Document:

knd-ex47_319.htm

 

EXHIBIT 4.7

THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 5, 2015, among Kindred Healthcare, Inc. (the “Company”), House Call Doctors, Inc., a Texas corporation (the “New Subsidiary Guarantor”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”).

W I T N E S S E T H:

WHEREAS, each of Kindred Escrow Corp. II, a Delaware corporation and a wholly-owned subsidiary of the Company (merged with and into the Company) and the Trustee is party to the indenture dated as of December 18, 2014 (as amended and/or supplemented, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 8.75% Senior Notes due 2023 (the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances the New Subsidiary Guarantor shall execute and deliver to the Trustee a supplemental indenture pursuant to which the New Subsidiary Guarantor shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Subsidiary Guarantee”); and

WHEREAS, pursuant to Section 9.01 of the Indenture, each of the Trustee and the Company is authorized to execute and deliver this Supplemental Indenture.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the benefit of each other and the equal and ratable benefit of the Holders of the Notes as follows:

(1) Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

(2) Agreement to Subsidiary Guarantees.  The New Subsidiary Guarantor hereby agrees as follows:

(a) Along with all Subsidiary Guarantors named in the Indenture, subject to Article 10 of the Indenture, to jointly and severally unconditionally guarantee, on a senior unsecured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Company hereunder, that:

(i) the principal of, premium, if any, or interest on or Additional Interest, if any, on the Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of 

 

 

the Company to the Holders or the Trustee thereunder shall be promptly paid in full or performed, all in accordance with the terms thereof; and

(ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise.  Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the New Subsidiary Guarantor and the other Subsidiary Guarantors named in the Indenture shall be jointly and severally obligated to pay the same immediately.  This is a guarantee of payment and not a guarantee of collection.

(b) The obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor.

(c) The following is hereby waived:  diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever.

(d) The Subsidiary Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes, the Indenture and this Supplemental Indenture, and the New Subsidiary Guarantor accepts all obligations of a Subsidiary Guarantor under the Indenture.

(e) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Subsidiary Guarantors (including the New Subsidiary Guarantor), or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Subsidiary Guarantors, any amount paid either to the Trustee or such Holder, the Subsidiary Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect.

(f) The New Subsidiary Guarantor shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby.

(g) As between the New Subsidiary Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of the Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such 

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obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by the New Subsidiary Guarantor for the purpose of this Subsidiary Guarantee.

(h) If the New Subsidiary Guarantor makes a payment under its Subsidiary Guarantee, the New Subsidiary Guarantor will be entitled upon payment in full of all Obligations under the Indenture to a contribution from each other Subsidiary Guarantor (including the other New Subsidiary Guarantor) in an amount equal to such other Subsidiary Guarantor’s pro rata portion of such payment based on the respective net assets of all the Subsidiary Guarantors at the time of such payment determined in accordance with GAAP.

(i) Pursuant to Section 10.02 of the Indenture, the obligations of the New Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of the New Subsidiary Guarantor that are relevant under any applicable Bankruptcy Law or fraudulent conveyance laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under Article 10 of the Indenture, result in the obligations of the New Subsidiary Guarantor under its Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law.

(j) The Subsidiary Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Company for liquidation, reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes and Subsidiary Guarantee, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such payment or performance had not been made.  In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Note shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

(k) In case any provision of the Subsidiary Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

(l) Each payment to be made by the New Subsidiary Guarantor in respect of its Subsidiary Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature.

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(3) Execution and Delivery.  The New Subsidiary Guarantor agrees that its Subsidiary Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of the Subsidiary Guarantee on the Notes.

(4) Merger, Consolidation or Sale of All or Substantially All Assets.

(a) Except as otherwise provided in Section 5.01(b) of the Indenture, no New Subsidiary Guarantor may consolidate or merge with or into or wind up into (whether or not the Company or such New Subsidiary Guarantor is the surviving corporation), nor sell, assign, convey, transfer or otherwise dispose of all or substantially all of its properties or assets, in one or more related transactions, to any Person (other than to the Company or another Subsidiary Guarantor) unless:

(x)(i) if such entity remains a Subsidiary Guarantor, the resulting, surviving or transferee Person (the “Successor Guarantor”) will be a corporation, partnership, trust or limited liability company organized and existing under the laws of the United States of America, any State of the United States, the District of Columbia or any other territory thereof;

(ii) the Successor Guarantor, if other than such New Subsidiary Guarantor, expressly assumes all the obligations of such New Subsidiary Guarantor under the Notes and the Indenture pursuant to a supplemental indenture or other documents or instruments in form reasonably satisfactory to the Trustee;

(iii) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing;  and

(iv) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with the Indenture; or

(y) the transaction is made in compliance with Section 4.10 of the Indenture (it being understood that only such portion of the Net Available Cash as is required to be applied on the date of such transaction in accordance with the terms of the Indenture needs to be applied in accordance therewith at such time), or excluded from the definition of “Asset Sale,” and, if applicable, Section 5.01 of the Indenture.

(5) Releases.

Subject to Section 10.06 of the Indenture, the Subsidiary Guarantee of the New Subsidiary Guarantor shall be automatically and unconditionally released and discharged, and no further action by the New Subsidiary Guarantor, the Company or the Trustee is required for the release of the New Subsidiary Guarantor’s Subsidiary Guarantee, upon:

(i) the occurrence of any sale, exchange, transfer or other disposition (by merger, consolidation or otherwise) of the Capital Stock of the New Subsidiary Guarantor (including any sale, exchange, transfer or other disposition after which the New Subsidiary Guarantor is no longer a Restricted Subsidiary) or of all or substantially 

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all the assets and property of the New Subsidiary Guarantor, which sale, exchange, transfer or other disposition is made in compliance with the applicable provisions of the Indenture;

(ii) the release or discharge of the New Subsidiary Guarantor from its Guarantee of Indebtedness of the Company and the Subsidiary Guarantors under the Senior Credit Facilities (including by reason of the termination of the Senior Credit Facilities), if the New Subsidiary Guarantor would not then otherwise be required to guarantee the Notes pursuant to the Indenture, except a discharge or release by or as a result of payment under the Subsidiary Guarantee; provided, that if the New Subsidiary Guarantor has Incurred any Indebtedness or issued any Preferred Stock or Disqualified Stock in reliance on its status as a Subsidiary Guarantor under Section 4.09 of the Indenture, the New Subsidiary Guarantor’s obligations under such Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, so Incurred are satisfied in full or discharged or are otherwise permitted to be incurred under Section 4.09 of the Indenture;

(iii) the designation of any Restricted Subsidiary that is a Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the Indenture; or

(iv) the Company exercising its Legal Defeasance option or Covenant Defeasance option in accordance with Article 8 of the Indenture or the Company’s obligations under the Indenture being discharged in accordance with the terms of the Indenture.

(6) No Recourse Against Others.  No director, officer, employee, incorporator or stockholder of the New Subsidiary Guarantor shall have any liability for any obligations of the Company or the Subsidiary Guarantors (including the New Subsidiary Guarantor) under the Notes, the Subsidiary Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.

(7) Governing Law.  THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

(8) Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.  Delivery of an executed counterpart of a signature page of this Supplemental Indenture by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Supplemental Indenture.

(9) Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

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(10) The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the New Subsidiary Guarantor.

(11) Subrogation.  The New Subsidiary Guarantor shall be subrogated to all rights of Holders of Notes against the Company in respect of any amounts paid by the New Subsidiary Guarantor pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the New Subsidiary Guarantor shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Company under the Indenture or the Notes shall have been paid in full.

(12) Benefits Acknowledged.  The New Subsidiary Guarantor’s Subsidiary Guarantee is subject to the terms and conditions set forth in the Indenture.  The New Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Supplemental Indenture are knowingly made in contemplation of such benefits.

(13) Successors.  All agreements of the New Subsidiary Guarantor in this Supplemental Indenture shall bind its successors, except as otherwise provided in this Supplemental Indenture.  All agreements of the Trustee in this Supplemental Indenture shall bind its successors.

(14) Severability. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

 

	
 
	
 
	
KINDRED HEALTHCARE, INC.
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Joseph L. Landenwich
	
 

	
 
	
 
	
Name:
	
Joseph L. Landenwich
	
 

	
 
	
 
	
Title:
	
Co-General Counsel and Corporate
	
 

	
 
	
 
	
 
	
Secretary
	
 

 

[Signature Page to the Third Supplemental Indenture – 2023 Notes]

 

 

	
 
	
 
	
New Subsidiary Guarantor:
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
HOUSE CALL DOCTORS, INC.
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Joseph L. Landenwich
	
 

	
 
	
 
	
Name:
	
Joseph L. Landenwich
	
 

	
 
	
 
	
Title:
	
Co-General Counsel and Corporate
	
 

	
 
	
 
	
 
	
Secretary
	
 

 

[Signature Page to the Third Supplemental Indenture – 2023 Notes]

 

 

	
 
	
 
	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Julius R. Zamora
	
 

	
 
	
 
	
Name:
	
Julius R. Zamora
	
 

	
 
	
 
	
Title:
	
Vice President
	
 

 

[Signature Page to the Third Supplemental Indenture – 2023 Notes]knd-ex101_416.htm

 

EXHIBIT 10.1

Amendment to Amended and Restated Master Lease No. 5

This Amendment to the Amended and Restated Master Lease Agreement No. 5 (this “Amendment”) is made and entered into as of March 18, 2015, by and among Ventas Realty, Limited Partnership, a Delaware limited partnership (together with its successors and assigns, the “Lessor”); Kindred Healthcare, Inc., a Delaware corporation formerly known as Vencor, Inc. (“Kindred”), and Kindred Healthcare Operating, Inc., a Delaware corporation formerly known as Vencor Operating, Inc. (“Operator”; Operator, jointly and severally with Kindred and permitted successors and assignees of Operator and Kindred, “Tenant”); and Kindred Nursing Centers Limited Partnership, a Delaware limited partnership (the “Affiliate Guarantor”);

Recitals:

A. Lessor and Tenant are parties to that certain Amended and Restated Master Lease Agreement No. 5, dated as of September 30, 2013, between Lessor and Tenant, as amended by that certain Agreement Regarding Master Leases, dated as of September 30, 2013 between Lessor and Tenant, and that certain Agreement Regarding Master Leases No. 2, dated as of December 31, 2014 between Lessor and Tenant (the “Master Lease”).  Included among the properties leased to Tenant under the Master Lease are the real property, improvements, and fixtures, that constitute the licensed skilled nursing facility known as Kindred Transitional Care and Rehabilitation – Southwood, and located in Terre Haute, Indiana (the “Facility”).

B. Lessor, at the request of the City of Terre Haute, Indiana, in connection with a road widening project on Margaret Avenue, which runs along the southern boundary of the Facility, desires to convey to the City of Terre Haute, Indiana, fee simple title to a portion of the real property on which the Facility is located (the “Conveyed Parcel”) described in the unexecuted deed attached hereto as Schedule 1.

C. The parties desire to enter into this Amendment to evidence Tenant’s consent to the conveyance of the Conveyed Parcel, and to amend the Master Lease to remove the Conveyed Parcel from the legal description of the real property on which the Facility is located.

Now, Therefore, the parties hereby agree as follows:

1. Defined Terms. Words whose initial letters are capitalized are defined terms.  When used in this Amendment such terms shall have the meaning assigned to them in context in this Amendment or, if not defined in this Amendment, the same meaning as that assigned to such defined terms by the Master Lease.

2. Amendment to Master Lease. That portion of Exhibit A of the Master Lease pertaining to Facility # 113 is hereby amended and restated as set forth in Schedule 2 of this Amendment to exclude the Conveyed Parcel from the legal description.

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3. Additional Agreements of the Parties.

3.1 Consent of Tenant to Conveyance.  Tenant hereby consents to the conveyance of the Conveyed Parcel by Lessor to the City of Terre Haute, Indiana that will result in the amended property description for the Facility as set forth in Schedule 2 to this Amendment.

3.2 Release of Interest in Conveyed Parcel; Further Assurances.  Tenant hereby releases all of its right, title and interest to the Conveyed Parcel under the Master Lease.  If requested by the City of Terre Haute, Indiana, Tenant shall execute and deliver to the City of Terre Haute, Indiana a quit claim deed (or similar instrument) for the Conveyed Parcel.

3.3 No Abatement or Entitlement to Compensation.  Tenant agrees that there will be no abatement of Rent due to the conveyance of the Conveyed Parcel, and that Tenant is not entitled to any portion of the compensation received by Lessor for the conveyance of the Conveyed Parcel.

3.4 Reaffirmation of Obligations. Notwithstanding the modifications to the Master Lease contained in this Amendment, Tenant hereby acknowledges and reaffirms its obligations under the Master Lease as amended hereby and all other documents executed by Tenant in connection therewith.

3.5 Guarantor Consent and Affirmation of Guaranty.  Affiliate Guarantor joins this Amendment and hereby (i) consents to this Amendment and (ii) reaffirms that its obligations under the Lease Guaranty to guarantee Tenant’s obligations under the Master Lease, as amended, remain in full force and effect.

4. Miscellaneous Provisions.

4.1 Governing Law. This Amendment shall be governed by and construed in accordance with the internal laws of the State of Indiana, without regard to its conflict of laws rules.

4.2 Further Instruments. Each party will, whenever and as often as it shall be reasonably requested so to do by another party, cause to be executed, acknowledged or delivered, any and all such further instruments and documents as may be necessary or proper, in the reasonable opinion of the requesting party, in order to carry out the intent and purpose of this Amendment.

4.3 Counterparts. This Amendment may be executed in counterparts, all of which executed counterparts shall together constitute a single document. Signature pages may be detached from the counterparts and attached to a single copy of this document to physically form one document. Executed copies of this Amendment may be delivered via facsimile or electronic mail, each of which and all of which shall constitute a delivery of originally signed copies of this Amendment.

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4.4 Effect of Amendment. Except as specifically amended pursuant to the terms of this Amendment, the terms and conditions of the Master Lease shall remain unmodified and in full force and effect. If any inconsistencies between the terms of this Amendment and any terms of the Master Lease arise, the terms of this Amendment shall govern and prevail.

4.5 Interpretation.

(a) Both parties acknowledge and agree that each party has had the benefit of competent, independent legal counsel and other advisors, and that each party has had an equal right to negotiate the terms and participate in the drafting of this Amendment. If any ambiguity or question of intent or interpretation arises, no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Amendment.

(b) Section titles or captions in this Amendment are included for purposes of convenience only and shall not be considered a part of the Amendment in construing or interpreting any of its provisions.

(c) Unless the context otherwise requires, when used in this Amendment, the singular shall include the plural, the plural shall include the singular, and all pronouns shall be deemed to refer to the masculine, feminine or neuter, as the identity of the person or persons may require.

(d) The parties do not intend that this Amendment shall confer on any third party any right, remedy or benefit or that any third party shall have any right to enforce any provision of this Amendment.

4.6 Schedules; Entire Agreement. All Schedules to this Amendment shall constitute part of this Amendment and shall be deemed to be incorporated in this Amendment by reference and made a part of this Amendment as if set out in full at the point where first mentioned. This Amendment embodies the entire agreement and understanding of the parties related to its subject matter and supersedes all prior proposals, understandings, agreements, correspondence, arrangements and contemporaneous oral agreements relating to subject matter of this Amendment.  No representation, promise, inducement or statement of intention has been made by any party that has not been embodied in this Amendment.

[Signature Page Immediately Follows]

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In Witness Whereof, Lessor, Tenant and Affiliate Guarantor have executed this Amendment as of the date first above written.

 

	
 
	
LESSOR:

	
 
	
 

	
 
	
Ventas Realty, Limited Partnership, a Delaware limited partnership

	
 
	
 
	
 

	
 
	
 
	
By:
	
Ventas, Inc., a Delaware corporation and general partner

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
By: 
	
/s/ Brian K. Wood

	
 
	
 
	
 
	
Name: 
	
Brian K. Wood

	
 
	
 
	
 
	
Title: 
	
Sr. Vice President & Chief Tax Officer

	
 
	
 

	
 
	
TENANT:

	
 
	
 

	
 
	
Kindred Healthcare, Inc., a Delaware corporation

	
 
	
 

	
 
	
By:
	
/s/ Cristina E. O’Brien

	
 
	
Name:
	
Cristina E. O’Brien

	
 
	
Title:
	
Vice President and Real Estate Counsel

	
 
	
 

	
 
	
Kindred Healthcare Operating, Inc., a Delaware corporation

	
 
	
 
	
 

	
 
	
By:
	
/s/ Cristina E. O’Brien

	
 
	
Name:
	
Cristina E. O’Brien

	
 
	
Title:
	
Vice President and Real Estate Counsel

	
 
	
 

	
 
	
AFFILIATE GUARANTOR:

	
 
	
 

	
 
	
Kindred Nursing Centers Limited Partnership, a Delaware limited partnership

	
 
	
 
	
 

	
 
	
By:
	
/s/ Cristina E. O’Brien

	
 
	
Name:
	
Cristina E. O’Brien

	
 
	
Title:
	
Vice President and Real Estate Counsel

 

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Schedule 1

The Deed

WARRANTY DEED

 

	
Form WD-1
	
Project
	
Margaret Avenue, Phase III

	
Revised 07/2014
	
Des. No.:
	
1298689

	
 
	
Parcel:
	
26

	
 
	
Page:
	
1 of 3

 

THIS INDENTURE WITNESSETH, That Ventas Realty, Limited Partnership, a Delaware limited partnership and successor in interest of Ventas Finance I, LLC by merger, the Grantor, of Jefferson County, Commonwealth of Kentucky Conveys and Warrants to the CITY OF TERRE HAUTE, INDIANA, the Grantee, for and in consideration of the sum of Eight Thousand Three Hundred and NO/100 Dollars ($8,300.00) (of which said sum $8,300.00 represents land and improvements acquired and $0.00 represents damages) and other valuable consideration, the receipt of which is hereby acknowledged, certain Real Estate situated in the County of Vigo, State of Indiana, and being more particularly described in the legal description(s) attached hereto as Exhibit “A” and depicted upon the Right of Way Parcel Plat attached hereto as Exhibit “B”, both of which exhibits are incorporated herein by reference.

This conveyance is subject to any and all easements, conditions and restrictions of record.

The Grantor hereby specifically acknowledges and agrees that the Real Estate conveyed herein is conveyed in fee simple and that no reversionary rights whatsoever shall remain with the Grantor, or any successors in title to the abutting lands of the Grantor, notwithstanding any subsequent abandonment, vacation, disuse, nonuse, change of use, conveyance, lease and/or transfer by the Grantee or its successors in title, of a portion or all of the said Real Estate or any right of way, roadway or roadway appurtenances established thereupon. This acknowledgement and agreement is a covenant running with the land and shall be binding upon the Grantor and all successors and assigns. 

 

 

 

 

 

 

 

 

Interests in land acquired by the City

of Terre Haute, Indiana

Grantee mailing address: 17 Harding 

Avenue Terre Haute, IN 47807

I.C. 8-23-7-31

 

 

 

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Form WD-1
	
Project:
	
Margaret Avenue, Phase III

	
Revised 07/2014
	
Des. No.:
	
1298689

	
 
	
Parcel:
	
26

	
 
	
Page:
	
1 of 3

 

The undersigned represents and warrants that it is the General Partner of the Grantor; that the Grantor is a limited partnership validly existing in the State of its origin and, where required, in the State where the subject real estate is situated; that the Grantor has full capacity to convey the real estate interest described; that pursuant to the Partnership Agreement of the Grantor the General Partner has full authority to execute and deliver this instrument on Grantor’s behalf and that said authority has not been revoked; that Grantor is therefore, fully authorized and empowered to convey to the City of Terre Haute, Indiana, real estate of the Grantor, and that on the date of execution of said conveyance instruments the general partner of Grantor had full authority to so act; and that all necessary partnership action for the making of this conveyance has been duly taken. 

The Grantor assumes and agrees to pay the 2014 payable 2015 real estate taxes and assessments on the above described real estate. This obligation to pay shall survive the said closing and shall be enforceable by the City in the event of any non-payment.

 

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Form WD-1
	
Project:
	
Margaret Avenue, Phase III

	
Revised 07/2014
	
Des. No.:
	
1298689

	
 
	
Parcel:
	
26

	
 
	
Page:
	
1 of 3

 

IN WITNESS WHEREOF, the said Grantor has executed this instrument this ____ day of____________, 2015. 

Ventas Reality, Limited Partnership, a Delaware limited partnership

By: Ventas, Inc., its general partner 

 

	
By:
	
 

	
Name:
	
 

	
Title:
	
 

 

STATE OF KENTUCKY

SS:

COUNTY OF JEFFERSON

 

Before me, a Notary Public in and for said State and County, personally appeared ____________, the ____________ of Ventas, Inc., a Delaware corporation and general partner of Ventas Realty, Limited Partnership, a Delaware limited partnership, the Grantor, in the above conveyance, and acknowledged the execution of the same on the date aforesaid to be voluntary act and deed of the General Partner and who, being duly sworn, stated that any representations contained therein are true.

Witness my hand and Notarial Seal this          day of       , 2015.

 

			
	
Signature
	
 

	
Printed Name
	
 

	
My Commission expires
	
 

	
I am a resident of 
	
 
	
County.

 

This instrument prepared by and I affirm under the penalties for perjury that I have taken reasonable care to redact each Social Security number in this document, unless required by law. 

 

___________________________________, City Attorney Chou-il Lee 

Address: 17 Harding Avenue

Terre Haute IN 47807

Attorney No. ____________________

 

 

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EXHIBIT “A”

 

	
Project:
	
1298689
	
Sheet 1 of 1

	
Parcel: 
	
26 Fee Simple
	
 

	
Tax ID:
	
84-06-35-363-002.000-002
	
 

	
Form:
	
WD-1
	
 

 

A part of the South Half of the Southwest Quarter of Section 35, Township 12 North, Range 9 West, Vigo County, Indiana, and being that part of the grantor’s land lying within the right-of-way lines depicted on the attached Right-of-Way Parcel Plat, marked Exhibit “B”, described as follows: Beginning at a point on the south line of said section South 89 degrees 33 minutes 12 seconds East 1,022.80 feet from the southwest corner of said section, which point of beginning is the southwest corner of the grantor’s land; thence North 0 degrees 21 minutes 43 seconds East 30.00 feet along the west line of the grantor’s land to point “635” designated on said plat; thence South 89 degrees 33 minutes 12 seconds East 396.00 feet to the east line of the grantor’s land; thence South 0 degrees 21 minutes 43 seconds West 30.00 feet along said east line to the south line of said section; thence North 89 degrees 33 minutes 12 seconds West 396.00 feet along said south line to the point of beginning and containing 0.273 acres, more or less, inclusive of the presently existing right-of-way which contains 0.109 acres, more or less. 

This description was prepared for the City of Terre Haute, Indiana by Jessica L. Stapleton, Indiana Registered Land Surveyor, License Number LS20600032, on the 28th day of February, 2014.

 

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Schedule 2

Facility # 113

IN

SCHEDULE A

THE LAND

State of Indiana, County of Vigo

A part of 14 acres off the East side of 45 acres off the West end of the South Half of the Southwest Quarter of Section 35, Township 12 North, Range 9 West, Harrison Township, Vigo County, Indiana, and described as follows, to-wit: Commencing at the Southwest corner of the Southwest Quarter of Section 35, Township 12 North, Range 9 West; East along and with the south line of Section 35, One Thousand twenty-two and Eight Tenths (1022. 8) feet to the place of beginning; North 0 degrees 04 minutes West 700 feet; East Three Hundred Ninety-six (396) feet; South 0 degrees 04 minutes East Seven Hundred (700) feet; West Three Hundred Ninety-six (396) feet to the place of beginning.

Less

A part of the South Half of the Southwest Quarter of Section 35, Township 12 North, Range 9 West, Vigo County, Indiana, described as follows: Beginning at a point on the south line of said section South 89 degrees 33 minutes 12 seconds East 1,022.80 feet from the southwest corner of said section, which point of beginning is the southwest corner of the land; thence North 0 degrees 21 minutes 43 seconds East 30.00 feet along the west line of the land to point “635” designated on said plat; thence South 89 degrees 33 minutes 12 seconds East 396.00 feet to the east line of the land; thence South 0 degrees 21 minutes 43 seconds West 30.00 feet along said east line to the south line of said section; thence North 89 degrees 33 minutes 12 seconds West 396.00 feet along said south line to the point of beginning and containing 0.273 acres, more or less, inclusive of the presently existing right-of-way which contains 0.109 acres, more or less.

 

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