Document:

EX-10.5

 Exhibit 10.5 
 PROMISSORY NOTE 
  

			
	 $6,375,000.00
	  	Effective February 9, 2012

  

	I.	 COVENANT TO PAY. 

 FOR VALUE RECEIVED, HC-760 OFFICE PARKWAY, LLC, a Delaware limited liability company (herein called “Maker”, whether one or more), promises to pay to the order of AMERICAN MOMENTUM BANK [herein,
together with all subsequent holders of this Promissory Note (“Note”), called “Payee”], on or before the Maturity Date (as hereinafter defined), the principal sum of SIX MILLION THREE HUNDRED SEVENTY-FIVE THOUSAND AND NO/100
($6,375,000.00) or so much thereof as may actually be outstanding hereunder, together with interest on the unpaid principal balance from time to time outstanding at the rate herein specified and otherwise in strict accordance with the terms and
provisions hereof. 
  

	II.	 INTEREST RATE COMPUTATION. 

 2.1 Interest Rate. Except as otherwise provided herein, interest on the principal balance of this Note outstanding from time to time shall accrue at the lesser of: (a) the Applicable Rate (as
defined herein); or (b) the Maximum Lawful Rate (as defined herein). 
 2.2 Default Rate. Upon the
occurrence of an Event of Default hereunder or under any of the Loan Documents (as defined herein), at the option of the Payee, the principal balance of this Note then outstanding shall bear interest for the period beginning with the date of
occurrence of such default at the Default Rate (as defined herein). 
 2.3 Definitions. As used in this
Note and the Loan Documents, the following terms shall have the respective meanings indicated below: 

“Applicable Rate” shall mean the fixed rate of interest equal to four and three-fourth of one percent
(4.75%) per annum. 
 “Charges” shall mean all fees and charges, if any, contracted for,
charged, received, taken or reserved by Payee in connection with the transactions relating to this Note and the indebtedness evidenced hereby or by the Loan Documents which are treated as interest under applicable law. 

“Default Rate” shall mean the sum of the Applicable Rate in effect from day to day plus five percent
(5%) per annum, not to exceed the Maximum Lawful Rate. 
 “LIBOR Swap Rate” shall mean five
(5) year LIBOR Swap Rate as published in the Wall Street Journal on any applicable date. In the event the LIBOR Swap Rate ceases to be published in the Wall Street Journal or such other quoting or commonly available reporting source generally
used by the Payee for pricing its commercial loans, the LIBOR Swap Rate shall be derived by reference to a substitute index selected by the Payee in the Payee’s sole discretion. 

“Maturity Date” shall mean FEBRUARY 10, 2017; subject, however, to the right of acceleration as
herein provided. 
 “Maximum Lawful Rate” shall mean the maximum nonusurious rate of interest
per annum permitted by whichever of applicable laws of the United States of America or Florida permit the higher interest rate, including to the extent permitted by applicable laws, any future amendments of such laws or any new laws coming into
effect in the future to the extent a higher rate of interest is permitted by any such amendment or new law; provided, however, that if applicable laws do not provide for a maximum nonusurious rate of interest (for example, a loan secured by a first
lien on residential real estate), then the Maximum Lawful Rate means eighteen percent (18%) per annum. The Maximum Lawful Rate will 

  
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be applied by taking into account all amounts characterized by applicable law as interest on the debt evidenced by this Note, so that the aggregate of all interest does not exceed the maximum
nonusurious amount permitted by applicable law. 
 2.4 Interest Limitation Recoupment. Notwithstanding
anything in this Note to the contrary, if at any time: (a) interest at the Applicable Rate; (b) interest at the Default Rate, if applicable; and (c) the Charges computed over the full term of this Note, exceed the Maximum Lawful Rate,
then the rate of interest payable hereunder, together with all Charges, shall be limited to the Maximum Lawful Rate; provided, however, that any subsequent reduction in the Applicable Rate shall not cause a reduction of the rate of interest payable
hereunder below the Maximum Lawful Rate until the total amount of interest earned hereunder, together with all Charges, equals the total amount of interest which would have accrued at the Applicable Rate if such interest rate had at all times been
in effect. 
 2.5 Computation Period. Interest on the indebtedness evidenced by this Note shall be
calculated on the basis of a 360 day year and shall accrue on the actual number of days any principal balance hereof is outstanding. 
  

	III.	 PAYMENTS. 

 3.1 Payment Schedule. 
 Installments of
principal and interest (in arrears) based upon the then Applicable Rate shall be paid monthly beginning March 10, 2012 and shall continue thereafter on the 10th day of each successive month until the Maturity Date. The amount of the principal
and interest installments payable hereunder shall be the amount which will fully amortize the then outstanding principal balance hereof, together with interest thereon as provided herein, over the period of time remaining until twenty-five
(25) years after the date of this Note. 
 The outstanding principal balance hereof, and any
and all accrued but unpaid interest hereon, shall be finally due and payable on the Maturity Date or upon earlier maturity hereof by acceleration. 
 3.2 Application. Except as hereinafter provided, all payments on this Note shall be applied in the following order of priority: (a) the payment or reimbursement of any expenses, costs or
obligations (other than the principal hereof and interest hereon) for which Maker shall be obligated or Payee entitled pursuant to the provisions hereof or of the other Loan Documents; (b) the payment of accrued but unpaid interest hereon; and
(c) the payment of all or any portion of the principal balance then outstanding hereunder, in the direct order of maturity. If Maker is in default hereunder or under any of the Loan Documents, then Payee may, at the sole option of Payee, apply
any such payments, at any time and from time to time, to any of the items specified in clauses (a), (b) or (c) in the preceding sentence without regard to the order of priority specified in the preceding sentence and any application to the
outstanding principal balance hereof may be made in either direct or inverse order of maturity. 
 3.3
Place. All payments hereunder shall be made to Payee at its offices located in Brazos County, Texas, at ONE MOMENTUM BOULEVARD, COLLEGE STATION, TEXAS 77845 or at the address as Payee may from time to time designate in writing to Maker.

 3.4 Business Days. If any payment of principal or interest on this Note shall become due and payable
on a Saturday, Sunday or any other day on which Payee is not open for normal business, such payment shall be made on the next succeeding business day of Payee. Any such extension of time for payment shall be included in computing interest which has
accrued and shall be payable in connection with such payment. 
 3.5 Legal Tender. All amounts payable
hereunder are payable in lawful money or legal tender of the United States of America. 

  
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 3.6 Prepayment. If the Loan principal is repaid (or required to be
repaid), in whole or in part, prior to the Maturity Date (regardless of the source of such repayment and whether voluntary, mandatory, by acceleration or otherwise), the Maker shall pay to Payee a fee equal to (A) the present value of the
amount of interest that would have been payable on the principal prepaid for the number of days remaining until the Maturity Date with such interest being calculated using the LIBOR SWAP rate in effect at the time of Loan origination and having a
term equal to the number of days from the Loan origination date to the Maturity Date, less (B) the amount of interest that would be payable on the principal prepaid at the LIBOR SWAP rate on the prepayment date having a term equal to number of
days from the prepayment date to the Maturity Date. The present value is calculated with a discount rate equal to the rate determined under (B). 
 3.7 Escrow Payment. Upon the occurrence of an Event of Default, in addition to the payment of principal and interest as otherwise specified herein, Maker shall be required to make a payment to
establish an escrow account for the payment of ad valorem taxes as specified in the Loan Documents (as herein defined). 
 3.8 Late Charge. In addition to the payments otherwise specified herein, subject to the provisions of Section 5.4 hereof, if Maker fails, refuses or neglects to pay, in full, any
installment or portion of the indebtedness evidenced hereby, as and when same shall be due and payable and for a period of ten (10) days thereafter, then after such ten (10) day grace period Maker shall be obligated to pay to Payee a late
charge equal to five percent (5%) of the amount of such delinquent payment to compensate Payee for Maker’s default and the additional costs and administrative efforts required by reason of such default. 

 

	IV.	 DEFAULT AND REMEDIES. 

 4.1 Default. An “Event of Default” shall occur hereunder if (i) Maker shall fail to pay, in full, any installment of the indebtedness evidenced hereby and such failure shall not be
remedied within ten (10) days from the date the installment is due and payable, provided the grace period shall not be applicable to sums due and payable at the Maturity Date and Payee agrees to give Maker fifteen (15) days written notice
to cure all other monetary defaults prior to acceleration hereof; (ii) Maker shall refuse or neglect to cure non-monetary obligations within thirty (30) days after written notice from Payee to Borrower and any Guarantor hereof, however,
subject to such further cure period requirements as are required by Payee as set forth in the Deed of Trust or Loan Agreement; or (iii) an Event of Default (as defined and used in any of the other Loan Documents) shall occur under any of the
other Loan Documents. 
 4.2 Remedies. Upon the occurrence of an Event of Default under this Note or any
of the Loan Documents (as herein defined), then Payee may, at its option, without further notice or demand, declare the unpaid principal balance of, and the accrued but unpaid interest on, this Note immediately due and payable, foreclose all liens
and security interests securing payment hereof, pursue any and all other rights, remedies and recourses available to Payee or pursue any combination of the foregoing. All remedies hereunder, under the Loan Documents and at law or in equity shall be
cumulative. 
 4.3 Waiver. Except as specifically provided in the Loan Documents and herein, Maker and
any endorsers or guarantors hereof severally waive presentment and demand for payment, notice of intent to accelerate maturity, notice of acceleration of maturity, protest and notice of protest and non-payment, bringing of suit and diligence in
taking any action to collect any sums owing hereunder or in proceeding against any of the rights and collateral securing payment hereof. Maker and any endorsers or guarantors hereof agree: (a) that the time for any payments hereunder may be
extended from time to time without notice and consent, (b) to the acceptance of further collateral; and/or (c) the release of any existing collateral for the payment of this Note, all without in any manner affecting their liability under
or with respect to this Note. No extension of time for the payment of this Note or any installment hereof shall affect the liability of Maker under this Note or any endorser or guarantor hereof even though the Maker or such endorser or guarantor is
not a party to such agreement. 

  
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 4.4 No Waiver. Failure of Payee to exercise any of the options
granted herein to Payee upon the happening of one or more of the events giving rise to such options shall not constitute a waiver of the right to exercise the same or any other option at any subsequent time in respect to the same or any other event.
The acceptance by Payee of any payment hereunder that is less than payment in full of all amounts due and payable at the time of such payment shall not constitute a waiver of the right to exercise any of the options granted herein to Payee at that
time or at any subsequent time or nullify any prior exercise of any such option without the express written acknowledgment of the Payee. 
 4.5 Collection Costs. Maker agrees to pay all reasonable costs of collection hereof when incurred, including attorneys’ fees, whether or not any legal action shall be instituted to enforce
this Note. 
  

	V.	 MISCELLANEOUS. 

 5.1 Loan Documents. This Note is issued pursuant to a Loan Agreement of even date herewith executed by Maker, as borrower, and Payee, as lender, (the “Loan Agreement”) and is secured,
inter alia, by a Deed of Trust (“Deed of Trust”) of even date herewith executed by Maker in favor of Michael C. Seamands, Trustee, for the benefit of Payee, covering certain real property situated in St. Louis County, Missouri, as
more particularly described therein (this Note, the aforesaid Loan Agreement and Deed of Trust, and all the other documents evidencing, securing or pertaining to the transaction in which the indebtedness evidenced hereby was incurred are,
collectively, referred to as the “Loan Documents”). 
 5.2 Notices. All notices or other
communications required or permitted to be given pursuant hereto shall be in writing and shall be deemed properly given if: (a) mailed by first class United States mail, postage prepaid, registered or certified with return receipt requested;
(b) by delivering same in person to the intended addressee; or (c) by delivery to an independent third party commercial delivery service for same day or next day delivery and providing for evidence of receipt at the office of the intended
addressee. Notice so mailed shall be effective two (2) days after its deposit with the United States Postal Service or any successor thereto; notice sent by such a commercial delivery service shall be effective upon delivery to such commercial
delivery service; notice given by personal delivery shall be effective only if and when received by the addressee; and notice given by other means shall be effective only if and when received at the designated address of the intended addressee.
Either party shall have the right to change its address for notice hereunder to any other location within the continental United States by the giving of thirty (30) days’ notice to the other party in the manner set forth herein. For
purposes of such notices, the addresses of the parties shall be as follows: 
  

			
	 Maker: HC-760 OFFICE PARKWAY, LLC

		 	 c/o Carter Validus Operating Partnership, LP

		 	 4211 West Boy Scout Boulevard, Suite 500

		 	 Tampa, Florida 33607

		 	 Attention: John Carter

		
	 Copy to:
	 	 Stephen Kussner

		 	 GrayRobinson, P.A.

		 	 201 North Franklin Street, Suite 2200

		 	 P.O. Box 3324 (33601-3324)

		 	 Tampa, Florida 33602

		 	 Main: 813-273-5000 | Fax: 813-273-5145
 Direct: 813-273-5296

		
	 Payee:
	 	 AMERICAN MOMENTUM BANK
 One Momentum Boulevard
 College Station, Texas 77845

Fax No.: (979) 599-9375
 Attention: Teresa Eoff

 5.3 Governing Law. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA 

  
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AND THE APPLICABLE LAWS OF THE UNITED STATES OF AMERICA WITHOUT REGARD TO ANY CONFLICT OF LAW PRINCIPLES. THIS NOTE IS PERFORMABLE IN HILLSBOROUGH COUNTY, FLORIDA. Any action or proceeding
under or in connection with this Note against Maker or any other party ever liable for payment of any sums of money payable on this Note may be brought in any state or federal court in Hillsborough County, Florida. Maker and each such other party
hereby irrevocably: (a) submits to the nonexclusive jurisdiction of such courts; and (b) waives any objection it may now or hereafter have as to the venue of any such action or proceeding brought in such court or that such court is an
inconvenient forum. 
 5.4 Interest Provisions. 

(a) Savings Clause. It is expressly stipulated and agreed to be the intent of Borrower and Lender at all times to
comply strictly with the applicable Florida law governing the maximum rate or amount of interest payable on the indebtedness evidenced by this Note and the Related Indebtedness (or applicable United States federal law to the extent that it permits
Lender to contract for, charge, take, reserve or receive a greater amount of interest than under Florida law). If the applicable law is ever judicially interpreted so as to render usurious any amount (i) contracted for, charged, taken, reserved
or received pursuant to this Note, any of the other Loan Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents,
(ii) contracted for, charged, taken, reserved or received by reason of Lender’s exercise of the option to accelerate the maturity of this Note and/or the Related Indebtedness, or (iii) Borrower will have paid or Lender will have
received by reason of any voluntary prepayment by Borrower of this Note and/or the Related Indebtedness, then it is Borrower’s and Lender’s express intent that all amounts charged in excess of the Maximum Lawful Rate shall be automatically
canceled, ab initio, and all amounts in excess of the Maximum Lawful Rate theretofore collected by Lender shall be credited on the principal balance of this Note and/or the Related Indebtedness (or, if this Note and all Related Indebtedness
have been or would thereby be paid in full, refunded to Borrower), and the provisions of this Note and the other Loan Documents shall immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without the
necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for hereunder and thereunder; provided, however, if this Note has been paid in full
before the end of the stated term of this Note, then Borrower and Lender agree that Lender shall, with reasonable promptness after Lender discovers or is advised by Borrower that interest was received in an amount in excess of the Maximum Lawful
Rate, either refund such excess interest to Borrower and/or credit such excess interest against this Note and/or any Related Indebtedness then owing by Borrower to Lender. Borrower hereby agrees that as a condition precedent to any claim seeking
usury penalties against Lender, Borrower will provide written notice to Lender, advising Lender in reasonable detail of the nature and amount of the violation, and Lender shall have sixty (60) days after receipt of such notice in which to
correct such usury violation, if any, by either refunding such excess interest to Borrower or crediting such excess interest against this Note and/or the Related Indebtedness then owing by Borrower to Lender. All sums contracted for, charged, taken,
reserved or received by Lender for the use, forbearance or detention of any debt evidenced by this Note and/or the Related Indebtedness shall, to the extent permitted by applicable law, be amortized or spread, using the actuarial method, throughout
the stated term of this Note and/or the Related Indebtedness (including any and all renewal and extension periods) until payment in full so that the rate or amount of interest on account of this Note and/or the Related Indebtedness does not exceed
the Maximum Lawful Rate from time to time in effect and applicable to this Note and/or the Related Indebtedness for so long as debt is outstanding. In no event shall the provisions of Chapter 346 of the Texas Finance Code (which regulates certain
revolving credit loan accounts and revolving triparty accounts) apply to this Note and/or any of the Related Indebtedness. Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents, it is not the intention of
Lender to accelerate the maturity of any interest that has not accrued at the time of such acceleration or to collect unearned interest at the time of such acceleration. 

(b) Ceiling Election. To the extent that Lender is relying on Chapter 303 of the Texas Finance Code to determine
the Maximum Lawful Rate payable on the Note and/or any other portion of the Indebtedness, Lender will utilize the weekly ceiling from time to time in effect as provided in such Chapter 303, as amended. To the extent United States federal law permits

  
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Lender to contract for, charge, take, receive or reserve a greater amount of interest than under Florida law, Lender will rely on United States federal law instead of such Chapter 303 for the
purpose of determining the Maximum Lawful Rate. Additionally, to the extent permitted by applicable law now or hereafter in effect, Lender may, at its option and from time to time, utilize any other method of establishing the Maximum Lawful Rate
under such Chapter 303 or under other applicable law by giving notice, if required, to Borrower as provided by applicable law now or hereafter in effect. 
 5.5 Captions. The article and section headings used in this Note are for convenience of reference only and shall not affect, alter or define the meaning or interpretation of the text of any article
or section contained in this Note. 
 5.6 Joint and Several Liability. If this Note is executed by more
than one party, each such party shall be jointly and severally liable for the obligations of Maker under this Note. If Maker is a partnership, each general partner of Maker shall be jointly and severally liable hereunder, and each such general
partner hereby waives any requirement of law that in the event of a default hereunder, Payee exhaust any assets of Maker before proceedings against such general partner’s assets. 

5.7 NO ORAL AGREEMENTS. THIS NOTE AND ALL THE OTHER LOAN DOCUMENTS EMBODY THE FINAL, ENTIRE AGREEMENT OF MAKER
AND PAYEE AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF MAKER AND PAYEE. THERE ARE NO ORAL AGREEMENTS BETWEEN MAKER AND PAYEE. The provisions of this Note and the Loan Documents may be amended or revised only by a written instrument
signed by the Maker and Payee. 
 5.8 WAIVER OF RIGHT TO TRIAL BY JURY. THE PARTIES TO THIS
AGREEMENT HEREBY, UNCONDITIONALLY AND VOLUNTARILY, WITH AND UPON THE ADVICE OF COUNSEL, WAIVE, RELINQUISH AND FOREVER FORGO THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, OR ARISING OUT OF, OR IN ANY WAY RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENTS RELATED TO THIS TRANSACTION. 

  
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 EFFECTIVE as of the date and year first above written. 

 

							
	 MAKER:

	
	 HC-760 OFFICE PARKWAY, LLC,
 a Delaware limited liability company

		
	 By:
	 	 CARTER VALIDUS OPERATING PARTNERSHIP, LP, a Delaware limited partnership, its managing member

			
		 	 By:
	 	 CARTER VALIDUS MISSION CRITICAL REIT, INC., a Maryland corporation, its general partner

				
		 		 	 By:
	 	 /s/ John E. Carter

		 		 	 Name:
	 	 John E. Carter

		 		 	 Title:
	 	 Chief Executive Officer

  
 InitialsEX-10.6

 Exhibit 10.6 
 Guaranty 
 [The Guaranty of CARTER VALIDUS OPERATING PARTNERSHIP, LP
follows this cover page.] 

 GUARANTY 

This GUARANTY (“Guaranty”) is effective as of FEBRUARY 9, 2012 by CARTER VALIDUS OPERATING PARTNERSHIP, LP, a
Delaware limited partnership (“Guarantor”), for the benefit of AMERICAN MOMENTUM BANK (“Lender”). 
 W I T
N E S S E T H: 
 WHEREAS, Lender has entered into a Loan Agreement (“Loan Agreement”) effective
as of the effective date above, with HC-760 OFFICE PARKWAY, LLC (“Borrower”), pursuant to which Borrower has executed that certain Promissory Note for SIX MILLION THREE HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($6,375,000.00) (the
“Loan”) (together with all renewals, modifications, increases and extensions thereof, referred to as the “Note”) under which Borrower has become indebted, and may from time to time be further indebted, to Lender with respect to
the Loan which is secured by the liens and security interests of a deed of trust and a security agreement, each of even date herewith, and further evidenced, secured or governed by other instruments and documents executed in connection with the Loan
(collectively the “Loan Documents”); and 
 WHEREAS, Lender is not willing to make the Loan, or
otherwise extend credit, to Borrower unless Guarantor guarantees payment to Lender of the Guaranteed Debt (as herein defined) pursuant to the following terms; and 

WHEREAS, Guarantor will directly benefit from Lender’s making the Loan to Borrower. 

NOW, THEREFORE, as an inducement to Lender to enter into the Loan Agreement and to make loans to Borrower thereunder, and
to extend such additional credit as Lender may from time to time agree to extend thereunder, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the parties do hereby agree as follows:

 ARTICLE 1 
 NATURE AND SCOPE OF GUARANTY 
 1.1 Guaranty of
Obligation. Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the “Guaranteed Debt” (as herein defined) as and when the same shall be due and payable,
whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that Guarantor is liable for the Guaranteed Debt as a primary obligor. However, notwithstanding any provision
hereof to the contrary, the liability of Guarantor under this Guaranty shall never exceed the limitations, if any, set forth in Section 1.13 hereof. 

1.2 Definition of Guaranteed Debt. As used herein, the term “Guaranteed Debt” means all of the
following: 
 (a) all principal, interest, attorneys’ fees, commitment fees, liabilities for
costs and expenses and other indebtedness, obligations and liabilities of Borrower to Lender at any time created or arising in connection with the Loan, or any amendment thereto or substitution therefor, including but not limited to all
indebtedness, obligations and liabilities of Borrower to Lender arising under the Note, or under any renewals, modifications, increases and extensions of the Note, or under the Loan Documents; 

(b) all liabilities of Borrower for future advances, extensions of credit, sales on account or other value
at any time given or made by Lender to Borrower arising under the Loan Documents, whether or not the advances, credit or value are given pursuant to commitment; 

  
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 (c) any and all other indebtedness, liabilities, obligations
and duties of every kind and character of Borrower to Lender arising under the Loan Documents, whether now or hereafter existing or arising, regardless of whether such present or future indebtedness, liabilities, obligations or duties be direct or
indirect, related or unrelated, liquidated or unliquidated, primary or secondary, joint, several, or joint and several, or fixed or contingent; 
 (d) any and all post-petition interest and expenses (including attorney’s fees) whether or not allowed under any bankruptcy, insolvency, or other similar law; and 

(e) all costs, expenses and fees, including but not limited to court costs and attorneys’ fees,
arising in connection with the collection of any or all amounts, indebtedness, obligations and liabilities of Borrower to Lender described in items (a) through (d) of this Section. 

1.3 Nature of Guaranty. This Guaranty is an irrevocable, absolute, continuing guaranty of payment and performance
and not a guaranty of collection. This Guaranty may not be revoked by Guarantor and shall continue to be effective with respect to any Guaranteed Debt arising or created after any attempted revocation by Guarantor and after Guarantor’s death
(in which event this Guaranty shall be binding upon such Guarantor’s estate and Guarantor’s legal representative and heirs). This Guaranty may be enforced by Lender and any subsequent holder of the Guaranteed Debt and shall not be
discharged by the assignment or negotiation of all or part of the Guaranteed Debt. 
 1.4 Guaranteed Debt Not
Reduced by Offset. The Guaranteed Debt and the liabilities and obligations of Guarantor to Lender hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any
other party, against Lender or against payment of the Guaranteed Debt, whether such offset, claim or defense arises in connection with the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. Without limiting the
foregoing or Guarantor’s liability hereunder, to the extent that Lender advances funds pursuant to the Note and does not receive payments or benefits thereon in the amounts and at the times required or provided in the Note, Guarantor is
absolutely liable to make such payments to (and confer such benefits on) Lender, on a timely basis. 
 1.5
Payment by Guarantor. If all or any part of the Guaranteed Debt shall not be punctually paid when due, whether at maturity or earlier by acceleration or otherwise, Guarantor shall, immediately upon demand by Lender, and without presentment,
protest, notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of the maturity, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the
Guaranteed Debt to Lender at Lender’s address as set forth herein. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Debt, and may be made from time to time with respect to the
same or different items of Guaranteed Debt. Such demand shall be deemed made, given and received in accordance with the notice provisions hereof. 
 1.6 No Duty to Pursue Others. It shall not be necessary for Lender (and Guarantor hereby waives any rights which such Guarantor may have to require Lender), in order to enforce such payment by
Guarantor, first to (i) institute suit or exhaust its remedies against Borrower or others liable on the Guaranteed Debt or any other person, (ii) enforce Lender’s rights against any collateral which shall ever have been given to
secure the Guaranteed Debt, (iii) join Borrower or any others liable on the Guaranteed Debt in any action seeking to enforce this Guaranty, (iv) exhaust any remedies available to Lender against any collateral which shall ever have been
given to secure the Guaranteed Debt, or (v) resort to any other means of obtaining payment of the Guaranteed Debt. Lender shall not be required to mitigate damages or take any other action to reduce, collect or enforce the Guaranteed Debt.

 1.7 Waivers. Guarantor agrees to the provisions to the Loan Documents, and hereby waives notice of
(i) any loans or advances made by Lender to Borrower, (ii) acceptance of this Guaranty, (iii) any amendment or extension of the Note or of any other Loan Documents, (iv) the execution and delivery by Borrower and Lender of any
other loan or credit agreement or of 

  
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Borrower’s execution and delivery of any promissory notes or other documents arising under the Loan documents or in connection with the Mortgaged Property (as defined in the Loan Documents),
(v) the occurrence of any breach by Borrower or Event of Default (as defined in the Loan Documents), (vi) Lender’s transfer or disposition of the Guaranteed Debt, or any part thereof, (vii) sale or foreclosure (or posting or
advertising for sale or foreclosure) of any collateral for the Guaranteed Debt, (viii) protest, proof of non-payment or default by Borrower, or (ix) any other action at any time taken or omitted by Lender, and, generally, all demands and
notices of every kind in connection with this Guaranty, the Loan Documents, any documents or agreements evidencing, securing or relating to any of the Guaranteed Debt and the obligations hereby guaranteed. The parties intend that Guarantor shall not
be considered a “debtor” as defined in Tex. Bus. & Com. Code Ann. § 9.102 (and any successor statute thereto). 

1.8 Payment of Expenses. In the event that Guarantor should breach or fail to timely perform any provisions of
this Guaranty, Guarantor shall, immediately upon demand by Lender, pay Lender all costs and expenses (including court costs and attorneys’ fees) incurred by Lender in the enforcement hereof or the preservation of Lender’s rights hereunder.
The covenant contained in this Section shall survive the payment of the Guaranteed Debt. 
 1.9 Effect of
Bankruptcy. In the event that, pursuant to any insolvency, bankruptcy, reorganization, receivership or other debtor relief law, or any judgment, order or decision thereunder, Lender must rescind or restore any payment, or any part thereof,
received by Lender in satisfaction of the Guaranteed Debt, as set forth herein, any prior release or discharge from the terms of this Guaranty given to Guarantor by Lender shall be without effect, and this Guaranty shall remain in full force and
effect. It is the intention of Borrower and Guarantor that Guarantor’s obligations hereunder shall not be discharged except by Guarantor’s performance of such obligations and then only to the extent of such performance. 

1.10 Subrogation. Upon payment to Lender in full of the Guaranteed Debt by Guarantor, Lender shall not contest the
subrogation of Guarantor to the rights of Lender under the Loan Documents, provided, however, that Guarantor’s rights under such subrogation shall be and remain subordinate and inferior to the rights of Lender under the Loan Documents until and
unless all amounts due Lender by Borrower under the Loan Documents shall be paid in full. 
 1.11 Waiver of
Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, until such time as the Guaranteed Debt has been paid in full, but not thereafter, Guarantor hereby unconditionally and irrevocably
waives, releases and abrogates any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating the Guarantor to the rights of Lender) to assert any claim against or seek
contribution, indemnification or any other form of reimbursement from Borrower or any other party liable for payment of any or all of the Guaranteed Debt for any payment made by Guarantor under or in connection with this Guaranty or otherwise.

 1.12 “Borrower”. The term “Borrower” as used herein shall include any new or
successor corporation, association, partnership (general or limited), joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Borrower or any interest in
Borrower. 
 1.13 Limitation on Liability of CARTER VALIDUS OPERATING PARTNERSHIP, LP. Notwithstanding
any provision contained herein to the contrary, the liability of CARTER VALIDUS OPERATING PARTNERSHIP, LP for the Guaranteed Debt shall be limited to twenty percent (20.00%) of the outstanding principal balance of the Loan. Notwithstanding this
limitation, any liability of CARTER VALIDUS OPERATING PARTNERSHIP, LP hereunder for obligations arising from the indemnification given in the Environmental Certificate shall continue in full force and effect against CARTER VALIDUS OPERATING
PARTNERSHIP, LP until the Indebtedness (as defined in the Deed of Trust) is paid in full. 
 1.14
Cancellation. Lender shall return this Guaranty marked canceled and paid to CARTER VALIDUS OPERATING PARTNERSHIP, LP at the address of Guarantor upon full and complete payment of the Guaranteed Debt within a reasonable time thereafter.

  
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 ARTICLE 2 
 EVENTS AND CIRCUMSTANCES NOT REDUCING 
 OR DISCHARGING GUARANTOR’S
OBLIGATIONS 
 Guarantor hereby consents and agrees to each of the following, and agrees that
Guarantor’s obligations under this Guaranty shall not be released, diminished, impaired, reduced or adversely affected by any of the following, and waives any common law, equitable, statutory or other rights (including without limitation rights
to notice) which Guarantor might otherwise have as a result of or in connection with any of the following: 

2.1 Modifications. Any renewal, extension, increase, modification, alteration or rearrangement of all or any part
of the Guaranteed Debt, Note, Loan Documents, or other document, instrument, contract or understanding between Borrower and Lender, or any other parties, pertaining to the Guaranteed Debt or any failure of Lender to notify Guarantor of any such
action. 
 2.2 Adjustment. Any adjustment, indulgence, forbearance or compromise that might be granted or
given by Lender to Borrower or Guarantor. 
 2.3 Condition of Borrower or Guarantor. The insolvency,
bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution or lack of power of Borrower, Guarantor or any other party at any time liable for the payment of all or part of the Guaranteed Debt; or any dissolution of
Borrower or Guarantor, or any changes in the shareholders, partners or members of Borrower or Guarantor; or any reorganization of Borrower or Guarantor. 
 2.4 Invalidity of Guaranteed Debt. The invalidity, illegality or unenforceability of all or any part of the Guaranteed Debt, or any document or agreement executed in connection with the Guaranteed
Debt, for any reason whatsoever, including without limitation the fact that (i) the Guaranteed Debt, or any part thereof, exceeds the amount permitted by law, (ii) the act of creating the Guaranteed Debt or any part thereof is ultra
vires, (iii) the officers or representatives executing the Note or the other Loan Documents or otherwise creating the Guaranteed Debt acted in excess of their authority, (iv) the Guaranteed Debt violates applicable usury laws,
(v) the Borrower has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Guaranteed Debt wholly or partially uncollectible from Borrower, (vi) the creation, performance or repayment of the
Guaranteed Debt (or the execution, delivery and performance of any document or instrument representing part of the Guaranteed Debt or executed in connection with the Guaranteed Debt, or given to secure the repayment of the Guaranteed Debt) is
illegal, uncollectible or unenforceable, or (vii) the Note or any of the other Loan Documents have been forged or otherwise are irregular or not genuine or authentic, it being agreed that Guarantor shall remain liable hereon regardless of
whether Borrower or any other person be found not liable on the Guaranteed Debt or any part thereof for any reason. 
 2.5 Release of Obligors. Any full or partial release of the liability of Borrower on the Guaranteed Debt, or any part thereof, or any other person or entity now or hereafter liable, whether
directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Debt, or any part thereof, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be
required to pay the Guaranteed Debt in full without assistance or support of any other party, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other parties will
be liable to pay or perform the Guaranteed Debt, or that Lender will look to other parties to pay or perform the Guaranteed Debt. 
 2.6 Other Collateral. The taking or accepting of any other security, collateral or guaranty, or other assurance of payment, for all or any part of the Guaranteed Debt. 

2.7 Release of Collateral. Any release, surrender, exchange, subordination, deterioration, waste, loss or
impairment (including without limitation negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security, at any time existing in connection with, or assuring or securing payment of, all or any part of the
Guaranteed Debt. 

  
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 2.8 Care and Diligence. The failure of Lender or any other party to
exercise diligence or reasonable care in the preservation, protection, enforcement, sale or other handling or treatment of all or any part of such collateral, property or security, including but not limited to any neglect, delay, omission, failure
or refusal of Lender (i) to take or prosecute any action for the collection of any of the Guaranteed Debt or (ii) to foreclose, or initiate any action to foreclose, or, once commenced, prosecute to completion any action to foreclose upon
any security therefor, or (iii) to take or prosecute any action in connection with any instrument or agreement evidencing or securing all or any part of the Guaranteed Debt. 

2.9 Unenforceability. The fact that any collateral, security, security interest or lien contemplated or intended
to be given, created or granted as security for the repayment of the Guaranteed Debt, or any part thereof, shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being
recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the Guaranteed Debt.

 2.10 Offset. The Note, the Guaranteed Debt and the liabilities and obligations of Guarantor to Lender
hereunder, shall not be reduced, discharged or released because of or by reason of any existing or future right of offset, claim or defense of Borrower against Lender, or any other party, or against payment of the Guaranteed Debt, whether such right
of offset, claim or defense of Borrower against Lender, or any other party, or against payment of the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. 

2.11 Merger. The reorganization, merger or consolidation of Borrower into or with any other corporation or entity.

 2.12 Preference. Any payment by Borrower to Lender is held to constitute a preference under bankruptcy
laws, or for any reason Lender is required to refund such payment or pay such amount to Borrower or someone else. 
 2.13 Other Actions Taken or Omitted. Any other action taken or omitted to be taken with respect to the Loan Documents, the Guaranteed Debt, or the security and collateral therefor, whether or not
such action or omission prejudices Guarantor or increases the likelihood that Guarantor will be required to pay the Guaranteed Debt pursuant to the terms hereof, it is the unambiguous and unequivocal intention of Guarantor that Guarantor shall be
obligated to pay the Guaranteed Debt when due, notwithstanding any occurrence, circumstance, event, action, or omission whatsoever, whether contemplated or uncontemplated, and whether or not otherwise or particularly described herein, which
obligation shall be deemed satisfied only upon the full and final payment and satisfaction of the Guaranteed Debt. 
 ARTICLE 3

 REPRESENTATIONS AND WARRANTIES 

To induce Lender to enter into the Loan Documents and extend credit to Borrower, Guarantor represents and warrants to
Lender as follows: 
 3.1 Benefit. Such Guarantor is an affiliate of Borrower, is the owner of a direct
or indirect interest in Borrower, or has received, or will receive, direct or indirect benefit from the making of this Guaranty with respect to the Guaranteed Debt. 

3.2 Familiarity and Reliance. Such Guarantor is familiar with, and has independently reviewed books and records
regarding, the financial condition of the Borrower and is familiar with the value of any and all collateral intended to be created as security for the payment of the Note or Guaranteed Debt; however, such Guarantor is not relying on such financial
condition or the collateral as an inducement to enter into this Guaranty. 

  
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 3.3 No Representation by Lender. Neither Lender nor any other party
has made any representation, warranty or statement to such Guarantor in order to induce the Guarantor to execute this Guaranty. 
 3.4 Guarantor’s Financial Condition. As of the date hereof, and after giving effect to this Guaranty and the contingent obligation evidenced hereby, Guarantor is solvent. 

3.5 Legality. The execution, delivery and performance by such Guarantor of this Guaranty and the consummation of
the transactions contemplated hereunder do not, and will not, contravene or conflict with any law, statute or regulation whatsoever to which such Guarantor is subject or constitute a default (or an event which with notice or lapse of time or both
would constitute a default) under, or result in the breach of, any indenture, mortgage, deed of trust, charge, lien, or any contract, agreement or other instrument to which Guarantor is a party or which may be applicable to such Guarantor. This
Guaranty is a legal and binding obligation of such Guarantor and is enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to the enforcement of creditors’ rights.

 3.6 Net Worth. Guarantor shall at all times maintain a minimum net worth of not less than TEN MILLION
AND NO/100 DOLLARS ($10,000,000.00). 
 3.7 Survival. All representations and warranties made by such
Guarantor herein shall survive the execution hereof. 
 ARTICLE 4 

SUBORDINATION OF CERTAIN INDEBTEDNESS 
 4.1 Subordination of All Guarantor Claims. As used herein, the term “Guarantor’s Claims” shall mean all debts and liabilities of Borrower to Guarantor, whether such debts and
liabilities now exist or are hereafter incurred or arise, or whether the obligations of Borrower thereon be direct, contingent, primary, secondary, several, joint and several, or otherwise, and irrespective of whether such debts or liabilities be
evidenced by note, contract, open account, or otherwise, and irrespective of the person or persons in whose favor such debts or liabilities may, at their inception, have been, or may hereafter be created, or the manner in which they have been or may
hereafter be acquired by Guarantor. The Guarantor’s Claims shall include without limitation all rights and claims of Guarantor against Borrower (arising as a result of subrogation or otherwise) as a result of Guarantor’s payment of all or
a portion of the Guaranteed Debt. Upon the occurrence of an Event of Default (as defined in the Loan Documents) or the occurrence of an event which would, with the giving of notice or the passage of time, or both, constitute an Event of Default,
Guarantor hereby agrees that it shall not receive or collect, directly or indirectly, from Borrower or any other party any amount upon the Guarantor Claims until the Guaranteed Debt has been paid in full. 

4.2 Claims in Bankruptcy. In the event of receivership, bankruptcy, reorganization, arrangement, debtor’s
relief, or other insolvency proceedings involving Guarantor as debtor, Lender shall have the right to prove Lender’s claim in any such proceeding so as to establish Lender’s rights hereunder and receive directly from the receiver, trustee
or other court custodian dividends and payments which would otherwise be payable upon Guarantor’s Claims. Guarantor hereby assigns such dividends and payments to Lender. Should Lender receive, for application upon the Guaranteed Debt, any such
dividend or payment which is otherwise payable to Guarantor, and which, as between Borrower and Guarantor, shall constitute a credit upon the Guarantor’s Claims, then upon payment to Lender in full of the Guaranteed Debt, Guarantor shall become
subrogated to the rights of Lender to the extent that such payments to Lender on the Guarantor’s Claims have contributed toward the liquidation of the Guaranteed Debt, and such subrogation shall be with respect to the proportion of the
Guaranteed Debt which would have been unpaid if Lender had not received dividends or payments upon the Guarantor’s Claims. 
 4.3 Payments Held in Trust. In the event that, notwithstanding anything to the contrary in this Guaranty, Guarantor should receive any funds, payment, claim or distribution

  
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which is prohibited by this Guaranty, Guarantor agrees to hold in trust for Lender an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that
Guarantor shall have absolutely no dominion over the amount of such funds, payments, claims or distributions so received except to pay them promptly to Lender, and Guarantor covenants promptly to pay the same to Lender. 

4.4 Liens Subordinate. Guarantor agrees that any liens, security interests, judgment liens, charges or other
encumbrances upon Borrower’s assets securing payment of the Guarantor’s Claims shall be and shall remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon Borrower’s assets
securing payment of the Guaranteed Debt, regardless of whether such encumbrances in favor of Guarantor or Lender presently exist or are hereafter created or attach. Without the prior written consent of Lender, Guarantor shall not (i) exercise
or enforce any creditor’s right Guarantor may have against Borrower, or (ii) foreclose, repossess, sequester or otherwise take steps or institute any action or proceedings (judicial or otherwise, including without limitation the
commencement of, or joinder in, any liquidation, bankruptcy, rearrangement, debtor’s relief or insolvency proceeding) to enforce any liens, mortgages, deeds of trust, security interest, collateral rights, judgments or other encumbrances on
assets of Borrower held by Guarantor. 
 ARTICLE 5 
 MISCELLANEOUS 
 5.1 Waiver. No failure to exercise,
and no delay in exercising, on the part of Lender, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right. The rights
of Lender hereunder shall be in addition to all other rights provided by law. No modification or waiver of any provision of this Guaranty, nor consent to departure therefrom, shall be effective unless in writing and no such consent or waiver shall
extend beyond the particular case and purpose involved. No notice or demand given in any case shall constitute a waiver of the right to take other action in the same, similar or other instances without such notice or demand. 

5.2 Notices. Any notices or other communications required or permitted to be given by this Guaranty must be given
in writing and either (i) mailed by prepaid certified or registered mail, return receipt requested, addressed to the party at the address herein provided, (ii) by delivery to a third party commercial delivery service with evidence of
delivery to the office of the addressee, or (iii) by personal delivery to the addressee. The addressee of the parties hereto are as follows: 
  

			
	 Guarantor:
 CARTER VALIDUS OPERATING
 PARTNERSHIP, LP

4211 West Boy Scout Boulevard, Suite 500
 Tampa, Florida 33607
 Attention: John Carter

FAX
NO.:                    
	 	 with a copy to:
 Stephen Kussner
 GrayRobinson, P.A.

201 North Franklin Street, Suite 2200
 P.O. Box 3324 (33601-3324)
 Tampa, Florida 33602

Main: 813-273-5000 | Fax: 813-273-5145
 Direct: 813-273-5296

  

			
	 Lender:
 AMERICAN MOMENTUM BANK
 One Momentum Boulevard

College Station, Texas 77845
 ATTENTION: TERESA EOFF
 FAX NO.: (979) 599-9375
	 	 with a copy to:
 PAYNE, MALECHEK, SCHERR,
 CAMPBELL & MOORE, P.C.

P.O. BOX 6900

BRYAN, TEXAS 77805-6900
 ATTENTION: TREY MALECHEK
 FAX NO.: (979) 731-8333

 Any such notice or other communication shall be deemed to have been given (whether actually received or
not) on the day it is delivered to the U.S. Post Office or third party delivery service as aforesaid or if delivered by other means, then upon actual receipt by the addressee. Any party may change its address for purposes of this Guaranty by giving
notice of such change to the other party pursuant to this Section. 

  
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 5.3 Governing Law. THIS GUARANTY IS EXECUTED AND DELIVERED AS AN
INCIDENT TO A LENDING TRANSACTION NEGOTIATED, CONSUMMATED, AND PERFORMABLE IN HILLSBOROUGH COUNTY, FLORIDA, AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA. Any action or proceeding against Guarantor
under or in connection with this Guaranty may be brought in any state or federal court in Hillsborough County, Florida. Guarantor hereby irrevocably (i) submits to the nonexclusive jurisdiction of such courts, and (ii) waives any objection
it may now or hereafter have as to the venue of any such action or proceeding brought in such court or that such court is an inconvenient forum. Guarantor agrees that service of process upon it may be made by certified or registered mail, return
receipt requested, at its address specified herein. Nothing herein shall affect the right of Lender to serve process in any other matter permitted by law or shall limit the right of Lender to bring any action or proceeding against Guarantor or with
respect to any of Guarantor’s property in courts in other jurisdictions. Any action or proceeding by Guarantor against Lender shall be brought only in a court located in Hillsborough County, Florida. 

5.4 Invalid Provisions. If any provision of the Guaranty is held to be illegal, invalid, or unenforceable under
present or future laws effective during the term of this Guaranty, such provision shall be fully severable and this Guaranty shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this
Guaranty, and the remaining provisions of this Guaranty shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Guaranty, unless such continued effectiveness of
this Guaranty, as modified, would be contrary to the basic understandings and intentions of the parties as expressed herein. 
 5.5 Amendments. This Guaranty may be amended only by an instrument in writing executed by the party or an authorized representative of the party against whom such amendment is sought to be
enforced. 
 5.6 Parties Bound; Assignment. This Guaranty shall be binding upon and inure to the benefit
of the parties hereto and their respective successors, assigns and legal representatives; provided, however, that Guarantor may not, without the prior written consent of Lender, assign any of Guarantor’s rights, powers, duties or obligations
hereunder. 
 5.7 Headings. Section headings are for convenience of reference only and shall in no way
affect the interpretation of this Guaranty. 
 5.8 Recitals. The recital and introductory paragraphs
hereof are a part hereof, form a basis for this Guaranty and shall be considered prima facie evidence of the facts and documents referred to therein. 

5.9 Counterparts. To facilitate execution, this Guaranty may be executed in as many counterparts as may be
convenient or required. It shall not be necessary that the signature or acknowledgment of, or on behalf of, each party, or that the signature of all persons required to bind any party, or the acknowledgment of such party, appear on each counterpart.
All counterparts shall collectively constitute a single instrument. It shall not be necessary in making proof of this Guaranty to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, and the
respective acknowledgments of, each of the parties hereto. Any signature or acknowledgment page to any counterpart may be detached from such counterpart without impairing the legal effect of the signatures or acknowledgments thereon and thereafter
attached to another counterpart identical thereto except having attached to it additional signature or acknowledgment pages. 
 5.10 Rights and Remedies. If Guarantor becomes liable for any indebtedness owing by Borrower to Lender, by endorsement or otherwise, other than under this Guaranty, such liability shall not be in
any manner impaired or affected hereby and the rights of Lender hereunder shall be cumulative of any and all other rights that Lender may ever have against such Guarantor. The exercise by Lender of any right or remedy hereunder or under any other
instrument, or at law or in equity, shall not preclude the concurrent or subsequent exercise of any other right or remedy. 

  
 Page 8

 5.11 Funding Prohibited without Guarantor’s Execution and
Delivery. Guarantor hereby acknowledges that the Loan will not be funded unless Guarantor executes and delivers this Guaranty prior to funding. 
 5.12 ENTIRETY. THIS GUARANTY EMBODIES THE FINAL, ENTIRE AGREEMENT OF GUARANTOR AND LENDER WITH RESPECT TO GUARANTOR’S GUARANTY OF THE GUARANTEED DEBT AND SUPERSEDES ANY AND ALL PRIOR
COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF. THIS GUARANTY IS INTENDED BY GUARANTOR AND LENDER AS A FINAL AND COMPLETE EXPRESSION OF THE TERMS OF THE GUARANTY, AND NO
COURSE OF DEALING BETWEEN GUARANTOR AND LENDER, NO COURSE OF PERFORMANCE, NO TRADE PRACTICES, AND NO EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OR OTHER EXTRINSIC EVIDENCE OF ANY NATURE SHALL BE USED TO
CONTRADICT, VARY, SUPPLEMENT OR MODIFY ANY TERM OF THIS GUARANTY AGREEMENT. THERE ARE NO ORAL AGREEMENTS BETWEEN GUARANTOR AND LENDER. 
 5.13 WAIVER OF RIGHT TO TRIAL BY JURY. THE PARTIES TO THIS AGREEMENT HEREBY, UNCONDITIONALLY AND VOLUNTARILY, WITH AND UPON THE ADVICE OF COUNSEL, WAIVE, RELINQUISH AND FOREVER FORGO THE RIGHT TO A
TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, OR ARISING OUT OF, OR IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENTS RELATED TO THIS TRANSACTION. 

  
 Page 9

 EXECUTED as of the day and year first above written. 

 

					
	GUARANTOR:
	
	CARTER VALIDUS OPERATING PARTNERSHIP, LP, a Delaware limited partnership
	
	By: CARTER VALIDUS MISSION CRITICAL REIT, INC., a Maryland corporation, its general partner
			
		 	 By:
	 	 /s/ John E. Carter

			
		 	Name:	 	John E. Carter
			
		 	Title:	 	Chief Executive Officer

  

			
		
	 THE STATE OF TEXAS            
	  	 §

		
		  	 §

		
	 COUNTY OF             
	  	 §

 This instrument was acknowledged before me on this     day of FEBRUARY, 2012,
by                    ,                    of
CARTER VALIDUS MISSION CRITICAL REIT, INC., a Maryland corporation, the general partner of CARTER VALIDUS OPERATING PARTNERSHIP, LP, a Delaware limited partnership, on behalf of said entity. 

 

	
	  

	 Notary Public, State of Texas

  
 Page 10

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