as Document                No. 747985. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Covenants                and restrictions provisions relating to the Eastgate Detention Basin                Association and Assessments, Architectural Committee and to building                setback lines, all as contained in the Subdivision No. 1 recorded                June 26, 1996 in Book ”CC” at page 181 as Document                No. 96R15730 and as amended in Document No. 96R30131                recorded                December 6, 1996. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | An                easement for sidewalk and utilities over the west 10 feet,                for                sidewalk over the westerly part of the north 15 feet, and                for                utilities over the North 15 feet, and the East and South                10 feet. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Ordinance                No. 9495-65 approving an Annexation Agreement for                Meijer-Douglas-Atkins, recorded July 13, 1995 in Book 2311                at                page 606 as Document                No. 95R13702. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Covenants,                conditions and restrictions contained in the Reciprocal Construction,                Operation and Easement Agreement, recorded April 4, 1995 in                Book 2184 at page 660 as Document No. 95R05944                made by and                between Meijer Realty Company and Clinton C. Atkins, and a                Covenant                and Agreement dated December 10, 1996 and recorded January 2,                1997 in Book 2480 at page 311 as Document                No. 97R00173. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | A                Partial Vacation of Plat for Eastgate Subdivision No. 1, recorded                July 14, 1997 as Document                No. 97R16112. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Zoning                Decision Sheet recorded July 23, 1997 as Document                No. 97R16998. |
|----------------|----------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-4:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Title                to all minerals within and underlying the premises, together with                all                mining rights and other rights, privileges and immunities relating                thereto. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**[Remaining      Permitted Exceptions to be provided post-closing]**

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**EXHIBIT B-5:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Any                charge upon said land by reason of its inclusion in Woodlands Village                Association. (All assessments which are due and payable have been                paid.) |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Reservations                contained in the Patent from the United States of America, as recorded                June 17, 1949 in Book 11 of Official Records, page 147,                reading as follows: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Water                rights, claims or title to water, whether or not the matters excepted                are                shown by the public records. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Easements                as set forth on the plat recorded in Case 4, Maps 131-131B,                as                located and shown on ALTA/ACSM Land Title Survey performed by                Kenneth A. Krenke RPLS NO. 14671 of Northland Exploration                Surveys, Inc., dated April 29, 1999, Job                No. 98-016. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | All                matters as set forth in the Covenants, Conditions, and Restrictions                in                instrument recorded August 1, 1984 in Docket 989, page 455,                re-recorded August 1, 1985 in Docket 1043, page 182,                recorded June 2, 1995 in Docket 1774, page 813,                and as                amended by Amendment dated May 30, 1996 and recorded June 3,                1996 in Docket 1881, page 360, but deleting any covenant,                condition or restriction indicating a preference, limitation or                discrimination based on race, color, religion, sex, handicap, familiar                status or national origin to the extent such covenants, conditions                or                restrictions violate                42 USC 3604(c). |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Subdivider                Agreement between the City of Flagstaff and Woodlands Village, Subdivider,                recorded October 5, 1987 in Docket 1182,                page 954. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | All                matters set forth in Development Agreement between City of Flagstaff                and                VVC, Inc., am Arizona Corporation, recorded June 9, 1995,                in                Docket 1776, page 263. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | All                matters set forth in Conditional Use Permit recorded November 24,                1997 in Docket 2044,                page 346. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | An                easement for public utility and rights incident thereto as granted                in                instrument recorded March 10, 1999 in Docket 2214,                page 580, as located and shown an ALTA/ACSM Land Title Survey                performed by Kenneth A. Krenke, RPLS NO. 14671 of Northland                Exploration Surveys, Inc., dated April 29, 1999, Job                No. 98-016. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | Rights                of parties in possession, as tenants                only. |
|-----------------|---------------------------------------------------------------------------------|

| 12.   | Easement                and rights incident thereto, as set forth in instrument recorded                in                Docket 203, page 25, for telephone and telegraph                lines. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.   | Any                rights, interest or claims which may exist or arise by reason of                the                following facts shown on a survey plat entitled ALTA/ACSM Land Title                Survey of Lot 50, Woodlands Village Unit Three, Case 4,                Maps 131-131B, Job No. 98-016, dated April 29,                1999,                prepared by Kenneth A. Krenke, Northland Exploration Surveys,                Inc. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.   | EASEMENT                and rights incident thereto, as set forth in                instrument: |
|-----------------|-------------------------------------------------------------------------------------------------|

| Recorded                in Docket: | 2214      |
|------------------------------------|-----------|
| Page:                              | 580       |
| Purpose:                           | Utilities |

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**EXHIBIT B-6:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Reservations                contained in the Patent from the United States of America, reading                as                follows: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Water                rights, claims or title to water, whether or not the matters excepted                are                shown by the public records. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | An                easement for roadway and rights incident thereto as set forth in                insolent                recorded Docket 3555,                page 286. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | A                plat recorded in Book 13, page 70, of Road Maps, purporting                to                show a county roadway and thereafter a partial abandonment recorded                in                84-039960, of Official Records. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | An                easement for highway purposes and rights incident thereto as set                forth in                instrument recorded in 87-395490 of Official                Records. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | An                easement for highway purposes and rights incident thereto as set                forth in                instrument recorded in 87-585651 of Official                Records. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | All                matters as set forth in Revocation of Paradise Festival Declaration                and                Establishment of Protective Covenants, Conditions and Restrictions                and                Grant of Easements, dated January 22, 1997, recorded January 23,                1997 in 97-0044914, of Official                Records. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | All                matters set forth in Map of Dedication recorded in Book 457                of Maps,                page 30. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | An                easement for electric line and rights incident thereto as granted                in                instrument recorded September 29, 1998 in 98-864657 of Official                Records. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | The                rights of parties in possession by reason of any unrecorded lease                or                leases or month to month tenancies affecting any portion of the within                described property. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-7:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Terms,                conditions, declarations, uses, options, leases, agreements, easements,                covenants, restrictions, and assessments, as shown in Declaration                of                Condominium for Brandon Village dated June 30, 1995 and recorded                July 3, 1995 in Official Records Book 7808, page 1746,                Public Records of Hillsborough County,                Florida. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Easement                granted to Tampa Electric Company by Central Park Lodges, Inc., recorded                October 18, 1990, in Official Records Book 6109, page 141,                Public Records of Hillsborough County,                Florida. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Rights,                duties, obligations, covenants, conditions, terms and other matters                as set                out in Agreement dated April 11, 1990, between Paragon Communications                d/b/a Paragon Cable and Central Park Lodges, Inc., as referenced                in                Memorandum of Agreement between same parties recorded in Official                Records                Book 6051, page 496, Public Records of Hillsborough                County,                Florida. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Perpetual                Utility Easement granted to Hillsborough County, a Political Subdivision                of the State of Florida, by Central Park Lodges, Inc., recorded                March 26, 1991, in Official Records Book 6225, page 1557,                Public Records of Hillsborough County,                Florida. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Any                claim by the Condominium Association for assessments, resulting from                the                effect of Florida Statutes 718.116(5)(a) and the provisions                of                Chapter 718 of the Florida Statutes as                amended. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-8:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Rights                of Robert Cody Brown, Trustee, his successors, legal representatives                and assigns, forever, and all persons claiming by, through or under                the                same, by virtue of that certain reservation (grant or lease, etc.)                of the                oil, gas and/or minerals lying within the lands as described in that                certain Deed, recorded March 22, 1949, in Deed Book 193,                page 377, Public Records of Lee County,                Florida. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Easement                for roadway and public utility purposes disclosed in Warranty Deed                from                McIntyre, Inc., a Florida corporation, to Tindale, Inc., a Florida                corporation, dated December 29, 1978, recorded in Official                Records                Book 1338, page 442, Public Records of Lee County,                Florida. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Terms,                covenants, conditions, right, duties and obligations contained in                Road                Maintenance Agreement between Arbor Living Centers of Florida, Inc.,                McIntyre, Inc., and Flamborough Group, Inc., dated July 7,                1987,                recorded July 7, 1987, in Official Records Book 1927,                page 4693, Public Records of Lee County,                Florida. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Easement                granted to United Telephone Company of Florida, from Leslie T.                Ahrenholz, dated November 16, 1987, recorded November 25,                1987,                in Official Records Book 1955, page 1572, Public Records                of Lee                County, Florida. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT B-9:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Terms,                conditions, declarations, uses, options, leases, agreements, easements,                covenants, restrictions, and assessments, as shown in Declaration                of                Covenants, Conditions and Restrictions (Oakbridge Owners’ Association No.                One, Inc.), recorded July 2, 1986, in Official Records                Book 2435, page 960; together with Amendments recorded                January 28, 1987, in Official Records Book 2495, page 1256,                recorded October 26, 1989, in Official Records Book 2791,                page 992, Book 3670 page 1026, Book 4532                page 1964, and Book 4703 page 287, all in the                Public                Records of Polk County, Florida. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Terms,                conditions, declarations, uses, options, leases, agreements, easements,                covenants, restrictions, and assessments, as shown in Declaration                of                Condominium of Oakbridge at Lakeland, a condominium, recorded in                Official                Records Book 3549, page 835, Public Records of Polk                County,                Florida. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Any                claim by the Condominium Association for Assessments recorded after                date                of the deed to which this exhibit is attached, resulting from the                effect                of Florida                Statute 718.116(5)(a). |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Drainage                Easement (Parcel Five), as disclosed in the Deed from Drummond Company,                Inc., an Alabama Corporation, to Polk County, a Florida Political                Subdivision, dated March 23, 1987, Recorded May 8,                1987, in                Official Records Book 2526, page 1074, Public Records                of Polk                County, Florida. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Recreation,                Landscape and Utility Easement Grant granted to Oakbridge Owners’                Association No. One, Inc., a Florida not-for-profit corporation,                from                Drummond Company, Inc., an Alabama corporation, dated October 23,                1989, recorded October 26, 1989, in Official Records Book 2791,                page 997, Public Records of Polk County,                Florida. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Public                Utility Easement granted to City of Lakeland, Florida, from Central                Park                Lodge, Inc., a Delaware corporation, dated July 1, 1991, recorded                July 30, 1991, in Official Records Book 2997, page 1870,                Public Records of Polk County,                Florida. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Public                Utility Easement granted to City of Lakeland, Florida, from Central                Park                Lodge, Inc., a Delaware corporation, dated July 1, 1991, recorded                July 30, 1991, in Official Records Book 2997, page 1872,                Public Records of Polk County,                Florida. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | Public                Utility Easement granted to City of Lakeland, Florida, from Central                Park                Lodge, Inc., a Delaware corporation, dated July 1, 1991, recorded                July 30, 1991, in Official Records Book 2997, page 1874,                Public Records of Polk County,                Florida. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | Public                Utility Easement granted to City of Lakeland, Florida, from Central                Park                Lodge, Inc., a Delaware corporation, dated July 1, 1991, recorded                July 30, 1991, in Official Records Book 2997, page 1876,                Public Records of Polk County,                Florida. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | Terms                and provisions contained in the Indemnification Agreement, dated                November 11, 1991, between Central Park Lodge, Inc., and the                City of                Lakeland, Florida, recorded November 26, 1991, in Official                Records                Book 3038, page 391; and re-recorded December 18,                1991, in                Official Records Book 3045, page 2190, Public Records                of Polk                County, Florida. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.   | Public                Utility Easement granted to City of Lakeland, Florida, from Central                Park                Lodge, Inc., a Delaware corporation, dated January 29, 1992,                recorded                March 11, 1992, in Official Records Book 3075, page 196,                Public Records of Polk County,                Florida. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.   | Rights                of parties in possession, as tenants only, pursuant to unrecorded                occupancy agreements. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------|

| 14.   | Terms                and conditions of the Easement/Maintenance/Quitclaim Agreement between                Drummond Company, Inc., an Alabama corporation, Oakbridge Owners’                Association No. One, Inc., a Florida not-for-profit corporation and                The                Falls at Oakbridge Office Condominium Association, Inc., a Florida                not-for-profit corporation, dated as of March 4, 1998, recorded                March 31, 1998 in O.R. Book 4000, page 707,                Polk County                Records. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.   | Terms                and conditions of that certain Easement and Maintenance Agreement                recorded                in Official Records Book 4409,                page 908. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-10:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Water                and Sewer Extension Agreement recorded in Official Records Book 1953,                page 1204. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Permanent                Easement in favor of Sarasota County recorded in Official Records                Book 1992, page 1931. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Easement                in favor of Florida Power & Light Company recorded in Official Records                Book 2082, page 2807. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Easement                in favor of Atlantic Utilities of Sarasota, Inc. recorded in Official                Records Book 2482,                page 936. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Permanent                Easement (Lift Station) in favor of Atlantic Utilities of Sarasota,                Inc.                recorded in Official Records Book 2482,                page 945. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Grant                of Easement in favor of Storer Cable Communications of West Florida,                Inc.                recorded in Official Records Book 2770,                page 766. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Terms                and Conditions of Lease as shown in Memorandum of Lease by and between                Health Care REIT, Inc. (Lessor) and Emeritus Corporation (Lessee),                dated                September 30, 2003 and recorded in                Instrument #20032049975. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-11:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Levies                and assessments under the Fort Hall Irrigation Project for the year                2003                and subsequent years. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | 10 foot                wide Utility Easement affecting the West side of subject property                as                disclosed by the recorded plat of Ridgewind Subdivision, Instrument                No. 96012449. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | An                easement for the purposes shown below and right incidental thereto                as set                forth in document: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| Granted                to:     | Idaho                Power Company          |
|--------------------------------|---------------------------------------------|
| Purpose:                       | Public                Utilities             |
| Recorded:                      | November 3,                1995        |
| Instrument                No.: | 95016515                of Official Records |

| 5.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-12:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

| 3.   | An                easement for the purpose shown below and rights incidental thereto                as set                forth in a document: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| Granted                to:    | Washington                Water Power Company                                                          |
|-------------------------------|--------------------------------------------------------------------------------------------------------|
| Purpose:                      | Public                Utilities                                                                        |
| Recorded:                     | February 23,                1977                                                                  |
| Recording                No.: | Book 281                of Deeds, page 373, Records of Kootenai County,                Idaho |

| 4.   | An                easement for the purpose shown below and rights incidental thereto                as set                forth in a document: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| Granted                to:    | City                of Coeur D’Alene                                                            |
|-------------------------------|-------------------------------------------------------------------------------------------------------|
| Purpose:                      | Public                Roadway                                                                         |
| Recorded:                     | March 16,                1982                                                                    |
| Recording                No.: | Book 317                of Deeds, page 68, Records of Kootenai County,                Idaho |

| 5.   | An                easement for the purpose shown below and rights incidental thereto                as set                forth in a document: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| Granted                to:    | City                of Coeur D’Alene                                                            |
|-------------------------------|-------------------------------------------------------------------------------------------------------|
| Purpose:                      | Public                Roadway                                                                         |
| Recorded:                     | March 16,                1982                                                                    |
| Recording                No.: | Book 317                of Deeds, page 68, Records of Kootenai County,                Idaho |

----

**EXHIBIT B-13:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Easements                shown on Plat of East Village 2nd                Addition, Instrument                No. 91000937: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------|

| (a)   | 55-foot                wide drainage easement affecting the Northern portion of subject                property |
|-----------------|-----------------------------------------------------------------------------------------------------------------|

| (b)   | 15-foot                wide utility easement affecting the Northeast portion of subject                property. |
|-----------------|------------------------------------------------------------------------------------------------------------------|

| 3.   | Easement                for roadway granted to Lutheran Church, Missouri Synod recorded as                Instrument No. 646828. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | An                easement for the purpose shown below and rights incidental thereto                as set                forth in document: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| Granted                to:     | Intermountain                Gas Company  |
|--------------------------------|-------------------------------------------|
| Purpose:                       | Public                Utilities           |
| Recorded:                      | December 23,                1986     |
| Instrument                No.: | 786788                of Official Records |

| 5.   | An                easement for the purpose shown below and rights incidental thereto                as set                forth in document: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| Granted                to:    | Idaho                Power Company          |
|-------------------------------|---------------------------------------------|
| Purpose:                      | Public                Utilities             |
| Recorded:                     | November 14,                1991       |
| Recording                No.: | 90014597                of Official Records |

| 6.   | Provisions                in Deed recorded October 1, 1996 as Instrument No. 96016751                retaining as easement for Public Utilities and Ingress and Egress                said                easement being the same as disclosed on Record of Survey recorded                September 30, 1994, as Instrument                No. 94017802. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-14:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Special                Assessments. |
|----------------|-------------------------------------|

| 3.   | Water                rent and sewer service charges. |
|----------------|------------------------------------------------------|

| 4.   | Unrecorded                leases and tenants in possession. |
|----------------|-------------------------------------------------------------|

| 5.   | Right                of Way from Lewis M Miller and Grace E. Miller, his                wife, to                Columbia Gas of Maryland, Inc. recorded Liber 884 at folio 514.                This right of way is also labeled and shown on plat recorded on                August 10, 1994 as Plat Number 4408 and the line of                that                easement is shown, but not labeled on plat recorded on March 3,                1998                as Plat Number 5577. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Plat                entitled Final Plat of Subdivision Lot 1 Emeritus Assisted                Living                Facility recorded in the Land Records of Washington County, Maryland                on                March 3, 1998 as Plat No. 5577 shows or discloses the                following: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Minimum                building restriction lines established and                shown. |
|-----------------|-----------------------------------------------------------------------------------------|

| (b)   | Stormwater                management easement established and                shown. |
|-----------------|-------------------------------------------------------------------------------------|

| (c)   | Twenty                foot (20”) sanitary easement established and                shown. |
|-----------------|------------------------------------------------------------------------------------------------|

| (d)   | Eight                foot (8”) (along side or rear lines) and ten foot (10”) (along front line)                drainage and utility easements established, but not                shown. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | References                to proposed use as an assisted living facility, the zoning ordinance,                Board of Zoning Appeals case (Docket No. AP97-049) set forth                in                Notes. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | Possible                watershed effect set forth in                Notes. |
|-----------------|-----------------------------------------------------------------------------|

| (g)   | Matters                relating to address assignments, accessories and forest conservation                ordinance set forth in Notes. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Terms                and conditions affecting appurtenant easements established in Roadway                and                Access Easement Agreement by and between Triad Properties, a Maryland                General Partnership, and Meditrust Company LLC, a Delaware limited                liability company, dated April 27, 1998 and recorded April 30,                1998 in Liber 1406 at folio 600 among the Land Records                of                Washington County, Maryland. NOTE: There are indemnification provisions                in                paragraphs 4 and 5, which will survive the public dedication                of Rose                Bank Way. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Easements                burdening Parcel 1 and terms and conditions affecting appurtenant                easements established in Reciprocal Sewer Easement Agreement by and                between Triad Properties, a Maryland General Partnership, and Meditrust                Company LLC, a Delaware limited liability company, dated April 27,                1998 and recorded April 30, 1998 in Liber 1406 at folio 608 |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9.   | Terms                and conditions affecting appurtenant easements established in Water                Easement Agreement by and between Triad Properties, a Maryland General                Partnership, and Meditrust Company LLC, a Delaware limited liability                company, dated April 27, 1998 and recorded April 30,                1998 in                Liber 1406 at folio 617 among the Land Records of Washington                County, Maryland. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | Easements                established in Stormwater Easement Agreement by and between Triad                Properties, a Maryland General Partnership, and Meditrust Company                LLC, a                Delaware limited liability company, dated April 27, 1998 and                recorded                April 30, 1998 in Liber 1406 at folio 625 among                the Land                Records of Washington County,                Maryland. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | Inspection                and Maintenance Agreement of Private Stormwater Management Facilities                by                and between Meditrust Company LLC, a Delaware limited liability company,                and Washington, County, Maryland dated June 16, 1998 and recorded                July 14, 1998 in Liber 1425 at folio 414 among                the Land                Records of Washington County,                Maryland. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.   | Terms                and conditions concerning the development and construction of a                100 unit assisted living facility situate on the insured property                disclosed in Collateral Assignment of Developer Agreement by and                between                Emeritus Properties I, Inc. and Meditrust Acquisition                Corporation I recorded October 6, 1998 in Liber 1444                at                folio 262 and Assignment and Assumption of Developer Agreement                by and                between Emeritus Properties I, Inc. and Emeritus Corporation                recorded                October 6, 1998 in Liber 1444 at                folio 291. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.   | Right                of Way Agreement by and between Meditrust Company LLC, a Delaware                limited                liability company, and The Potomac Edison Company dated February 10,                1999 and recorded March 8, 1999 in Liber 1479 at folio 548                among the Land Records of Washington County,                Maryland. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.   | Plat                of subdivision recorded as Plat No. 4408 discloses the                following: |
|-----------------|-----------------------------------------------------------------------------------------------------------|

| (a)   | Owners                statement as set forth thereon; |
|-----------------|-------------------------------------------------------|

| (b)   | Note                as set forth thereon; |
|-----------------|-------------------------------------------|

| (c)   | Gas                markers. |
|-----------------|-----------------------------|

| 15.   | Conditions                accompanying the subordination of the lien secured by the Indemnity                Deed                of Trust recorded in Liber 1209 at folio 134 to the                benefit of                the easements established in agreements recorded in Liber 1406                at                folios 600, 608 and 617 set forth in Subordination, Non-Disturbance                and Recognition by and between Citizens National Bank of Southern                Pa. and                Meditrust Company LLC, a Delaware limited liability company, dated                April 28, 1998 and recorded April 30, 1998 in Liber 1406                at                folio 633 among the Land Records of Washington County,                Maryland. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-15:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

| 3.   | Utility                Easement from Silver Lake Evangelical Camp Meeting Association to                Lowell                Electric Light Corp., dated July 9, 1926 and recorded with                Middlesex                North District Registry of Deeds in Book 739, page 150                and                delineated in Plan Book 49,                page 14B. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Drainage                Easement to the Commonwealth of Massachusetts, dated August 5,                1936                and recorded with Middlesex North District Registry of Deeds in                Book 885, page 294. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Rights                and Easement granted by Marvin Blank, Managing Partner of                the High                Point General Partnership/TMA to New England Telephone and Telegraph                Company dated November 2, 1989 and recorded with the Middlesex                North                District Registry of Deeds in Book 5061,                Page 26. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Survey                plan entitled “ALTA/ASCM Title Survey (Class A) 2580 Main                Street”, Tewksbury, MA., owned by: Emeritus Corporation, dated                February 29, 1996, scale 1” = 40’, prepared by Cuoco &                Cormier Engineering Associates, Inc. Civil Engineers - Land Surveyors,                disclosed the following matters: |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Parking                spaces and various improvements located within the 50 foot                minimum                setback line along Main Street; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Parking                spaces and various improvements located within the 30 foot                sideyard                setback line along Westerly boundary                line; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Driveway,                pavement and stockage fence located within the 15 foot sideyard                setback line along the Easterly boundary line;                and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Curbing                and sign located within Main                Street. |
|-----------------|----------------------------------------------------------------------------|

| 7.   | Terms                and provisions of Order of Conditions from Tewksbury Conservation                Commission to Paul E. Allen and Doris M. Allen dated                September 19, 1988 and recorded with said Deeds in Book 4673,                page 319, as amended by an Order of the Tewksbury Conservation                Commission dated November 23, 1988 and recorded with said                Deeds on                December 22, 1988 in Book 4758, page 125, as                affected by                Certificate of Compliance recorded in Book 5283,                page 319. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Terms                and provisions of a Special Permit granted by the Tewksbury Board                of                Appeals to High Point Partnership recorded with said Deeds in                Book 4401, page 244, as extended by grant of said Board                of                Appeals dated October 24, 1988 and recorded with said Deeds                in                Book 4758, page 124. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | Terms                and Provisions of Special Permit granted by the Town of Tewksbury                Planning                Board to High Point General Partnership/TMA, recorded with said Deeds                in                Book 4758, page 158. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | Terms                and provisions of a Special Permit from the Town of Tewksbury Board                of                Selectmen to High Point General Partnership recorded with said Deeds                in                Book 4758, page 163. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | Terms                and provisions of a Special Permit granted by the Town of Tewksbury                Board                of Appeals dated August 11, 1994, recorded with said Deeds                in                Book 7349, page 215. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.   | Matters                shown on Preliminary ALTA/ACSM Survey prepared by Cuoco &                Cormier, dated February 25, 1999, Job #99-02-23:008,                of                2580 Main Street, Tewksbury,                MA: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Wetlands                Area visible on premises. |
|-----------------|---------------------------------------------------|

----

**EXHIBIT B-16:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Rights                of the public in and to that portion of premises lying in the bed                of                Southwestern Drive. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Terms,                covenants, conditions and restrictions contained in an instrument                recorded                in Liber 2379 of Deeds at page 154 on December 31,                1997. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Easement                Agreement between June Holmes Fagerstrom and Village of Lakewood                for                Water Main replacement dated December 31, 1997 and recorded                December 31, 1997 in Liber 2379 of Deeds,                page 159. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Memorandum                of Lease made by Meditrust Company LLC to Painted Post Properties,                Inc.,                dated September 15, 1998 and recorded September 23,                1998 in                Liber 2397 of Deeds at                page 62. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Exceptions                as disclosed by Survey made by Michael J. Rodgers,                R.P.L.S. 49232 of Michael J. Rodgers Land Surveyor,                PC, dated                July 27, 1999, last revised September 7, 1999, as                follows: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Water                line, utility pole, electric and telephone lines, storm sewer and                sanitary                sewer along easterly line within bed of                roadway. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-17:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Rights                of parties in possession, as tenants only, under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

| 3.   | Regulations,                including levies, assessments, water and irrigation rights and easement                for ditches and canals of the Owyhee Irrigation                District. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | An                easement, including the terms and provisions                thereof: |
|----------------|----------------------------------------------------------------------------------------|

| In                favor of:   | City                of Ontario, a municipal corporation |
|-------------------------------|---------------------------------------------------------|
| Purpose:                      | Perpetual                Utility Easement               |
| Affects:                      | The                west 30 feet of Parcel 1   |
| Dated:                        | February 2,                1976                    |
| Recorded:                     | February 10,                1977                   |
| Recording                No.: | 26086                of Deed Records                    |

| 5.   | An                easement, including the terms and provisions                thereof: |
|----------------|----------------------------------------------------------------------------------------|

| In                favor of:   | The                City of Ontario, a municipal corporation                                                                           |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
| Purpose:                      | Utility                easement for water and sewer lines across the west 30 feet                of                Parcel 2 |
| Dated:                        | January 16,                1976                                                                                                  |
| Recorded:                     | February 10,                1977                                                                                                 |
| Recording                No.: | 26084                of Deed Records                                                                                                  |

| 6.   | An                easement, including the terms and provisions                thereof: |
|----------------|----------------------------------------------------------------------------------------|

| In                favor of:   | Kevin T.                Hill and Kathie A. Hill, husband and wife                                                                                                                                                                       |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Purpose:                      | Building                setback to comply with the City of Ontario zoning ordinances, 16 feet                wide and 101.33 feet long, adjoining said property along the                south                line of Parcel No. 1 |
| Dated:                        | November 7,                1995                                                                                                                                                                                                              |
| Recorded:                     | January 9,                1996                                                                                                                                                                                                               |
| Recording                No.: | 96-204                of Deed Records                                                                                                                                                                                                             |

| 7.   | The                following matters shown on the survey prepared by Gaschler & Cummings,                Civil Engineering and Land Surveying, dated May 5, 1997, designated                as Job No. SO-3297, Drawing                No. S03297-C681: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Fence                encroaching onto Parcel 1 by 1.0                feet |
|-----------------|--------------------------------------------------------------------------------|

| (b)   | Fence                encroaching onto Parcel 1 by                0.5 feet |
|-----------------|-------------------------------------------------------------------------------------|

| (c)   | Building                encroaching into 30.0 foot sewer easement by 0.30 feet                and                overhang by 2.3 feet along the west                line. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-18:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | Easements                granted to City of Anderson, its successors and assigns, dated                October 13, 1986 for the purpose of operating, maintaining,                repairing; altering and replacing and/or removing sewer pipelines                recorded                in Record Book 20X, at page 394 on October 14,                1986 fifteen                feet wide as shown on the Farmers & Simpson Engineers plat dated                February 24, 1999. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Easement                granted to Duke Power Company dated November 23, 1983 for                the                overhead or underground lines for transmitting and distributing power                by                electricity over a portion of said land recorded in Record Book 20D,                at page 907 on January 13,                1984. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Easement                granted to Duke Power Company dated April 16, 1984 for the                overhead                or underground lines for transmitting and distributing power by                electricity, and for communicative purposes over a portion of said                land                recorded in Record Book 20T, at page 567 on April 22,                1984. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Easement.                Protective Covenants and Restrictions, and the terms and provisions                contained therein dated October 31, 1983 and recorded in Record                Book 20C, at page 744 on November 3, 1983. These                recorded                restrictive covenants reserve a 10 foot easement for the purpose                of                installing and maintaining municipal and public utility facilities,                and                for such other purposes incidental to the development of the property                across and through the property. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Rights                of the public and others in and to the use of the portion of premises                within the bounds of Simpson Road. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Rights                of parties in possession, as tenants only; under unrecorded occupancy                agreements. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-19:      PERMITTED EXCEPTIONS**

| 1.   | Shortages                in area. |
|----------------|-----------------------------------|

| 2.   | Homestead                or community property or survivorship rights, if any, of any spouse                of any                insured. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Any                titles or rights asserted by anyone, including but not limited to,                persons, the public, corporations, governments or other                entities: |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | to                tidelands, or lands comprising the shores or beds of navigable or                perennial rivers and streams, lakes, bays, gulfs or oceans;                or |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | to                lands beyond the line of the harbor or bulkhead lines as established                or                changed by any government; or |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | to                filled-in lands, or artificial islands;                or |
|----------------|-----------------------------------------------------------------------------|

| d.   | to                statutory water rights, including riparian rights,                or |
|----------------|----------------------------------------------------------------------------------------|

| e.   | to                the area extending from the line of mean low tide to the line of                vegetation, or the right of access to that area or easement along                and                across that area. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Standby                fees, taxes and assessments by any taxing authority for the year                2003 and                subsequent years, and subsequent taxes and assessments by any taxing                authority for prior years due to change in land usage or                ownership. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | The                following matters and all terms of the documents creating or offering                evidence of the matters: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------|

| a.   | Rights                or claims of parties in possession, as residents only, with no purchase                options and no rights of first                refusal. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Mineral                estate and interest described in instrument recorded in Volume 253,                Page 272, Deed Records, Lubbock County,                Texas. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Rights                incident to the ownership and lessees of 1/4th                non-participating royalty of the minerals reserved in Volume 253,                Page 282, Deed Records, Lubbock County,                Texas. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-20:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | A                30-foot wide easement granted to Virginia Electric and Power Company                by                Gail G. Brown by instrument dated June 30, 1997, recorded                in                Deed Book 394, page 236, located as shown on plat of                ALTA/ACSM                Land Title Survey prepared by Jerry L. Brunk, R.P.L.S. No. 1323                of Brunk & Hylton Engineering, Inc., dated July 7, 1999,                last revised August 6, 1999, Project No. 97007.4.                (Parcels 1 and 2) |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | A                15-foot wide easement granted to Virginia Electric and Power Company                by                Meditrust Company, LLC, by instrument dated January 22, 1999,                recorded in Deed Book 418, page 354, located as shown                on plat of                ALTA/ACSM Land Title Survey prepared by Jerry L. Brunk, R.P.L.S.                No. 1323 of Brunk & Hylton Engineering, Inc., dated                July 7, 1999, last revised August 6, 1999, Project                No. 97007.4. (Parcel 1) |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | A                20-foot wide easement for sanitary sewer lines granted to the City                of                Staunton, Virginia, by Gail G. Brown and David W. Brown by instrument                dated July 2, 1997, recorded in Deed Book 394, page 241,                located as shown on plat of ALTA/ACSM Land Title Survey prepared                by Jerry                L. Brunk, R.P.L.S. No. 1323 of Brunk & Hylton Engineering,                Inc., dated July 7, 1999, last revised August 6, 1999,                Project                No. 97007.4. (Parcel 2) |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | A                20-foot wide easement for sanitary sewer lines granted to the City                of                Staunton, Virginia, by Gail G. Brown and David W. Brown by instrument                dated July 11, 1994, recorded in Deed Book 353, page 414,                located as shown on plat of ALTA/ACSM Land Title Survey prepared                by                Jerry L. Brunk, R.P.L.S. No. 1323 of Brunk & Hylton                Engineering, Inc., dated July 7, 1999, last revised August 6,                1999, Project No. 97007.4.                (Parcel 2) |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | A                20-foot wide easement for water lines granted to the Augusta County                Service Authority by Gail G. Brown by instrument dated June 6,                1989, recorded in Deed Book 296, page 781, located                as shown on                plat of ALTA/ACSM Land Title Survey prepared by Jerry L. Brunk,                R.P.L.S. No. 1323 of Brunk & Hylton Engineering, Inc., dated                July 7, 1999, last revised August 6, 1999, Project                No. 97007.4. (Parcels 2 and                3) |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | A                30-foot wide easement for water lines granted to the City of Staunton                by                Gail G. Brown by instrument dated September 26, 1988,                recorded                in Deed Book 289, page 220, located as shown on plat                of                ALTA/ACSM Land Title Survey prepared by Jerry L. Brunk, R.P.L.S.                No. 1323 of Brunk & Hylton Engineering, Inc., dated                July 7, 1999, last revised August 6, 1999, Project                No. 97007.4. (Parcels 2 and                3) |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | A                10-foot wide easement for water lines granted to the City of Staunton,                Virginia, by Russell S. Harper and Eleanor G. Harper,                by                instrument dated March 22, 1955, recorded in Augusta County                Deed                Book 408, page 474, located as shown on plat of ALTA/ACSM                Land                Title Survey prepared by Jerry L. Brunk, R.P.L.S. No. 1323                of                Brunk & Hylton Engineering, Inc., dated July 7, 1999, last                revised August 6, 1999, Project No. 97007.4.                (Parcel 2) |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | A                30-foot wide easement for water lines granted to the City of Staunton,                Virginia, by Flora A. Harper and Samuel H. Harper,                by instrument                dated October 5, 1925, recorded in Augusta County Deed Book 223,                page 175, located as shown on plat of ALTA/ACSM Land Title                Survey                prepared by Jerry L. Brunk, R.P.L.S. No. 1323 of                Brunk & Hylton Engineering, Inc., dated July 7, 1999, last                revised August 6, 1999, Project No. 97007.4. (Parcels 2                and                3) |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | A                20-foot wide drainage easement granted to the City of Staunton, Virginia,                by Russell S. Harper and Eleanor F. Harper, by instrument                dated                August 11, 1983, recorded in Augusta County Deed Book 802,                page 427, crossing the land near its southeast corner as shown                on                plat of Hillsmere Subdivision, made by Brunk & Hylton                Engineering, Inc., dated February 20, 1998, recorded in Deed                Book 401, page 135, located as shown on plat of ALTA/ACSM                Land                Title Survey prepared by Jerry L. Brunk, R.P.L.S. No. 1323                of                Brunk & Hylton Engineering, Inc., dated July 7, 1999, last                revised August 6, 1999, Project No. 97007.4. (Parcels 1                and                2) |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.   | Terms                and provisions of Easement Agreement between Emeritus Corporation                and                Meditrust Company LLC, dated June 15, 1998, recorded in Deed                Book 404, page 356. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.   | The                following matters shown on plat of ALTA/ACSM Land Title Survey prepared                by                Jerry L. Brunk, R.P.L.S. No. 1323 of Brunk & Hylton                Engineering, Inc., dated July 7, 1999, last revised August 6,                1999, Project No. 97007.4: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | storm                sewer extending from easterly portion of the land into the right                of way of                Hillsmere Lane; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | underground                telephone lines extending from the easterly portion of the land into                the                right of way of Hillsmere Lane. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EXHIBIT B-21:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | General                property taxes and service charges, as follows, together with interest,                penalty and statutory foreclosure costs, if any, after delinquency                (1st half                delinquent on May 1; 2nd half                delinquent on November 1): |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Tax                Account No.:** | 370307 079462 0000 |
|-------------------------------------|------------------------------|
| Year                                | Billed                       | Paid | Balance |
| 2003                                | $27,230.99                   | $13,615.50 | $13,615.49 |

| 3.   | Terms                and conditions, provisions contained in the document entitled “Planned                Development Contract” recorded June 30, 1988 under Recording                No. 1606595. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | Puget                Sound Power and Light Company, a Washington corporation |
|-------------------------------|------------------------------------------------------------------------------|
| Purpose:                      | Electric                transmission and/or distribution system              |
| Area                Affected: | A                portion of said premises and other property                 |
| Recorded:                     | September 9,                1988                                        |
| Recording                No.: | 1613831                                                                      |

| 5.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | City                of Bellingham                            |
|-------------------------------|--------------------------------------------------------------|
| Purpose:                      | Water                line                                    |
| Area                Affected: | A                portion of said premises and other property |
| Recorded:                     | September 6,                1996                        |
| Recording                No.: | 960906061                                                    |

| 6.   | MDU                Service Agreement and the terms and conditions                thereof: |
|----------------|-------------------------------------------------------------------------------------------|

| Recording                No.: | 1980901943                                                                                           |
|-------------------------------|------------------------------------------------------------------------------------------------------|
| Regarding:                    | Between                TCI Cablevision of Washington, Inc. and Fairhaven                Estates |

| 7.   | All                covenants, conditions, restrictions, reservations, easements or other                servitudes, if any, disclosed by lot line adjustment recorded under                Recording No. 940208060. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | The                following matters shown on the survey prepared by Bock & Clark’s                National Surveyors Network, dated April 28, 2003, last revised                May 23, 2003, designated as Project                No. 20030006-008: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | There                exists an observable encroachment on the West property line which                consists                of a board fence. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Waterline                easement to City of Bellingham, Auditor’s File Number 960906061,                Easement “A” extends 0.54 feet onto neighbors property at the                Southeast corner of said easement. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Waterline                easement to City of Bellingham, Auditor’s File Number 960906061 also                extends 4.72 feet into the Southeast wing of onsite                building. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | Amended                and Restated Leasehold Mortgage/Deed of Trust, Security Agreement,                Assignment of Leases and Rents, Financing Statement and Fixture Filing                and                the terms and conditions thereof: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Grantor:                        | Emeritus                Corporation, a Washington corporation                                                    |
|---------------------------------|------------------------------------------------------------------------------------------------------------------|
| Trustee:                        | Transnation                Title Insurance Company and others for other property on Deed of                Trust |
| Beneficiary:                    | Health                Care REIT, Inc., a Delaware corporation                                                    |
| Original                Amount: | $25,800,000.00                                                                                                   |
| Dated:                          | September 30,                2003                                                                           |
| Recorded:                       | October 2,                2003                                                                              |
| Recording                No.:   | 2031000435                                                                                                       |

----

**EXHIBIT B-22:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | General                property taxes and service charges, as follows, together with interest,                penalty and statutory foreclosure costs, if any, after delinquency                (1st half                delinquent on May 1; 2nd half                delinquent on November 1): |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Tax                Account No.:** | 0821049088 |
|-------------------------------------|------------|
| Year                                | Billed     | Paid | Balance |
| 2003                                | $76,424.92 | $38,212.46 | $38,212.46 |

| 3.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | The                Pacific Telephone and Telegraph Company |
|-------------------------------|------------------------------------------------------------|
| Purpose:                      | Telephone                and telegraph system(s)           |
| Area                Affected: | A                portion of said premises                  |
| Recorded:                     | March 25,                1941                         |
| Recording                No.: | 3153813                                                    |

| 4.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | The                Pacific Telephone and Telegraph Company |
|-------------------------------|------------------------------------------------------------|
| Purpose:                      | Telephone                and telegraph system(s)           |
| Area                Affected: | A                portion of said premises                  |
| Recorded:                     | March 25,                1941                         |
| Recording                No.: | 3153814                                                    |

| 5.   | Right                to make necessary slopes for cuts or fills upon the land herein described                as granted to King County by deed recorded under Recording                Nos. 4612073 and 4612074. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | Pacific                Northwest Bell Telephone Company |
|-------------------------------|---------------------------------------------------------|
| Purpose:                      | Underground                communication lines          |
| Area                Affected: | A                portion of said premises               |
| Recorded:                     | August 24,                1978                     |
| Recording                No.: | 7808240902                                              |

| 7.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | Puget                Sound Power & Light Company            |
|-------------------------------|-----------------------------------------------------------------|
| Purpose:                      | Underground                electric system                      |
| Area                Affected: | The                east and south 10 feet of said premises |
| Recorded:                     | December 13,                1978                           |
| Recording                No.: | 7812130802                                                      |

| 8.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Recorded:                     | January 17,                1992                                                                         |
|-------------------------------|--------------------------------------------------------------------------------------------------------------|
| Recording                No.: | 9201070879                                                                                                   |
| Regarding:                    | Easement                and Right of Entry Agreement for cable television distribution                system |

| 9.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Recorded:                     | June 11,                1979                                             |
|-------------------------------|-------------------------------------------------------------------------------|
| Recording                No.: | 7906110870                                                                    |
| Regarding:                    | Domestic                water supply and costs related                thereto |

| 10.   | The                following matters shown on the survey prepared by DRYCO Surveying,                Incorporated, dated March 7, 2000, last revised March 30,                2000,                designated as Project                No. _______________: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | Paving                encroaches into Easterly and Southerly                adjoiners. |
|----------------|----------------------------------------------------------------------------------------|

| b.   | 18 inch                C.M.P. encroaching from Southerly property line onto adjacent                property. |
|----------------|--------------------------------------------------------------------------------------------------------------------|

| c.   | Existing                wooden crossarms on power poles along West line encroach                2 feet. |
|----------------|--------------------------------------------------------------------------------------------------------------|

| 11.   | Amended                and Restated Leasehold Mortgage/Deed of Trust, Security Agreement,                Assignment of Leases and Rents, Financing Statement and Fixture Filing                and                the terms and conditions thereof: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Grantor:                        | Emeritus                Corporation, a Washington corporation                                                                      |
|---------------------------------|------------------------------------------------------------------------------------------------------------------------------------|
| Trustee:                        | Transnation                Title Insurance Company, and others for other properties on Deed                of                Trust |
| Beneficiary:                    | Health                Care REIT, Inc., a Delaware corporation                                                                      |
| Original                Amount: | $25,800,000.00                                                                                                                     |
| Dated:                          | September 30,                2003                                                                                             |
| Recorded:                       | October 2,                2003                                                                                                |
| Recording                No.:   | 20031002001513                                                                                                                     |

----

**EXHIBIT B-23:      PERMITTED EXCEPTIONS**

| 1.   | Taxes                and assessments not yet due and                payable. |
|----------------|------------------------------------------------------------------------------|

| 2.   | General                property taxes and service charges, as follows, together with interest,                penalty and statutory foreclosure costs, if any, after delinquency                (1st half                delinquent on May 1; 2nd half                delinquent on November 1): |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Tax                Account No.:** | 31-1317-000 |
|-------------------------------------|-------------|
| Year                                | Billed      | Paid | Balance |
| 2003                                | $57,027.94  | $28,513.97 | $28,513.97 |

| 3.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | Public                Utility District No. 2                                                                          |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------|
| Purpose:                      | Electric                distribution lines together with necessary                appurtenances                            |
| Area                Affected: | A                portion of Lot 16, Block 1, Lakeview Terrace Unit 1,                addition to Moses Lake |
| Recorded:                     | April 2,                1953                                                                                          |
| Recording                No.: | 200051                                                                                                                     |

| 4.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | Public                Utility District No. 2                                                                                                                                                             |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Purpose:                      | Electric                distribution lines together with necessary                appurtenances                                                                                                               |
| Area                Affected: | Over                the above described parcel of land as being 20 feet in width,                10 feet on either side of the distribution line and/or appurtenances                as constructed |
| Recorded:                     | December 26,                1985                                                                                                                                                                         |
| Recording                No.: | 780267                                                                                                                                                                                                        |

| 5.   | Easement                and the terms and conditions                thereof: |
|----------------|------------------------------------------------------------------------------|

| Grantee:                      | Pacific                Northwest Bell Telephone Company                                                                          |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------|
| Purpose:                      | Electric                distribution lines, together with necessary                appurtenances                                 |
| Area                Affected: | A                5 foot by 5 foot easement in the extreme northeast                corner of                Lot 1 |
| Recorded:                     | March 25,                1986                                                                                               |
| Recording                No.: | 783646                                                                                                                           |

| 6.   | All                covenants, conditions, restrictions, reservations, easements or other                servitudes, if any, disclosed by short plat recorded under Recording                No. 805501. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | All                covenants, conditions, restrictions, reservations, easements or other                servitudes, if any, disclosed by the recorded plat of Lakeview Terrace                Unit 1, addition to Moses Lake Volume 3,                page 34. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | The                following matters shown on the survey prepared by Bock & Clark’s                National Surveyors Network, dated September 16, 2003, designated                as                Project No. 20030006-009: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.   | Deed                of Trust and the terms and conditions                thereof: |
|-----------------|-----------------------------------------------------------------------------------|

| Grantor:                        | Amended                and Restated Leasehold Mortgage/Deed of Trust, Security Agreement,                Assignment of Leases and Rents, Financing Statement and Fixture                Filing |
|---------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Trustee:                        | Transnation                Title Insurance Company and others for other property on Deed of                Trust                                                                               |
| Beneficiary:                    | Health                Care REIT, Inc., a Delaware corporation                                                                                                                                  |
| Original                Amount: | $25,800,000.00                                                                                                                                                                                 |
| Dated:                          | September 30,                2003                                                                                                                                                         |
| Recorded:                       | October 3,                2003                                                                                                                                                            |
| Recording                No.:   | 1135311                                                                                                                                                                                        |

----

**EXHIBIT C:      FACILITY INFORMATION**

| **Facility                Name*****Licensed                Operator***                                                                                 | **Street                Address****County**                                                                          | **Facility                Type (per license)****Beds/Units**                                                         |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|
| Loyalton                at Rancho Solano (“Fairfield                Facility”) *Fairfield                Retirement Center, LLC* | 3350 Cherry                Hills StreetFairfield,                CA 94533County:                Solano          | Residential                Care Facility for the Elderly250 licensed                beds172 units          |
| Creston                Village (“Paso                Robles Facility”) *Emeritus                Corporation*                     | 1919 Creston                RoadPaso                Robles, CA 93446County:                San Louis Obispo     | Residential                Care Facility for the Elderly/Dementia115 licensed                beds100 units |
| Canterbury                Ridge (“Urbana                Facility”) *Emeritus                Corporation*                         | 1706 East                Amber LaneUrbana,                IL 61802County:                Champaign              | Retirement89 units                                                                                              |
| Loyalton                of Hattiesburg (“Hattiesburg                Facility”) *Emeritus                Corporation*             | 103 Fox                Chase StreetHattiesburg,                MS 39402County:                Forrest           | Institution                for the Aged or Infirmed83 licensed                beds82 units                 |
| Loyalton                of Flagstaff (“Flagstaff                Facility”) *Emeritus                Corporation*                 | 2100 N.                Woodlands Village Blvd.Flagstaff,                AZ 86001County:                Coconino | Assisted                Living67 licensed                beds61 units                                      |
| Loyalton                of Phoenix (“Phoenix                Facility”) *Emeritus                Corporation*                     | 4050 Bluefield                Ave.Phoenix,                AZ 85032County:                Maricopa               | Assisted                Living101 licensed                beds101 units                                    |
| Park                Club of Brandon (“Brandon                Facility”) *Emeritus                Corporation*                    | 700 S.                Kings Ave.Brandon,                FL 33511County:                Hillsborough             | Assisted                Living100 licensed                beds89 units                                     |
| Park                Club of Fort Myers (“Fort                Myers Facility”) *Emeritus                Corporation*              | 1896 Park                Meadows Dr.Fort                Myers, FL 33907County:                Lee               | Assisted                Living116 beds74 units                                                             |
| Park                Club of Oakbridge (“Lakeland                Facility”) *Emeritus                Corporation*                 | 3110 Oakbridge                Blvd. EastLakeland,                FL 33803County:                Polk            | Assisted                Living110 licensed                beds87 units                                     |
| Colonial                Park Club (“Sarasota                Facility”) *Emeritus                Corporation*                     | 4730 Bee                Ridge Rd.Sarasota,                FL 34231County:                Sarasota               | Assisted                Living110 licensed                beds86 units                                     |

----

| Ridgewind (“Chubbuck                Facility”) *Emeritus                Corporation*                                                 | 4080 Hawthorne                Rd.Chubbuck,                ID 83202County:                Bannock       | Assisted                Living109 licensed                beds79 units                                     |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|
| Loyalton                of Coeur D’Alene (“Coeur                D’Alene Facility”) *Emeritus                Corporation* | 205 E.                AntonCoeur                D’Alene, ID 83815County:                Kootenai | Assisted                Living96 licensed                beds50 units                                      |
| Highland                Hills Pocatello                Facility”) *Emeritus                Corporation*                                    | 1501 BaldyPocatello,                ID 83201County:                Bannock                             | Assisted                Living57 licensed                beds47 units                                      |
| Loyalton                of Hagerstown “Hagerstown                Facility”) *Emeritus                Corporation*                    | 20009 Rosebank                WayHagerstown,                MD 21742County:                Washington  | Assisted                Living110 licensed                beds100 units                                    |
| Pines                of Tewksbury “Tewksbury                Facility”) *Emeritus                Corporation*                         | 2580 Main                St.Tewksbury,                MA 01876County:                Middlesex         | Assisted                Living69 licensed                beds49 units                                      |
| Loyalton                of Lakewood “Lakewood                Facility”) *Emeritus                Corporation*                        | 220 Southwestern                Dr.Lakewood,                NY 14750County:                Chautauqua  | Enriched                Housing Program100 licensed                beds78 units                            |
| Meadowbrook (“Ontario                Facility”) *Emeritus                Corporation*                                                | 1372 Southwest 8th Ave.Ontario,                OR 97914County:                Malheur        | Assisted                Living82 beds53 units                                                              |
| Anderson                Place (“Anderson                Facility”) *Emeritus                Corporation*                             | 311 Simpson                Rd.Anderson,                SC 29621County:                Anderson         | Assisted                Living and Nursing Home84 beds127 units75 independent                cottages |
| Elmbrook                Estates (“Lubbock                Facility”) *Texas-ESC-Lubbock,                L.P.*                         | 5301 66th St.Lubbock,                TX 79424County:                Lubbock                       | Assisted                Living100 licensed                beds97 units                                     |
| Loyalton                of Staunton (“Staunton                Facility”) *Emeritus                Corporation*                       | 1900 Hillsmere                LaneStaunton,                VA 24401County:                Augusta      | Assisted                Living144 licensed                beds101 units                                    |

----

| Fairhaven                Estates (“Bellingham                Facility”) *Emeritus                Corporation* | 2600 Old                Fairhaven Pkwy.Bellingham,                WA 98225County:                Whatcom   | Boarding                Home60 licensed                beds50 units |
|-------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|
| Evergreen                Lodge (“Federal                Way Facility”) *Emeritus                Corporation*  | 31002 14th Avenue                SouthFederal                Way, WA 98003County:                King | Boarding                Home105 beds98 units                        |
| Hearthstone                Inn (“Moses                Lake Facility”) *Emeritus                Corporation*   | 905 S.                Pioneer WayMoses                Lake, WA 98837County:                Grant           | Boarding                Home92 licensed                beds83 units |

----