Document:

ex107810firstamendmasterlse.htm

Exhibit 10.78.10

 

Execution Version

 

FIRST AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT

 

THIS FIRST AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT (this “Amendment”) is made as of December 4, 2012 (the “Effective Date”), by and between HCPI Trust, a Maryland real estate investment trust, HCP Senior Housing Properties Trust, a Delaware statutory trust, HCP SH ELP1 Properties, LLC, a Delaware limited liability company, HCP SH ELP2 Properties, LLC, a Delaware limited liability company, HCP SH ELP3 Properties, LLC, a Delaware limited liability company, HCP SH Lassen House, LLC, a Delaware limited liability company, HCP SH Mountain Laurel, LLC, a Delaware limited liability company, HCP SH Mountain View, LLC, a Delaware limited liability company, HCP SH Oakridge, LLC, a Delaware limited liability company, HCP SH River Valley Landing, LLC, a Delaware limited liability company, and HCP SH Sellwood Landing, LLC, a Delaware limited liability company (as their interests may appear, “Lessor”), and Emeritus Corporation, a Washington corporation (“Lessee”).

 

RECITALS

 

WHEREAS, Lessor and Lessee entered into that certain Master Lease and Security Agreement dated as of October 31, 2012 (the “Original Lease” and, as amended by this Amendment, the “Lease”), with respect to the Leased Property (as defined in the Original Lease).  All capitalized terms used and not defined in this Amendment shall have the meanings assigned to them in the Original Lease;

 

WHEREAS, the Original Lease provides (in the definition of “Allocated Initial Investment” in Section 2.1 thereof) that Lessor and Lessee will amend the Original Lease to reflect any agreed-upon revisions of the Allocated Initial Investments for any Facilities (as set forth in Exhibit A-1, Exhibit A-2 and/or Exhibit A-3 of the Original Lease), and Lessor and Lessee have agreed upon revisions of the Allocated Initial Investments for certain Facilities;

 

WHEREAS, the Original Lease provides (in Section 45.1.20.3 thereof) that Lessor and Lessee may amend the Original Lease to reflect the acquisition by Lessor of the fee or leasehold interest in any additional facilities pursuant to the Purchase Agreement, and Lessor has acquired as of the date hereof the fee interest in one of such facilities, i.e., the facility described as a “Pool 2 Potential Facility” in Exhibit A-2 of the Original Lease and commonly known as Cordova Estates (the “Cordova Estates Property”);

 

WHEREAS, the Original Lease provides (in Section 45.1.20.5 thereof) that Lessor and Lessee will amend the Original Lease to reflect any agreed-upon revisions of the legal descriptions for any Facilities (as set forth in Exhibit A-1, Exhibit A-2 and/or Exhibit A-3 of the Original Lease), and Lessor and Lessee have agreed upon revisions of the legal descriptions for certain Facilities; and

 

WHEREAS, Lessor and Lessee desire to amend the Original Lease (among other things) in order to effectuate the foregoing matters, all as more particularly set forth herein.

 

1

 

  

  

  

 

AMENDMENT

 

NOW THEREFORE, in consideration of the foregoing and the terms, covenants and conditions contained in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows:

 

1.                                      Amendments.

 

(a)                                 Exhibit A-1, Exhibit A-2 and Exhibit A-3 of the Original Lease are hereby replaced in their entirety by Exhibit A-1, Exhibit A-2 and Exhibit A-3, respectively, attached hereto and by this reference made a part hereof.

 

(b)                                 For avoidance of doubt, the Cordova Estates Property is hereby deemed to be a “Facility” and a “Pool 2 Facility”, and included in the “Leased Property”, for all purposes of the Lease, effective as of the date hereof.

 

(c)                                  Notwithstanding any provisions of Section 3.1 of the Original Lease to the contrary, the Minimum Rent allocable or attributable to the Cordova Estates Property (i) shall be payable for the period commencing on the date hereof and continuing through the Term, (ii) shall be pro rated for the period commencing on the date hereof and ending on December 31, 2012, and (iii) shall be payable for the period described in clause (ii) above on the date hereof.

 

(d)                                 The definition of the term “Annual Minimum Capital Project Amount” set forth in Section 2.1 of the Original Lease is hereby amended to add “and the Other Purchase Agreement Facilities” after “all of the Facilities” in each of the first and second sentences of such definition.

 

(e)                                  The definition of the term “Non-Stable Facility” set forth in Section 2.1 of the Original Lease is hereby amended and restated in its entirety to read as follows:

 

Non-Stable Facility:  Any Facility described as “Non-Stable” on Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, under the heading “Stable/Non-Stable”.

 

2.                                      Representations and Warranties of Lessee.  As of the date hereof, Lessee represents and warrants to Lessor as follows:

 

(a)                                 Lessee is duly organized and validly existing under the laws of its state of organization/formation, is qualified to do business and in good standing in the State and has full power, authority and legal right to execute and deliver this Amendment and to perform and observe the provisions of this Amendment to be observed and/or performed by Lessee.

 

(b)                                 This Amendment has been duly authorized, executed and delivered by Lessee, and constitutes and will constitute the valid and binding obligations of Lessee enforceable against Lessee in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency and creditors rights, laws and general principles of equity.

 

2

 

  

  

  

 

(c)                                  Lessee is solvent, has timely and accurately filed all tax returns and extensions required to be filed by Lessee, and is not in default in the payment of any material taxes levied or assessed against Lessee or any of its material assets, and is not subject to any judgment, order, decree, rule or regulation of any Governmental Authority having jurisdiction over the Leased Property or Lessee which would, in the aggregate, materially and adversely affect Lessee’s condition, financial or otherwise, or Lessee’s prospects or the Leased Property.

 

(d)                                 Except for the Required Governmental Approvals to use and operate each Facility for its Primary Intended Use, no other material consent, approval or other authorization of, or registration, declaration or filing with, any Governmental Authority is required for the due execution and delivery of this Amendment, or for the performance by or the validity or enforceability of this Amendment against Lessee.

 

(e)                                  Subject to Lessee’s receipt of the Required Governmental Approvals, the execution and delivery of this Amendment and compliance with the provisions hereof will not result in (i) a material breach or violation of (A) any Legal Requirement applicable to Lessee or any Facility now in effect; (B) the organizational or charter documents of Lessee; (C) any judgment, order or decree of any Governmental Authority binding upon Lessee; or (D) any agreement or instrument to which Lessee is a counterparty or by which it is bound; or (ii) the acceleration of any material obligation of Lessee.

 

(f)                                   As of the date hereof, all Required Governmental Approvals with respect to the Cordova Estates Property have been obtained by Lessee.

 

(g)                                  Lessee is in compliance with the requirements of the Orders.  Neither Lessee nor any Lessee Party (A) is listed on the Specially Designated Nationals and Blocked Person List maintained by OFAC pursuant to the Order and/or on any other Lists; (B) is a Person (as defined in the Order) who has been determined by competent authority to be subject to the prohibitions contained in the Orders; or (C) is owned or controlled by (including without limitation by virtue of such Person being a director or owning direct voting shares or interests), or acts for or on behalf of, any person on the Lists or any other person who has been determined by competent authority to be subject to the prohibitions contained in the Orders.

 

3.                                      Representations and Warranties of Lessor.  As of the date hereof, Lessor represents and warrants to Lessee as follows:

 

(a)                                 Lessor is duly organized, validly existing and in good standing under the laws of its state of organization/formation, is qualified to do business and in good standing in the State (to the extent Lessor is required to be so by applicable Legal Requirements) and has full power, authority and legal right to execute and deliver this Amendment and to perform and observe the provisions of this Amendment to be observed and/or performed by Lessor.

 

(b)                                 This Amendment has been duly authorized, executed and delivered by Lessor, and constitutes and will constitute the valid and binding obligations of Lessor enforceable against Lessor in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency and creditors rights, laws and general principles of equity.

 

3

 

  

  

  

 

(c)                                  Lessor is solvent, has timely and accurately filed all tax returns and extensions required to be filed by Lessor, and is not in default in the payment of any material taxes levied or assessed against Lessor or any of its material assets, and is not subject to any judgment, order, decree, rule or regulation of any Governmental Authority having jurisdiction over the Leased Property or Lessor which would, in the aggregate, otherwise materially and adversely affect Lessor’s condition, financial or otherwise, or Lessor’s prospects or the Leased Property.

 

(d)                                 No material consent, approval or other authorization of, or registration, declaration or filing with, any Governmental Authority is required for the due execution and delivery of this Amendment, or for the performance by or the validity or enforceability of this Amendment against Lessor.

 

(e)                                  The execution and delivery of this Amendment and compliance with the provisions hereof will not result in (i) a material breach or violation of (A) any Legal Requirements applicable to Lessor now in effect; (B) the organizational or charter documents of Lessor; (C) any judgment, order or decree of any Governmental Authority binding upon Lessor; or (D) any material agreement or instrument to which Lessor is a counterparty or by which it is bound; or (ii) the acceleration of any material obligation of Lessor.

 

(f)                                   Lessor is in compliance with the requirements of the Orders.  Neither Lessor nor any of its Affiliates (A) is listed on the Specially Designated Nationals and Blocked Person List maintained by OFAC pursuant to the Order and/or on any other Lists; (B) is a Person (as defined in the Order) who has been determined by competent authority to be subject to the prohibitions contained in the Orders; or (C) is owned or controlled by (including without limitation by virtue of such Person being a director or owning voting shares or interests), or acts for or on behalf of, any person on the Lists or any other person who has been determined by competent authority to be subject to the prohibitions contained in the Orders.

 

4.                                      Miscellaneous.

 

(a)                                 Ratification and Confirmation of Lease.  This Amendment shall be deemed incorporated into the Original Lease and shall be construed and interpreted as though fully set forth therein.  As amended by this Amendment, the terms and provisions of the Lease are hereby ratified and confirmed in all respects.

 

(b)                                 Reaffirmation of Lease and Treatment Thereof.  Lessor and Lessee hereby acknowledge, agree and reaffirm that (i) except as otherwise expressly provided in the Lease (as hereby amended) to the contrary and for the limited purposes so provided, the Lease (as hereby amended) is and the parties intend the same for all purposes to be treated as a single, integrated and indivisible agreement and economic unit, and (ii) except as otherwise required by Legal Requirements or any accounting rules or regulations, the Lease (as hereby amended) shall be treated as an operating lease for all purposes and not as a synthetic lease, financing lease or loan, and Lessor shall be entitled to all the benefits of ownership of the Leased Property (including the Cordova Estates Property), including depreciation for all federal, state and local tax purposes.

 

4

 

  

  

  

 

(c)                                  Conflicts.  In the event of any conflict between the provisions of this Amendment and those of the Original Lease, the provisions of this Amendment shall control.

 

(d)                                 Counterparts; Electronically Submitted Signatures.  This Amendment may be executed in any number of counterparts, each of which shall be a valid and binding original, but all of which together shall constitute one and the same instrument.  Signatures transmitted via facsimile or other electronic means (including emailed pdf files) may be used in place of original signatures on this Amendment, and Lessor and Lessee both intend to be bound by such signatures transmitted via facsimile or other electronic means.

 

(e)                                  Severability.  If any term or provision of this Amendment or any application thereof shall be held invalid or unenforceable, the remainder of this Amendment and any other application of such term or provision shall not be affected thereby.

 

[Signature Pages Follow]

 

5

 

  

  

  

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and attested by their respective officers thereunto duly authorized.

 

LESSEE:

 

EMERITUS CORPORATION, a Washington corporation

 

 

	
By:

	
/s/ Eric Mendelsohn

	  
	
Name:

	
Eric Mendelsohn

	  
	
Title:

	
SVP Corporate Development

	  

 

[Signature pages continue on next page]

 

 

  

  

  

 

LESSOR:

 

HCPI TRUST, a Maryland real estate investment trust,

HCP SH ELP1 PROPERTIES, LLC, a Delaware limited liability company,

HCP SH ELP2 PROPERTIES, LLC, a Delaware limited liability company,

HCP SH ELP3 PROPERTIES, LLC, a Delaware limited liability company,

HCP SH LASSEN HOUSE, LLC, a Delaware limited liability company,

HCP SH MOUNTAIN LAUREL, LLC, a Delaware limited liability company,

HCP SH MOUNTAIN VIEW, LLC, a Delaware limited liability company,

HCP SH OAKRIDGE, LLC, a Delaware limited liability company,

HCP SH RIVER VALLEY LANDING, LLC, a Delaware limited liability company, and

HCP SH SELLWOOD LANDING, LLC, a Delaware limited liability company

 

 

	
By:

	
/s/ Kendall K. Young

	  
	
Name: Kendall K. Young

	
Title: Executive Vice President

	  
	
HCP SENIOR HOUSING PROPERTIES TRUST, a Delaware statutory trust

	  
	
By: HCP Senior Housing Properties, LLC, its Managing Trustee

	  
	  
	
By:

	
/s/ Kendall K. Young

	  
	
Name: Kendall K. Young

	
Title: Executive Vice President

 

 

Signature Page to First Amendment to Master Lease and Security Agreement

 

 

  

  

  

 

EXHIBIT A-1

 

(List of Pool 1 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

[See attached.]

 

Exhibit A-1

 

 

 

EXHIBIT A-1

 

(List of Pool 1 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	
Lease Pool 1 Facilities

	  	  	  	  	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 
	 	 	  	  	  	  	  	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 
	 	555	 	
Azalea Gardens

	
100 Azalea Dr

	
Oxford

	
MS

	
HCP SH ELP1 Properties, LLC

	 	 	80	 	 	 	[	***]	
80-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	602	 	
Briarwood

	
4865 Main St

	
Springfield

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	126	 	 	 	[	***]	
4-unit cottage, 122-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
8 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	532	 	
Buckingham Estates

	
1824 Manchester Rd

	
Glastonbury

	
CT

	
HCP SH ELP1 Properties, LLC

	 	 	46	 	 	 	[	***]	
46-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	614	 	
Chandler Place

	
745 Dilworth Ln

	
Rock Hill

	
SC

	
HCP Senior Housing Properties Trust

	 	 	120	 	 	 	[	***]	
120-unit independent living and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	647	 	
Chesterley Court

	
1100 N 35th Ave

	
Yakima

	
WA

	
HCP SH ELP3 Properties, LLC

	 	 	14	 	 	 	[	***]	
14-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	648	 	
Chesterley Meadows

	
1100 N 35th Ave

	
Yakima

	
WA

	
HCP SH ELP1 Properties, LLC

	 	 	70	 	 	 	[	***]	
70-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
8 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	598	 	
Cougar Springs

	
1942 SW Canyon Dr

	
Redmond

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	88	 	 	 	[	***]	
2-unit cottage, 62-unit assisted living care, 24-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
8 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	540	 	
Courtyard Gardens

	
1000 River Centre Pl

	
Lawrenceville

	
GA

	
HCP SH ELP1 Properties, LLC

	 	 	48	 	 	 	[	***]	
36-unit assisted living care, 12-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	624	 	
Eden Estates

	
1997 Forest Ridge Dr

	
Bedford

	
TX

	
HCP SH ELP1 Properties, LLC

	 	 	126	 	 	 	[	***]	
63-unit independent living, 63-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	635	 	
Emerald Pointe

	
995 S Regency Rd

	
Cedar City

	
UT

	
HCP SH ELP1 Properties, LLC

	 	 	55	 	 	 	[	***]	
42-unit assisted living care, 13-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2028.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-1

 

(List of Pool 1 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	645	 	
Fishers Landing

	
17171 Southeast 22nd Dr

	
Vancouver

	
WA

	
HCP SH ELP1 Properties, LLC

	 	 	75	 	 	 	[	***]	
75-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	650	 	
Fox River

	
5800 Pennsylvania Ave

	
Appleton

	
WI

	
HCP SH ELP1 Properties, LLC

	 	 	80	 	 	 	[	***]	
62-unit assisted living care, 18-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	544	 	
Georgian Place

	
355 Millard Farmer Industrial Blvd

	
Newnan

	
GA

	
HCP SH ELP1 Properties, LLC

	 	 	54	 	 	 	[	***]	
32-unit independent living, 22-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	608	 	
Grayson View Selinsgrove

	
29 Grayson View Ct

	
Selinsgrove

	
PA

	
HCPI Trust

	 	 	81	 	 	 	[	***]	
73-unit assisted living care, 8-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
3 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	610	 	
Hawthorne Inn at Greenville

	
20 Hawthorne Park Ct

	
Greenville

	
SC

	
HCP Senior Housing Properties Trust

	 	 	52	 	 	 	[	***]	
39-unit assisted living care, 13-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	579	 	
Heritage Place

	
1380 N Heritage Ln

	
Tahlequah

	
OK

	
HCP SH ELP1 Properties, LLC

	 	 	39	 	 	 	[	***]	
39-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	604	 	
Lakeside

	
2201 N 3rd Ave

	
Stayton

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	62	 	 	 	[	***]	
62-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	605	 	
Lakeside Cottages

	
2201 N 3rd Ave

	
Stayton

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	12	 	 	 	[	***]	
12-unit cottage and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	618	 	
Legacy Crossing

	
910 Murfreesboro Rd

	
Franklin

	
TN

	
HCP SH ELP1 Properties, LLC

	 	 	124	 	 	 	[	***]	
124-unit independent living and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	616	 	
Lexington Gardens

	
190 McSwain Dr

	
West Columbia

	
SC

	
HCP Senior Housing Properties Trust

	 	 	72	 	 	 	[	***]	
72-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2028.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-1

 

(List of Pool 1 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	577	 	
Manchester House

	
2333 Manchester Dr

	
Oklahoma City

	
OK

	
HCP SH ELP3 Properties, LLC

	 	 	52	 	 	 	[	***]	
33-unit assisted living care, 19-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	599	 	
Manor House

	
3400 NW Edenbower Blvd

	
Roseburg

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	56	 	 	 	[	***]	
56-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	529	 	
Meadowlark

	
351 Bruce St

	
Yreka

	
CA

	
HCP SH ELP1 Properties, LLC

	 	 	72	 	 	 	[	***]	
58-unit assisted living care, 14-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	637	 	
Monroe House

	
46555 Harry Byrd Hwy

	
Sterling

	
VA

	
HCP SH ELP3 Properties, LLC

	 	 	70	 	 	 	[	***]	
70-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	560	 	
Northridge

	
5410 17th Ave

	
Kearney

	
NE

	
HCP SH ELP3 Properties, LLC

	 	 	113	 	 	 	[	***]	
73-unit independent living, 40-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	554	 	
Oak Tree Village

	
363 Jungermann Rd

	
Saint Peters

	
MO

	
HCP Senior Housing Properties Trust

	 	 	186	 	 	 	[	***]	
166-unit independent living, 20-unit cottage and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	523	 	
Peridot

	
211 Bradshaw Dr

	
Prescott

	
AZ

	
HCP SH ELP3 Properties, LLC

	 	 	102	 	 	 	[	***]	
102-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	620	 	
Remington House

	
640 Rock Springs Rd

	
Kingsport

	
TN

	
HCP SH ELP1 Properties, LLC

	 	 	50	 	 	 	[	***]	
50-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	606	 	
River Valley Landing

	
19200 SW 65Th Ave

	
Tualatin

	
OR

	
HCP SH River Valley Landing, LLC

	 	 	120	 	 	 	[	***]	
120-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	621	 	
Rose Terrace

	
6015 Primacy Pkwy

	
Memphis

	
TN

	
HCP SH ELP1 Properties, LLC

	 	 	48	 	 	 	[	***]	
48-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2028.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-1

 

(List of Pool 1 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	628	 	
Rosemont at Clearlake

	
14101 Bay Pointe Ct

	
Houston

	
TX

	
HCP SH ELP1 Properties, LLC

	 	 	91	 	 	 	[	***]	
67-unit assisted living care, 24-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	470	 	
Sequoia Springs

	
2401 Redwood Way

	
Fortuna

	
CA

	
HCP SH ELP3 Properties, LLC

	 	 	80	 	 	 	[	***]	
66-unit assisted living care, 14-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	661	 	
Sequoia Springs Cottages

	
2401 Redwood Way

	
Fortuna

	
CA

	
HCP SH ELP3 Properties, LLC

	 	 	21	 	 	 	[	***]	
21-unit cottage and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
8 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	632	 	
Spring Creek Gardens

	
6410 Old Orchard Dr

	
Plano

	
TX

	
HCP SH ELP1 Properties, LLC

	 	 	65	 	 	 	[	***]	
44-unit assisted living care, 21-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	578	 	
Statesman Club

	
10401 Vineyard Blvd

	
Oklahoma City

	
OK

	
HCP SH ELP2 Properties, LLC

	 	 	137	 	 	 	[	***]	
137-unit independent living and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	646	 	
Stonebridge

	
7900 Ne Vancouver Mall Dr

	
Vancouver

	
WA

	
HCP SH ELP1 Properties, LLC

	 	 	60	 	 	 	[	***]	
60-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	537	 	
Terrace at Riverstone

	
125 Riverstone Terrace

	
Canton

	
GA

	
HCP SH ELP3 Properties, LLC

	 	 	93	 	 	 	[	***]	
65-unit assisted living care, 28-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
8 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	528	 	
The Palms

	
100 Sterling Ct

	
Roseville

	
CA

	
HCP SH ELP1 Properties, LLC

	 	 	101	 	 	 	[	***]	
86-unit assisted living care, 15-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	603	 	
Woodside Village

	
4851 Main St

	
Springfield

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	53	 	 	 	[	***]	
53-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	 	 	
Total Lease Pool 1 Facilities (39 Properties)

	  	  	 	 	2,994	 	 	 	 	 	  	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	
Lease Pool 1 Potential Facility**

	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	587	 	
Hermiston Terrace

	
980 W Highland Ave

	
Hermiston

	
OR

	
HCP SH Hermiston Terrace, LLC

	 	 	57	 	 	 	[	***]	
57-unit assisted living care and such other uses necessary or incidental to such use

	
16 Years

	
10 Years

	
7 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2028.

 

** The foregoing facility listed under the heading “Lease Pool 1 Potential Facility” may be acquired by Lessor or an Affiliate of Lessor pursuant to the Purchase Agreement after the Commencement Date.  Such facility shall not constitute a “Facility” or be included in the “Leased Property” unless and until this Lease is amended in accordance with the provisions of Section 45.1.20.3 to include such facility in the “Leased Property”.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Oxford, Emeritus at)

(Azalea Gardens)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF LAFAYETTE, STATE OF MISSISSIPPI, AND IS DESCRIBED AS FOLLOWS:

 

A tract of land in the Northwest Quarter (NW 1/4) of Section 4, Township 9 South, Range 3 West, City of Oxford, Lafayette County, Mississippi, and being more particularly described as follows:

 

Beginning at a 1/2” rebar found located 8,294.09 feet South and 268.42 feet east of a concrete monument marking the Northwest Corner of the Southwest Quarter of Section 28, Township 8 South, Range 3 West; run thence due East for a distance of 520.58 feet to a 1/2” rebar found; run thence S 32° 19’02” E for a distance of 27.57 feet to a 1/2” rebar found; run thence S 53° 36’ 58” W for a distance of 32.08 feet to a 1/2” rebar found; run thence S 36° 23’ 02” E for a distance of 5.00 feet to a 1/2” rebar found; run thence S 57° 40’ 58” W for a distance of 108.35 feet to a 1/2” rebar found; run thence S 32° 19’ 02” E for a distance of 180.30 feet to a 1/2” rebar found; run thence due South for a distance of 52.73 feet to a 1/2” rebar found; run thence S 14° 04’ 20” W for a distance of 106.93 feet to a 1/2” rebar found; run thence due South for a distance of 105.01 to a 1/2” rebar found; run thence N 89° 22’ 31” W for a distance of 493.05 feet to 1/2” rebar found; run thence N 00° 11’ 42” E for a distance of 512.74 feet to the Point of Beginning of the herein described tract of land, said tract contains 5.81 acres, more or less.

 

Together with a perpetual right-of-way with the right to erect, construct, install, and thereafter use, operate, repair, maintain, replace a roadway and the necessary appurtenances thereto, together with the right of ingress and egress for the purposes for which the above mentioned rights are granted, on, over and across the following described property situated in Lafayette County, Mississippi, to-wit:

 

A tract of land being located in the Southwest Quarter (SW 1/4) of Section 33, Township 8 South, Range 3 West, and in the Northwest Quarter of Section 4, Township 9 South, Range 3 West, City of Oxford, Lafayette County, Mississippi, and being more particularly described as follows:

 

Beginning at a point being located 7,047.32 feet south and 2,149.92 feet east of a concrete monument marking the Northwest Corner of the Southwest Quarter of Section 28, township 8 South, Range 3 West, run thence S 08° 36’ 53” E for a distance of 98.84 feet to a point; run thence S 25° 11’ 50” W for a distance of 143.27 feet to a point on a curve to the right; run thence along said circular curve for a distance of 491.67 feet, with a radius of 506.92 feet, said curve having a chord bearing of S 52° 59’ 01” W and a chord distance of 472.62 feet to a point; run thence S 80° 46’ 10” W for a distance of 99.29 feet to a point on a circular curve to the left; run thence along said curve for a distance of 247.20 feet with a radius of 282.57 feet, said curve having a chord bearing of S 55° 42’ 26” W and a chord distance of 239.40 feet to a point; run thence S 30° 38’ 43” W for a distance of 157.39 feet to a point on a circular curve to the right; run thence along said circular curve for a distance of 281.64 feet with a radius of 702.50 feet, said curve having a chord bearing of S 42° 07’ 51” W and a chord distance of 279.76 feet to a point; run thence S 53° 36’ 58” W for a distance of 445.85 feet to a found 1/2” rebar, said point being the northeast corner of a 5.81 acre tract; run thence N 32° 19’ 02” W for a distance of 27.57 feet to a found 1/2” rebar; run thence due west for a distance of 46.36 feet to a point; run thence N 53° 36’ 58” E for a distance of 481.22 feet to a point on a circular curve to the left; run thence along said circular curve for a distance of 259.59 feet with a radius of 647.50 feet, said curve having a chord bearing of N 42° 07’ 51” E and a chord distance of 257.86 feet to a point; run thence N 30° 38’ 43” E for a distance of 157.39 feet to a point on a circular curve to the right, run thence along said circular curve for a distance of 295.32 feet with a radius of 337.57 feet, said curve having a chord bearing of N 55° 42’26” E and a chord distance of 285.99 feet to a point; run thence N 80° 46’ 10” E for a distance of 99.29 feet to a point on a circular curve to the left; run thence along said circular curve for a distance of 438.33 with a radius of 451.92 feet, said curve having a chord bearing of N 52° 59’ 01” E

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Oxford, Emeritus at)

(Azalea Gardens)

 

and a chord distance of 421.35 feet to a point; run thence N 25° 11’ 50” E for a distance of 225.39 feet to the point of beginning, said tract contains 2.40 acres, more or less, within the herein described easement.

 

LESS AND EXCEPT:

 

A parcel of land in the Northwest Quarter (NW 1/4) of Section 4, Township 9 South, Range 3 West, City of Oxford, Lafayette County, Mississippi, and being more particularly described as follows:

 

Beginning at a point located 8,294.08 feet South and 788.80 feet East of a concrete monument marking the Northwest Corner of the Southwest Quarter (SW 1/4) of Section 28, Township 8 South, Range 3 West; run thence S 32° 19’ 02” E for a distance of 27.57 feet to a 1/2” rebar set; run thence S 53° 36’ 58” W for a distance of 32.08 feet to a 1/2” rebar set; run thence S 36° 23’02” E for a distance of 5.00 feet to a 1/2” rebar set; run thence S 57° 40’ 58” W for a distance of 21.85 feet to a 1/2” rebar set on a curve to the right; run thence along said curve to the right, said curve having a radius of 48.00 feet and an are length of 75.52 feet, a chord bearing of N 31° 27’ 11” W with a chord length of 67.97 feet to a 1/2” rebar set; run thence N 89° 56’ 58” E for a distance of 62.05 feet to the Point of Beginning of the herein described parcel of land, said parcel contains 0.07 acres of land, more or less.

 

AND ALSO DESCRIBED AS PER SURVEY:

 

A parcel of land lying in the Northwest Quarter of Section 4, Township 9 South, Range 3 West, City of Oxford, Lafayette County, Mississippi, and being more particularly described as follows:

 

Commence at the Northwest corner of the Southwest Quarter of Section 28, Township 8 South, Range 3 West, said Lafayette County; thence East 268.42 feet to a point; thence South 8294.09 feet to a 5/8” capped rebar set (SMW LS 02859) and the Point of Beginning; thence S 89° 29’ 22” E along the southerly line of Lots 2-6 and Lot A of The Azaleas P.U.D. Phase III, Part I as recorded in Plat Cabinet B, Sheet 15 in the Chancery Clerks Office for said Lafayette County, for a distance of 458.49 feet to a 5/8” capped rebar set (SMW LS 02859); thence along the westerly right-of-way line of the cul-de-sac of Azalea Drive with a curve to the left having an arc length of 75.61 feet, a  radius of 48.00 feet, and a chord bearing and distance of S 30° 56’ 33” E for 68.03 feet to a 1/2” rebar found; thence leaving said westerly right-of-way line S 58° 11’ 36” W for a distance of 86.54 feet to a 5/8” capped rebar set (SMW LS 02859); thence S 31° 42’ 24” E along the westerly line of Lots 12-15 of Azalea Cove as recorded in Plat Cabinet B, Sheet 16 in the Chancery Clerks Office for said Lafayette County, for a distance of 180.86 feet to a 5/8” capped rebar set (SMW LS 02859); thence S 00° 30’ 38” W for a distance of 52.07 feet to a 1/2” rebar found at the southwest corner of said Lot 12; thence S 14° 34’ 58” W for a distance of 106.93 feet to a 5/8” capped rebar set (SMW LS 02859); thence S 00° 30’ 38” W along the westerly line of Lot 10 of said Azalea Cove for a distance of 105.01 feet to a 5/8” capped rebar set (SMW LS 02859) at the southwest corner of said Lot 10; thence N 88° 51’ 53” W for a distance of 493.05 feet to a 5/8” capped rebar set (SMW LS 02859); thence N 00° 42’ 20” E for a distance of 512.74 feet to the Point of Beginning. Said described parcel of land contains 5.78 acres, more or less.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Springfield - The Briarwood, Emeritus at)

(Briarwood)

 

Parcel 1, of LAND PARTITION PLAT NO. 99-P1265, Lane County Oregon Plat Records, in Lane County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Buckingham Estates Memory Care Community)

 

	  	
Address:

	
1824 Manchester Road

	  	
City/Town:

	
Glastonbury

	  	
County:

	
Hartford

	  	
State:

	
CT

 

A certain piece or parcel of land, with the buildings and improvements thereon and appurtenances thereto, located on the southerly side of Manchester Road (Conn. Rte. 83) in the Town of Glastonbury, County of Hartford and State of Connecticut, shown as “Parcel B Area” on a map or plan entitled “ALTA/ACSM Land Title Survey Development Plan for Parcels A, B, and C Prepared for ALS - Northeast LLC Glastonbury, Conn. Date: 5-25-99 Scale: 1’ = 80’ Map No. 109-97-1Y”, revised 8-5-99, made by Megson & Heagle, Civil Engineers & Land Surveyors, which map is on file in the Glastonbury Town Clerk’s Office as Map #6088A. Said Parcel B is more particularly described as follows:

 

Beginning at a point in the southerly street line of Manchester Road located 315.98 feet southwesterly of a highway monument, said point marks the northeasterly corner of land shown as “Parcel A” on said map, and the northwesterly corner of the parcel herein described; thence running N 81° 13’ 20” E for a distance of 315.98 feet to a point marked by said monument; thence running along a curve to the right with a central angle of 00° 50’ 51”, a radios of 3567.00 feet for a distance of 52.76 feet to a point, the last two courses being along the street line of Manchester Read; thence running S 23° 00’ 00” W for a distance of 58.44 feet to a point; thence running S 10° 55’ 25” E for a distance of 76.65 feet to a point; thence running S 33° 15’ 00” E for a distance of 519.81 feet to a point; thence running S 13° 17’ 35” E for a distance of 424.59 feet to a point; thence running S 71° 15’ 40” W for a distance of 15.37 feet to a point; thence running S 79° 10’ 20” W for a distance of 195.21 feet to a point; thence running S 88° 44’ 10” W for a distance of 96.50 feet to a point, the last seven courses being along land shown as “Parcel C” on said map; thence running N 84° 40’ 30” W along land shown as “Parcel C” and land shown as “Parcel A” on said map, in part by each, for a distance of 343.94 feet to a point; thence running N 07° 03’ 00” W for a distance of 634.60 feet to a point; thence running N 07° 40’ 20” W for a distance of 166.68 feet to a point; thence running N 16° 30’ 00” E for a distance of 61.05 feet to a point; thence N 07° 40’ 20” W for a distance of 80.12 feet to the point or place of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chandler Place Retirement Community)

 

Real property in the City of Rock Hill, County of York, State of South Carolina, described as follows:

 

ALL THOSE CERTAIN PIECES, PARCELS OR TRACTS OF LAND, WITH ANY IMPROVEMENTS THEREON, SITUATE, LYING, AND BEING LOCATED IN THE CITY OF ROCK HILL, COUNTY OF YORK, STATE OF SOUTH CAROLINA, BEING SHOWN AND DESIGNATED AS THE “DEVELOPMENT PARCEL” CONTAINING 4.24 ACRES, 184,852 SQUARE FEET, AND THE “60’ ACCESS EASEMENT PARCEL” CONTAINING 0.60 ACRES, 26,219 SQUARE FEET, ON A PLAT PREPARED FOR CHANDLER PLACE AT ROCK HILL LIMITED PARTNERSHIP BY FISHER-SHERER, INC., DATED APRIL 16, 2002, AND LAST REVISED MAY 9, 2002, AND RECORDED IN THE OFFICE OF THE CLERK OF COURT FOR YORK COUNTY IN PLAT BOOK C-67 AT PAGE 1, AND HAVING THE FOLLOWING. METES, BOUNDS, COURSES, DISTANCES AND DIRECTIONS AS SHOWN ON SAID PLAT, WHICH PLAT IS INCORPORATED HEREIN BY REFERENCE, TO-WIT:

 

DEVELOPMENT PARCEL:

BEGINNING AT THE POINT OF THE RIGHTS-OF-WAY INTERSECTION FOR RAGIN LANE AND INDIA HOOK ROAD, BEING THE POINT OF COMMENCEMENT (P. O. C), AND PROCEEDING S53°02’11”E ALONG RAGIN LANE FOR A DISTANCE OF 193.90 FEET TO A NEW 5/8” IRON PIN SET DESIGNATED AS THE P.O.B. (POINT OF BEGINNING) AND LOCATED AT THE NORTHERN CORNER OF THE SUBJECT PROPERTY ON THE SOUTHERN SIDE OF THE RIGHT-OF-WAY FOR RAGIN LANE; AND THEN RUNNING S60°39’23”E ALONG THE RIGHT-OF-WAY OF RAGIN LANE FOR A DISTANCE OF 447.18 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING S27°31’44”W ALONG PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., AND PROPERTY DESIGNATED AS TRACT 2 NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 279.55 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING S59°27’15”E ALONG THE SAID PROPERTY DESIGNATED AS TRACT 2 NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 40.76 FEET TO AN EXISTING 5/8” IRON PIN POUND; THEN TURNING AND RUNNING S31°39’47”W ALONG PROPERTY DESIGNATED AS TRACT 2 NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 128.31 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING N64°16’47”W ALONG SAID PROPERTY DESIGNATED AS TRACT 2 NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 86.26 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING S39°18’39”W ALONG SAID PROPERTY DESIGNATED AS TRACT 2 NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 21.06 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG 60’ ACCESS EASEMENT PARCEL FOR A CHORD BEARING OF N69°22’25’W AND A CHORD DISTANCE OF 190.11 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF N43°44’18”E AND A CHORD DISTANCE OF 22.95 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG THE SAID PROPERTY NOW OR FORMERLY OF

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chandler Place Retirement Community)

 

CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF N15° 17’ 21” E AND A CHORD DISTANCE OF 42.28 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG THE SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF N19° 24’ 09” W AND A CHORD DISTANCE OF 26.38 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING N60° 39’ 23” W ALONG THE SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 83.96 FEET TO A NEW 5/8” IRON PIN SET; THEN TURNING AND RUNNING IN A CURVED LINE ALONG THE SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF N15° 39’ 23” W AND A CHORD DISTANCE OF 21.21 FEET TO A NEW 5/8” IRON PIN SET; THEN TURNING AND RUNNING N29° 20’ 37” E ALONG THE SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 28.17 FEET TO A NEW 5/8” IRON PIN SET; THEN TURNING AND RUNNING N60° 39’ 23” W ALONG THE SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 89.81 FEET TO A NEW 5/8” IRON PIN SET; THEN TURNING AND RUNNING N29° 12’ 42” E ALONG THE SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 73.59 FEET TO AN EXISTING 1” IRON PIPE FOUND; THEN CONTINUING N29° 12’ 42” E ALONG PROPERTY NOW OR FORMERLY OF DENNIS W. HARRINGTON FOR A DISTANCE OF 266.08 FEET TO A NEW 5/8” IRON PIN SET, BEING THE POINT OF BEGINNING (P.O.B.); BE ALL MEASUREMENTS A LITTLE MORE OR LESS.

 

AND

 

60’ ACCESS EASEMENT PARCEL:

BEGINNING AT THE POINT OF THE RIGHTS-OF-WAY INTERSECTION FOR INDIA HOOK ROAD AND HEATHRIDGE ROAD, BEING THE POINT OF COMMENCEMENT (P.O.C.), AND PROCEEDING N08° 07’ 23” E ALONG INDIA HOOK ROAD FOR A DISTANCE OF 63.81 FEET TO AN EXISTING 5/8” IRON PIN FOUND DESIGNATED AS THE P.O.B. (POINT OF BEGINNING) AND LOCATED AT THE NORTHWESTERN MOST CORNER OF THE SUBJECT PROPERTY ON THE EASTERN SIDE OF THE RIGHT-OF-WAY OF INDIA HOOK ROAD; THEN TURNING AND RUNNING IN A CURVED LINE ALONG PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF S75° 02’ 29” E AND A CHORD DISTANCE OF 28.34 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING N59° 50’ 13” E ALONG SAID PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 27.12 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THENCE TURNING AND RUNNING IN A CURVED LINE ALONG PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF N67° 33’ 14” E AND A CHORD DISTANCE OF 48.34 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING N75° 16’ 15” E ALONG PROPERTY NOW FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 163.27 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG PROPERTY NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A CHORD BEARING OF N77° 00’ 34” E AND A CHORD DISTANCE OF 10.93 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG THE DEVELOPMENT PARCEL FOR A CHORD BEARING OF S69° 22’ 25” E AND A CHORD DISTANCE OF 190.11 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING S39° 18’ 39” W ALONG PROPERTY DESIGNATED AS TRACT 2 NOW OR FORMERLY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., FOR A DISTANCE OF 62.50 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG PROPERTY NOW OR FORMERLY OF SPRING ARBOR-ROCK HILL FOR A CHORD BEARING OF N67° 42’ 03” W AND A CHORD DISTANCE OF 144.54 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND, RUNNING S75° 16’ 15” W ALONG SAID PROPERTY NOW OR FORMERLY OF SPRING ARBOR-ROCK HILL FOR A DISTANCE 163.27 FEET TO AN EXISTING

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chandler Place Retirement Community)

 

5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG SAID PROPERTY NOW OR FORMERLY OF SPRING ARBOR-ROCK HILL FOR A CHORD BEARING OF S67° 33’ 14” W AND A CHORD DISTANCE OF 32.23 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING S59 °50’ 13” W ALONG SAID PROPERTY NOW OR FORMERLY OF SPRING ARBOR-ROCK HILL FOR A DISTANCE OF 27.53 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING IN A CURVED LINE ALONG SAID PROPERTY NOW OR FORMERLY OF SPRING ARBOR-ROCK HILL FOR A CHORD BEARING OF S14° 57’ 17” W AND A CHORD DISTANCE OF 28.23 FEET TO AN EXISTING 5/8” IRON PIN FOUND; THEN TURNING AND RUNNING N29° 55’ 40” W ALONG THE RIGHT-OF-WAY OF INDIA HOOK ROAD FOR A DISTANCE OF 100.00 FEET TO AN EXISTING 5/8” IRON PIN FOUND, BEING THE POINT OF BEGINNING (P.O.B.); BE ALL MEASUREMENTS A LITTLE MORE OR LESS.

	
  

	
 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chesterley Court Memory Care Community)

 

The North 30 feet of the South 428 feet of the East 306.83 feet of Tract 11, NATCHES ORCHARD TRACTS, recorded in Volume “A” of Plats, page 69, records of Yakima County, Washington.

 

AND the East 145 feet of the North 130.67 feet of Lot 2 of Short Plat recorded in Book “H” of Short Plats, page 4, under Auditor’s File Number 2430471, records of Yakima County, Washington.

 

AND THE South 50.2 feet of the East 145 feet of Lot 5 of the Short Plat filed under Auditor’s File Number 7207996, records of Yakima County, Washington;

 

ALSO more particularly described as follows:

 

Commencing at the Northeast corner of Lot 5 of Short Plat filed under Auditor’s File Number 7207996, records of Yakima County, Washington;

thence along the East line of said Lot 5, South 00°06’29” West, a distance of 203.83 feet to the point of beginning;

thence South 00o06’29” East 50.20 feet;

thence South 00o13’41” West 100.67 feet;

thence South 89o25’05” East 306.83 feet;

thence South 00o13’41” West 30.00 feet;

thence North 89o25’05” West 306.83 feet;

thence North 89o16’59” West 145.00 feet;

thence North 00o13’41” West 130.67 feet;

thence North 00o06’29” West 50.20 feet;

thence South 89o16’59” East 145.00 feet to the point of beginning.

 

Situated In Yakima County, State of Washington.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chesterley Meadows)

 

EXHIBIT A

 

Description of Parcel A

 

Lots 1, 2, 3, and 4 of Short Plat recorded under Auditor’s File Number 7207996, records of Yakima County, Washington;

 

TOGETHER WITH that portion of North 35th Avenue, vacated under Ordinance No. 2007-28 and filed under Auditor’s File Number 7592083.

 

Situated in Yakima County, State of Washington.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chesterley Meadows)

 

EXHIBIT B

 

Description of Parcel B

 

Lot 5 of City of Yakima Short Plat recorded March 21, 2001 under Recording No. 7207996, in Yakima County, Washington.

 

Except the South 50.2 feet of the East 145 feet thereof conveyed to Central Washington Senior Care, L.L.C. by deed recorded December 30, 2002 under Recording No. 7309549 and re-recorded January 9, 2003 under Recording No. 7311284.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chesterley Meadows)

 

EXHIBIT C

 

Description of Easement Area

 

The right-of-way of North 35th Avenue as shown on the City of Yakima short plat (Parcel No. 181315-14412), AF No. 1207996, recorded March 21, 2001.

 

COMMENCING at the Northwest corner of Lot 1 as shown on the City of Yakima Short Plat (Parcel No. 181314-14412), AF No. 1207996, North 90o0’00” East, 113.7 feet to the most Northwesterly corner of North 35th Avenue right-of-way and the POINT OF BEGINNING;

 

thence South 44o55’56” East 42.38 feet;

thence South 00o08’08” West 450.70 feet;

thence South 45o24’17” West, 20.39 feet to the intersecting corner of Lot 4 and Lot 5;

thence South 00o08’08” West 12.45 feet;

thence South 45o00’00” East 28.00 feet;

thence South 89o16’59” East 36.99 feet;

thence North 45o00’00” East 32.11 feet;

thence North 00o08’08” East, 9.01 feet to the intersecting corner of Lot 5 and Lot 3;

thence North 44o33’45” West 21.32 feet;

thence North 00o08’08” East 450.84 feet;

thence North 45o04’04” East 42.46 feet;

thence South 90o00’00” West 110.00 feet to the POINT OF BEGINNING.

 

Containing 0.642 acres, more or less.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cougar Springs Assisted Living Community, Emeritus at)

 

Parcel Two (2) of Partition Plat No. 2002-11, filed January 29, 2002, in Partition Cabinet 2, Page 243, Deschutes County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cougar Springs Memory Care Community, Emeritus at)

 

Parcel Two (2) of Partition Plat No. 2002-11, filed January 29, 2002, in Partition Cabinet 2, Page 243, Deschutes County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Courtyard Gardens Assisted Living and Memory Care Community)

 

A parcel of land lying in and being part of Land Lot 33 of the 7th Land District of Gwinnett County, Georgia, and being more particularly described as follows:

 

Commencing at the intersection of the Southerly right-of-way line of Riverside Parkway, a 100-foot right-of-way, with the line common to Land Lot 32 and Land Lot 33; thence, on last said line, South 08 degrees 39 minutes 49 seconds West, 1362.61 feet to the point of beginning and a point on a curve, said point having a radial bearing of South 46 degrees 18 minutes 53 seconds East and being on the cul-de-sac of River Centre Place, a 40-foot easement for ingress, egress and utilities; thence, on the line of said cul-de-sac, around and along a curve to the left, said curve having a radius of 45.00 feet and a central angle of 110 degrees 00 minutes 55 seconds, an arc distance of 86.41 feet (South 11 degrees 19 minutes 21 seconds East, 73.73 feet, chord bearing and distance) to a point on said curve; thence, radial to last said curve, South 23 degrees 40 minutes 25 seconds West, 288.11 feet; thence, South 05 degrees 00 minutes 04 seconds, 80.40 feet to the Northerly right-of-way line of State Highway No. 120, a right-of-way of varied width as now established; thence, on said Northerly right-of-way line, South 84 degrees 59 minutes 56 seconds West, 18.12 feet to a point of curvature; thence, continue on said Northerly right-of-way line, around and along a curve to the left, said curve having a radius of 5799.58 feet and a central angle of 00 degrees 12 minutes 58 seconds, an arc distance of 21.88 feet (South 84 degrees 53 minutes 27 seconds West, 21.88 feet, chord bearing and distance) to a point on said curve; thence, North 05 degrees 00 minutes 04 seconds West, 65 feet, more or less, to the centerline of Yellow River; thence, Westerly, Northerly, Easterly by and along said centerline of Yellow River and following the meandering thereof, 1114 feet, more or less to a point which bears North 46 degrees 19 minutes 10 seconds west from the point of beginning; thence, South 46 degrees 19 minutes 10 seconds East, 367 feet, more or less, to the point of beginning.

 

Said parcel being 5.17 acres (225.205 Square Feet), more or less, in area.

 

Together with a non-exclusive, perpetual easement for ingress, egress and utilities over and upon the following described lands:

 

From the above described point of beginning and on the cul-de-sac of River Centre Place, around and along a curve to the right, said curve having radius of 45.00 feet and a central angle of 108 degrees 02 minutes 02 seconds, an arc distance of 84.85 feet (South 82 degrees 17 minutes 52 seconds East, 72.8 feet, chord bearing and distance) to a point of reverse curve; thence, around and along a curve to the left, said curve having a radius of 15.00 feet and a central angle of 54 degrees 18 minutes 53 seconds, an arc distance of 14.22 feet (South 55 degrees 26 minutes 18 seconds East, 13.69 feet, chord bearing and distance) to a point of tangency; thence, south 82 degrees 35 minutes 44 seconds East, 353.71 feet to a

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Courtyard Gardens Assisted Living and Memory Care Community)

 

point of curvature; thence, around and along a curve to the left, said curve having a radius of 100.00 feet and a central angle of 54 degrees 37 minutes 06 seconds, an arc distance of 95.33 feet (North 70 degrees 05 minutes 43 seconds East, 91.76 feet, chord bearing and distance) to a point of tangency; thence, North 42 degrees 47 minutes 10 seconds East, 6.47 feet to a point of curvature; thence, around and along a curve to the left, said curve having a radius of 20.00 feet and a central angle of 93 degrees 50 minutes 01 second, an arc distance of 32.75 feet (North 04 degrees 07 minutes 51 seconds) West; 29.21 feet, chord bearing and distance) to a point on the Southwesterly right-of-way line of McKendree Church Road, a 60-foot right-of-way as now established, and a point on a curve, said point having a radial bearing of South 38 degrees 57 minutes 09 seconds West; thence, on said Southwesterly right-of-way line, around and along a curve to the right, said curve having a radius of 424.00 feet and a central angle of 11 degrees 22 minutes 13 seconds, an arc distance of 84.14 feet (South 45 degrees 21 minutes 45 seconds East; 84.00 feet chord bearing and distance) to a point on said curve; thence, around and along a curve to the left, said curve having a radius of 20.00 feet and a central angle of 97 degrees 32 minutes 12 seconds, an arc distance of 34.05 feet (North 88 degrees 26 minutes 44 seconds West, 30.08 feet, chord bearing and distance) to a point of tangency; thence South 42 degrees 47 minutes 10 seconds West, 3.88 feet to a point of curvature; thence, around and along a curve to the right, said curve having a radius of 140.00 feet and a central angle of 54 degrees 37 minutes 06 seconds, an arc distance of 133.46 feet (South 70 degrees 05 minutes 43 seconds West, 128.46 feet, chord bearing and distance) to a point of tangency; thence, North 82 degrees 35 minutes 44 seconds West, 353.71 feet to a point of curvature; thence, around and along a curve to the left, said curve having a radius of 15.00 feet and a central angle of 54 degrees 18 minutes 53 seconds, an arc distance of 14.22 feet (South 70 degrees 14 minutes 50 seconds West, 13.69 feet, chord bearing and distance) to a point of reverse curve; thence, around and along curve to the right, said curve having a radius of 45.00 feet and a central angle of 180 degrees 35 minutes 44 seconds, an arc distance of 141.84 feet (North 46 degrees 36 minutes 45 seconds West, 90.00 feet, chord bearing and distance) to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Eden Estates, Emeritus at)

 

Tract 1

 

Lot 1, Block 1 of Sherwood Gardens, an addition to the City of Bedford, Tarrant County, Texas, according to the plat thereof recorded in Cabinet A, Page 2693, Plat Records, Tarrant County, Texas.

 

Tract 2 (Easement Estate)

 

Those easement rights created in that certain Reciprocal Access Easement Agreement executed by and between Edengardens-Bedford, L.P. and K & K Properties dated September 26, 2002, filed for record November 8, 2002 and recorded in Volume 16127, Page 176, Deed Records, Tarrant County, Texas.

 

 

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Emerald Pointe, Emeritus at)

 

Situated in the County of Iron, State of Utah:

 

Beginning at a point North 89°25’24” East along the Section line 1358.89 feet and South 00°48’43” East along the 1/16 Section line 1341.29 feet and North 90°00’00” East 49.19 feet from the Northwest corner of Section 22, Township 36 South, Range 11 West, Salt Lake Base and Meridian (said point being on the East R.O.W. line of Regency Road) and running thence North 24°28’19” East along said R.O.W. line 423.96 feet; thence 149.13 feet along the arc of a curve to the right through a central angle of 68°21’18” and radius of 125.00 feet; thence South 87°10’22” East 80.14 feet; thence 25.03 feet along the arc of a curve to the right through a central angle of 95°35’21” and radius of 15.00 feet to the West R.O.W. line of Bentley Boulevard; thence South 08°24’59” West along said R.O.W. line 190.74 feet; thence 245.42 feet along the arc of a curve to the right through a central angle of 30°06’35” and radius of 467.00 feet; thence South 38°31’34” West 191.03 feet; thence departing said R.O.W. line North 51°28’26” West 189.51 feet to the East R.O.W. line of Regency Road; thence Northeasterly along said R.O.W. line a distance of 5.24 feet along the arc of a non tangent curve to the right (chord bears North 23°18’16”. East 5.24 feet) through a central angle of 02°00’06” and radius of 150.00 feet to the point of beginning.

 

Informational Note: Tax Parcel No.: B-1135-0077-0022

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Fisher’s Landing, Emeritus at)

 

THE LAND REFERRED TO HEREIN IS SITUATED IN THE COUNTY OF Clark, STATE OF Washington, AND IS DESCRIBED AS FOLLOWS:

 

PARCEL I

 

Lot 1 as described in and delineated on that Short Plat recorded July 22, 1999 in Book 3 of Short Plats, Page 300, and under Auditor’s File No. 3132389, records of Clark County, Washington; being a portion of the Northeast quarter of Section 1, Township 1 North, Range 2 East and the Northwest quarter of Section 6, Township 1 North, Range 3 East of the Willamette Meridian, Clark County, Washington.

 

PARCEL II

 

The Easement Rights contained within the Declaration of Covenants, Conditions and Restrictions for Fisher’s Landing Towncenter Commercial recorded December 20, 1989 under Auditor’s File No. 8912200128, records of Clark County, Washington.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Fox River Assisted Living & Memory Care Community)

 

Unit One (1) together with said unit’s undivided interest in the master common elements (and the exclusive use of the limited common elements appurtenant to said unit) all in GEORGETOWNE PLACE Condominium per Condominium Plat as set forth in the Declaration, hereinafter described, being a condominium created under the Condominium Ownership Act of the State of Wisconsin by a “Declaration of Condominium for GEORGETOWNE PLACE Condominium”, recorded in the Office of the Register of Deeds for Outagamie County, Wisconsin, September 25, 1997, as Document No. 1242108, and by First Amendment to Master Declaration recorded on October 6, 1998 as Document No. 1293091 and by Addendum to Master Declaration of Condominium for Georgetowne Place Condominium in the Town of Grand Chute, Outagamie County, Wisconsin dated September 26, 2003 and recorded October 2, 2002 at 1: 00 PM as Document No. 1580056, said Condominium being located in the Town of Grand Chute, County of Outagamie, State of Wisconsin on the real estate described in said Declaration and incorporated herein by this reference thereto.

 

Together with all appurtenant rights, title and interests, including (without limitation):

 

	
  

	
a)             the undivided percentage interest in all Common Elements as specified of such Unit in the aforementioned Declaration:

b)             the right to use of the areas and/or facilities, if any, specified in the aforementioned Declaration as Limited Common Elements for such Unit and

c)              membership in the GEORGETOWNE PLACE Owner’s Association, (hereafter the “Owner’s Association”), as provided for in the aforementioned Declaration and in any Articles of Incorporation and/or Bylaws for such Owner’s Association.

 

THE FOLLOWING IS FOR INFORMATIONAL PURPOSES ONLY:

Tax Parcel Number: 103-050100

Property Address: 5800 Pennsylvania Ave., Appleton, WI 54914

 

 

  

  

  

 

(Georgian Place)

 

TRACT A LEGAL DESCRIPTION:

 

ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 73 OF THE 5TH DISTRICT, CITY OF NEWNAN, COWETA COUNTY, GEORGIA, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCE AT A POINT WHERE THE WEST LINE OF LAND LOT 73 INTERSECTS THE ORIGINAL NORTHERLY RIGHT-OF-WAY OF MILLARD FARMER INDUSTRIAL BOULEVARD; THENCE FOLLOWING SAID ORIGINAL NORTHERLY RIGHT-OF-WAY AND THE CURVATURE THEREOF A DISTANCE OF 146.45 FEET TO A CONCRETE RIGHT-OF-WAY MARKER, SAID ARC BEING SUBTENDED BY A CHORD BEARING NORTH 68°46’12” EAST A DISTANCE OF 146.36 FEET AND A RADIUS OF 1209.71 FEET; THENCE CONTINUING ALONG SAID ORIGINAL NORTHERLY RIGHT-OF-WAY NORTH 65°49’12” EAST A DISTANCE OF 760.64 FEET TO A POINT; THENCE NORTH 01°55’16” WEST, A DISTANCE OF 51.28 FEET TO A POINT ON THE PRESENT NORTHERLY OF MILLARD FARMER INDUSTRIAL BOULEVARD (85 FEET TO CENTERLINE) AND THE TRUE POINT OF BEGINNING; THENCE NORTH 01°55’16” WEST A DISTANCE OF 45.12 FEET TO A 1/2 INCH REBAR FOUND; THENCE NORTH 16°57’05” WEST A DISTANCE OF 752.70 FEET TO A 1/2 INCH REBAR FOUND; THENCE NORTH 53°10’40” EAST A DISTANCE OF 44.59 FEET TO A 1/2 INCH CRIMP TOP FOUND; THENCE SOUTH 87°30’17” EAST A DISTANCE OF 570.53 FEET TO A 1/2 INCH REBAR FOUND; THENCE SOUTH 17°43’28” WEST A DISTANCE OF 169.90 FEET TO A 1/2 INCH CRIMP TOP FOUND; THENCE SOUTH 27°39’55” WEST A DISTANCE OF 497.00 FEET TO A 1/2 INCH CRIMP TOP FOUND; THENCE SOUTH 04°43’07” EAST A DISTANCE OF 115.17 FEET TO A POINT ON THE NORTHERLY OF MILLARD FARMER INDUSTRIAL BOULEVARD; THENCE ALONG SAID RIGHT-OF-WAY SOUTH 65°48’24” WEST, A DISTANCE OF 122.45 FEET TO A POINT, BEING THE TRUE POINT OF BEGINNING.

 

SAID TRACT CONTAINING A TOTAL OF 5.899 ACRES OR 256972 SQUARE FEET OF LAND AND SHOWN AS TRACT A.

 

TRACT B LEGAL DESCRIPTION:

 

ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 73 OF THE 5TH DISTRICT, CITY OF NEWNAN, COWETA COUNTY, GEORGIA, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCE AT A POINT WHERE THE WEST LINE OF LAND LOT 73 INTERSECTS THE ORIGINAL NORTHERLY RIGHT-OF-WAY OF MILLARD FARMER INDUSTRIAL BOULEVARD; THENCE FOLLOWING SAID ORIGINAL NORTHERLY RIGHT-OF-WAY AND THE CURVATURE THEREOF A DISTANCE OF 146.45 FEET TO A CONCRETE RIGHT-OF-WAY MARKER, SAID ARC BEING SUBTENDED BY A CHORD BEARING NORTH 68°46’12” EAST A DISTANCE OF 146.36 FEET AND A RADIUS OF 1209.71 FEET; THENCE CONTINUING ALONG SAID ORIGINAL NORTHERLY RIGHT-OF-WAY NORTH 65°49’12” EAST A DISTANCE OF 760.64 FEET TO A POINT; THENCE NORTH 24°12’55” WEST, A DISTANCE OF 29.45 FEET TO A POINT ON THE PRESENT NORTHERLY OF MILLARD FARMER INDUSTRIAL BOULEVARD (67 FEET TO CENTERLINE) AND THE TRUE POINT OF BEGINNING; THENCE NORTH 24° 12’55” WEST A DISTANCE OF 200.53 FEET TO A 1/2 INCH REBAR FOUND; THENCE NORTH 63°30’06” WEST A DISTANCE OF 180.04 FEET TO A 1/2 INCH REBAR FOUND; THENCE NORTH 29°52’20” WEST A DISTANCE OF 390.13 FEET TO A 1/2 INCH REBAR FOUND; THENCE NORTH 49°36’51” EAST A DISTANCE OF 207.75 FEET TO A 1/2 INCH REBAR FOUND; THENCE NORTH 52°12’57” EAST A DISTANCE OF 87.10 FEET TO A 1/2 INCH REBAR FOUND; THENCE SOUTH 16°57’05” EAST A DISTANCE OF 752.70 FEET TO A 1/2 INCH REBAR FOUND; THENCE SOUTH 01°55’16” EAST A DISTANCE OF 64.57 FEET TO A POINT ON THE PRESENT NORTHERLY OF MILLARD FARMER INDUSTRIAL BOULEVARD; THENCE ALONG SAID RIGHT-OF-WAY SOUTH 65°48’24” WEST A DISTANCE OF 12.07 FEET TO A POINT, BEING THE TRUE POINT OF BEGINNING.

 

SAID TRACT CONTAINING A TOTAL OF 2.874 ACRES OR 125178 SQUARE FEET OF LAND AND SHOWN AS TRACT B.

 

TRACT C-2 LEGAL DESCRIPTION:

 

ALL THAT TRACT OR PARCEL OF LAND LYING IN AND BEING IN LAND LOTS 72 AND 73 OF THE 5TH DISTRICT, CITY OF NEWNAN, COWETA COUNTY GEORGIA, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCE AT A ONE-HALF INCH REBAR WHERE THE WEST LINE OF LAND LOT 73 INTERSECTS THE NORTHERLY RIGHT OF WAY OF MILLARD C. FARMER INDUSTRIAL BOULEVARD, THENCE FOLLOWING SAID NORTHERLY RIGHT OF WAY SOUTH 73 DEGREES 47 MINUTES 42” WEST A DISTANCE OF 56.24 FEET TO A POINT.

 

THENCE NORTH 23 DEGREES 22 MINUTES 14 SECONDS WEST A DISTANCE OF 317.93 FEET TO A POINT, SAID POINT BEING THE TRUE POINT OF BEGINNING.

 

THENCE NORTH 63 DEGREES 22 MINUTES 30 SECONDS EAST AT A DISTANCE OF 844.55 FEET TO A ONE-HALF INCH REBAR.

 

THENCE NORTH 29 DEGREES 52 MINUTES 20 SECONDS WEST A DISTANCE OF 390.13 FEET TO A ONE-HALF INCH REBAR.

 

THENCE SOUTH 40 DEGREES 14 MINUTES 11 SECONDS WEST A DISTANCE OF 119.19 FEET TO A ONE-HALF INCH REBAR.

 

THENCE SOUTH 75 DEGREES 13 MINUTES 51 SECONDS WEST A DISTANCE OF 74.93 FEET TO A POINT.

 

THENCE NORTH 85 DEGREES 54 MINUTES 45 SECONDS WEST A DISTANCE OF 194.42 FEET TO A THREE-FOURTHS INCH REBAR.

 

THENCE SOUTH 29 DEGREES 06 MINUTES 01 SECONDS WEST A DISTANCE OF 627.78 FEET TO A POINT.

 

THENCE SOUTH 05 DEGREES 30 MINUTES 26 SECONDS EAST A DISTANCE OF 72.72 FEET TO A POINT.

 

THENCE NORTH 89 DEGREES 44 MINUTES 00 SECONDS EAST A DISTANCE OF 81.04 FEET TO THE POINT OF BEGINNING

 

SAID TRACT CONTAINING A TOTAL OF 6.53 ACRES, 284,356.80 SQ. FT. MORE OR LESS.

 

 

  

  

  

 

EXHIBIT A

 

LEGAL DESCRIPTION

(Grayson View Selinsgrove)

 

PREMISES (A)

 

All that certain or parcel of land designated as Lot Number 25 on the plan of Subdivision for Grayson View and SITUATE in the Township of Penn, County of Snyder, and Commonwealth of Pennsylvania, more particularly bounded and described as follows:

 

Beginning at a set iron pin on the Southern right-of-way line of Grayson View Court, said point being the Northeastern corner of Lot Number 26 of said subdivision. Thence along the said Southern right-of-way line of Grayson View Court North 85 degrees 58 minutes 00 seconds East a distance of 132.00 feet to a found iron pin. Thence along Lot Number 24 of said subdivision, South 04 degrees 02 minutes 00 seconds East a distance of 102.00 feet to a set iron pin. Thence along same and along Lot Number 23 of said subdivision North 85 degree 58 minutes 00 seconds East a distance of 184.00 feet to a set iron pin. Thence along Lot Number 22 of said subdivision, South 04 degrees 02 minutes 00 seconds East a distance of 84.40 feet to a found iron pin. Thence along land now or formerly of Jesse J. Yoder and Martha E. Yoder, South 03 degrees 32 minutes 50 seconds East a distance of 439.18 feet to a found iron pin. Thence along same, North 74 degrees 21 minutes 40 seconds West a distance of 758.65 feet to a found iron pin. Thence along Lot Number 30 of said subdivision, North 06 degrees 28 minutes 40 seconds East a distance 186.91 feet to a set iron pin. Thence along Lot Number 29 and Lot Number 28 of said subdivision, North 85 degrees 58 minutes 00 seconds East a distance of 128.24 feet to a set iron pin; thence along said Lot Number 28 of said subdivision, on an arc concave to the Southeast; having a radius of 77.00 feet, a chord bearing of North 51 degrees 48 minutes 20 seconds East, and a chord distance of 67.38 feet; an arc length of 69.74 feet to a set iron pin. Thence along same, North 04 degrees 02 minutes 00 seconds West a distance of 46.56 feet to a found cap pin. Thence along Lot Number 27 and Lot Number 26 of said subdivision, North 85 degrees 58 minutes 00 seconds East a distance of 184.00 feet to a found cap pin. Thence along said Lot Number 26, North 04 degrees 02 minutes 00 seconds West a distance of 102.00 feet to the place of beginning.

 

County Tax Assessment Map Parcel Number 13-8-224-25

 

Being all of Lot Number 25 as shown on the plan of subdivision for Grayson View, prepared by Gerald E. Bickhart &; sons, Inc. dated May 15, 2000, as revised on September 5, 2000, and recorded in Snyder County Map File Number 3146; and as shown on the plan of subdivision for Grayson View, prepared by Gerald E. Bickhart &; sons, Inc dated January 20, 1999, as Last Revised on May 7, 1999, and recorded in Snyder County Map File Number 2939.

 

PREMISES (B)

 

ALL THAT CERTAIN lot or parcel of land designated as Lot Number 30 on the plan of

 

 

  

  

  

 

subdivision for Grayson view and SITUATE in the Township of Penn, County of Snyder, and commonwealth of Pennsylvania, more particularly bounded and described as follows:

 

COMMENCING at a point on the Southwestern right-of-way line of State Route 1011 (SR1011), known as Salem Road, said point being located at a distance of 88.00 feet, more or less, as measured in a Northwesterly direction along the Southwestern right-of-way line of SR1011 from the projection of the centerline of Township Road 450 (T-450), known as Sunset Drive; thence South 03 degrees 26 minutes 00 seconds East a distance of 72.77 feet to a found iron pin; thence along lands owned now or formerly by Penn Township, and other lands now or formerly of Penn Township, South 85 degrees 58 minutes 00 seconds West a distance of 968.09 feet to a found iron pin; thence along said lands now or formerly of Penn Township South 85 degrees 55 minutes 00 seconds West a distance of 342.05 feet to a found iron pin, being the true point of beginning. Thence along Lot Number 1 of said subdivision, South 04 degrees 02 minutes 00 seconds East a distance of 143.90 feet to a point, a corner; thence along same, on an arc concave to the North; having a radius 75.00 feet, a chord bearing of North 75 degrees 34 minutes 40 seconds East, and a chord distance of 27.05 feet; an arc length of 27.20 feet to a point on the Westernmost terminus of the right-of-way line of Grayson View Court, on an arc concave to the East; having a radius of 60.00 feet, a chord bearing of South 07 degrees 12 minutes 20 seconds East, and a chord distance of 51.44 feet; an arc length of 53.16 feet to a point, a corner; thence along Lot Number 29 of said subdivision, on an arc concave to the North; having a radius of 125.0 feet, a chord bearing of South 79 degrees 09 minutes 10 seconds West, and a chord distance of 29.66 feet; an arc length of 29.73 feet to a point, a corner. Thence along same, South 85 degrees 58 minutes 00 seconds West a distance of 28.18 feet to a found iron pin. Thence along same, South 04 degrees 02 minutes 00 seconds East a distance of 144.20 feet to a set iron pin. Thence along Lot Number 25 of said subdivision, South 06 degrees 28 minutes 40 seconds West a distance of 186.91 feet to A 1 inch Pipe found. Thence along land now or formerly of Jesse J. Yoder and Martha E. Yoder, South 21 degrees 06 minutes 50 seconds West, a total distance of 894.88 feet to a set monument in the centerline of a railroad right-of-way. Thence in the centerline of said railroad right-of-way, along land now or formerly of Henry L. Chiarkas and Alma R. Chiarkas, Trustees, on an arc concave to the Northeast; having a radius of 1350.00 feet, a chord bearing of North 38 degrees 01 minutes 40 seconds West, and a chord distance of 276.89 feet; an arc length of 277.38 feet to a point. Thence in and along same and along land now or formerly of Susquehanna Adventures, Inc., on an arc concave to the Northeast; having a radius of 1122.50 feet, a chord bearing of North 17 degrees 30 minutes 50 seconds West and a chord distance of 567.00 feet; an arc length of 573.21 feet to a set monument. Thence continuing in the centerline of said railroad right-of-way and along said land now or formerly of Susquehanna Adventures, Inc., North 02 degrees 53 minutes 00 seconds West a distance of 437.33 feet to a point. Thence in and along same, on an arc concave to the West; having a radius of 1100.00 feet, a chord bearing of North 05 degrees 50 minutes 00 seconds West, and a chord distance of 113.19 feet; an arc length of 113.24 feet to a point. Thence along land now or formerly of the Stauffer family limited partnership and along land and now or formerly of Penn Township, North 85 degrees 55 minutes 00 seconds East a distance of 724.31 feet to the place of beginning.

 

Being all of Lot Number 30 as shown on the plan of subdivision for Grayson view, prepared by Gerald E. Bickhart &; sons, inc. dated May 15, 2000, as revised on September 5, 2000, and recorded in Snyder County Map File Number 3146; and as shown on the plan of subdivision for

 

 

  

  

  

 

Grayson view, prepared by Gerald E. Bickhart &; sons Inc. dated January 20, 1999, as last revised on May 7, 1999, and recorded in Snyder County Map File Number 2939.

 

BEING THE SAME PREMISES which Stayton SW Assisted Living, L.L.C., an Oregon limited liability company by deed effective August 5, 2010 and recorded January 20, 2011 in the Office of the Recorder of Deeds, in and for Snyder County, Pennsylvania in Record Book 885, Page 268, Instrument Number 201100359, granted and conveyed unto BRE/SW Grayson View LLC, a Delaware limited liability company.

 

BEING THE SAME PREMISES which Draudt’s Selinsgrove, LLC by deed effective August 5, 2011 and recorded January 20, 2011 in the Office of the Recorder of Deeds, in and for Snyder County, Pennsylvania in Record Book 885, Page 334, Instrument Number 201100360, granted and conveyed unto BRE/SW Grayson View LLC, a Delaware limited liability company.

 

BEING THE SAME PREMISES which Flaxel’s Selinsgrove, LLC. by deed effective August 5, 2010 and recorded January 20, 2011 in the Office of the Recorder of Deeds, in and for Snyder County, Pennsylvania in Record Book 885, Page 417, Instrument Number 201100361, granted and conveyed unto BRE/SW Grayson View LLC, a Delaware limited liability company.

 

BEING THE SAME PREMISES which R. Beaty’s Selinsgrove, LLC by deed effective August 5, 2011 and recorded January 20, 2011 in the Office of the Recorder of Deeds, in and for Snyder County, Pennsylvania in Record Book 885, Page 490, Instrument Number 201100362, granted and conveyed unto BRE/SW Grayson View LLC, a Delaware limited liability company.

 

BEING THE SAME PREMISES which Witsil’s Selinsgrove, LLC by deed effective August 5, 2010 and recorded January 20, 2011 in the Office of the Recorder of Deeds, in and for Snyder County, Pennsylvania in Record Book 885, Page 579, Instrument Number 201100363, granted and conveyed unto BRE/SW Grayson View LLC, a Delaware limited liability company.

 

The aforesaid five conveyances to BRE/SW Grayson View, LLC, a Delaware limited liability company were pursuant to the Bankruptcy Court Order entered July 19, 2010 in U.S. District Court Case No. 09-CV-6082-HO (United States District Court for the District of Oregon).

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hawthorne Inn at Greenville Assisted Living Community)

 

ALL that certain lot of land situate, lying and being on the eastern side of Hawthorne Park Court in Greenville County, South Carolina, containing approximately 3.008 acres and shown as Lot 3 on a plat of survey entitled “Subdivision Plat of Hawthorne Park,” prepared by Fant Engineering & Surveying Co., Inc., dated June 3, 1998 and recorded in the Greenville County Records in Plat Book 37-W at Page 48. Reference is made to said survey, which is incorporated herein by reference, for a meter-and-bounds description of the premises.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Heritage Place Senior Living Community)

 

A tract of land lying in and being part of the North Half (N/2) of the Northwest Quarter (NW/4) of Section 27, Township 17 North, Range 22 East of the Indian Meridian, Cherokee County, Oklahoma; said tract being more particularly described as follows:

 

COMMENCING at a Brass cap found for the Northwest corner of said NW/4; Thence (South 661.55 feet (D)), S 02°04’05” E on the West line of said NW/4, a distance of 663.52 feet (F) to a point on said West line; Thence (East 820.54 (D)), N 87°55’55” E perpendicular to said West line, a distance of 820.41 feet (F) to a 3/8” iron rod with cap found for the Northwest corner, said corner being the POINT OF BEGINNING; Thence (N 89°54’24” E 684.7 feet (D)), N 88°07’54” E a distance of 684.90 feet (F) to a 3/8” iron rod with cap found for the Northeast corner; Thence (S 0°15’02” E 330.0 feet (D)), S 02°02’56” E a distance of 329.95 feet (F) to a 3/8” iron rod with cap found for the Southeast corner; Thence (S 89°54’24” W 635.68 feet (D)), S 88°06’14” W a distance of 635.78 feet (F) to a 3/8” iron rod with cap found for the Southwest corner, said corner being a point of curvature; Thence on a curve to the left having a radius of (5229.94 feet, arc length of 66.46 feet, chord bearing N 8°24’18” W, chord length 66.45 feet (D)), 5229.94 feet, an arc length of 66.73 feet with a chord bearing of N 10°21’02” W and a chord length of 66.73 feet (F) to a point; Thence (N 8°46’08” W 267.31 feet (D)), N 10°32’38” W a distance of 267.31 feet (F) to the Point of Beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lakeside Assisted Living Community)

 

Lot 6. SANTIAM STATION, in the City of Stayton, Marion County, Oregon.

 

Excepting therefrom the following described parcel:

 

Beginning at the SE corner of said Lot 6, thence North 90° 00’ 00” West along the South line of said Lot 6, a distance of 7.00 feet, thence North 03° 01’ 31” East, a distance of 132.63 feet; thence South 00° 00’ 00” West, a distance of 132.44 feet to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lakeside Assisted Living Community and Cottages)

 

The Land referred to in this policy is described as follows:

 

Lot 9, SANTIAM STATION SUBDIVISION, City of Stayton, Marion County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Legacy Crossing, Emeritus at)

 

4.      The Land referred to in this policy is described as follows:

 

A tract or parcel of land located on U.S. Highway 96 East and being situated within the 9th Civil District of Williamson County, Tennessee described according to a survey by Frank V. Neeley, RLS #1493, Briggs Engineering Company Inc., 9000 Church Street E, Brentwood, Tennessee 37027, dated May 4, 2000, as follows:

 

Beginning at an iron pin located in the southerly Margin of state Highway 96, said pin being at the northwest corner of the property conveyed to Raj Kaushal, Dinesh Gupta, Bill Walia and Gopi Akkinnenj, of record in Deed Book 1661, page 685, of the Register’s Office of Williamson County, Tennessee:

 

Thence, leaving the southerly margin of State Highway 98 with the westerly margin of the Kaushal, Gupta, Walia and Akkinnenj property, South 06°24’06” West passing an iron in located at the northwest corner of Maplewood, Section Five, Subdivision of record in Plat Book 9, page 147, of the Register’s Office of Williamson County Tennessee, at 485.84 feet, a total distance of 754.74 feet to an iron pin;

 

Thence, with the northerly margin of Maplewood, Section Five, Subdivision, North 82°07’54” West, 343.51 feet to an iron pin;

 

Thence, with the easterly margin of Maplewood, Section Four, Subdivision of record in Plat Book 10, page 39, of the Register’s Office of Williamson County, Tennessee, North 06°49’14” East, 203.81 feet to an iron Pin;

 

Thence, continuing with the northerly margin of Maplewood, Section Four, Subdivision, North 83°12’35” West, 49.93 feet to an iron pin located at the southeast corner of the property conveyed to the Lurtheran Church of St. Andrew, of record in Deed Book 884, page 84, of the Register’s Office of Williamson County, Tennessee;

 

Thence, leaving the northerly margin of said Maplewood, Section Four, Subdivision, with the easterly margin of the Lutheran Church of St. Andrew property, North 06°49’14” East, 535.31 feet to an iron pin;

 

Thence, continuing along the east margin of the Lutheran Church of St. Andrew property, along a curve to the left having a central angle of 86°02’48”, a radius of 25.00 feet and a chord bearing North 36° 12’ 11”

 

West, 34.11 feet, a total distance of 37.55 feet to an iron pin in the southerly margin of State Highway 96;

 

Thence, with the southerly margin of State Highway 96 along a curve with a central angle of 02°53’09”, a radius of 4,631.70 feet and a chord bearing of South 80°14’26” East, 233.26 feet a total distance of 233.28 feet to a Tennessee Department of Transportation concrete right-of-way monument;

 

Thence, South 81o41’00” East, 95.04 feet to an iron rod located near a disturbed Tennessee Department of Transportation concrete right-of-way monument;

 

Thence, South 82°22’45” East, 83.20 feet to the Point of Beginning.

 

Being the same property conveyed to BRE/SW Legacy Crossing LLC, a Delaware limited liability company, by Deeds recorded in Book 5122, page 799, Book 5122, page 854, Book 5122, page 914 and Book 5123, page 1, all in the Register’s Office of Williamson County, Tennessee.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lexington Gardens Assisted Living Community)

 

Real property in the City of West Columbia, County of Lexington, State of South Carolina, described as follows:

 

All that certain piece, parcel, or tract of land [ILLEGIBLE], lying and being in the City of West Columbia, in the County of Lexington, State of South Carolina, and being more particularly shown and [ILLEGIBLE] on as ALTA/ACSM LAND TITLE SURVEY PREPARED FOR LEXINGTON GARDENS, L.L.C., MATRIX HEALTH CARE DEVELOPMENT, INC., HELLER FINANCIAL, INC., COLONIAL BANK, CHICAGO TITLE INSURANCE COMPANY, INC, by Site Consultants, Inc. dated May 2, 1997, has revised June 2, 1997, and according to said plat having the following boundaries and measurements, to wit:

 

Commencing at an iron at the intersection of McSwain Drive (Frontage Road) and Spin off of Robin Crest Drive (S-32-1586) being the point of Beginning, thence running along said right-of-way of the Spin off of Robin Crest Drive (S-32-1586) N 89°39’07” E for 46.21’ to an iron; thence turning and running along property now or formerly of Charles and Brenda Pound S 17°31’43” E for 135.65’ to an iron; thence turning and running along property now or formerly of Joe E. Perry S17°14’06” E for 99.91’ to an iron; thence turning and running along property now or formerly of Corley S 17°41’47” E for 99.90’ to an iron; thence turning and running along property now or formerly of Hicks S 17°29’39” E for 99.99’ to an iron; thence running along property now or formerly of J.R. Strickland S 17°25’19” E for 38.95’ to an iron; thence turning and running along property now or formerly of Ester S. Walker the following bearing and distances; S 59°15’46” W for 69.37’ to an iron, S 59°20’24” W for 39.93’ to an iron; thence turning and running along property now or formerly of Ronald F. Johnson the following bearings and distances; N 30°43’05” W for 64.26’ to an iron, N 66°34’10” W for 243.93’ to an iron; thence turning and running along McSwain Drive (Frontage Road) N 27°18’33” E for 16.99’ to a concrete right-of-way measurement; thence continuing along said right-of-way N 21°42’29 E for 183.50’ to a concrete right-of-way measurement; thence continuing along said right-of-way N 26°44’02” E for 191.38’ to an iron being the point of beginning. Said property having an area of 2.11 acres (91.807 SQ. FT.).

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(The Village, Emeritus at)

(Manchester House)

 

Block Seven (7), of THE VINEYARD COTTAGES, SECTION 1, a Replat of a part of Block 1, The Vineyard, an Addition to the City of The Village, Oklahoma County, Oklahoma, as shown by the recorded plat thereof and Common Area D known as Champagne Blvd., as shown in Plat of The Vineyard Cottages, Section 1.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Manor House, Emeritus at)

 

A piece of land lying in the Northeast quarter and Southeast quarter of Section 1, Township 27 South, Range 6 West, Willamette Meridian, Douglas County, Oregon, and being more particularly described as follows:

 

Beginning at a 5/8 inch iron rod at the Southwest corner of that land described in Recorder’s No. 75-2524, records of Douglas County, Oregon; thence South 0° 00’ 35” West 506.44 feet to a 5/8 inch iron rod on the Northerly right of way of Edenbower Blvd.; thence South 89° 28’ 48” East 346.85 feet along said right of way to a 5/8 inch iron rod; thence North 75° 35” 18’ East 41.10 feet to a 5/8" inch iron rod on the Westerly right of way line of the S.P. Railroad; thence along the Westerly right of way of the S.P. Railroad and the Westerly line of Hooker Road respectively North 5° 25’ 25” East 160.95 feet to a 5/8 inch iron rod; North 0° 27’ 20” West 198.63 feet to a 5/8 inch iron rod and North 0° 27’20” West 120.00 feet to a 5/8 inch iron rod on the Southerly boundary of that land described in Recorder’s No. 75-2524, records of Douglas County, Oregon; thence leaving said right of way lines North 89° 55’ 00” West 400.97 feet to the place of beginning.

 

Together with that portion of Hooker Road right of way which inured to said premises by vacation thereof.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Meadowlark Assisted Living Community)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF SISKIYOU, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:

 

All that real property situate in the County of Siskiyou, State of California, described as follows:

 

Parcel A:

 

Parcel 1 as shown on the map entitled “Parcel Map for Parley and Katherine Hamblin”, located in the Newton Addition in the City of Yreka in a portion of the South half of Section 27, Township 45 North, Range 7 West, M.D.M., flied for record in the Siskiyou County Recorder’s Office February 28, 1992 in Parcel Map Book 11, Page 63.

 

Also, all that portion of land in Section 27, Township 45 North, Range 7 West, M.D.M., State of California, State of California, described as follows:

 

That certain strip of land lying southerly of the South right-of-way line of Bruce Street and westerly of the East boundary line of Rolling Ranch Subdivision, as both said street and boundary line are shown on that certain map recorded July 31, 1978 in Town Map Book 6, page 69 of Official Siskiyou County Records;

and bounded on the South and Southwest by the North line of Parcel 4B, as shown on the Parcel Map for Rhine Realty Inc., recorded January 13, 1978 in Parcel Map Book 5, Page 117 of Official Siskiyou County Records.

 

Excepting therefrom all that portion of the above described land lying easterly of the East line of Parcel 1 prolonged northerly to the South line of Bruce Street, said line shown on Parcel Map filed February 28, 1992, in Parcel Map Book 11, page 63 with the South line of Bruce Street referred to herein disclosed on Map of Rolling Ranch Subdivision filed July 31, 1978 in Town Map Book 6, page 68.

 

Parcel B:

 

Together with an easement for ingress, egress and public utilities as shown on said Parcel Map Book 11, page 63.

 

Parcel C:

 

Also together with an easement for the installation, maintenance, repair, and replacement of an underground sanitary sewer pipeline over the westerly 64 feet of the northerly 14 feet of Parcel 2 of that certain map entitled “Parcel Map for Parley & Katherine Hamblin”, recorded February 28, 1992 in Book 11 of Parcel Maps at page 63 in the office of the Siskiyou County Recorder.

 

APN: 061-331-150, 061-341-170

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Monroe House Assisted Living Community)

 

All that certain lot or parcel of land, lying and being in Loudoun County, Virginia, with the appurtenances thereto, being Unit No. 2 of Phase 2, of COMMUNITY VILLAGE AT STERLING CONDOMINIUM, which unit is more specifically designated and described in the Declaration for Community Village at Sterling Condominium in Deed Book 1729 at page 855, as amended and restated in Amendment and Restatement of Condominium Instruments for Community Village at Sterling Condominium recorded in Deed Book 1781 at page 910 among the land records of the County of Loudoun, Virginia (the “Declaration”).

 

TOGETHER WITH those certain non-exclusive Cross-Easement for Use of Common Facilities for access, driveways and parking as contained in paragraph 4.4 for the Declaration for Community Village at Sterling Condominium recorded in Deed Book 1729, page 855, as amended by Amendment and Restatement of Condominium Instruments for Community Village at Sterling Condominium recorded in Deed Book 1781, page 910.

 

TOGETHER WITH the non-exclusive easements set forth within the Reciprocal Easement Agreement recorded in Deed Book 1808, page 781.

 

BEING the same real estate conveyed to BRE/SW Monroe House LLC, a Delaware limited liability company by the the following deeds dated August 5, 2010, recorded August 20, 2010:

 

Instrument Nos. 20100818-0049010; 20100818-0049012; 20100818-0049013; 20100818-0049014; 20100818-0049015; 20100818-0049016; 20100818-0049017; 20100818-0049018; 20100818-0049019; 20100818-0049020; 20100818-0049021; 20100818-0049022; 20100818-0049023; 20100818-0049024; 20100818-0049025; 20100818-0049026.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Northridge Place, Emeritus at)

 

A tract of land being Lot 2, Block 1, Northridge Retirement Subdivision, a subdivision being part of the East half of the Northeast 1/4 of Section 27, Township 9 North, Range 16 West of the 6th P.M. Buffalo County, Nebraska, EXCEPT HOWEVER that part of Lot 2 being more particularly described as follows: Referring to the Southeast corner of Lot 1, Northridge Retirement Subdivision and assuming the East line of Lot 1 and Lot 2 of said Northridge Retirement Subdivision as bearing South and all bearings contained herein are relative thereto; thence South on the East line of said Lot 2 a distance of 25.00 feet; thence S 89° 33’08”W and parallel with the North line of said Lot 1 a distance of 568.99 feet; thence North on a line being 17.29 feet westerly of as measured at right angles from the West line of said Lot 1 a distance of 459.49 feet to a point on the North line of said Lot 2; thence N 89° 33’08”E and on the North line of said Lot 2 a distance of 17.29 feet to the Northwest corner of said Lot 1; thence South on the West line of said Lot 1 a distance of 434.43 feet to the Southwest corner of said Lot 1 thence N 89° 33’08”E and on the South line of said Lot 1 a distance of 551.61 feet to the place of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Oak Tree Village, Emeritus at)

 

Tracts of land in Fractional Section 33, Township 47 North, Range 4 East, in St. Charles County, Missouri, bounded on the North by the South line of Gailwood Estates, a subdivision recorded in Plat Book 32, page 159 of the St. Charles County Recorder’s Office and the South line of a tract of land now or formerly of Rachel Hayden Hackman and Cathy Butler by deed recorded in Bock 2120, page 181 of the St. Charles County Recorder’s Office. East by the West line of Cave Springs Estates Plat 4, a subdivision recorded in Book 20, pages 74, 75 and 76 of the St. Charles County Recorder’s Office, South by the North line of Tiemann lane, 50 feet wide, and North line of property now or formerly of Thomas Boschert, Trustee of the Ethel Patterson Edwards Irrevocable trust by deed recorded in Book 1423, page 991 of the St. Charles County Recorder’s Office, West by the East line of Jungermann Road, 80 feet wide; the property being more particularly described as follows:

 

Beginning at a point in the Western line of aforementioned Cave Springs Estates Plat 4, South 0 degrees 54’ 40” East, 133.00 feet from a found iron pipe at the Northwestern corner of Lot 265 of said subdivision, said beginning point being the Southeastern corner of aforementioned Rachel Hayden Hackman and Cathy Butler tract; thence along said Western line, South 0 degrees 54’ 40” East 367.00 feet to a found iron pipe; thence continuing along said Western line, South 14 degrees 29’ 15” West, 364.30 feet to a found iron pipe, at the Northeastern corner of aforementioned Thomas Boschert Tract; thence along the Northern line of said Boschert tract, South 89 degrees 51’ 15” West, 337.89 feet to a found rebar at the Northwestern corner of said tract; thence along the Western line of said tract, South I degree 24’ 07” East, 149.99 feet to the Southwestern corner of said tract; thence along the Northern line of Tiemann Lanes, 50 feet wide; South 89 degrees 55’ 50” West 265.67 feet to a found rebar; thence along the Eastern line of Jungermann Road, 80 feet wide, North 0 degrees 32’ 25” East, 809.14 feet to a point of curve, thence Northwardly along an are of a curve to the left, having a radius of 2,011.54 feet, a distance of 184.85 feet, having a chord of North 2 degrees 05’ 32”. West, 184.78 feet, to a found rebar with a Cap LS2231; thence along the Southern line of aforementioned Gailwood Estates North 89 degrees 09’ 29” East, 482.27 feet to the Northwest corner of aforementioned Hackmann/Butler Tract; thence along the Western line of said tract, South 0 degrees 54’ 40” East, 133.00 feet to the Southwestern corner of said tract; thence along the Southern line of said tract North 89 degrees 09’ 29” East, 200.00 feet to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Peridot Assisted Living Community, The)

 

Parcel No. 1:

 

That portion of Lot 2 and the Southwest quarter of the Northeast quarter of Section 3, Township 13 North, Range 2 West of the Gila and Salt River Meridian, Yavapai County, Arizona, more particularly described as follows:

 

(Basis of bearing is North 89 degrees 18 minutes 00 seconds East, as per Park East Subdivision as recorded in Book 10 of Maps, page 32 on file in the Office of the Yavapai County Recorder and defined by a found GLO brass cap at the North one-quarter corner of said Section 3 and a found 1/2 inch rebar at the Northwest corner of said Park East Subdivision)

 

COMMENCING at a found 1/2 inch rebar at the Northwest corner of said Park East Subdivision, from whence a found GLO brass cap at the North one-quarter corner of said Section 3 bears South 89 degrees 18 minutes 00 seconds West, 717.49 feet;

 

THENCE South 42 degrees 20 minutes 38 seconds East, along the Southwesterly line of said Park East Subdivision, 853.33 feet to a found 3/8 inch rebar at the most Southerly corner of said Park East Subdivision, said point also being the TRUE POINT OF BEGINNING;

 

THENCE South 02 degrees 04 minutes 46 seconds West, 931.25 feet to a found 1/2 inch rebar at the Northeast corner of The Knoll Subdivision as recorded In Book 19 of Maps, page 87 on file in the Office of the Yavapai County Recorder;

 

THENCE South 38 degrees 19 minutes 01 seconds West, along the Northwesterly line of Lot 1 of said The Knoll Subdivision, 190.71 feet;

 

THENCE South 30 degrees 01 minutes 01 seconds West, along the Westerly line of said The Knoll Subdivision, 129.35 feet to a point on the Easterly right-of-way of Bradshaw Drive as shown on Record of Survey, as recorded in Book 12 of Land Surveys, page 74, on file in the Office of the Yavapai County Recorder, said point also being the Southerly corner of a roadway and utility easement granted to the City of Prescott as recorded in Book 1045 of Official Records, page 195-196 on file in the Office of the Yavapai County Recorder, and a point of cusp at the beginning of a tangent curve of 109.00 foot radius, concave Southwesterly and having a radial bearing of North 59 degrees 58 minutes 59 seconds West;

 

THENCE Northwesterly, along said curve, through a central angle of 67 degrees 11 minutes 35 seconds, a distance of 127.83 feet to the Northwesterly corner of said roadway and utility easement;

 

THENCE South 77 degrees 02 minutes 59 seconds East, along the North line of said roadway and utility easement, 41.37 feet;

 

THENCE North 38 degrees 19 minutes 01 seconds East, 203.18 feet to a found 1/2 inch rebar (R.L.S. Cap No. 13941);

 

THENCE North 02 degrees 04 minutes 46 seconds East, 241.58 feet to a found 1/2 inch rebar (R.L.S. Cap No. 13941), said point being an angle point in the Northerly line of Parcel

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Peridot Assisted Living Community, The)

 

1, as recorded in Book 250 of Official Records, page 388 on file to the Office of the Yavapai County Recorder;

 

THENCE North 19 degrees 12 minutes 29 seconds West, along said Northerly line, 248.15 feet to a found 1/2 inch rebar (R.L.S. Cap No. 13941);

 

THENCE North 44 degrees 17 minutes 08 seconds West, along said Northerly line, 226.83 feet to a found 1/2 inch rebar (R.L.S. Cap No. 13941);

 

THENCE North 82 degrees 49 minutes 14 seconds West, along said Northerly line, 361.56 feet to a found 1/2 inch rebar;

 

THENCE North 89 degrees 31 minutes 53 seconds West, along said Northerly line, 187.58 feet to a found 1/2 inch rebar;

 

THENCE South 65 degrees 36 minutes 28 seconds West, along said Northerly line, 117.34 feet to a found 1/2 inch rebar and to a point on the Easterly right-of-way of Bradshaw Drive as shown on Record of Survey, recorded in Book 12 of Land Surveys, page 73 on file in the Office of the Yavapai County Recorder;

 

THENCE North 02 degrees 18 minutes 18 seconds East, along said Easterly right-of-way, 7.57 feet to a found 1/2 inch rebar (R.L.S. Cap No. 22776) and to a Westerly deflection of said right-of-way;

 

THENCE North 73 degrees 35 minutes 49 seconds West, along said right-of-way, 122.60 feet, to a Northwesterly defection of said right-of-way;

 

THENCE North 36 degrees 10 minutes 07 seconds East, 158.80 feet;

 

THENCE North 71 degrees 50 minutes 00 seconds East, 232.08 feet;

 

THENCE North 90 degrees 00 minutes 00 seconds East, 125.75 feet;

 

THENCE North 34 degrees 16 minutes 12 seconds East, 169.83 feet;

 

THENCE North 71 degrees 50 minutes 00 seconds East, 194.97 feet;

 

THENCE South 64 degrees 55 minutes 32 seconds East, 374.11 feet to the TRUE POINT OF BEGINNING.

 

Parcel No. 2:

 

The easement rights benefiting the above-described property as set forth in that certain Declaration of Easement dated April 5, 2001 recorded in Book 3828 of Official Records, page 134 on file in the Office of the Yavapai County Recorder, which such easement parcel is more particularly described as follows:

 

That portion of Lot 2 and the Southwest quarter of the Northeast quarter of Section 3, Township 13 North, Range 2 West of the Gila and Salt River Meridian, Yavapai County, Arizona, more particularly described as follows:

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Peridot Assisted Living Community, The)

 

COMMENCING at the North one-quarter corner of said Section 3, a G.L.O. brass cap, (the basis of bearings for this description in North 89 degrees 18 minutes 00 seconds East, per Park East Subdivision as recorded In Book 10 of Maps, page 32, on file in the Office of the Yavapai County Recorder, as define by a found G.L.O. brass cap at the North one-quarter corner of said Section 3 and a found 1/2 inch rebar at the Northwest corner of said Park East Subdivision);

 

THENCE South 21 degrees 05 minutes 07 seconds East, 972.38 feet to the most Southwesterly corner of the lands of The Haviland at Prescott, L.L.C., as described In instrument recorded in Book 3650 of Official Records, page 696, on file in the Office of the Yavapai County Recorder, being the TRUE POINT OF BEGINNING;

 

THENCE North 65 degrees 36 minutes 28 seconds East, 117.34 feet;

 

THENCE South 89 degrees 31 minutes 53 seconds East, 187.58 feet;

 

THENCE South 82 degrees 49 minutes 14 seconds East, 361.56 feet to the Northwest corner of Lot 5, Bradshaw Heights Subdivision;

 

THENCE South 06 degrees 12 minutes 54 seconds West, 62.83 feet to a point on the West line of said Lot 5;

 

THENCE North 54 degrees 57 minutes 34 seconds West, 11.12 feet;

 

THENCE North 57 degrees 15 minutes 28 seconds West, 61.29 feet;

 

THENCE South 85 degrees 10 minutes 34 seconds West, 41.31 feet;

 

THENCE South 88 degrees 04 minutes 41 seconds West, 40.43 feet;

 

THENCE North 84 degrees 19 minutes 59 seconds West, 52.29 feet;

 

THENCE South 80 degrees 56 minutes 57 seconds West, 43.33 feet;

 

THENCE North 63 degrees 11 minutes 43 seconds West, 28.04 feet;

 

THENCE North 77 degrees 06 minutes 42 seconds West, 64.94 feet;

 

THENCE South 89 degrees 51 minutes 37 seconds West, 53.78 feet;

 

THENCE South 87 degrees 36 minutes 48 seconds West, 42.37 feet;

 

THENCE South 39 degrees 00 minutes 33 seconds West, 24.35 feet;

 

THENCE North 80 degrees 04 minutes 11 seconds West, 42.68 feet;

 

THENCE South 79 degrees 02 minutes 50 seconds West, 42.72 feet;

 

THENCE North 86 degrees 21 minutes 20 seconds West, 33.81 feet;

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Peridot Assisted Living Community, The)

 

THENCE North 61 degrees 13 minutes 48 seconds West, 35.44 feet;

 

THENCE South 68 degrees 38 minutes 56 seconds West, 66.40 feet to a point on the East right-of-way of Bradshaw Drive;

 

THENCE North 02 degrees 18 minutes 18 seconds East, along said right-of-way, 27.10 feet to the TRUE POINT OF BEGINNING.

 

Assessor’s Parcel Number. 110-04-141G

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Remington House Assisted Living)

 

LAND LYING AND BEING IN THE 13TH CIVIL DISTRICT OF SULLIVAN COUNTY, TENNESSEE, AND FURTHER DESCRIBED AS FOLLOWS:

 

BEGINNING AT AN IRON PIN ON THE NORTHERLY SIDELINE OF ROCK SPRINGS ROAD, CORNER OF ARTHUR CASTEEL PROPERTY; THENCE N. 40 DEGREES 13 MINUTES 05 SECONDS W., 328.30 FEET TO A POST, CORNER FOR CASTEEL AND KING; THENCE N. 39 DEGREES 48 MINUTES 10 SECONDS W., 324.83 FEET TO AN IRON PIN, CORNER OF KING IN THE LINE OF SULLIVAN COUNTY BOARD OF EDUCATION PROPERTY; THENCE N. 41 DEGREES 43 MINUTES 16 SECONDS E., 649.07 FEET TO AN IRON PIN; THENCE S. 39 DEGREES 55 MINUTES 17 SECONDS E. 687.59 FEET TO AN IRON PIN ON THE NORTHERLY SIDELINE OF ROCK SPRINGS ROAD; THENCE S. 42 DEGREES 49 MINUTE 49 SECONDS W., 486.97 FEET TO A POINT; THENCE S. 45 DEGREES 36 MINUTES 47 SECONDS W., 96.82 FEET TO A POINT; THENCE S. 58 DEGREES 29 MINUTES 58 SECONDS W., 62.22 FEET TO THE POINT OF BEGINNING, CONTAINING 10.02 ACRES, MORE OR LESS.

 

LESS AND EXCEPTED TO THE FOLLOWING PARCEL CONVEYED TO THE STATE OF TENNESSEE, DEPARTMENT OF TRANSPORTATION, BY DEED DATED THE 5TH DAY OF SEPTEMBER, 1991, OF RECORD IN THE REGISTER’S OFFICE FOR SULLIVAN COUNTY, TENNESSEE AT BLOUNTVILLE IN BOOK 803C AT PAGE 60; BEGINNING AT A RIGHT OF WAY MARKER ON THE NORTHWEST PROPOSED UNCONTROLLED RIGHT OF WAY LINE, SAID MARKER LOCATED 35 FEET LEFT OF CENTERLINE STATION 75+57.04; THENCE WITH THE SAID PROPOSED UNCONTROLLED RIGHT OF WAY LINE NORTH 34 DEGREES 28 MINUTES EAST 147.29 FEET TO A RIGHT OF WAY MARKER LOCATED 45 FEET LEFT OF CENTERLINE STATION 77+07.04; THENCE NORTH 36 DEGREES 52 MINUTES EAST 200.20 FEET TO A RIGHT OF WAY MARKER LOCATED 45 FEET LEFT OF CENTERLINE STATION 79+07.24; THENCE NORTH 39 DEGREES 48 MINUTES EAST 215.19 FEET TO A POINT ON THE COMMON PROPERTY LINE BETWEEN MARK COX AND THE ORGIE DUNCAN OWENS; THENCE WITH THE SAID PROPERTY LINE SOUTH 45 DEGREES 47 MINUTES 23 SECONDS EAST 30.22 FEET TO A POINT ON THE EXISTING NORTHWEST RIGHT OF WAY LINE OF ROCK SPRINGS ROAD; THENCE WITH THE SAID EXISTING RIGHT OF WAY LINE SOUTH 37 DEGREES 11 MINUTES WEST 323.59 FEET TO A TURN; THENCE SOUTH 37 DEGREES 12 MINUTES WEST 217.86 FEET TO A TURN; THENCE SOUTH 42 DEGREES 26 MINUTES WEST 49.98 FEET TO A TURN; THENCE SOUTH 52 DEGREES 14 MINUTES WEST 52.90 FEET TO A CORNER COMMON TO ARTHUR CASTEEL; THENCE WITH THE CASTEEL PROPERTY LINE NORTH 46 DEGREES 36 MINUTES WEST 32.24 FEET TO A POINT ON THE NORTHEAST PROPOSED UNCONTROLLED RIGHT OF WAY LINE; THENCE WITH THE SAID PROPOSED UNCONTROLLED RIGHT OF WAY ‘LINE NORTH 49 DEGREES 57 MINUTES EAST 83.01 FEET TO THE POINT OF BEGINNING, CONTAINING 0.537 ACRES, MORE OR LESS. THE ENTIRE DESCRIPTION OF BOTH PARCELS IS BASED UPON DESCRIPTIONS IN PRIOR DEEDS AND RECORDED INSTRUMENTS.

 

Being the same property conveyed to BRE/SW Remington House LLC, a Delaware limited liability company, by deeds recorded in Book 2901C, page 145 and Book 2901C, page 197, Register’s Office of Sullivan County, Tennessee.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(River Valley, Emeritus at)

 

The Land referred to in this policy is described as follows:

 

A tract of land In the Southwest quarter of Section 19, Township 2 South, Range 1 East of the Willamette Meridian, in the City of Tualatin, County of Clackamas and State of Oregon, being more particularly described as follows:

 

Commencing at the Southwest corner of said Section 19, being marked by a brass disc; thence North 1°49’54” East along the West line of said Section 19, a distance of 2,183.71 feet; thence South 88°10’06” East at 90° to said West line, a distance of 20.00 feet to a point in the East right-of-way line of Meridian Road (S.W. 65th Ave. or County Road No. 591) and the point of beginning of the tract herein to be described, said point being marked by a 5/8-inch iron rod set by Caswell (P.L.S. No. 737), said point also marking the Southwest corner of the Jess Roe Property as recorded on P.S. No. 22182 in Clackamas County Survey Records; thence from said point of beginning South 87°31’29” East along the South line of said Roe Property, 680.00 feet; thence South 2°35’50” West, 434.15 feet; thence South 80°00’00” West, 274.43 feet to a point of curve to the right having a radius of 368.00 feet; thence along said curve through a central angle of 25°56’50” (said curve subtended by a chord which bears North 87°01’35” West, 165.23 feet) an arc length of 166.85 feet; thence North 74°03’10” West, 62.08 feet to a point of curve to the right having a radius of 5.00 feet; thence along said curve through a central angle of 76°47’50” (said curve subtended by a chord which bears North 36°39’15” West, 6.21 feet), an arc length of 6.70 feet to a point of reverse curve to the left having a radius of 157.00 feet; thence along said curve through a central angle of 90°54’47” (said curve subtended by a chord which bears North 42°42’43” West, 223.79 feet), an arc length of 249.12 feet to a point of reverse curve to the right having a radius of 5.00 feet; thence along said curve through a central angle of 90°00’00” (said curve subtended by a chord which bears North 43°10’06” West, 7.07 feet), an are length of 7.85 feet; thence North 88°10’06” West, 14.39 feet to a point in the East right-of-way line of said Meridian Road; thence along said right-of-way line North 1°49’54” East, 310.16 feet to the point of beginning.

 

SAVE AND EXCEPT that tract of land described in Deed to Clackamas County recorded January 28, 2004 as Recorder’s Fee No. 2004-008234.

 

TOGETHER WITH an ingress and egress easement described as follows:

 

A strip of land for ingress and egress purposes over and along Meridian Park Hospital Access Road situated in the Southwest quarter of Section 19, Township 2 South, Range 1 East of the Willamette Meridian, in the County of Clackamas and State of Oregon, being more particularly described as follows:

 

Commencing at a brass disc marking the Southwest corner of said Section 19; thence North 1°49’54” East along the West line of said Section, a distance of 1,836.55 feet; thence South 88°10’08” East, 20.00 feet to point of beginning of the tract herein to be described, said point of beginning being at the intersection of the centerline of the Meridian Park Hospital Access Road with the East right-of-way line of Meridian Road (S.W. 65th Avenue or County Road No. 591); thence from said point of beginning North 1°49’54” East along said right-of-way 21.22 feet to a point of curve to the left having a radius of 25.00 feet; thence along said curve through a central angle of 50°51’31” (said curve subtended by a chord which bears South 82°44’20” East, 21.47 feet), an arc length of 22.19 feet to a point of reverse curve to the right having a radius of 137.00 feet, thence along said curve through a central angle of 90°54’47” (said curve subtended by a chord which bears South 42°42’43” East. 195.28 feet), an arc length of 217.38 feet to a point of curve to the left having a radius of 25.00 feet; thence along said curve through a central angle of 76°47’51” (said curve subtended by a chord which bears South 35°39’15” East, 31.06 feet), an arc length of 33.51 feet; thence South 74°03’10” East, 62.08 feet to a point of curve to the left having a radius of 388.00 feet; thence along said curve through a central angle of 19°16’27” (said curve subtended by a chord which bears South 83°41’21” East, 129.91 feet), an arc length of 130.52 feet; thence along a radial line North 3°19’37” West, 20.00 feet to a point in the South line of a tract of land leased to the Assisted Living Community and a point on a curve to the left having a radius of 368.00 feet; thence along said arc through a central angle of 8°40’23” (said curve subtended by a chord which bears North 83°20’04” East, 42.84 feet), an arc length of 42.86 feet; thence departing said lease line and crossing said Access Road at right angles South 10°00’00” East, 44.00 feet to a point of curve to the right having a radius of 412.00 feet; thence along said curve through a central angle of

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(River Valley, Emeritus at)

 

25°58’50” (said curve subtended by a chord which bears North 87°01’35” West, 184.99 feet, an arc length of 186.58 feet); thence North 74°03’10” West, 61.22 feet to a point of curve to the left having a radius of 25.00 feet (said curve subtended by a chord which bears South 64°37’00” West, 33.02 feet), an arc length of 36.07 feet; thence North 66°42’50” West, 24.00 feet; thence North 23°17’10” East, 16.44 feet to a point of curve to the left having a radius of 113.00 feet; thence along said curve through a central angle of 111°27’16” (said curve subtended by a chord which bears North 32°26’28” West, 188.76 feet), an arc length of 219.81 feet to a point of compound curve to the left having a radius of 25.00 feet; thence along said curve through a central angle of 50°51’30” (said curve subtended by a chord which bears South 66°24’09” West, 21.47 feet), an arc length of 22.19 feet to a point in the East right-of-way line of said Meridian Road; thence along said right-of-way line North 1°49’54” East, 21.22 feet to the point of beginning.

 

SAVE AND EXCEPT that tract described in Deed to County of Clackamas recorded January 28, 2004 as Recorder’s Fee No. 2004-006234.

 

ALSO TOGETHER WITH an ingress and egress easement described as follows:

 

A strip of land for ingress and egress purposes which lies between and is contiguous with an ingress-egress easement over and along Meridian Park Hospital Access Road and a tract of land leased to the Assisted Living Community, said strip of land being situated in the Southwest quarter of Section 19, Township 2 South, Range 1 East of the Willamette Meridian, in the County of Clackamas and State of Oregon, being more particularly described as follows:

 

Commencing at a brass disk marking the Southwest corner of said Section 19; thence North 1°49’54” East along the West line of said section, a distance of 1709.37 feet; thence at right angles South 88°10’06” East, 176.37 feet to a point of compound curve on said Access Road easement; thence along said easement on a curve to the left having a radius of 137.00 feet, through a central angle of 20°5’28” (said curve subtended by a chord which bears North 1°41’57” East, 5.00 feet), an arc length of 5.00 feel to the point of beginning of the tract herein to be described; thence from said point of beginning, continuing along said curve to the left having a radius of 137.00 feet, through a central angle of 18°06’43” (said curve subtended by a chord which bears North 8°25’09” West, 43.21 feet), an arc length of 43.39 feet; thence radially departing said Access Road easement North 72°30’29” East, 20.00 feet to a point in a curve on the perimeter of said Assisted Living Community Tract; thence along said curve to the right having a radius of 157.00 feet, through a central angle of 16°08’43” (said curve subtended by a chord which bears South 8°25’09” East, 49.51 feet), an arc length of 49.72 feet; thence radially departing said Assisted Living Community Tract, North 89°20’47” West 20.00 feet to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Rose Terrace Assisted Living Community)

 

Land situated in Shelby County, Tennessee:

 

Fee Parcel:

 

Lot 1 of the Ventas Realty Subdivision as recorded in Plat Book 176, Page 62, being the Atria Assisted Living, Primacy, L.L.C., property as recorded in instrument number KU 1734, both on record in the Shelby County Register’s Office and being more particularly described as follows:

 

Commencing at the intersection of the centerline of Ridgeway Road and the centerline of Primacy Parkway; thence South 89 degrees 56 minutes 10 seconds West along the centerline of said Primacy Parkway a distance of 837.02 feet to a point of curvature; thence Northwestwardly along said centerline and along a curve to the right having a radius of 400.00 feet, an arc length of 371.69 feet to a point; thence South 53 degrees 07 minutes 03 seconds West a distance of 45.00 feet to a point in the southwesterly right-of-way line of Primacy Parkway, the point of beginning for the following described property; thence South 44 degrees 51 minutes 32 seconds West a distance of 30.88 feet to a point of curvature; thence southwestwardly and along a curve to the left having a radius of 41.99 feet, a chord bearing of South 21 degrees 29 minutes 23 seconds West, a chord length of 33.50 feet and an arc length of 34.46 feet to a point; thence South 86 degrees 19 minutes 14 seconds West a distance of 268.52 feet to a point; thence South 00 degrees 29 minutes 24 seconds East a distance of 106.03 feet to a point; thence South 89 degrees 30 minutes 36 seconds West a distance of 11.16 feet to a point; thence South 00 degrees 29 minutes 24 seconds East a distance of 50.73 feet to a point; thence North 89 degrees 30 minutes 36 seconds East a distance of 2.80 feet to a point; thence South 00 degrees 29 minutes 24 seconds East a distance of 12.50 feet to a point; thence South 89 degrees 30 minutes 36 seconds West a distance of 2.80 feet to a point; thence South 00 degrees 29 minutes 24 seconds East a distance of 261.69 feet to a found iron pin in the north line of the trustees of the Security Capital Real Estate Fund property (Inst. No. W1 9050); thence South 89 degrees 30 minutes 36 seconds West along the north line of said Security Capital property a distance of 134.21 feet to a found iron pin in the east line of the Amisub (Saint Francis Hospital) Inc. property (Inst. No. EJ 0205); thence North 00 degrees 27 minutes 29 seconds West along the east line of said Amisub Inc. property a distance of 452.91 feet to a found concrete monument, an internal corner of said Amisub Inc. property; thence North 86 degrees 19 minutes 14 seconds East along a southerly line of said Amisub Inc. property a measured distance of 405.23 feet (call = 405.64’) to a found iron pin, an internal corner of said Amisub Inc. property; thence North 00 degrees 10 minutes 59 seconds West along an easterly line of said Amisub Inc. property a distance of 93.96 feet to a found iron pin in the westerly right-of-way line of said Primacy Parkway; thence Southeastwardly along said westerly right-of-way line and along a curve to the left having a radius of 445.00 feet, a chord bearing of South 31 degrees 33 minutes 24 seconds East, a chord distance of 82.61 feet and an arc length of 82.73 feet to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Rose Terrace Assisted Living Community)

 

Easement Parcel:

 

Easement created by plat recorded in Plat Book 176, Page 62, in the Register’s Office of Shelby County, Tennessee, located on Lot 2 and described on the plat as 22’ wide ingress/egress easement, described as follows:

 

Commencing at the intersection of the centerline of Ridgeway Road and the centerline of Primacy Parkway; thence South 89 degrees 56 minutes 10 seconds West along tile centerline of said Primacy Parkway a distance of 837.02 feet to a point of curvature; thence Northwestwardly along said centerline along a curve to the right having a radius of 400.00 feet an arc length of 371.69 feet to a point; thence South 53 degrees 07 minutes 03 seconds West a distance of 45.00 feet to a point in the southwesterly right-of-way of Primacy Parkway, the point of beginning for the property described herein; thence South 44 degrees 51 minutes 32 seconds West a distance of 30.88 feet to a point of curvature; thence Southwestwardly and along a curve to the left having a radius of 41.99 feet, a chord bearing and distance of South 21 degrees 29 minutes 23 seconds West -33.50 feet and an arc length of 34.46 feet to a point; thence South 86 degreases 19 minutes 14 seconds West a distance of 268.52 feet to a point; thence South 00 degrees 29 minutes 24 seconds East a distance of 22.03 feet to a point; thence North 86 degrees 19 minutes 14 seconds East a distance of 277.59 feet to a point; thence North 46 degrees 19 minutes 58 seconds East a distance of 66.56 feet to a point in the southwesterly line of said Primacy Parkway; thence Northwestwardly along said Primacy Parkway along a curve to the left having a radius of 445.00 feet, a chord bearing and distance of North 39 degrees 15 minutes 26 seconds West - 36.88 feet, and an arc length of 36.89 feet to the point of beginning

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Clearlake, Emeritus at)

(Rosemont at Clearlake)

 

3,630 acres out of and a part of Restricted Reserve “B” in Block 1, BAY POINTE SECTION ONE REPLAT RESERVE “B”, according to the map or plat thereof recorded under Film Code No. 379006 of the Map Records of Harris County, Texas. Said 3,630 acres being more particularly described by metes and bounds as follows:

 

Being 3.630 acres (158,137 square feet) of land situated in the Luke Hemenway Survey, Abstract 800, Harris County, Texas, and the August Whltlook Survey, Abstract 792, Harris County, Texas, and being out of Restricted Reserve “B” in the Replat of BAY POINTE, SECTION ONE, UNRESTRICTED RESERVE “B”, a subdivision recorded under Film Code Number 379005 of the Harris County Map Records; said 3.630 acres (158,137 square feet) of land being more particularly described by metes and bounds as follows (all bearings are referenced to the Texas Coordinate System, South Central Zone, based on the monumented east line of said Restricted Reserve “B”);

 

COMMENCING at a 5/8 inch iron rod set for the most southerly corner of Restricted Reserve “C” out of Bay Pointe, Section One, a subdivision recorded under Film Code Number 350147 of the Harris County Map Records, and being the most easterly corner of said Restricted Reserve “B”, and being in the northwest right-of-way line of Clear Lab City Boulevard, varying in width and recorded as “Clear Lake City Boulevard, Section One” under Film Code Number 348075 of the Harris County Map Records;

 

THENCE N 26°48’17” W 158.30 feet to a 3/8 inch iron rod found for an angle point in the southwest line of said Restricted Reserve “C”, same being an angle point in the northeast line of said Restricted Reserve “B”;

 

THENCE N 10°48’38” W 151°46 feet, with the southwest line of said Restricted Reserve “C”, same being the northeast, line of said Restricted Reserve “B”, to a 5/8 inch iron rod set for the PLACE OF BEGINNING and the most easterly corner of the herein described tract of land;

 

THENCE S 54°59’07” W 379.11 feet to a 5/8 inch iron rod set for the most southerly corner of this tract and being in the southwest line of said Restricted Reserve “B”, same being the northeast right-of-way line of Bay Pointe Court, based on 60 feet in width;

 

THENCE N 41°10’14” W 67.34 feet, with the southwest line of said Restricted Reserve “B”, same being the northeast right-of-way line of said Bay Pointe Court, to a 5/8 inch iron rod set for the beginning of a curve;

 

THENCE 21.68 feet, with the arc of a curve to the right in the southwest line of said Unrestricted Reserve “B”, same being the northeast right-of-way line of said Bay Pointe Court, whose chord bears N 16°19’ 50” W 21.00 feet and having a central angle of 49°40’47” and a radius of 25.00 feet, to a 5/8 inch iron rod set for a point of reverse curve;

 

THENCE 146.27 feet, with the are of a curve to the left in the northeast right-of-way line of said Bay Pointe Court whose chord bears N 61°19’50” W 112.65 feet and having a central angle of 139°40’48” and a radius of 60.00 feet, to a 5/8 inch iron rod set for a corner in the southwest line of said Restricted Reserve “B”, same being the most easterly comer of Restricted Reserve “A” in said Raplat of Bay Pointe, Section One, Unrestricted Reserve “B”, and being a corner in the southwest line of this tract;

 

THENCE N 41°10’14” W 150.00 feet to a 5/8 inch iron rod set for the most westerly corner of said Restricted Reserve “B”, same being the most northerly corner of said Restricted Reserve “A” and being the most westerly corner of this tract, and also being in the southeast line of that certain 180-foot wide Harris County Flood Control District fee strip, called the Realignment of Horsepen Bayou, recorded under File Number H905968 and Film Code 043-97-1700 of the Harris County Official Public Records of Real Property;

 

THENCE N 54°59’07” E 540.64 feet, with the southeast line said 180-foot wide fee strip, to a 5/8 inch iron rod found for the most westerly corner of said Restricted Reserve “C”; same being the most northerly corner of said Restricted Reserve “B”, and being the most northerly corner of this tract;

 

THENCE S 35°00’53” E 125.58 feet to a 5/8 inch iron rod found for an angle point in the southwest line of said Restricted Reserve “C”, same being the northeast line of said Restricted Reserve “B”, and being an angle paint in the northeast line of this tract;

 

THENCE S 10°48’38”E 231.75 feet to the POINT OF BEGINNING and containing 3.630 acres (158,137 square feet) of land.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Sequoia Springs Assisted Living Community)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF FORTUNA, COUNTY OF HUMBOLDT, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:

 

Lot 31A of Tract Map No. 517, for Springville Estates, on file in the Office of the County Recorder of Humboldt County in Book 22 of Maps, Pages 108 and 109.

 

APN: 202-082-057-000

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Sequoia Springs Cottages)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF FORTUNA, COUNTY OF HUMBOLDT, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:

 

PARCEL ONE

 

Lot 31B of Tract Map No. 517, for Springville Estates, on file in the Office of the County Recorder of Humboldt County in Book 22 of Maps, Pages 108 and 109.

 

PARCEL TWO

 

A 25 foot wide access easement, the same as described in that certain “Easement Agreement” by and between Fortuna Assisted Living LLC and Robert L. Dunn and Theresa L. Dunn and recorded February 8, 2001 in the Office of the Humboldt County Recorder under Recorder’s Instrument No. 2001-3147-3, Humboldt County Records

 

APN: 202-082-058-000

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Creek Gardens, Emeritus at)

 

Lot 5R, Block A of Replat of Lots 3, 4 & 5, Block A, Hunters Glen 5, an addition to the City of Plano, Collin County, Texas, according to the plat thereof recorded in Volume L, Page 401, Map Records, Collin County, Texas.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Statesman Club Retirement Community)

 

Block Six (6), of THE VINEYARD COTTAGES, SECTION 1, a Replat of a part of Block 1, The Vineyard, an Addition to the City of The Village, Oklahoma County, Oklahoma, as shown by the recorded plat thereof and Common Area D known as Champagne Blvd., as shown in Plat of The Vineyard Cottages, Section 1.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Stonebridge Specialty Care Community)

 

THE LAND REFERRED TO HEREIN IS SITUATED IN THE COUNTY OF Clark, STATE OF Washington, AND IS DESCRIBED AS FOLLOWS.

 

Parcel I

 

Real property being a portion of Lot 11 of JAGGY HOMESTEAD LOTS, according to the plat thereof, recorded in Book B of Plats, at Page 12, records of Clark County, Washington, in the Southeast quarter of the Northwest quarter of Section 17, Township 2 North, Range 2 East, Willamette Meridian, in the City of Vancouver, Clark County, Washington, described as follows:

 

Beginning at the Southeast corner of that parcel of land conveyed to Ronald N. Province and Anita A. Province by deed recorded under Auditor’s File No. 7803140086, deed records of said County, said point also being on the North right of way line of N. E. Vancouver Mall Drive, 30 feet from the centerline, as shown on Book 43 of Surveys at Page 112, said point also being a point on an arc with a 1939.86 foot radius curve; thence along the South line of said Province parcel and said North right of way line and along said curve to the left, from a tangent bearing of South 78°47’05” West, through a central angle of 00°56’02”, an arc distance of 31.62 feet to a point of tangency; thence continuing along the South line of said Province parcel and said North right of way line South 77°51’03” West 364.97 feet; thence leaving said right of way line North 01°49’42” East 342.91 feet to a point on the South right of way line of N. E. 51st Street as shown on said Survey, said point being 30 feet from the centerline of said Street when measured as right angles; thence along said right of way line South 88°55’08” East 385.07 feet to the Northwest corner of said Province parcel; thence along the East line of said Province parcel South 01°51’32” West 252.39 feet to the Point of Beginning.

 

Parcel II

 

An easement over real property for a storm water facility, described as follows:

 

Beginning at the Southwest corner of the above described parcel; thence along the North right of way line of said N. E. Vancouver Mall Drive South 77°51’03” West 126.94 feet; thence leaving said North right of way line North 00°08’31” West 37.55 feet; thence North 83°15’58” East 125.87 feet to a point on the West line of said parcel; thence along said West line South 01°49’42” West 25.60 feet to the Point of Beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Riverstone, Emeritus at)

(Terrace at Riverstone)

 

All that tract or parcel of land lying and being in Land Lot 192 of the 14th District, 2nd Section of Cherokee County, Georgia, and being more particularly described as follows:

 

Begin at the mitred intersection of the rights-of-way of Reinhardt College Parkway (westerly R/W) and Riverstone Terrace (Southern R/W); proceed along the Southern right-of-way of Riverstone Terrace 181.77° to an iron pin set (1/2” rebar), said point being the true Point of Beginning. Thence from said True Point of Beginning

 

Proceed South 00 degrees 01 minutes 47 seconds East 105.33 to an iron pin set (1/2” rebar),

 

Thence proceed South 38 degrees 22 minutes 30 seconds East 149.45’ to an iron pin found (1” open top Pipe),

 

Thence proceed South 27 degrees 51 minutes 23 seconds West 95.44’ to an iron pin set (1/2” rebar).

 

Thence proceed South 27 degrees 46 minutes 18 seconds West 75.08’ to an iron pin set (1/2” rebar),

 

Thence proceed South 25 degrees 52 minutes 10 seconds West 80.10’ to an iron pin found (3/4” crimped top pipe),

 

Thence proceed North 72 degrees 00 minutes 14 seconds West 305.18 to an iron pin set (1/2” rebar),

 

Thence proceed North 00 degrees 00 minutes 00 seconds East 350.91’ to an iron pin set (1/2” rebar),

 

Thence proceed North 89 degrees 58 minutes 02 seconds East 311.95’ to an iron pin set (1/2” rebar),

 

Said Point being the true Point of Beginning.

 

Said tract being 3.18 acres and being known as Parcel A, as shown and further described on a Plat of survey from the Oaks at Riverstone, L.L.C. by Roger S. Lee & Assoc. Inc., dated October 20, 2004.

 

AS SURVEYED LEGAL DESCRIPTION:

 

All that tract or parcel of land lying and being in Land Lot 192 of the 14th District, 2nd Section of Cherokee County, Georgia, and being more particularly described as follows:

 

Commencing at the mitered intersection of the rights of way of Reinhardt College Parkway (westerly R/W) and Riverstone Terrace (Southerly R/W), then proceed along the Southerly right

 

 

  

  

  

 

of way of Riverstone Terrace for 171.77 feet to a pin set (1/2 inch re-bar) set at the POINT OF BEGINNING; then leaving said right-of-way, proceed South 00 degrees 01 minutes 47 seconds East for 105.33 feet to a (1/2 inch re-bar) set; then South 38 degrees 22 minutes 30 seconds East for 149.45 feet to a (1/2 inch re-bar) set; then South 27 degrees 51 minutes 23 seconds West for 95.44 feet to a point; then South 27 degrees 46 minutes 18 seconds West for 75.08 feet to a point; then South 25 degrees 52 minutes 10 seconds West 80.10 feet to a (1/2 inch open top pipe) found; then North 72 degrees 00 minutes 14 seconds West 312.22 feet to a (1/2” rebar) set; then North 01 degrees 05 minutes 59 seconds East 348.80 feet to a (1/2” rebar) set on the southerly right-of-way of Riverstone Terrace; then North 89 degrees 58 minutes 02 seconds East 311.95 feet to the (1/2” rebar) set at the Point of Beginning.

 

Said Tract of Parcel contains 3.203 acres of land, more or less, along with all improvements thereon and as shown on the survey by Bentley-Craton Group (file 07004) dated January 30, 2007 and is the same property shown on the survey for The Oaks at Riversone, LLC by Roger S. Lee & Associates, Inc. dated September 28, 2005.

 

Parcel II:

 

Easements as set forth in that certain Easement Agreement between Bright-Sasser Canton, L.L.C., a Georgia limited liability company and The Oaks at Riverstone, LLC, a Georgia limited liability company, dated September 20, 2004, filed for record January 7, 2005, and recorded in Deed Book 7627, Page 56, Cherokee County, Georgia records.

 

2

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Palms Assisted Living and Memory Care Center, The)

(The Palms)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF ROSEVILLE, COUNTY OF PLACER, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:

 

Parcel 9B of Parcel Map filed for record in the office of the recorder of Placer County, California on May 29, 1996 in Book 28 of Parcel Maps, at Page 110, Placer County Records.

 

APN: 457-070-002-000

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Springfield - The Woodside, Emeritus at)

(Woodside Village)

 

Parcel 1 of LAND PARTITION PLAT NO. 98-P1192, as filed November 10, 1998, Lane County Oregon Plat Records, Lane County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hermiston Terrace Assisted Living Residence)

 

The Southeast Quarter of the Southwest Quarter of the Southwest Quarter of Section 10, Township 4 North, Range 28, East of the Willamette Meridian, Umatilla County, Oregon;

 

EXCEPTING THEREFROM that portion lying within the right of way of SW 9th Street and West Highland Avenue;

 

ALSO EXCEPTING THEREFROM that tract of land conveyed to Highland Avenue Baptist Church by Deed recorded in Book 305, Page 329, Umatilla County Deed Records;

 

ALSO EXCEPTING THEREFROM that tract of land conveyed to Merle P Jewett, et al by Deed recorded in Reel 126, Page 2051, Umatilla County Microfilm Records;

 

ALSO including the West 339.6 feet of the South 152 feet of Northeast Quarter of Southwest Quarter of Southwest Quarter of said Section 10, Township 4 North, Range 28, East of the Willamette Meridian, Umatilla County, Oregon, EXCEPTING THEREFROM the East 30 feet and the North 50 feet thereof.

 

SUBJECT TO any and all water rights of way and roads.

 

 

 

EXHIBIT A-2

 

(List of Pool 2 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

[See attached.]

 

Exhibit A-2

 

 

 

EXHIBIT A-2

 

(List of Pool 2 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	
Lease Pool 2 Facilities

	  	  	  	  	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 
	 	 	  	  	  	  	  	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 
	 	582	 	
Alpine Court

	
3720 N Clarey St

	
Eugene

	
OR

	
HCP SH ELP2 Properties, LLC

	 	 	72	 	 	 	[	***]	
16-unit cottage, 56-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	583	 	
Alpine Springs

	
3760 N Clarey St

	
Eugene

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	70	 	 	 	[	***]	
70-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	559	 	
Brentmoor

	
3515 10Th St SW

	
Minot

	
ND

	
HCP SH ELP2 Properties, LLC

	 	 	85	 	 	 	[	***]	
85-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	534	 	
Brookside

	
4450 Old Hamilton Mill Rd

	
Buford

	
GA

	
HCP SH ELP2 Properties, LLC

	 	 	61	 	 	 	[	***]	
48-unit assisted living care, 13-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	623	 	
Canyonview Estates

	
7404 Wallace Blvd

	
Amarillo

	
TX

	
HCP SH ELP2 Properties, LLC

	 	 	132	 	 	 	[	***]	
73-unit independent living, 59-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	594	 	
Chehalem Springs

	
3802 Hayes Street

	
Newberg

	
OR

	
HCP SH ELP2 Properties, LLC

	 	 	107	 	 	 	[	***]	
24-unit cottage, 83-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
9 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	558	 	
Churchill

	
140 Carriage Club Dr

	
Mooresville

	
NC

	
HCP SH ELP2 Properties, LLC

	 	 	135	 	 	 	[	***]	
29-unit independent living, 86-unit assisted living care, 20-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	636	 	
Cliff View

	
134 W 2025 South Cir

	
Saint George

	
UT

	
HCP SH ELP2 Properties, LLC

	 	 	75	 	 	 	[	***]	
47-unit assisted living care, 28-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	630	 	
Cottage Village

	
110 Frankford Ave

	
Lubbock

	
TX

	
HCP SH ELP2 Properties, LLC

	 	 	56	 	 	 	[	***]	
16-unit cottage, 40-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	581	 	
Eagle Cove

	
261 Loto St

	
Eagle Point

	
OR

	
HCP SH ELP2 Properties, LLC

	 	 	78	 	 	 	[	***]	
16-unit independent living, 62-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2027.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-2

 

(List of Pool 2 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	638	 	
Eagle Meadows

	
550 E Whitman Dr

	
College Place

	
WA

	
HCP SH ELP2 Properties, LLC

	 	 	82	 	 	 	[	***]	
82-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	649	 	
Englewood Heights

	
3710 Kern Rd

	
Yakima

	
WA

	
HCP SH ELP2 Properties, LLC

	 	 	93	 	 	 	[	***]	
73-unit assisted living care, 20-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	542	 	
Flint River

	
250 Water Tower Ct

	
Macon

	
GA

	
HCP SH ELP2 Properties, LLC

	 	 	36	 	 	 	[	***]	
36-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	549	 	
Glendale Place

	
905 Glendale Rd

	
Murray

	
KY

	
HCP SH ELP2 Properties, LLC

	 	 	84	 	 	 	[	***]	
84-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	611	 	
Hawthorne Inn at Hilton Head

	
15 Main St

	
Hilton Head Island

	
SC

	
HCP Senior Housing Properties Trust

	 	 	90	 	 	 	[	***]	
51-unit independent living, 39-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	563	 	
Heartland Park

	
500 Heartland Park Dr

	
Seward

	
NE

	
HCP SH ELP2 Properties, LLC

	 	 	97	 	 	 	[	***]	
43-unit independent living, 54-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
5 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	593	 	
Heron Pointe

	
504 Gwinn Street E

	
Monmouth

	
OR

	
HCP SH ELP2 Properties, LLC

	 	 	61	 	 	 	[	***]	
61-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	664	 	
Heron Pointe Cottages

	
504 Gwinn St E

	
Monmouth

	
OR

	
HCP SH ELP2 Properties, LLC

	 	 	10	 	 	 	[	***]	
10-unit cottage and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
9 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	631	 	
Holiday Lane Estates

	
6155 Holiday Ln

	
North Richland Hills

	
TX

	
HCP SH ELP2 Properties, LLC

	 	 	50	 	 	 	[	***]	
50-unit assisted living care and such other ses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	535	 	
Lake Springs

	
4355 S Lee St

	
Buford

	
GA

	
HCP SH ELP2 Properties, LLC

	 	 	48	 	 	 	[	***]	
32-unit assisted living care, 16-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2027.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-2

 

(List of Pool 2 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	 	
1st

Extension

	 	 	
2nd

Extension

	 	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	536	 	
Lake Springs Cottages

	
4355 S Lee St

	
Buford

	
GA

	
HCP SH ELP2 Properties, LLC

	 	 	24	 	 	 	[	***]	
24-unit cottage and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	527	 	
Lassen House

	
705 Luther Rd

	
Red Bluff

	
CA

	
HCP SH Lassen House, LLC

	 	 	60	 	 	 	[	***]	
44-unit assisted living care, 16-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
8 Years

	 	 	N/A	 	 	 	N/A	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	567	 	
LaVilla

	
2725 N Pennsylvania Ave

	
Roswell

	
NM

	
HCP SH ELP2 Properties, LLC

	 	 	92	 	 	 	[	***]	
12-unit cottage, 68-unit assisted living care, 12-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	576	 	
Magnolia Gardens

	
3211 Chandler Rd

	
Muskogee

	
OK

	
HCP SH ELP2 Properties, LLC

	 	 	36	 	 	 	[	***]	
25-unit assisted living care, 11-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	655	 	
Maplewood

	
1000 Maplewood Dr

	
Bridgeport

	
WV

	
HCP Senior Housing Properties Trust

	 	 	132	 	 	 	[	***]	
90-unit independent living, 42-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	642	 	
Montclair Park

	
1250 NE Lincoln Rd

	
Poulsbo

	
WA

	
HCP SH ELP2 Properties, LLC

	 	 	109	 	 	 	[	***]	
85-unit assisted living care, 24-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	580	 	
Mountain View Ashland

	
548 N Main St

	
Ashland

	
OR

	
HCP SH Mountain View, LLC

	 	 	112	 	 	 	[	***]	
71-unit independent living, 3-unit cottage, 38-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	524	 	
Orchard Park Sunwest

	
14789 Burns Valley Rd

	
Clearlake

	
CA

	
HCP SH ELP2 Properties, LLC

	 	 	41	 	 	 	[	***]	
37-unit assisted living care, 4-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	612	 	
Palm Meadows Court

	
48 Main St

	
Hilton Head Island

	
SC

	
HCP Senior Housing Properties Trust

	 	 	32	 	 	 	[	***]	
32-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	613	 	
Palm Meadows Village

	
80 Main St

	
Hilton Head Island

	
SC

	
HCP Senior Housing Properties Trust

	 	 	42	 	 	 	[	***]	
42-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	 	
10 Years

	 	 	
8 Years

	 	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2027.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-2

 

(List of Pool 2 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	644	 	
Parkway Village

	
3708 East 57th Ave

	
Spokane

	
WA

	
HCP SH ELP2 Properties, LLC

	 	 	80	 	 	 	[	***]	
80-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	569	 	
Plaza at Sun Mountain

	
6031 W Cheyenne Ave

	
Las Vegas

	
NV

	
HCP SH ELP2 Properties, LLC

	 	 	179	 	 	 	[	***]	
24-unit independent living, 137-unit assisted living care, 18-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	643	 	
Quail Hollow

	
221 Torbett St

	
Richland

	
WA

	
HCP SH ELP2 Properties, LLC

	 	 	36	 	 	 	[	***]	
36-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	615	 	
Spring Arbor

	
1800 India Hook Rd

	
Rock Hill

	
SC

	
HCP Senior Housing Properties Trust

	 	 	52	 	 	 	[	***]	
36-unit assisted living care, 16-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	531	 	
Sunrise Creek

	
1968 Sunrise Dr

	
Montrose

	
CO

	
HCP SH ELP2 Properties, LLC

	 	 	109	 	 	 	[	***]	
14-unit cottage, 71-unit assisted living care, 24-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
9 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	619	 	
Terrace at Bluegrass

	
674 E Main St

	
Hendersonville

	
TN

	
HCP SH ELP2 Properties, LLC

	 	 	58	 	 	 	[	***]	
40-unit assisted living care, 18-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	565	 	
The Cottages

	
3920 Juan Tabo Blvd Ne

	
Albuquerque

	
NM

	
HCP SH ELP2 Properties, LLC

	 	 	31	 	 	 	[	***]	
31-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	654	 	
The Heritage

	
RR 4 Box 17

	
Bridgeport

	
WV

	
HCP Senior Housing Properties Trust

	 	 	51	 	 	 	[	***]	
51-unit skilled nursing facility and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	564	 	
The Oaks

	
1500 Vintage Hill Dr

	
Wayne

	
NE

	
HCP SH ELP2 Properties, LLC

	 	 	80	 	 	 	[	***]	
46-unit independent living, 34-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	622	 	
Waterford in Bellevue

	
8188B Sawyer Brown Rd

	
Nashville

	
TN

	
HCP SH ELP2 Properties, LLC

	 	 	69	 	 	 	[	***]	
53-unit assisted living care, 16-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2027.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-2

 

(List of Pool 2 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	634	 	
Willows at Sherman

	
3410 Post Oak Crossing

	
Sherman

	
TX

	
HCP SH ELP2 Properties, LLC

	 	 	46	 	 	 	[	***]	
37-unit assisted living care, 9-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	617	 	
Cordova Estates***

	
1535 Appling Care Ln

	
Cordova

	
TN

	
HCP SH ELP2 Properties, LLC

	 	 	76	 	 	 	[	***]	
55-unit assisted living care, 21-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	547	 	
Woodstock Estates

	
1000 Professional Way

	
Woodstock

	
GA

	
HCP SH ELP2 Properties, LLC

	 	 	50	 	 	 	[	***]	
38-unit assisted living care, 12-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	 	 	
Total Lease Pool 2 (43 Properties)

	  	  	 	 	3,119	 	 	 	 	 	  	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	
Lease Pool 2 Potential Facilities**

	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	588	 	
River Road

	
592 Beaver Dr NE

	
Keizer

	
OR

	
HCP SH River Road, LLC

	 	 	49	 	 	 	[	***]	
49-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	607	 	
Windfield Village

	
8170 SW Vlahos Dr

	
Wilsonville

	
OR

	
HCP SH Windfield Village, LLC

	 	 	84	 	 	 	[	***]	
57-unit independent living, 27-unit assisted living care and such other uses necessary or incidental to such use

	
15 Years

	
10 Years

	
8 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2027.

 

** One or more of the foregoing facilities listed under the heading “Lease Pool 2 Potential Facilities” may be acquired by Lessor or an Affiliate of Lessor pursuant to the Purchase Agreement after the Commencement Date.  None of such facilities shall constitute a “Facility” or be included in the “Leased Property” unless and until this Lease is amended in accordance with the provisions of Section 45.1.20.3 to include such facility in the “Leased Property”.

 

*** With regard to Cordova Estates, the Initial Term shall commence on December 4, 2012 and expire on September 30, 2027. For the avoidance doubt, the Lease Year for Cordova Estates shall terminate on September 30th of each year.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Alpine Court, Emeritus at)

 

Lot 7, BARGER DRIVE P.U.D., as platted and recorded in File 75, Slides 556, 557, 558, 559 and 560, Lane County Oregon Plat Records, in Lane County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Alpine Springs, Emeritus at)

 

Lot 6, BARGER DRIVE P.U.D., as platted and recorded in File 75, Slides 556, 557, 558, 559 and 560, Lane County Oregon Plat Records, in Lane County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Brentmoor Assisted Living Community)

 

Lot 1, Urban Seventh Addition to the City of Minot, Ward County, North Dakota

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Brookside Senior Living Community)

 

All that tract or parcel of land lying and being in Land Lot 261 and 268 of the 7th District, City of Buford, Gwinnett County, Georgia, being 16.664 acres, as shown on plat of survey for Guerry W. Garrett, Harold C. Morgan and John McGeary, dated June 18, 1992, by Rochester & Associates, Inc., Registered Land Surveyors, which plat is recorded in Plat Book 59, Page 267B, Plat Records of Gwinnett County, Georgia, and is incorporated herein by reference and made a part of this description.

 

Less and Except

 

All that tract or parcel of land lying and being in Land Lots 261 and 268, of the 7th District, Gwinnett County, Georgia, in the City of Buford, containing 1.446 acres as shown on plat of survey for GH& J Properties, dated December 5, 1997, by Rochester & Associates, Inc., Registered Land Surveyors, which plat is recorded in Plat Book 79, Page 27, Plat Records of Gwinnett County, Georgia, and is incorporated herein by reference and made a part of this description.

 

All that tract or parcel of land lying and being in Land Lots 261 and 268, of the 7th District, Gwinnett County, Georgia, in the City of Buford, containing 6.317 acres as shown on plat of survey far GH&J Properties, dated December 5, 1997, by Rochester & Associates, Inc., Registered Land Surveyors, which plat is recorded in Plat Book 79, Page 28, Plat Records of Gwinnett County, Georgia, and is incorporated herein by reference and made a part of this description.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Canyonview Estates, Emeritus at)

 

Being all of Lot 4, Block 1 of Amended Ridgeview Medical Center Unit No. 12, an addition to the City of Amarillo in Potter County, Texas, according to the map or plat thereof, recorded in Volume 2688, Page 507 of the Official Public Records of Potter County, Texas.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chehalem Springs Assisted Living Community)

 

The Land referred to in this policy is described as follows:

 

Parcel 2, PARTITION PLAT 2001-38, in the City of Newberg, recorded October 23, 2001, as Instrument No. 200118649, Deed and Mortgage Records, County of Yamhill, State of Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Churchill, Emeritus at)

 

Lying and being situate in Iredell County, North Carolina, and being more particularly described as follows:

 

Being all of Tracts B, D, Z, H and I, as such are depicted on a plat entitled “Revision Of Lake Norman Pavillion”, according to the plat thereof, recorded in Map Book 36, page 119 and revised in Map Book 40, page 129, in the Office of the Register of Deeds of Iredell County, North Carolina.

 

AND INCLUDING ALL THE right, title and interest to those certain access easements recorded in Book 1260 at Page 2417 and Book 1558 at Page 1275 of the Iredell County Public Registry.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cliff View, Emeritus at)

 

Situated in the County of Washington. State of Utah:

 

A parcel of land located in Section 6, Township 43 South, Range 15 West, Salt Lake Base and Meridian and in Section 1, Township 43 South, Range 16 West, Salt Lake Base and Meridian being more particularly described as Follows:

 

Beginning at the Northeast corner of Sweetwater St. George Timeshare Project II, a Planned Residential Development located in Section 1, Township 43 South, Range 16 West, Salt Lake Base and Meridian, said point being North 80°00’00” East 1196.04 feet along the South line and its extension and North 302.84 feet from the Southwest corner of Tonaquint-Indian Hills, a Planned Unit Residential Development and running thence South 11°01’39” West 163.49 feet along said East line of the Sweetwater St. George Timeshare Project II to a point on a curve to the right, the radius point of which is South 37°45’24” East 355.00 feet; thence Easterly along the arc of said curve 444.89 feet; thence North 29°34’27” East 338.81 feet; thence North 4°05’19” West 89.77 feet; thence South 66°30’15” West 595.01 feet to the point of beginning.

 

The following is shown for informational purposes only: Tax ID No. SG-5-3-6-34181

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cottage Village Senior Living Community)

 

Metes and Bounds Description of Tracts “H”, “G-1-A”, “G-1-B”, “1-1”& “1-2” and Lots 308 thru 314, Shadow Hills, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 4059, Page 268, Official Real Property Records of Lubbock County, Texas, Volume 4940, Page 82, and Volume 5556, Page 216, Official Real Property Records of Lubbock County, Texas, Same being previously described as three tracts, said three tracts further described as follows:

 

PARCEL 1:

 

Metes and Bounds Description of a tract of land located In Section 2, Block J-S, Lubbock County, Texas, same being all of TRACT “H” of Tracts “G”, “H” and “I”, shadow Hills, an addition to the City of Lubbock Lubbock County, Texas, according to the map, plat, and/or dedication deed thereof recorded in Volume 4059, Page 268, Official Real Property Records, Lubbock County, Texas, and a portion of Tract “I-1”, of Lots 283A through 307A, Lots 308 through 314 and Tracts “G-1” “I-1” and “I-2”, Shadow Hills, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat, and/or dedication deed thereof recorded in Volume 4940, Page 82, of the Official Real Property Records, Lubbock County, Texas, being further described as follows:

 

BEGINNING at a 1/2” rod with cap found in the West right-of-way line of Frankford Avenue, at the Southeast corner of said Tract “I-1”, Shadow Hills, which bears N. 00°12’40”W. 1,751.33 feet and West 60.00 feet from the Southeast corner of Section 2, Block J-S. Lubbock County, Texas:

 

THENCE West along the South line of said Tract “I-1”, a distance of 274.43 feet to a 1/2” rod with cap found;

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cottage Village Senior Living Community)

 

THENCE N. 64°30’ W. alongthe South line of said Tract “I-1” a distance of 315.33 feet to a cross found in concrete in the right-of-way line of Genoa Avenue;

 

THENCE along the right-of-way line of Genoa Avenue and around a curve to the left, said curve having a radius of 50.00 feet, a central angle of 173°06’28”, and a chord distance of 99.82 feet to a “A” rod with cap found;

 

THENCE S. 64°30’ E. a distance of 185.04 feet to a point in the West line of said Tract “H”, Shadow Hills;

 

THENCE N. 00°12’40” W. along said West line of Tract “H” a distance of 518.68 feet to a “crow’s foot” found in concrete at the Northwest corner of said Tract “H”, Shadow Hills;

 

THENCE East along the North line of said Tract “H” a distance of 354.00 feet to a 1/2” iron pipe found in the West right-of-way line of Frankford Avenue at the Northeast corner of said Tract “H”, Shadow Hills;

 

THENCE S. 00°12’40” E, along said West right-of-way line of Frankford Avenue a distance of 667.33 feet to the Point of Beginning.

 

PARCEL 2:

 

Metes and Bounds Description of a tract of land located in Section 2, Block J-S, Lubbock County, Texas, same being all of Lots 308 through 314, both inclusive, all of Tract “I-2”, and a portion of Tract “I-1”, of Lots 283A through 307A, Lots 308 through 314 and Tract “G-1”, “I-1” and “I-2”, Shadow Hills, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat, and/or dedication deed thereof recorded In Volume 4940, Page 82, Official Real Property Records, Lubbock County, Texas, being further described as follows;

 

BEGINNING at a point in the West line of Tract “H”, Shadow Hills, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat, and/or dedication deed thereof recorded In Volume 4059, Page 268, Official Real Property Records. Lubbock County, Texas, said point bears N. 00°12’40” W. 1899.33 feet and West 414.00 feet from the Southeast corner of Section 2, Block J-S, Lubbock County, Texas;

 

THENCE N. 64°30’ W. a distance of 185.04 feet to a 1/2” rod with cap found at a point of tangency in the right of-way line of Genoa Avenue;

 

THENCE Westerly along said right-of-way line of Genoa Avenue and around a curve to the left, said curve having a radius of 50.00 feet, a central angle of 33°22’01”, and a chord distance of 28.71 feet to a “crow’s foot” found in concrete;

 

THENCE N. 25°30’ E. a distance of 331.15 feet to a “crow’s foot found in concrete;

 

THENCE S. 64°30’ E. a distance of 12.5 feet to a “crow’s foot” found in concrete;

 

THENCE N. 25°30’ E. a distance of 92.54 feet to a 1/2” rod with cap found in the West line of said Tract “H” Shadow Hills;

 

THENCE S. 00°12’40” E. along the West line of said Tract “H”, a distance of 461.06 feet to the Point of Beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cottage Village Senior Living Community)

 

PARCEL 3:

 

Metes and Bounds Description of a tract located in Section 2, Block J-S, Lubbock County, Texas, same being Tracts “G-1-A” and “G-1-B”, Shadow Hills, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat, and/or dedication deed thereof recorded in Volume 5556, Page 216. Official Real Property Records, Lubbock County, Texas, being further described as follows:

 

BEGINNING at a 4” iron pipe found in the West right-of-way line of Frankford Avenue. at the Southeast corner of said Tract “G-1-A” Shadow Hills, which bears N. 00°12’40” W. 2,418.66 feet and West 60.00 feet from the Southeast corner of Section 2, Block J-S, Lubbock County, Texas:

 

THENCE West a distance of 328.30 feet to a 1/2” rod with cap found:

 

THENCE N. 25°30’ E. a distance of 132.52 feet to a “crow’s foot” found in concrete:

 

THENCE N. 64°30’ W. a distance of 12.5 feet to a cross found in concrete:

 

THENCE N. 25°30’ E. a distance of 293.11 feet to n “crow’s foot” found in concrete at a point of curvature;

 

THENCE Easterly around a curve to the right, said curve having a radius of 77.50 feet, a central angle of 64°30’ tangent lengths of 48.90 feet, and a chord distance of 82.71 feet to a “crow’s foot” found in concrete at a point of tangency:

 

THENCE East a distance of 82.77 feet to across found in concrete at a point in the West right-of-way line of Frankford Avenue:

 

THENCE S. 00°12’40” E. along said West right-of-way line of Frankford Avenue distance of 433.74 feet to the Point of Beginning.

 

TRACT 4:

 

Reciprocal Ingress, Egress, Private Utility and Parking Easements shown on Note on Plat with Dedication Deed recorded in Volume 4059, Page 268, Official Real Property Records, Lubbock County, Texas., as shown on Note on plat with Dedication Deed recorded In Volume 4940, Page 82, Official Real Property Records, Lubbock County, Texas and as shown on Note on Plat with Dedication Deed recorded In Volume 5556, Page 216, of the Official Real Property Records, Lubbock County, Texas.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Eagle Cove, Emeritus at)

 

PARCEL I

 

Beginning at the Southeasterly corner of Block 11 of Central Addition to the City of Eagle Point, according to the Official Plat thereof, now of record in Jackson County, Oregon; thence North 64°34’00” West, along the Southwesterly line thereof, 294.93 feet to the Southeasterly corner of Lot 16; thence North 25°21’39” East, along the Southeasterly line of Lots 16, 15, 14, 13 and 12, a distance of 124.88 feet to the Northeasterly corner of said Lot 12; thence North 64°34’00” West along the Northeasterly line thereof, 96.70 feet to a point on the Northwesterly line of said Block 11; thence North 19°22’00” East along said Northwesterly line, 127.93 feet; thence along the arc of a 25.00 foot radius curve to the right (the long chord to which bears North 67°24’00” East 37.18 feet) an arc distance of 41.92 feet to a point on the Northeasterly line of said Block 11; thence South 64°34’00” East along said Northeasterly line, 230.29 feet to a 5/8 inch iron pin; thence South 25°23’43” West 139.87 feet to a 5/8 inch iron pin; thence South 64°34’00” East 150.06 feet to a point on the Southeasterly line of Block 11, said point being marked with a 5/8 inch Iron pin; thence South 25°26’00” West along said Southeasterly line, 139.87 feet to the point of beginning. ALSO: All that portion of the vacated Nova and Kelso Streets adjacent to said property and Inuring thereunto by law, vacated by Ordinance No. 11-77 of the City of Eagle Point, and recorded March 15, 2001 as Document No. 01-10055, Official Records of Jackson County, Oregon.

 

PARCEL II

 

Lots 12-16 in Block 11 of Central Addition to the City of Eagle Point, according to the Official Plat thereof, now of record in Jackson County, Oregon. TOGETHER WITH: Those portions of Kelso Street and Nova Street vacated by Ordinance No. 11-77 per Document No. 01-10055, Official Records of Jackson County, Oregon, more particularly described as follows: Beginning at a 5/8 inch rebar on the Northwesterly boundary of Central Addition, according to the Official Plat thereof, now of record in said Jackson County, said 5/8 inch rebar bears North 19°22’00” East 5.76 feet from the Northwesterly corner of Lot 1 In Block 12 said Central Addition; thence North 19°22’00” East along said Northwesterly boundary. 174.87 feet to a point which bears North 70°38’00” West 50.00 feet from the Northwesterly corner of Lot 12 in Block 11 of said Central Addition; thence South 70°38’00” East 50.00 feet to said Northwesterly corner of Lot 12; thence South 19°22’00” West along the Northwesterly boundary of Lots 12-16 of said Block 11, a distance of 125.58 feet to the Southwesterly corner of said Lot 16; thence South 64°34’00” East along the Southwesterly boundary of said Lot 16, a distance of 78.61 feet to a point on the Southeasterly boundary of the aforementioned street vacation; thence South 25°06’01” West along said boundary 54.89 feet to a 5/8 inch rebar; thence leaving said boundary, North 64°17’20” West 123.12 feet to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Eagle Meadows Assisted Living Community)

 

Parcel 1 of Whitman PUD Phase II as per Plat recorded March 15, 2001 under Auditor’s File No. 0102443 in Roll File 6 at Page C-10, records of Walla Walla County, State of Washington Excepting therefrom that portion deeded to the City of College Place for Sidewalk purposes under Quit Claim Deed filed July 12, 2010, under Auditor’s 2010-05308, records of the Auditor of Walla Walla County, State of Washington. Situate in the City of College Place, State of Washington

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Englewood Heights Senior Living Community)

 

Lot 3 of Short Plat, recorded under Auditor’s File Number 7011395, records of Yakima County, Washington.

 

Situated in Yakima County, State of Washington.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Flint River Senior Living Community)

 

ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 338 OF THE THIRTEENTH LAND DISTRICT OF MBB COUNTY, GEORGIA, AND BEING IN THE CITY OF MACON, CONTAINING 2.94 ACRES, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: TO REACH THE POINT OF BEGINNING, BEGIN AT THE 3/4-INCHED CRIMPED TOP PIPE LOCATED AT THE POINT OF INTERSECTION OF THE NORTHEASTERLY RIGHT-OF-WAY LINE OF FORSYTH ROAD (GEORGIA HIGHWAY NO. 19 AND U.S. HIGHWAY NO. 41) AND THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF CHARTER BOULEVARD (SAID 3/4-INCH CRIMPED TOP PIPE BEING LOCATED SOUTH 52 DEGREES 37 MINUTES 38 SECONDS EAST OF AND 1.25 FEET FROM A CONCRETE RIGHT-OF-WAY MONUMENT); AND RUN THENCE NORTH 38 DEGREES 06 MINUTES 11 SECONDS EAST ALONG THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF CHARTER BOULEVARD A DISTANCE OF 269.35 FEET TO AN IRON PIN; RUN THENCE IN A GENERALLY NORTHEASTERLY DIRECTION ALONG THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF CHARTER BOULEVARD, WHICH IS ALONG THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 520.00 FEET AN ARC DISTANCE OF 256.24 FEET TO AN IRON PIN LOCATED NORTH 23 DEGREES 59 MINUTES 12 SECONDS EAST OF AND A CHORD DISTANCE OF 253.65 FEET FROM THE IRON PIN HEREINABOVE LAST REFERRED TO, WHICH IS TO THE POINT OF BEGINNING OF SAID 3.94-ACRE TRACT OF LAND, AND FROM SAID POINT OF BEGINNING AS

 

THUS ESTABLISHED RUN THENCE IN A GENERALLY NORTHEASTERLY DIRECTION ALONG THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF CHARTER BOULEVARD AN ARC DISTANCE OF 30.07 FEET TO AN IRON PIN LOCATED NORTH 06 DEGREES 12 MINUTES 48 SECONDS EAST OF AND A CHORD DISTANCE OF 30.07 FEET FROM THE IRON PIN HEREINABOVE LAST REFERRED TO; RUN THENCE SOUTH 77 DEGREES 44 MINUTES 29 SECONDS EAST A DISTANCE OF 325.13 FEET TO AN IRON PIN; RUN THENCE IN A GENERALLY NORTHEASTERLY DIRECTION ALONG THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 30.00 FEET A CHORD DISTANCE OF 52.06 FEET TO AN IRON PIN LOCATED NORTH 52 DEGREES 32 MINUTES 29 SECONDS EAST OF AND A CHORD DISTANCE OF 45.77 FEET FROM THE IRON PIN HEREINABOVE LAST REFERRED TO; RUN THENCE NORTH 02 DEGREES 49 MINUTES 27 SECONDS EAST A DISTANCE OF 89.39 FEET TO AN IRON PIN; RUN THENCE NORTH 15 DEGREES 03 MINUTES 17 SECONDS EAST A DISTANCE OF 84.26 FEET TO A ONE-INCH CRIMPED TOP PIPE; RUN THENCE SOUTH 79 DEGREES 17 MINUTES 41 SECONDS EAST A DISTANCE OF 273.84 FEET TO A 3/4-INCH CRIMPED TOP PIPE; RUN THENCE SOUTH 02 DEGREES 43 MINUTES 09 SECONDS WEST A DISTANCE OF 543.72 FEET TO AN IRON PIN; RUN THENCE NORTH 57 DEGREES 24 MINUTES 26 SECONDS WEST A DISTANCE OF 178.13 FEET TO AN IRON PIN; RUN THENCE NORTH 66 DEGREES 57 MINUTES 45 SECONDS WEST A DISTANCE OF 118.98 FEET TO A 3/4-INCH CRIMPED TOP PIPE; RUN THENCE NORTH 02 DEGREES 49 MINUTES 27 SECONDS EAST A DISTANCE OF 277.91 FEET TO AN IRON PIN; RUN THENCE IN A GENERALLY NORTHWESTERLY DIRECTION ALONG THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 30.00 FEET AN ARC DISTANCE OF 42.18 FEET TO AN IRON PIN LOCATED NORTH 37 DEGREES 27 MINUTES 31 SECONDS WEST OF AND A CHORD DISTANCE OF 38.79 FEET FROM THE IRON PIN HEREINABOVE LAST REFERRED TO; RUN THENCE NORTH 77 DEGREES 44 MINUTES 29 SECONDS WEST A DISTANCE OF 337.96 FEET TO AN IRON PIN LOCATED ON THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF CHARTER BOULEVARD, WHICH IS BACK TO THE POINT OF BEGINNING.

 

ALSO; TOGETHER WITH RIGHTS ARISING OUT OF SHARED-USE ROADWAY EASEMENT AGREEMENT DATED APRIL 21, 1998, RECORDED IN DEED BOOK 4158, PAGE 288, AFORESAID RECORDS; AND WATER LINE EASEMENT DATED JULY 17, 1998, RECORDED IN DEED BOOK 4239, PAGE 139, AFORESAID RECORDS; AND DRAINAGE EASEMENT DATED JULY 17, 1998, RECORDED IN DEED BOOK 4239, PAGE 146, AFORESAID RECORDS.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Murray, Emeritus at)

(Glendale Place)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF CALLOWAY, STATE OF KENTUCKY, AND IS DESCRIBED AS FOLLOWS:

 

Legal description of a tract of land situated in the City of Murray, County of Calloway, State of Kentucky, being a part of the Southwest Quarter of Section 34, Township 2, Range 4 East and being Lot 2 of a Minor Subdivision Plat of the Glendale Church of Christ, Inc. property as shown by plat of record in Plat Book 19, Page 98, slide 1810, and being further described as follows:

 

Beginning at a 1/2” diameter rebar set in the south line of Glendale Road 822.37’ east of the centerline of U.S. Highway 641 the northeast corner of Lot 1 and the northwest corner of Lot 2, described herein;

 

thence, 30’ from and parallel to the centerline of Glendale Road, north 88 deg. 37’ 56” east 515.46’ to a 1/2” diameter rebar set in the west line of South 9th street;

 

thence, south 31 deg. 45’01” east 57.96’ to a 1/2” diameter rebar set in the west line of South 9th Street;

 

thence, with the west line of South 9th Street, south 00 deg. 56’11” east 350.01 to a 1/2” diameter rebar set, the eastern most point of Lot 1 and the southeast corner of Lot 2;

 

thence, with the south line of Lot 2, south 88 deg. 37’56” west 541.81 to a 1/2” diameter rebar set, the southwest corner of Lot 2;

 

thence, with the west line of Lot 2, north 01 deg. 24’53” west 400.00’ to the point of beginning.

 

As surveyed:

 

Legal description of a tract of land situated in the City of Murray, County of Calloway, State of Kentucky, being a part of the Southwest Quarter of Section 34, Township 2, Range 4 East and being Lot 2 of a Minor Subdivision Plat of the Glendale Church of Christ, Inc. property as shown by plat of record in Plat Book 19, Page 1810, and being further described as follows:

 

Beginning at an Iron pin found located in the South right-of-way line (sixty foot right-of-way) of Glendale Road 822.37 feet East of the centerline of U.S. Highway Number 641, said point being the corner of Lot 1 of the Minor Subdivision of the Glendale Church of Christ, Inc., property as recorded in Plat Book 19, Page 1810 in the Office of the County Clerk of Calloway County, Kentucky; thence a line with said right-of-way line, North 88 degrees 37 minutes 56 seconds East, 515.46 feet to an iron pin set in said right-of-way with its point of intersection of the West right-of-way line of Ninth Street; thence a line with said right-of-way line, the next three (3) calls as follows:

 

South 31 degrees 45 minutes 01 seconds East, 27.77 feet to an iron pin set;

South 01 degrees 20 minutes 47 seconds East, 102.65 feet to a point;

South 00 degrees 51 minutes 15 seconds East, 273.56 feet to an iron pin found in said right-of-way line corner of the aforementioned

Lot 2; thence a line with Lot 2, the next two (2) calls as follows;

South 88 degrees 38 minutes 41 seconds West, 526.69 feet to an iron pin found;

North 01 degrees 24 minutes 53 seconds West, 400.04 feet to the point of beginning;

 

Being in all respects the same property conveyed to BRE/SW Glendale Place, LLC by the following deeds:

 

	
  

	
1.              Deed from Stayton SW Assisted Living, L.L.C.; Glendale at Murray Property, LLC; Arias’ covak 5, LLC, aka Arias’ Covak-5, LLC, aka Aria’s Covak-5, LLC; Atid’s Covak 5, LLC, aka Atid’s Covak-5, LLC; Davis’ Covak 5, LLC, aka Davis’ Covak-5, LLC; Each’s Covak 5, LLC, aka Each’s Covak-5, LLC, Hermann’s Covak 5, LLC, aka Herman’s Covak-5, LLC; Kinsey’s Covak 5, LLC, aka Kinsey’s Covak-5, LLC; Langford’s Covak 5, LLC, aka Langford’s Covak-5, LLC; Michael’s Covak 5, LLC, aka Michael’s Covak-5, LLC; Nager’s Covak 5, LLC, aka Nager’s Covak-5, LLC; Reber’s Covak 5, LLC, aka Reber’s Covak-5 LLC; Ridge Park’s Covak 5, LLC, aka Ridge Park’s Covak-5, LLC; Schnyders’ Covak 5, LLC, aka Schnyders’ Covak-5, LLC; Steams’ Covak 5, LLC, aka Steams’ Covak-5, LLC; Sylla’s Covak 5, LLC, aka Sylla’s Covak-5, LLC; Wolf’s Covak 5, LLC, aka Wolfe’s Covak-5 LLC; Wong’s Covak 5, LLC, aka Wong’s Covak-5, LLC; Yee’s Covak 5, LLC, aka Yee’s Covak-5, LLC; dated August 5, 2010, of record in Book 859, page 393, Calloway County Clerk’s Office;

	
  

	
 

	
  

	
2.              Deed from B Brournand’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 453, aforesaid clerk’s office;

	
  

	
 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Murray, Emeritus at)

(Glendale Place)

 

	
  

	
3.                                      Deed from C Brournand’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 461, aforesaid clerk’s office;

	
  

	
 

	
  

	
4.                                      Deed from Forsch’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 469, aforesaid clerk’s office;

	
  

	
 

	
  

	
5.                                      Deed from Gavriel’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 477, aforesaid clerk’s office;

	
  

	
 

	
  

	
6.                                      Deed from G. Travess’ Covak-5, LLC, aka G Travess’ Covak 5, LLC, dated August 5, 2010, of record in Book 859, page 486, aforesaid clerk’s office;

	
  

	
 

	
  

	
7.                                      Deed from Levine’s COVAK-5, LLC, aka Levine’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 494, aforesaid clerk’s office;

	
  

	
 

	
  

	
8.                                      Deed from M Travess’ Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 504, aforesaid clerk’s office;

	
  

	
 

	
  

	
9.                                      Deed from Highpointe’s COVAK-5, LLC, aka Highpointe’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 512, aforesaid clerk’s office;

	
  

	
 

	
  

	
10.                               Deed from New Haven’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 520, aforesaid clerk’s office;

	
  

	
 

	
  

	
11.                               Deed from Novak’s Covak-5, LLC, aka Novak’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 528, aforesaid clerk’s office;

	
  

	
 

	
  

	
12.                               Deed from NWB’s Covak 5, LLC, aka NWB’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 536, aforesaid clerk’s office;

	
  

	
 

	
  

	
13.                               Deed from Premiere’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 549, aforesaid clerk’s office;

	
  

	
 

	
  

	
14.                               Deed from Ruderman’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 557, aforesaid clerk’s office;

	
  

	
 

	
  

	
15.                               Deed from Walsh COVAK 5, LLC, aka Walsh’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 566, aforesaid clerk’s office; and

	
  

	
 

	
  

	
16.                               Deed from Scott’s COVAK 5, LLC, aka Scott’s Covak-5, LLC, dated August 5, 2010, of record in Book 859, page 574, aforesaid clerk’s office.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hawthorne Inn at Hilton Head, Emeritus at)

 

TRACT A:

 

ALL that certain piece, parcel or lot of land, lying and being on Hilton Head Island, Beaufort County, South Carolina and being shown and described as Parcel 2-3, Phase I, Palmetto Hall Commercial Park, on a plat thereof entitled “Palmetto Hall Commercial Park, Parcels 1-C, 1-D, 1-E and 2-3 Palmetto Hall Commercial Park, Hilton Head Island, Beaufort County, South Carolina for Greenwood Development Corporation”, said plat being prepared by Hussey, Gay, Bell & DeYoung, Inc., Consulting Engineers, Savannah, Georgia, James M. Sims, S.C. Reg. L.S. #13169, said plat being dated December 17, 1997, as latest revised June 3, 1998, recorded in Plat Book 65 at Page 114, Beaufort County Records, on June 15, 1998. For a more detailed description as to the courses and distances, metes and bounds of the above mentioned parcel, reference is had to said plat of record.

 

TRACT B:

 

ALL that certain piece, parcel or tract of land lying, and being on Hilton Head Island, Beaufort County, South Carolina, being shown and described as “Former 10’ Right of Way” on a plat entitled “Plat of 0.006 Acre Portion of the Hospital Campus Entrance Road, Palmetto Hall Commercial Park, Hilton Head Island, Beaufort County, South Carolina,” prepared by Hussey, Gay, Bell & DeYoung, Consulting Engineers, James M. Sims, S.C.R.L.S. No. 13169, said plat being dated July 23, 1998, and recorded in the Beaufort County Records in Plat Book 66 at Page 165. Said property is more particularly described by courses and distances, metes and bounds, as follows:

 

The Point of Beginning is a point which marks the intersection of the southeastern corner of Parcel 2-3 as it intersects the Hospital Campus Entrance Road; from said Point of Beginning proceeding S 54°48’55” W for a distance of 27.58 feet to a point; thence proceeding N 09°48’55” E for a distance of 28.28 feet to a point; thence proceeding S 55°56’29” E for a distance of 21.39 feet to a point which marks the Point of Beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Heartland Park Senior Living Community)

 

Lot 1, Block 1, Heartland Park Estates, Seward, Seward County, Nebraska, EXCEPT that part more particularly described as follows: Beginning at the Northeasterly corner of Lot 1, Block 1, Heartland Park Estates to the City of Seward, located in the West half on the Northwest Quarter of Section 16, Township 11 North, Range 3 East of the 6th P.M., Seward County, Nebraska also said point is on the West line of the East half on the Northwest Quarter and Tax Lot 29 of said Section 16; thence N 88° 52’ 47” W, (an assumed bearing), and on the Northerly line of Lot 1, Block 1 of said Heartland Park Estates, a distance of 30.01 feet; thence S 00° 03’06” W, 30 feet Westerly of and parallel to the East line of the West half of the Northwest Quarter, of said Section 16, a distance of 730.14 feet to a point on the Southerly line of Lot 1, Block 1 of said Heartland Park Estates; thence S 88° 52’ 47” E, and on the Southerly line of Lot 1, Block 1 of said Heartland Park Estates, a distance of 30.01 feet to the Southeasterly corner of Lot 1, Block 1 of said Heartland Part Estates and also said point is on the East line of the West half on the Northwest Quarter of said Section 16; thence N 00° 03’06” E, and on the East line of the West half of the Northwest Quarter of said Section 16 and Lot 1, Block 1 of said Heartland Park Estates, a distance of 730.14 feet to the point of Beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Heron Pointe Cottage, Emeritus at)

 

The Land referred to in this policy is described as follows:

 

Parcel 2, of Partition Plat No. 1998-32, recorded September 9, 1998 in Polk County, Oregon.

 

Together with a perpetual non-exclusive easement for ingress and egress, as more particularly described in that certain reciprocal easement agreement, recorded February 22, 1995 in Book 299, Page 1019, Book of Records for Polk County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Heron Pointe, Emeritus at)

 

Parcel 1 of Partition Plat No. 1998-32, recorded September 9, 1998 as Fee No. 452736, Polk County, Oregon.

 

Together with a perpetual non-exclusive easement for ingress and egress as more particularly described in that certain reciprocal easement agreement, including the terms and provisions thereof, dated September 2, 1994, recorded February 22, 1995 in Book 299, Page 1019, Book of Records for Polk County, Oregon.

 

Also Together with a 30 foot private access easement and public utility easement as delineated on Partition Plat No. 1998-32, recorded September 9, 1998 in Book of Partition Plats for Polk County, Oregon.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Holiday Lane Estates, Emeritus at)

 

Lot 1, Block 1, THE COVENANT ADDITION, an Addition to the City of North Richland Hills, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 3855, Plat Records, Tarrant County, Texas.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lake Springs Assisted Living and Memory Care Community)

 

BEING ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 260 OF THE 7TH DISTRICT, GWINNETT COUNTY, GEORGIA, IN THE CITY OF BUFORD, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCING AT A POINT, SAID POINT BEING AT THE INTERSECTION OF THE NORTHEASTERLY RIGHT-OF-WAY OF SOUTH LEE STREET, (100 RIGHT-OF-WAY) AND THE EAST RIGHT-OF-WAY OF MADDOX ROAD, (VARIABLE RIGHT-OF-WAY), THENCE 1442.8 FEET NORTH AND NORTHWESTERLY ALONG SAID NORTHEASTERLY RIGHT-OF-WAY TO A POINT SAID POINT BEING THE TRUE POINT OF BEGINNING. THUS HAVING ESTABLISHED THE TRUE POINT OF BEGINNING;

 

THENCE ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 925.34 FEET AN ARC DISTANCE OF 84.60 FEET, THE CHORD OF WHICH BEARS N29°33’29”W FOR A CHORD DISTANCE OF 84.57 FEET TO A POINT THENCE N53°14’01”E. A DISTANCE OF 21.90 FEET TO A POINT; THENCE N36°45’59”W. A DISTANCE OF 46.82 FEET TO A POINT; THENCE S53°14’01”W, A DISTANCE OF 19.34 FEET TO A POINT; THENCE ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 925.34 FEET AN ARC LENGTH OF 38.54 FEET, THE CHORD OF WHICH BEARS N36°16’27”W FOR A CHORD DISTANCE OF 38.54 FEET TO A POINT; THENCE N39°13’34”W, A DISTANCE OF 109.96 FEET TO A POINT; THENCE LEAVING SAID RIGHT-OF-WAY; N53°46’26”E, A DISTANCE OF 390.84 FEET TO A POINT; THENCE S35°41’07”E, A DISTANCE OF 283.13 FEET TO A POINT; THENCE S54°18’53”W, A DISTANCE OF 400.09 FEET TO THE TRUE POINT OF BEGINNING.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lake Springs Senior Living Community Cottages)

 

ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 260 OF THE 7TH LAND DISTRICT, GWINNETT COUNTY, GEORGIA, IN THE CITY OF BUFORD, AND BEING THE PROPERTY OWNED BY SWAN ENTERPRISES, LLC, AS DESCRIBED IN DEED BOOK 15188, PAGE 85 AND A 0.24 ACRE TRACT AS DESCRIBED IN DEED BOOK 15852, PAGE 71, IN THE CLERK OF SUPERIOR COURT, GWINNETT COUNTY, GEORGIA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCING AT A POINT ON THE NORTHEASTERLY RIGHT-OF-WAY LINE OF SOUTH LEE STREET (100 FEET RIGHT-OF-WAY) LOCATED 1442.8 FEET NORTH AND NORTHWESTERLY AS MEASURED ALONG THE EAST AND NORTHEASTERLY RIGHT-OF-WAY LINE, AND FOLLOWING THE CURVATURE THEREOF, FROM THE POINT OF INTERSECTION OF SAID RIGHT-OF-WAY WITH THE EAST RIGHT-OF-WAY OF SOUTH LEE STREET AND THE NORTHEAST RIGHT-OF-WAY LINE OF MADDOX ROAD; (VARIABLE RIGHT-OF-WAY); SAID POINT ALSO BEING THE TRUE POINT OF BEGINNING. THUS HAVING ESTABLISHED THE TRUE POINT OF BEGINNING; THENCE RUNNING NORTHWEST ALONG THE NORTHEAST RIGHT-OF-WAY LINE OF SOUTH LEE STREET, AND FOLLOWING THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 925.34 FEET AN ARC LENGTH OF 84.60 FEET, THE CHORD WHICH BEARS N29°03’36”W FOR A CHORD DISTANCE OF 84.57 FEET TO A POINT; THENCE N53°13’54”E, A DISTANCE Of 21.90 FEET TO A POINT; THENCE N36°46’06”W, A DISTANCE OF 46.82 FEET TO A POINT; THENCE S53°13’54”W, A DISTANCE OF 19.39 FEET TO A POINT; THENCE ALONG THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 925.34 FEET AN ARC LENGTH OF 38.54 FEET, THE CHORD WHICH BEARS N36°16’34”W FOR A CHORD DISTANCE OF 38.54 FEET TO A POINT; THENCE N36°13’41”W, A DISTANCE OF 109.96 FEET TO A POINT; THENCE N36°13’41”W, A DISTANCE OF 170.63 FEET TO A POINT; THENCE LEAVING SAID RIGHT-OF-WAY N53’33’10” E, A DISTANCE OF 174.95 FEET TO A POINT; THENCE N22°29’38”E, A DISTANCE OF 123.64 FEET TO A POINT; THENCE N67°36’35”E, A DISTANCE OF 254.34 FEET TO A POINT; THENCE N67°38’53”E, A DISTANCE OF 204.01 FEET TO A POINT; THENCE S12°28’37”E, A DISTANCE OF 99.59 FEET TO A POINT; THENCE N77°49’39”E, A DISTANCE OF 99.31 FEET TO A POINT; THENCE S74°55’37”E, A DISTANCE OF 228.75 FEET TO A POINT; THENCE S54°18’53”W, A DISTANCE OF 542.52 FEET TO A POINT; THENCE S54°18’53”W, A DISTANCE OF 400.09 FEET TO THE POINT OF BEGINNING.

 

TOGETHER WITH REAL ESTATE EASEMENT RIGHTS ESTABLISHED BY DECLARATION AND GRANT OF INGRESS/EGRESS EASEMENT RIGHTS BY AND AMONG SWAN ENTERPRISES, LLC. AND ELDER HEALTHCARE DEVELOPERS, L.L.C. DATED JANUARY 8, 1999, AND RECORDED IN DEED BOOK 17914, PAGE 27, RECORDS OF GWINNETT COUNTY, GEORGIA.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lake Springs Senior Living Community Cottages)

 

LESS AND EXCEPT THE FOLLOWING:

 

COMMENCING AT A POINT FOUND ON THE NORTHEASTERLY RIGHT-OF-WAY LINE OF SOUTH LEE STREET (100 FEET RIGHT-OF-WAY) LOCATED 1442.8 FEET NORTH AND NORTHWESTERLY AS MEASURED ALONG THE EAST AND NORTHEASTERLY RIGHT-OF-WAY LINE, AND FOLLOWING THE CURVATURE THEREOF, FROM THE POINT OF INTERSECTION OF SAID RIGHT-OF-WAY WITH TIE EAST RIGHT-OF-WAY OF SOUTH LEE STREET AND THE NORTHEAST RIGHT-OF-WAY LINE OF MADDOX ROAD; THENCE RUNNING ALONG THE NORTHEAST RIGHT-OF-WAY LINE OF SOUTH LEE STREET, AND FOLLOWING THE ARC Of A CURVE TO THE LEFT HAVING A RADIUS OF 925.34 FEET AN ARC LENGTH OF 84.60 FEET, THE CHORD OF WHICH BEARS N 29°33’36” W FOR A DISTANCE OF 84.57 TO A POINT; THENCE ALONG SAID RIGHT-OF-WAY N 53°13’54” E, A DISTANCE. OF 21.90 FEET TO A POINT; THENCE CONTINUING ALONG SAID RIGHT-OF-WAY N 36°46’06” W, A DISTANCE OF 46.82 FEET TO A POINT; THENCE S 53°13’54” W, A DISTANCE OF 19.34 FEET TO A POINT; THENCE NORTHWEST ALONG SAID RIGHT-OF-WAY, AND FOLLOWING THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 925.32 FEET, AN ARC LENGTH OF 38.54 FEET, THE CHORD OF WHICH BEARS N 36°16’34” W FOR A DISTANCE OF 38.54 FEET TO A POINT; CONTINUE THENCE ALONG SAID RIGHT-OF-WAY N 36°13’41” W, A DISTANCE OF 280.59 FEET TO A POINT; SAID POINT BEING THE TRUE POINT OF BEGINNING. THUS HAVING ESTABLISHED THE TRUE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID RIGHT-OF-WAY N 36°13’41” W, A DISTANCE OF 60.00 FEET TO A POINT; THENCE LEAVING SAID RIGHT- OF-WAY LINE N 72°29’38” E A DISTANCE OF 184.72 FEET TO A POINT; THENCE S 53°32’23” W, A DISTANCE OF 174.95 FEET TO THE TRUE POINT OF BEGINNING;

 

LESS AND EXCEPT THE FOLLOWING:

 

COMMENCING AT A POINT, SAID POINT BEING AT THE INTERSECTION OF THE NORTHEASTERLY RIGHT-OF-WAY OF SOUTH LEE STREET, (100’ RIGHT-OF-WAY) AND THE EAST RIGHT-OF-WAY OF MADDOX ROAD, (VARIABLE RIGHT-OF-WAY), THENCE 1442.8 FEET NORTH AND NORTHWESTERLY ALONG SAID NORTHEASTERLY RIGHT-OF-WAY TO A POINT, SAID POINT BEING THE TRUE POINT OF BEGINNING. THUS HAVING ESTABLISHED THE TRUE POINT OF BEGINNING; THENCE ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 925.34 FEET AN ARC LENGTH OF 84.60 FEET, THE CHORD OF WHICH BEARS N29°33’29”W FOR A CHORD DISTANCE OF 84.57 FEET TO A POINT; THENCE N53°14’01”E, A DISTANCE OF 21.90 FEET TO A POINT; THENCE N36°45’59”W, A DISTANCE OF 46.82 FEET TO A POINT; THENCE S53°14’01”W, A DISTANCE OF 19.34 FEET, TO A POINT; THENCE ALONG A CURVE TO THE LEFT

 

HAVING A RADIUS OF 925.34 FEET AN ARC LENGTH OF 38.54 FEET, THE CHORD OF WHICH BEARS N36°16’27”W FOR A CHORD DISTANCE OF 38.54 FEET TO A POINT; THENCE N39°13’34”W, A DISTANCE OF 109.96 FEET TO A POINT; THENCE LEAVING SAID RIGHT-OF-WAY; N53°46’26”E, A DISTANCE OF 390.84 FEET TO A POINT; THENCE S35°41’07”E, A DISTANCE OF 283.13 FEET TO A POINT, THENCE S54°18”53”W, A DISTANCE OF 400.09 FEET TO THE TRUE POINT OF BEGINNING.

 

APN: R7560 017

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lassen House Assisted Living)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF RED BLUFF, COUNTY OF TEHAMA, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS;

 

Lots 4, 5 and 6 of Citrus Heights Colony, as the same is shown on the map filed in the Tehama County Recorder’s Office, December 23, 1913, Book F of Maps page 8.

 

Excepting therefrom those portions conveyed to the City of Red Bluff in Deeds recorded June 20, 1962, Book 414, page 3, and July 19, 1962 in Book 415, page 189, Official Records of Tehama County.

 

APN: 033-230-82

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(La Villa Assisted Living and Memory Care Community)

 

All of Wedgwood Summary Plat, in the City of Roswell, County of Chaves and State of New Mexico, as shown on the Official Plat filed in the Chaves County Clerk’s Office on March 14, 1995 and recorded in Book R of Plat Records, at Page 18.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Magnolia Gardens)

 

Lot 1 in Block 1 in Tackett 1st Addition to the City of Muskogee, Muskogee County, Oklahoma, according to the official plat thereof.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Maplewood Senior Living Community)

 

All those certain tracts or parcels of land situate in the City of Bridgeport, Simpson District, Harrison County, West Virginia, and being more particularly bounded and described as follows:

 

TRACT I: Beginning at a 3/4” x 30” rebar at the northernmost corner of that certain 19.52 acre tract owned by The Heritage, Inc.; thence running with the northerly line of said 19.52 acre tract as resurveyed by Hornor Brothers Engineers during June, 1995, S. 69° 47’ 23” E. for 507.38’ to a track spike at the northeast corner of said 19.52 acre tract; thence running with a portion of the easterly line of said 19.52 acre tract and being a line in common with Grafton Coal Company property as resurveyed, S. 22° 35’ 23” E. for 502.73’ to a point; thence leaving the easterly line of said 19.52 acre tract and running with four calculated lines through said 19.52 acre tract as follows:

 

S. 90° 00’ 00” W. for 177.21’ to a point; thence S. 6° 13’ 05” W. for 124.62’ to a point; thence S. 64° 33’ 31” W. for 148.34’ to a point; thence S. 76° 19’ 54” W. for 212.84’ to a 3/4” x 30” rebar at the southernmost corner of an 8.63 acre parcel owned by United Hospital Center and being on an original westerly line of the aforementioned 19.52 acre tract; thence running with the common lines of said United Hospital Center and The Heritage, Inc. for two lines as resurveyed as follows:

 

N. 24° 13’ 17” W. for 133.28’ to a 3’4” x 30” rebar; thence N. 6° 16’ 32” W. for 760.35’ to the place of beginning, containing 8.29 acres and being part of that certain 19.52 acre tract owned by The Heritage, Inc., as recorded in said Clerk’s office in Deed Book No. 1234, at page 425.

 

TRACT II: Beginning at a point located on the common line between Heritage and Grafton and which bears S. 22° 35’ 23” E. 30.65’ from a track spike at the northeast corner of said Heritage property; thence running through the lands of Grafton with three lines as follows: N. 73° 58’ 51” E. for 47.50’ to a point; thence S. 18° 34’ 09” E. for 421.27’ to a point: thence S. 67° 13’ 51” W. for 17.65’ to a point on the common line of Heritage and Grafton; thence running with said common line, N. 22° 35’ 23” W. for 425.72’ to the place of beginning, containing 0.32 acre.

 

TRACT III: Beginning at a 3/4” x 30” rebar at the northwest corner of the 19.52 acre tract owned by The Heritage, Inc.; thence running with a westerly boundary of said 19.52 acre tract by survey meridian in a reverse direction S. 06° 16’ 32” E. for 760.35’ to 3/4” x 30” rebar at the westernmost corner of said 19.52 acre tract, thence running with a part of another westerly boundary of said 19.52 acre tract by survey meridian in a reverse direction S. 24° 13’ 17” E. for 133.28’ to a 3/4” x 30” rebar set; thence running by survey meridian through lands of William E. and Elizabeth M. Morton for five lines as follows: S. 84° 49’ 26” W. for 384.44’ to a

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Maplewood Senior Living Community)

 

3/4” x 30” rebar; thence N. 03° 37’ 57” W. for 121.58’ to a 3/4” x 30” rebar, thence N. 35° 43’ 45” W. for 276.84’ to a twin 12” locust marked with 3 hacks; thence N. 10° 37’ 21” E for 172.36’ to a 3/4” x 30” rebar; thence N. 19° 53’ 46” W. for 145.56’ to a power pole which bears N. 86° 24’ 38’ E. for 101.40’ from a 3/4” x 30” ribar in concrete found on the common line between Lloyd and James Lang and William E. and Elizabeth M. Morton; thence N. 46° 33’ 20” W. for 103.07’ to a 3/4” x 30” rebar (hickory and 2 W. O. stumps gone); thence running by survey meridian N. 41° 36’ 26” E. for 181.84” to a 3/4” x 30” rebar, thence running by survey meridian N. 82° 12’ 37” E. for 389.89’ to the place of beginning and containing 8.63 acres.

 

Said tract or parcel of land has been determined by a survey to be described as follows:

 

All that certain tract or parcel of land situate in Simpson District, Harrison County, West Virginia, and being more particularly bounded and described as follows:

 

Beginning at an iron pin set at the northernmost corner of that certain 19.52 acre tract owned by The Heritage, Inc.; thence running with the northerly line of said 19.52 acre tract S. 69° 47’ 18” E. for 507.39 feet to an iron pin set at the northeast corner of said 19.52 acre tract; thence running with a portion of the easterly fine of said 19.52 acre tract and being a line in common with Grafton Coal Company property as resurveyed, S. 22° 35’ 23” E. for 30.65 feet to an iron pin set; thence running through the lands of Grafton with three lines as follows: N. 73° 58’ 51” E. for 47.50 feet to an iron pin set; thence S. 18° 34’ 09” E. for 421.27 feet to an Iron pin set; thence S. 67° 13’ 51” W. for 17.65 feet to an iron pin set on the common line of Heritage and Grafton; thence running with a portion of the easterly line of said 19.52 acre tract and being a line in common with Grafton Coal Company property as resurveyed, S. 22° 35’ 23” E. for 46.36 feet to an iron pin set; thence leaving the easterly line of said 19.52 acre tract and running with four calculated lines through said 19.52 acre tract as follows: S. 90° 00’ 00” W. for 177.21 feet to a point; thence S. 6° 13’ 05” W. for 124.62 feet to a point thence S. 64° 33’ 31” W. for 148.34 feet to a point; thence S. 76° 19’ 54” W. for 212.82 feet to a point at the southernmost corner of an 8.63 acre parcel now or formerly owned by United Hospital Center and being on an original westerly line of the aforementioned 19.52 acre tract; thence running by survey meridian through lands now or late of William E and Elizabeth M. Morton for five lines as follows: S. 84° 49’ 26” W. for 384.44 feet to a capped pin found; thence N. 03° 37’ 56” W. for 121.58 feet to a capped pin found; thence N. 35° 43’ 45” W. for 276.84 feet to an iron pin set; thence N. 10° 37’ 21” E. for 172.36 feet to an iron pin set; thence N. 19° 53’ 46” W. for 145.56 feet to a power pole; thence N. 46° 33’ 20” W. for 103 07 feet to an iron pin set; thence running by survey meridian N. 41° 36’ 26” E. for 181.84 feet to an iron pin set; thence running by survey meridian N. 82° 12’ 37” E. for 389.89’ to the place of beginning and containing 17.24 acres, more or less, as shown on a survey and plat prepared by LMS Surveying, LLC dated March 7, 2006.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Montclair Park Assisted Living and Memory Care Community)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF KITSAP, STATE OF WASHINGTON, AND IS DESCRIBED AS FOLLOWS:

 

THAT PORTION OF THE SOUTH THREE-QUARTERS OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 14, TOWNSHIP 26 NORTH, RANGE 1 EAST, W M, IN KITSAP COUNTY, WASHINGTON, BEING A PARCEL OF LAND DESCRIBED IN STATUTORY WARRANTY DEED DATED JULY 31, 2007, IN AUDITOR’S FILE NO. 200708010231, RECORDS OF KITSAP COUNTY, DESCRIBED AS FOLLOWS:

 

COMMENCING AT THE NORTHEAST CORNER OF SAID SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER;

THENCE SOUTH 00°56’50” WEST 330.86 FEET TO THE POINT OF BEGINNING OF SAID PARCEL, DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO. 92001 AND THE NORTH LINE OF THE SOUTH THREE-QUARTERS OF SAID SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER; THENCE NORTH 89°04’02” WEST 1327.00 FEET ALONG THE NORTH LINE OF THE SOUTH THREE-QUARTERS OF SAID SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER TO THE NORTHWEST CORNER OF SAID PARCEL DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO. 92001, AND THE TRUE POINT OF BEGINNING;

THENCE ALONG THE WEST LINE OF SAID PARCEL DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO 92001, SOUTH 01°06’38” WEST 911.99 FEET TO THE NORTH MARGIN OF LINCOLN ROAD (OLD COUNTY ROAD #37) BEING SAID COUNTY ROAD DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO. 92001;

THENCE NORTHEASTERLY ALONG SAID NORTH MARGIN OF ROAD NORTH 81°34’50” EAST 161.40 FEET TO THE POINT OF CURVATURE OF A 1402.40 FOOT RADIUS CURVE TO THE LEFT, THENCE ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 05°40’27” FOR AN ARC DISTANCE OF 138 88 FEET TO THE EAST LINE OF THE WEST 6 ACRES DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO 92001;

THENCE ALONG SAID EAST LINE OF THE WEST 6 ACRES, NORTH 01°06’38” EAST 856.45 FEET TO SAID NORTH LINE OF THE SOUTH THREE-QUARTERS OF SAID SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER BEING THE NORTH LINE OF SAID PARCEL DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO. 92001;

THENCE LEAVING SAID EAST LINE OF THE WEST 6 ACRES, NORTH 89°04’02” WEST 294.78 FEET TO THE NORTHWEST CORNER OF SAID PARCEL DESCRIBED IN VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO. 92001, AND THE TRUE POINT OF BEGINNING;

 

EXCEPT THE EAST 22 FEET THEREOF (AS CONVEYED TO THE CITY OF POULSBO BY DEED RECORDED UNDER RECORDING NO. 200105160296),

 

(THE LAND REFERRED TO UNDER VOLUME 100 OF DEEDS, PAGE 428, AUDITOR’S FILE NO 92001 WAS ORIGINALLY DESCRIBED AS FOLLOWS):

 

THE WEST SIX (6) ACRES OF THE FOLLOWING DESCRIBED TRACT OF LAND:

BEGINNING AT A POINT 20 RODS SOUTH OF THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION FOURTEEN (14) IN TOWNSHIP TWENTY-SIX NORTH OF RANGE ONE EAST OF THE WILLAMETTE MERIDIAN, RUNNING THENCE WEST EIGHTY (80) RODS, THENCE SOUTH TO THE COUNTY ROAD (POULSBO-PORT GAMBLE ROAD),

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Montclair Park Assisted Living and Memory Care Community)

 

THENCE FOLLOWING THE SAID COUNTY ROAD IN A NORTHEASTERLY DIRECTION TO THE SECTION LINE BETWEEN SECTION 13 AND SECTION 14;

THENCE NORTH TO PLACE OF BEGINNING;

 

AS SURVEYED LEGAL DESCRIPTION.

 

THAT PORTION OF THE SOUTH THREE-QUARTERS OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 14, TOWNSHIP 26 NORTH, RANGE 1 EAST, W. M., IN KITSAP COUNTY, WASHINGTON, MORE PARTICULARLY DESCRIBED AS FOLLOWS.

 

COMMENCING AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 14, TOWNSHIP 26 NORTH, RANGE 1 EAST, WILLAMETTE MERIDIAN.

 

THENCE SOUTH 00°56’50” WEST A DISTANCE OF 330 86 FEET; THENCE NORTH 89°04’02” WEST A DISTANCE OF 1,054.22 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89°04’02” WEST A DISTANCE OF 272.78 FEET

THENCE SOUTH 01°06’38” WEST A DISTANCE OF 911.99 FEET;

THENCE NORTH 81°34’50” EAST TO A 1,402 04 FOOT RADIUS CURVE LEFT, A DISTANCE OF 161.40 FEET; THENCE, A LENGTH OF 116.14 FEET ALONG THE ARC OF SAID CURVE, SAID CURVE HAVING A CHORD BEARING OF NORTH 79°11’53” EAST AND A CHORD DISTANCE OF 116 11 FEET;

THENCE NORTH 01°06’38” EAST A DISTANCE OF 862.17 FEET TO THE POINT OF BEGINNING:

 

SITUATE IN THE CITY OF POULSBO, COUNTY OF KITSAP, STATE OF WASHINGTON.

 

APN 142601-4-012-2007

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Mountain View, Emeritus at)

 

The Land referred to in this policy is described as follows:

 

A Leasehold Estate in and to the following described premises, as created by that certain Lease dated January 1, 1994, as amended by Lease Amendment No.1 to Ground Lease Agreement dated May 12, 1995, and by Lease Amendment No.2 to Ground Lease Agreement, dated September 15, 1995 (Ground Lease), executed by Ashland Community Hospital Foundation, an Oregon nonprofit corporation, as Lessor, and Ashland Retirement Residence Limited Liability Company, an Oregon limited liability company, as Lessee, as referenced in the document entitled Memorandum of Ground Lease, which was recorded September 25, 1995, at 95-26985 for the term, upon and subject to all the provisions contained in said document, and in said lease:

 

Real property in the City of Ashland, County of Jackson, State of Oregon, described as follows:

 

COMMENCING AT THE NORTHWEST CORNER OF DONATION LAND CLAIM NO.40 IN TOWNSHIP 39 SOUTH, RANGE 1 EAST, OF THE WILLMETTE MERIDIAN, JACKSON COUNTY, OREGON; THENCE SOUTH 00° 02’ 57”1 WEST, ALONG THE WESTERLY LINE OF SAID CLAIM, 271.98 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF THE CENTRAL OREGON AND PACIFIC RAILROAD, (FORMERLY SOUTHERN PACIFIC COMPANY RAILROAD), FOR THE TRUE POINT OF BEGINNING; THENCE, CONTINUE SOUTH 00° 02’ 57” WEST. 256.95 FEET TO AN ANGLE POINT IN THE EASTERLY LINE OF TRACT “A” OF VOLUME 585, PAGE 35, JACKSON COUNTY, OREGON, DEED RECORDS; THENCE SOUTH 28° 10 13” EAST, ALONG SAID EASTERLY LINE AND THE EASTERLY LINE OF VOLUME 411, PAGE 113, SAID DEED RECORDS, 126.03 FEET TO THE SOUTHEASTERLY CORNER THEREOF; THENCE SOUTH 61° 41’ 47” WEST, ALONG THE SOUTHERLY LINE OF SAID LATTER MENTIONED TRACT, 200.00 FEET TO THE EASTERLY RIGHT OF WAY LINE OF NORTH MAIN STREET; THENCE SOUTH 28° 10 13” EAST. ALONG SAID EASTERLY LINE, 296.20 FEET TO THE SOUTHWESTERLY CORNER OF LOT 1, BLOCK 13 IN THE CITY OF ASHLAND, ACCORDING TO THE OFFICIAL 1888 PLAT THEREOF, IN SAID JACKSON COUNTY; THENCE NORTH 61° 41’ 47” EAST, ALONG THE SOUTHERLY LINE OF SAID LOT, 200,00 FEET TO THE SOUTHEASTERLY CORNER THEREOF; THENCE NORTH 28° 10’ 13” WEST, ALONG THE EASTERLY LINE OF SAID LOT, 41.42 FEET; THENCE, LEAVING SAID EASTERLY LINE, NORTH 60° 59’ 05” EAST, TO AND ALONG THE NORTHERLY LINE OF GLENNVIEW ESTATES, A PLANNED UNIT DEVELOPMENT TO THE CITY OF ASHLAND, 276.09 FEET TO THE AFOREMENTIONED SOUTHERLY RIGKT OF WAY LINE OF THE CENTRAL OREGON AND PACIFIC RAILROAD, (FORMERLY SOUTHERN PACIFIC COMPANY RAILROAD); THENCE, ALONG SAID SOUTHERLY LINE, ALONG THE ARC OF A 3407.87 FOOT RADIUS RAILROAD CURVE TO THE LEFT (THE LONG CHORD TO WHICH BEARS NORTH 42° 32’ 36” WEST, 622.64 FEET), AN ARC DISTANCE OF 623.51 FEET TO THE POINT OF BEGINNING.

EXCEPTING THEREFROM THAT PORTION CONVEYED TO THE STATE OF OREGON, BY AND THROUGH ITS DEPARTMENT OF TRANSPORTATION, AS DESCRIBED IN DOCUMENT NO. 95-15462, OFFICAL RECORDS OF JACKSON COUNTY, OREGON.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Orchard Park Assisted Living and Memory Care)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF CLEARLAKE, COUNTY OF LAKE, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:

 

Lying within Section 21, Township 13 North, Range 7 West, M.D.M., in the County of Lake, State of California and within the lands of James W. Wilder, as described in a Deed recorded December 13, 1991, as Document Number 91-025446 of Official Records of Lake County, being Parcels One and Two, as shown on a map filed April 12, 1985 in Book 26 of Parcel Maps, at page 28, lake County Records, described as follows:

 

A portion of Parcels One and Two, as shown on the above mentioned Book 26 of Parcel Maps, at Page 28, more particularly described as follows:

 

BEGINNING at a point on the South line of said Parcel One, distant thereon South 89° 34’ 30” East; 438.75 feet from the Southwest corner thereof; thence parallel to the West line of said Parcel One, South 00° 54’ 00” West, 55.08 feet; thence, South 89° 34’ 30” East, 250.00 feet; thence parallel to the West line of said Parcel One, North 00° 54’ 00” East, 430.00 feet to the South line of Burns Valley Road, said line being the South line of a 25 foot. Roadway and Public Easement as shown on said Parcel Map; thence along said South line of Burns Valley Road North 89° 34’ 28” West, 250.00 feet to the Northeast corner of that certain parcel of land conveyed to the City of Clearlake, in a Deed recorded July 18, 1991, Document No. 91-014387, Official Records of Lake County; thence parallel to the West side of said Parcel One and continuous to last said City of Clearlake parcel South 00° 54’ 00” West, 364.92 feet to the Point of Beginning.

 

Pursuant to Lot Line Adjustment No. 01-99, Recorded July 12, 1999 as Instrument No. 99-011880, Lake County Records.

 

APN: 010-026-420-000

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Palm Court, Emeritus at)

 

ALL that certain piece, parcel or lot of land, together with the improvements thereon, situate, lying and being in the Town of Hilton Head, In the County of Beaufort, State of South Carolina, and being shown and delineated as Parcel 9 on a plat of subdivision of Tax Parcel No. 510-004-0027, Palmetto Hall Commercial Park for Greenwood Development Corporation by Hussey, Gay, Bell & DeYoung dated August 23, 1995, revised July 7, 1998, and being further shown and delineated as 5.177 acres on a plat prepared for Sterling House Corporation by Cox and Dinkins, Inc., dated August 9, 1998 and recorded in the Beaufort County Records in Plat Book 66 at Page 193. For a more complete description as to courses, distances, metes and bounds, reference may be bad to the above stated plat of record.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Palm Village, Emeritus at)

 

ALL that certain piece, parcel or lot of land, lying and being an Hilton Head Island, Beaufort County, South Carolina and being shown and described as Parcel 12-13, Phase 1, Palmetto Hall Commercial Park, on a plat thereof entitled “Palmetto Hall Commercial Park Phase I, Lands of Greenwood Development Corporation, being a portion of the Palmetto Hall Commercial Tract, Hilton Head Island, Beaufort County, south Carolina for Greenwood Development Corporation,” said plat being prepared by Hussey, Gay, Bell & DeYoung, Inc., Consulting Engineers, Savannah, Georgia, James M. Sims, S.C. Reg. L.S. #13169, said plat being dated February 23, 1998, and recorded In Plat Book 64 at Page 133, Beaufort County Records, on April 8, I998. For a more detailed description as to the courses and distances, metes and bounds of the above mentioned parcel, reference is had to said plat of record.

 

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(South Hill, Emeritus at)

(Parkway Village)

 

The West Half of the Northeast Quarter of the Northwest Quarter of the Southeast Quarter of Section 3, Township 24 North, Range 43 East of the Willamette Meridian, in Spokane County, Washington;

 

EXCEPT the East 65 feet of the North 195 feet;

 

ALSO EXCEPT the West 100 feet of the East 165 feet of the North 204 feet;

 

ALSO EXCEPT 57th Avenue Right of Way;

 

ALSO EXCEPT that portion conveyed to Spokane County by Warranty Deed recorded October 9, 1997, under Auditor’s File No. 4149497;

 

Also described as follows;

 

That portion of the West Half of the Northeast Quarter of the Northwest Quarter of the Southeast Quarter of Section 3, Township 24 North, Range 43 East, of the Willamette Meridian, more particularly described as follows:

 

COMMENCING at the center of said Section 3;

Thence North 89°38’40” East along the North line of the Southeast Quarter of said Section 3, a distance of 668.92 feet;

Thence South 00°13’34” East, a distance of 40.00 feet to the Southerly right of way line of East 57th Avenue and the Point of Beginning;

Thence continuing South 00°13’34” East along the Easterly line of JJ Land 3rd Addition as per plat recorded in Volume 20 of Plats, page 11, records of Spokane County, a distance of 622.06 feet to the intersection of the Northerly line of Rodeo Heights as per plat recorded in Volume 20 of Plats, page 87, records of Spokane County and said Easterly line of JJ Land 3rd Addition;

Thence North 89°34’58 East along said Northerly line of Rodeo Heights, a distance of 334.65 feet to the intersection of said Northerly line of Rodeo Heights and the Westerly line of Browne Park Addition as per plat recorded in Volume “1” of Plats, page 27, records of Spokane County;

Thence North 00°13’52” West along said Westerly line of Browne Park Addition, a distance of 466.70 feet;

Thence South 89°38’40” West, a distance of 65.00 feet;

Thence South 00°07’08” East, a distance of 9.00 feet;

Thence South 89°38’40” West, a distance of 100.04 feet;

Thence North 00°13’52” West, a distance of 164.00 feet to said Southerly right of way line of East 57th Avenue;

Thence South 89°38’40”, West along said Southerly right of way line of East 57th Avenue and parallel to said Northerly line of the Southeast Quarter of Section 3, a distance of 169.53 feet to the True Point of Beginning;

 

Situate in the County of Spokane, State of Washington.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(The Plaza at Sun Mountain Independent and Assisted Living Community)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF CL ARK STATE OF NEVADA, AND IS DESCRIBED AS FOLLOWS:

 

Parcel I:

 

Lot One (1) as shown in File 88 of Parcel Maps, Page 83, in the Office of the County Recorder of Clark County, Nevada.

 

Parcel II:

 

Non-exclusive easements for ingress and egress of pedestrian and vehicular traffic as set forth in that certain document entitled “Agreement for Reciprocal Access Easement” recorded December 2, 2005, in Book 20051202, as Instrument No. 01981 of Official Records, Clark County, Nevada.

 

APN: 138-14-501-002

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Quail Hollow Memory Care Community)

 

A portion of Lots 2 and 3, Block 732, PLAT OF RICHLAND, according to the Plat thereof recorded in Volumes 6 and 7 of Plats, records of Benton County, State of Washington, being more particularly described as follows:

 

Commencing at the Southeast corner of said Block 732;

thence North 01°05’48” West along the East line thereof 779.09 feet to the Southerly right-of-way line of Torbett Street;

thence South 88°54’12” West along said right-of-way 410.93 feet to the True Point of Beginning:

 

thence leaving said right-of-way, South 01°05’48” East 376.96 feet;

thence South 88°54’12” West 278.90 feet;

thence North 01°05’48” West 181.18 feet;

thence South 88°54’12” West 32.72 feet;

thence North 01°05’48” West 53.93 feet;

thence North 88°54’12” East 180.05 feet;

thence North 01°05’48” West 143.86 feet to the Southerly right-of-way of Torbett Street;

thence North 88°54’12” East along said right-of-way 129.53 feet to the True Point of Beginning.

 

EXCEPT real property situated in Lots 2 and 3, Block 732, Plat of Richland, according to the plat thereof recorded in Volume 6 and 7 of Plats, records of Benton County, Washington, and being more particularly described as follows.

 

Commencing at the Southeast corner of said Block 732;

thence North 01°05’48” West along the East line thereof 779.09 feet to the Southerly right-of-way line of Torbett Street;

thence South 88°54’12” West along said right-of-way 410.93 feet;

thence leaving said right-of-way, South 01°05’48” East 378.96 feet;

thence South 88°54’12” West 276.90 feet;

thence North 01°05’48” West, 55.10 feet to the True Point of Beginning;

thence North 88°54’12” East. 49.07 feet;

thence North 01°54’48” West 180.00 feet;

thence South 88°54’12” West, 81.78 feet;

thence South 01°05’48” East, 53.93 feet;

thence North 88°54’12” East 32.72 feet;

thence South 01°05’48” East 126.08 feet to the True Point of Beginning.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Arbor, Emeritus at)

 

Real property in the City of Rock Hill, County of York, State of South Carolina, described as follows:

 

ALL THAT CERTAIN PIECE, PARCEL, OR LOT OF LAND, LYING AND BEING IN YORK COUNTY, STATE OF SOUTH CAROLINA, BEING LOCATED AT 1800 INDIA, HOOK ROAD, AND BEING MORE FULLY SHOWN AND DESIGNATED ON PLAT OF PROPERTY SURVEYED FOR SPRING ARBOR ROCK HILL, A VIRGINIA LIMITED PARTNERSHIP, PREPARED BY FISHER-SHERER, INC., DATED SEPTEMBER 16, 1998, LAST REVISED JANUARY 14, 2004, AND RECORDED IN THE OFFICE OF THE CLERK OF COURT FOR YORK COUNTY IN PLAT BOOK C-255 AT PAGE 7, AND HAVING THE FOLLOWING METES AND BOUNDS, TO-WIT:

 

BEGINNING AT A P.K. NAIL LOCATED AT THE INTERSECTION OF THE CENTERLINES OF THE RIGHTS-OF-WAY OF INDIA HOOK ROAD AND STRATFORD LANE, SAID POINT BEING THE POINT OF COMMENCEMENT (P.O.C.), AND RUNNING THEREFROM N 25°57’08” E FOR A DISTANCE OF 44.51’ TO A 3/4” REBAR THAT IS THE POINT OF BEGINNING (P.O.B); THENCE RUNNING ALONG THE NORTHEASTERN RIGHT-OF-WAY OF INDIA HOOK ROAD N 30°02’00”W FOR A DISTANCE OF 324.99’ TO A 5/8” PIN SET; THENCE CONTINUING ALONG THE NORTHEASTERN RIGHT-OF-WAY OF INDIA HOOK ROAD N 29°48’15” W FOR A DISTANCE OF 23.50’ TO A 5/8” PIN; THENCE TURNING AND RUNNING ALONG THE SOUTHERN RIGHT-OF-WAY OF DILWORTH LANE IN A CIRCULAR CURVE TO THE RIGHT, HAVING A RADIUS OF 20.00’, AN ARC DISTANCE OF 31.50’ AND A CHORD BEARING OF N 14°46’38” E AND A CHORD DISTANCE OF 28.34’ TO A 5/8” PIN; THENCE CONTINUING ALONG THE SOUTHERN RIGHT-OF-WAY OF DILWORTH LANE N 59°58’31” E FOR A DISTANCE OF 27.59’, TO A 5/8” PIN, THENCE CONTINUING ALONG THE SOUTHERN RIGHT-OF-WAY OF DILWORTH LANE IN A CIRCULAR CURVE TO THE RIGHT, HAVING A RADIUS OF 120.00’, AN ARC DISTANCE OF 32.19’ AND A CHORD BEARING OF N 67°50’33” E AND A CHORD DISTANCE OF 32.10” TO A 5/8” PIN SET; THENCE CONTINUING ALONG THE SOUTHERN RIGHT-OF-WAY OF DILWORTH LANE N 75° 14’01” E FOR A DISTANCE OF 163.28” TO A 5/8” PIN SET; THENCE CONTINUING ALONG THE SOUTHERN RIGHT-OF-WAY OF DILWORTH LANE IN A CIRCULAR CURVE TO THE RIGHT, HAVING A RADIUS OF 120.00’, AN ARC DISTANCE OF 157.27’ AND A CHORD BEARING OF S.67°10’57” E AND A CHORD DISTANCE OF 146.26’ TO A 5/8” PIN SET; THENCE TURNING AND RUNNING ALONG PROPERTY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., DB 2069 AT PG. 123, S 10°10’01” E FOR A DISTANCE OF 203.73’ TO A 1/2” PIN; THENCE TURNING AND CONTINUING ALONG PROPERTY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., DB 2069 AT PG. 123 N 59°46’22” E FOR A DISTANCE OF 74.90’ TO A 3/4” REBAR; THENCE TURNING AND CONTINUING WITH PROPERTY OF CORNERSTONE DEVELOPMENT OF THE CAROLINAS, INC., DB 2069 AT PG. 123, S 30°13’44” E FOR A DISTANCE OF 240.01’ TO A 1/2” PIPE; THENCE TURNING AND CONTINUING WITH PROPERTY OF CORNERSTONE DEVELOPMENT OF THE CAROLIN AS, INC., DB 2069 AT PG. 123, S 59°46’15” W FOR A DISTANCE OF 119.07’ TO A 1/2” REBAR, THENCE TURNING AND RUNNING ALONG THE PROPERTY OF MICHAEL A. BAILEY AND LINDA M. BAILEY N 30°12’48” W FOR A DISTANCE OF 240.04’ TO A 1/2” REBAR, THENCE TURNING AND CONTINUING WITH SAID BAILEY PROPERTY S 59°48’32” W FOR A DISTANCE OF 281.66’ TO THE POINT OF BEGINNING.

 

TOGETHER WITH AN EASEMENT FOR THE NATURAL FLOW OF ANY ON-PREMISE STORM WATER RUNOFF FROM THE WITHIN DESCRIBED TRACT ONTO THE ADJACENT TRACT FORMERLY OF JOHN J. RAGIN, LOUISA R. DILLS, VICTORIA R. LIDDLE , AND W.S. RAGIN, SUBJECT TO THE CONDITIONS AND AS MORE PARTICULARLY SET FORTH IN THOSE CERTAIN DEEDS RECORDED ON JUNE 14, 1994, AT RECORD BOOK 1029, PAGES 202-208, AND AS MODIFIED BY THE FOLLOWING: AGREEMENT AND MODIFICATION OF EASEMENT BY JOHN J. RAGIN AND LOUISA R. DILLS DATED DECEMBER 16, 1994, AND RECORDED DECEMBER 28, 1994, IN RECORD BOOK 1160 AT PAGE 318; AGREEMENT AND MODIFICATION OF EASEMENT BY W. S. RAGIN DATED DECEMBER 16, 1994, AND RECORDED DECEMBER 28, 1994, IN RECORD BOOK 1160 AT PAGE 321; AND AGREEMENT AND MODIFICATION OF EASEMENT BY VICTORIA R. LIDDLE DATED DECEMBER 19, 1994, AND RECORDED DECEMBER 28, 1994, IN RECORD BOOK 1160 AT PAGE 324, IN THE OFFICE OF THE CLERK OF COURT FOR YORK COUNTY, SOUTH CAROLINA.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Sunrise Creek Assisted Living and Memory Care Community)

 

Tracts G1 and G2

Sunrise Creek II Filing No. 2,

County of Montrose,

State of Colorado

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Main Street, Emeritus at)

(Terrace at Bluegrass)

 

Land in Sumner County, Tennessee, being Lot Nos. 3A and 3B on the Plan of Final Plat of the Resubdivision of Lot No. 3 of Cash Subdivision of record in Plat Book 17, Page 320, in the Register’s Office for Sumner County, Tennessee, to which Plan reference is hereby made for a more complete description of the property.

 

Being the same property conveyed to BRE/SW Bluegrass Terrace LLC, a Delaware limited liability company, by deed from Stayton SW Assisted Living, L.L.C., an Oregon limited liavility company, recorded in Record Book 3316, page 95, in the Register’s Office for Sumner County, Tennessee.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cottages of Albequerque, The)

(The Cottages)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF BERNALILLO, STATE OF NEW MEXICO AND IS DESCRIBED AS FOLLOWS:

 

Lot numbered Eleven-A (11-A), Tract A, Holiday Park, Unit Eleven (11), Albuquerque, New Mexico, as the same is shown and designated on the plat thereof, filed in the office of the County Clerk of Bernalillo County, New Mexico, on August 23, 1995 in Vol. 95C, folio 320.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Heritage, The)

 

N. 24° 13’ 17” W. for 133.28’ to a3/4 x 30” rebar; thence N. 6° 16’ 32” W. for 760.35’ to the place of beginning, containing 8.29 acres and being part of that certain 19.52 acre tract owned by The Heritage, Inc. as recorded in said Clerk’s office in Deed Book No. 1234, at page 425.

 

Said tract or parcel of land has been determined by a survey to be described as follows:

 

All that certain tract or parcel of land situate in Simpson District, Harrison County, West Virginia, and being more particularly described as follows:

 

Beginning at an iron pin set at the southernmost corner of a certain tract or parcel owned by The Heritage, Inc. (Deed Book 1234, Page 425); thence running with five surveyed lines as follows: N. 49° 49’ 22” W. for 427.54 feet to an iron pin found; thence N. 59° 35’ 12” W. for 193.01 feet to an iron pin set; thence N. 58° 02’ 00” W. for 392.81 feet to a capped pin found; thence N. 39° 43’ 37” E. for 130.72 feet to a capped pin found; thence N. 03° 11’ 14’ W. for 95.31 feet to a capped pin found southernmost corner of a certain tract or parcel of land owned by Maplewood Community, Inc. (Deed Book 1297 Page 1160); thence N. 84° 49’ 26” E. for 384.44 feet along a southerly line of the aforementioned Maplewood parcel to an iron pin set at a common corner of said Maplewood and Heritage parcel; thence running with four calculated lines as follows: N. 76° 19’ 54” E. for 212.82 feet to a point; thence N. 64° 33’ 31” E. 148.34 feet to a point; thence N. 6° 13’ 05” E. for 124.67 feet to a point; thence S. 90° 00’ 00” W. for 177.21 feet to an iron pin set; thence along the easternmost boundary line of the Heritage, Inc. S. 22° 35’ 23” E. for 834.89 feet to a capped pin found; thence leaving said property line S. 60° 11’ 37” W.561.17 feet to the place of beginning, and containing 16.81 acres, more or less, as shown on a survey and plat prepared by LMS Surveying, LLC dated March 7, 2006.

 

Together with the easement for ingress to and egress from said tract or parcel of land excepted and reserved by The Heritage, Inc. in a Deed to Maplewood Community, Inc. dated March 25, 1998 and of record in the office of the Clerk of the County Commission of Harrison County, West Virginia, in Deed Book No. 1297, at page 1160.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Heritage, The)

 

FIRST TRACT

 

All that certain tract or parcel of land situate near Bridgeport, in Simpson District, Harrison County, West Virginia, as depicted on a plat of survey prepared in August 1999 by Hornor Brothers Engineers of record in the office of the Clerk of the County Commission of Harrison County, West Virginia and incorporated herein by reference, which tract of land is more particularly described as follows:

 

Beginning at a 3/4” rebar found at the southernmost corner of a certain tract or parcel of land owned by The Heritage, Inc. (Deed Book 1234, Page 425); thence running with five surveyed lines as follows: N. 49° 49’ 22” W. for 427.54 feet to a 3/4” x 30” rebar set with cap; thence N. 59° 35’ 12” W. for 193.01 feet to a 3/4” x30” rebar set with cap; thence N. 58° 02’ 00” W. for 392.81 feet to a 3/4” x 30” rebar set with cap; thence N. 39° 43’ 37” E. for 130.72 feet to a point 3 feet east of a fence post; thence N. 03° 11’ 14” W. for 95.31 feet to a rebar found at the southernmost corner of a certain tract or parcel of land owned by Maplewood Community, Inc. (Deed Book 1297 Page 1160); thence N. 84° 49’ 28” E. for 384.44 feet along a southerly line of the aforementioned Maplewood parcel to a 3/4” rebar found at a common corner of said Maplewood and Heritage parcel; thence S. 24° 13’ 17” E. for 890.25 feet along the westerly line of a certain tract or parcel owned by The Heritage, Inc. to the point of beginning, containing 5.58 acres.

 

SECOND TRACT

 

All that certain tract or parcel of land situate in Simpson District, Harrison County, West Virginia, containing 11.23 acres, more or less, and being more particularly described as follows:

 

Beginning at a point along U.S. Route 50, said point being the northeasternmost corner of the property of The Heritage, Inc.; thence along the easternmost boundary line of The Heritage, Inc. S. 27° 03’ E. 1,337.62 feet to a point; thence leaving said property line S. 55° 44’ W. 561.17 feet to a point; thence N. 28° 39’ W. 1,023.53 feet to a point; thence N. 11° 28’ W. 775.35 feet to a point along U.S. Route 50; thence along U.S. Route 50 S. 74° 15’ E. 507.38 feet to a point, the place of beginning.

 

Excepting therefrom, that tract of land described below:

 

TRACT I: Beginning at a 3/4” x 30” rebar at the northernmost corner of that certain 19.52 acre tract owned by The Heritage, Inc.; thence running with the northerly line of said 19.52 acre tract as resurveyed by Hornor Brothers Engineers during June, 1995, S. 69° 47’ 23” E. for 507.38’ to a tract spike at the northeast corner of said 19.52 acre tract; thence running with a portion of the easterly line of said 19.52 acre tract and being a line in common with Grafton Coal Company property as resurveyed, S. 22° 35’ 23” E. for 502.73’ to a point; thence leaving the easterly line of said 19.52 acre tract and running with four calculated lines through said 19.52 acre tract as follows:

 

S. 90° 00’ 00” W. for 177.21’ to a point thence S. 6° 13’ 05” W. for 124.62’ to a point; thence S. 64° 33’ 31” W. for 148.34’ to a point; thence S. 76° 19’ 54” W. for 212.84’ to a 3/4” x 30” rebar at the southernmost corner of an 8.63 acre parcel owned by United Hospital Center and being on an original westerly line of the aforementioned 19.52 acre tract; thence running with the common lines of said United Hospital Center and The Heritage, Inc. for two lines as resurveyed as follows:

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(The Oaks, Emeritus at)

 

Lot 1, Block 2, Vintange Hill First Addition to the City of Wayne, Wayne County, Nebraska; and Lot 20, Block 5, Vintange Hill 2nd Addition to the City of Wayne, Wayne County, Nebraska.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Bellevue Place, Emeritus at)

(Waterford in Bellevue)

 

Land in Davidson County, Tennessee, being Lot No. 3 on the Plan of Resubdivision of Lots 9 and 10, Bellevue Professional Park of record in Book 9700, page 782, in the Register’s Office for Davidson County, Tennessee, to which Plan reference is hereby made for a more complete description of the property.

 

Being the same property conveyed to BRE/SW Waterford in Bellevue LLC, by deeds recorded as Instrument Nos. 20100823-0066480, 20100823-0066481 and 20100823-00066482, in the Register’s Office of Davidson County, Tennessee.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Willows Assisted Living and Memory Care Community, The)

 

Being Lot One (1), of the Replat of Lot 1-B of POST OAK CROSSING, an Addition to the City of Sherman, Texas, as shown by Plat of record in Volume 10, Page 13, Plat Records, Grayson County, Texas.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cordova, Emeritus at)

 

Land situated in Shelby County, Tennessee:

 

Part of the Applingwood Planned Development (P.D. 88-321CC) situated in Shelby County, Tennessee:

 

Commencing at the tangent intersection of the southwest R.O.W. line of Appling Road (108 foot R.O.W.) with the northwest dedicated R.O.W. line of Dexter Grove Drive (68 foot R.O.W. - not improved); thence South 48 degrees 19 minutes 56 seconds West along said northwest line 17.08 feet to a point of curve; thence Southwestwardly, along said northwest line, along a curve to the left having a radius of 859.00 feet (central angle - 14 degrees 07 minutes 23 seconds, chord bearing - South 41 degrees 16 minutes 18 seconds West, chord distance - 211.20) an are distance of 211.74 feet to a point; thence South 34 degrees 12 minutes 36 seconds West - 56.37 feet to a point in the north line of the Shelby County Conservation Board property (Book 5529 - Page 4, Shelby County Register’s Office - S.C.R.O); thence South 89 degrees 21 minutes 47 seconds West along said north line 4.65 feet to the true Point of Beginning, thence continuing along the north line of said Shelby County property South 89 degrees 21 minutes 47 seconds West - 647.03 feet to a point in the east line of Bridgewater Subdivision (Plat Book 10, Page 50 S.C.R.O.); thence along said east line North 00 degrees 45 minutes 40 seconds West - 47.35 feet to a point being the northeast corner of Lot 100, Bridgewater Subdivision; thence North 00 degrees 29 minutes 24 seconds West - 149.61 feet to a point being the northeast corner of Lot 101, Bridgewater Subdivision; thence North 00 degrees 40 minutes 49 seconds West along said east line 191.60 feet to a point; thence North 90 degrees 00 minutes 00 seconds East - 300.38 feet to a point of curve; thence Northeastwardly along a curve to the left having a radius of 149.94 feet (central angle - 22 minutes 49 minutes 47 seconds; chord bearing - North 78 degrees 35 minutes 07 seconds East; Chord distance - 59.35 feet) an arc distance of 59.74 feet to a point; thence South 36 degrees 39 minutes 53 seconds East - 490.05 feet to the Point of Beginning.

 

Together with Reciprocal Maintenance, Ingress and Egress Agreement recorded at Instrument No. FT 4121, as amended by Amended and Restated Reciprocal Maintenance, Ingress and Egress Agreement recorded at Instrument No. FU 6982, both recordings in the Register’s Office of Shelby County, Tennessee.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Woodstock Estates, Emeritus at)

 

All that tract or parcel of land lying and being in Land Lot 1212 of the 15th District, 2nd Section, Cherokee County, Georgia, and being more particularly described as follows:

 

To find the true point of beginning, begin at the point of intersection of the West right of way line of Professional Parkway (formerly known as Tucker Road) (a 60' right of way) with the North right of way line of Stockwood Drive (a 50-foot right of way); run thence northerly along the West right of way line of Professional Parkway a distance of 317.74 feet to a point, which is the true place or point of beginning; from said beginning point as thus established, run thence leaving said right of way North 88 degrees 49 minutes 03 seconds West a distance of 514.37 feet to a point; run thence North 26 degrees 01 minutes 17 seconds East a distance of 214.28 feet to a point; run thence North 19 degrees 26 minutes 10 seconds West a distance of 98.56 feet to a point; run thence North 68 degrees 22 minutes 16 seconds East a distance of 99.39 feet to a point; run thence South 89 degrees 17 minutes 36 seconds east a distance of 141.46 feet to a point on the West right of way line of Professional Parkway; run thence South and Southeast along the West right of way line of Professional Parkway, and following the arc of a curve to the left, having a radius of 205.00 feet, and a chord of South 24 degrees 31 minutes 48 seconds East 112.81 feet, an arc distance of 114.28 feet to a point; run along said right of way line South 40 degrees 30 minutes 00 seconds East a distance of 216.68 feet to a point; continue thence southeast along said right of way line, and following the arc of a curve to the right, having a radius of 146.31 feet and a chord bearing South 26 degrees 26 minutes 55 seconds East 71.05 feet, an arc distance of 71.77 feet to a point; which is the true place or point of beginning.

 

Together with land contained Easement Agreement from Pierce Neese R. Max Stancil and Steven L. Stancil to Kramer Holdings, Inc., dated 12/13/1995, recorded in Deed Book 2256 Page 114, Cherokee County, Georgia Records.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(River Road Assisted Living Residence)

 

Parcel 1:

 

Lots 12, 13 and 14, FIR DALE, in the City of Keizer, County of Marion and State of Oregon.

 

Save and except that portion conveyed to Marion County by deed recorded July 3, 1982 in Reel 267, Page 1115.

 

Parcel 2:

 

Beginning at a point in the middle of River Road, said point being 3954.93 feet South from the Northeast corner of Donation Land Claim of T. D Keizer, et ux, in Township 7 South, Range 3 West of the Willamette Meridian in Marion County, Oregon, and running thence South 0 “ 50’ East along the center line of said River Road 100 feet; thence South 89 “ 56’ East 230 feet; thence North 0 “ 50’ West parallel to the center line of said River Road 100 feet; thence North 89 “ 56’ West 230 feet to the place of beginning.

 

Save and except that portion conveyed to Marion County, a political subdivision of the State of Oregon, recorded January 7, 1981 in Reel 237, Page 1675.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Windfield Village Retirement and Residential Care Community)

 

Parcel 2, PARTITION PLAT NO. 1990-114, in the City of Wilsonville, County of Clackamas and State of Oregon.

 

 

 

EXHIBIT A-3

 

(List of Pool 3 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

[See attached.]

 

Exhibit A-3

 

 

 

EXHIBIT A-3

 

(List of Pool 3 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	
Lease Pool 3

	 	  	  	  	  	  	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 
	 	 	  	  	  	  	  	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 
	 	656	 	
Absaroka

	
2401 Cougar Ave

	
Cody

	
WY

	
HCP SH ELP3 Properties, LLC

	 	 	46	 	 	 	[	***]	
46-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	530	 	
Apple Ridge

	
1640 South Quebec Wy

	
Denver

	
CO

	
HCP SH ELP1 Properties, LLC

	 	 	66	 	 	 	[	***]	
66-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	557	 	
Cambridge Place

	
1104 Sixth Ave N

	
Great Falls

	
MT

	
HCP SH ELP3 Properties, LLC

	 	 	61	 	 	 	[	***]	
61-unit independent living and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	633	 	
Carriage Inn

	
401 Northshore Blvd

	
Portland

	
TX

	
HCP SH ELP3 Properties, LLC

	 	 	110	 	 	 	[	***]	
94-unit independent living, 16-unit cottage and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	575	 	
Cedar Ridge

	
10107 S Garnett Rd

	
Broken Arrow

	
OK

	
HCP SH ELP3 Properties, LLC

	 	 	62	 	 	 	[	***]	
5-unit cottage, 45-unit assisted living care, 12-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	590	 	
Century Fields

	
181 South 5Th St

	
Lebanon

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	92	 	 	 	[	***]	
9-unit cottage, 83-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	552	 	
Champlin Shores

	
119 Hayden Lake Rd

	
Champlin

	
MN

	
HCP SH ELP3 Properties, LLC

	 	 	133	 	 	 	[	***]	
119-unit assisted living care, 14-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	586	 	
Chestnut Lane

	
1219 NE 6Th St

	
Gresham

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	70	 	 	 	[	***]	
70-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	550	 	
Culpepper Place

	
2121 New Holt Rd

	
Paducah

	
KY

	
HCP SH ELP3 Properties, LLC

	 	 	61	 	 	 	[	***]	
61-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	639	 	
Dry Creek

	
818 E Mountain View Ave

	
Ellensburg

	
WA

	
HCP SH ELP3 Properties, LLC

	 	 	75	 	 	 	[	***]	
5-unit cottage, 70-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
6 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2026.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-3

 

(List of Pool 3 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	591	 	
Hillside

	
300 NW Hillside Parkway

	
Mcminnville

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	324	 	 	 	[	***]	
138-unit independent living, 99-unit cottage, 47-unit assisted living care, 20-unit Alzheimer’s care, 20-unit skilled nursing facility and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	539	 	
Lake Pointe

	
45 E Walnut St

	
Hartwell

	
GA

	
HCP SH ELP3 Properties, LLC

	 	 	34	 	 	 	[	***]	
21-unit assisted living care, 13-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	609	 	
Laurel Gardens

	
1938 Mountain Laurel Ct

	
Florence

	
SC

	
HCP Senior Housing Properties Trust

	 	 	61	 	 	 	[	***]	
51-unit assisted living care, 10-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	651	 	
Legacy Gardens

	
1601 Wheeler Rd

	
Madison

	
WI

	
HCP SH ELP1 Properties, LLC

	 	 	62	 	 	 	[	***]	
62-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
6 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	625	 	
Medallion

	
12400 Preston Rd

	
Dallas

	
TX

	
HCP SH ELP3 Properties, LLC

	 	 	101	 	 	 	[	***]	
77-unit assisted living care, 24-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	641	 	
Moses Lake

	
8425 Aspi Blvd

	
Moses Lake

	
WA

	
HCP SH ELP3 Properties, LLC

	 	 	74	 	 	 	[	***]	
4-unit cottage, 70-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	533	 	
Mountain Laurel

	
1177 Hebron Ave

	
Glastonbury

	
CT

	
HCP SH Mountain Laurel, LLC

	 	 	81	 	 	 	[	***]	
63-unit assisted living care, 18-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	548	 	
Northpark Place

	
2562 Pierce St

	
Sioux City

	
IA

	
HCP SH ELP3 Properties, LLC

	 	 	106	 	 	 	[	***]	
48-unit independent living, 58-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	652	 	
Oakridge

	
5625 Sandpiper Dr

	
Stevens Point

	
WI

	
HCP SH Oakridge, LLC

	 	 	147	 	 	 	[	***]	
56-unit independent living, 75-unit assisted living care, 16-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	592	 	
Osprey Court

	
320 SW Hill Rd

	
Mcminnville

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	31	 	 	 	[	***]	
31-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2026.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-3

 

(List of Pool 3 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	595	 	
Oswego Springs

	
11552 SW Lesser Rd

	
Portland

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	68	 	 	 	[	***]	
68-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	561	 	
Park Avenue Estates

	
1811 Ridgeway Dr

	
Lexington

	
NE

	
HCP SH ELP1 Properties, LLC

	 	 	76	 	 	 	[	***]	
23-unit independent living, 53-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
6 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	596	 	
Park Place OR

	
8445 SW Hemlock St

	
Portland

	
OR

	
HCP SH ELP1 Properties, LLC

	 	 	112	 	 	 	[	***]	
112-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	538	 	
Peachtree Village GA

	
199 W West Gary Rd

	
Commerce

	
GA

	
HCP SH ELP3 Properties, LLC

	 	 	54	 	 	 	[	***]	
12-unit cottage, 27-unit assisted living care, 15-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	629	 	
Plaza on the River

	
135 Plaza Dr

	
Kerrville

	
TX

	
HCP SH ELP1 Properties, LLC

	 	 	245	 	 	 	[	***]	
143-unit independent living, 38-unit assisted living care, 64-unit skilled nursing facility and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	600	 	
Rose Valley

	
33800 SE Frederick St

	
Scappoose

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	64	 	 	 	[	***]	
64-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	665	 	
Rose Valley Cottages

	
33800 SW Fredrick St

	
Scappoose

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	15	 	 	 	[	***]	
15-unit cottage and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	566	 	
Sandia Springs

	
1000 Riverview Dr Se

	
Rio Rancho

	
NM

	
HCP SH ELP3 Properties, LLC

	 	 	113	 	 	 	[	***]	
12-unit cottage, 84-unit assisted living care, 17-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	597	 	
Sellwood Landing

	
8517 SE 17Th Ave

	
Portland

	
OR

	
HCP SH Sellwood Landing, LLC

	 	 	89	 	 	 	[	***]	
89-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	640	 	
Spring Estates

	
7221 NE 182nd St

	
Kenmore

	
WA

	
HCP SH ELP3 Properties, LLC

	 	 	92	 	 	 	[	***]	
72-unit assisted living care, 20-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2026.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

EXHIBIT A-3

 

(List of Pool 3 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	670	 	
Spring Meadow Cottages

	
1357 Redwood Cir

	
Grants Pass

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	28	 	 	 	[	***]	
28-unit cottage and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	667	 	
Spring Meadow Retirement

	
1357 Redwood Cir

	
Grants Pass

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	122	 	 	 	[	***]	
122-unit independent living and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	543	 	
Spring Mountain

	
1790 Powder Springs Rd SW

	
Marietta

	
GA

	
HCP SH ELP3 Properties, LLC

	 	 	57	 	 	 	[	***]	
44-unit assisted living care, 13-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	584	 	
Spring Pointe

	
1400 Redwood Cir

	
Grants Pass

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	56	 	 	 	[	***]	
56-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	585	 	
Spring Village

	
1420 Redwood Cir

	
Grants Pass

	
OR

	
HCP SH ELP3 Properties, LLC

	 	 	82	 	 	 	[	***]	
12-unit cottage, 70-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
10 Years and 11 Months

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	545	 	
Stone Mountain

	
1745 Parke Plaza Cir

	
Stone Mountain

	
GA

	
HCP SH ELP1 Properties, LLC

	 	 	40	 	 	 	[	***]	
30-unit assisted living care, 10-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	657	 	
Sugarland Ridge

	
1551 Sugarland Dr

	
Sheridan

	
WY

	
HCP SH ELP1 Properties, LLC

	 	 	67	 	 	 	[	***]	
12-unit cottage, 55-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	541	 	
Sweetwater Springs

	
1600 Lee Rd

	
Lithia Springs

	
GA

	
HCP SH ELP1 Properties, LLC

	 	 	54	 	 	 	[	***]	
36-unit assisted living care, 18-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
6 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	546	 	
Terrace at Woodstock

	
756 Neese Rd

	
Woodstock

	
GA

	
HCP SH ELP3 Properties, LLC

	 	 	72	 	 	 	[	***]	
58-unit assisted living care, 14-unit Alzheimer’s care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	468	 	
Villa Del Rey Retirement

	
2801 N Kentucky Ave

	
Roswell

	
NM

	
HCP SH ELP1 Properties, LLC

	 	 	131	 	 	 	[	***]	
131-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2026.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A-3

 

(List of Pool 3 Facilities, Facility Description and Primary Intended Use, Fixed and Extended Terms, and Initial Annual Allocated Minimum Rent and Allocated Initial Investment)

 

	 	 	  	  	  	  	  	 	 	 	 	
Stable

	 	  	
Lease Term

	 	
Initial Annual

Allocated

Minimum

	 	 	
Allocated

Initial

	 
	
ID#

	 	
Facility

Name

	
Address

	
City

	
State

	
Lessor

	 	
Total

Units

	 	 	
/ Non-

Stable

	 	
Primary Intended Use

	
Initial*

	
1st

Extension

	
2nd

Extension

	 	
Rent (in

$MM)

	 	 	
Investment

(in $MM)

	 
	 	562	 	
Willow Ridge

	
1500 East 11th St

	
Mc Cook

	
NE

	
HCP SH ELP1 Properties, LLC

	 	 	91	 	 	 	[	***]	
57-unit independent living, 34-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
6 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	 	 	
Total Lease Pool 3 (41 Properties)

	  	  	 	 	3,525	 	 	 	 	 	  	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	
Lease Pool 3 Potential Facility**

	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	 	 	  	  	  	  	  	 	 	 	 	 	 	 	 	  	  	  	  	 	 	 	 	 	 	 	 
	 	589	 	
Eldorado Heights

	
2130 N Eldorado Ave

	
Klamath Falls

	
OR

	
HCP SH Eldorado Heights, LLC

	 	 	60	 	 	 	[	***]	
60-unit assisted living care and such other uses necessary or incidental to such use

	
14 Years

	
10 Years

	
9 Years

	 	 	[	***]	 	 	[	***]

 

 

* Initial Term shall commence on October 31, 2012 and expire on September 30, 2026.

 

** The foregoing facility listed under the heading “Lease Pool 3 Potential Facility” may be acquired by Lessor or an Affiliate of Lessor pursuant to the Purchase Agreement after the Commencement Date.  Such facility shall not constitute a “Facility” or be included in the “Leased Property” unless and until this Lease is amended in accordance with the provisions of Section 45.1.20.3 to include such facility in the “Leased Property”.

 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.

 

 

 

EXHIBIT A

 

LEGAL DESCRIPTION

(Absaroka, Emeritus at)

 

Lot 18, Deer Haven Addition to the City of Cody, according to the official plat filed May 6, 2002 in Book G of Plats, at page 81, Park County, Wyoming.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Highline, Emeritus at)

(Apple Ridge)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF ARAPAHOE, STATE OF COLORADO, AND IS DESCRIBED AS FOLLOWS:

 

Parcel A:

 

Lot 1,

Skyview Village Subdivision Filing No. 2,

County of Arapahoe,

State of Colorado.

 

Parcel B:

 

Non-exclusive easement for pedestrian and vehiclular access as set forth and more fully described in that certain Driveway Easement and Maintenance Agreement recorded February 17, 2004 at Reception No. B4028351,

County of Arapahoe,

State of Colorado.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cambridge Place, Emeritus at)

 

Lots 1, 2, 3, 4, 5, 6 and 7, of Certificate of Survey 3017 filed July 26, 1994, located in Lots 1, 2, 3, 4, 5, 6 and 7, Block 180, GREAT FALLS WATER POWER AND TOWNSITE COMPANY’S FIRST ADDITION to Great Falls, Townsite, Cascade County, Montana.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Carriage Inn, Emeritus at)

 

Lot One (1), Block Fifteen (15), NORTH SHORE UNIT THREE (3), an Addition to the Town of Portland in San Patricio County, Texas, as shown by map or pint of same recorded under County Clerk’s File No. 343755 Real Property Records of San Patricio County, Texas, and in Envelope A-46, Tube 32-3, Map Records of San Patricio County, Texas.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Cedar Ridge, Emeritus at)

 

TRACT 1

 

Lot One (1), Block One (1), THE VYNE AT CEDAR RIDGE II, an Addition to the City of Broken Arrow, Tulsa County, State of Oklahoma, according to the recorded plat thereof.

 

TRACT 2

 

Lot One (1), Block One (1), THE VYNE AT CEDAR RIDGE, an Addition to the City of Broken Arrow, Tulsa County, State of Oklahoma, according to the recorded plat thereof.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Century Fields, Emeritus at)

 

The Land referred to in this policy is described as follows:

 

Parcel 1 of Partition Plat No. 2004-74, recorded December 29, 2004 in the Record of Partition Plats for Linn County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Champlin Shores Assisted Living)

 

The West 387.85 feet of the East 520 35 feet of the South 445.5 feet of the Southwest Quarter of the Southwest Quarter of Section 19, and the North 220.5 feet of the South 445 5 feet of the West 113 9 feet of the East 634 25 feet thereof, and the North 33 feet of the South 478 5 feet of the West 341 81 feet of the East 634.25 feet thereof, except the Southerly 33 00 feet for road purposes, Section 19, Township 120, Range 21, Hennepin County, Minnesota.

 

Abstract Property

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Chestnut Lane Assisted Living Community)

 

TRACT 1:

 

Parcel 2, PARTITION PLAT NO. 2001-57, in the City of Gresham, County of Multnomah and State of Oregon.

 

EXCEPTING THEREFROM that portion described in Dedication Deed to the public recorded October 17, 2003, as Fee No. 2003-249227,

 

ALSO EXCEPTING THEREFROM that portion described in Dedication Deed to the public recorded October 17, 2003, as Fee No. 2003-249228.

 

TRACT 2:

 

A Private fire land easement over the Westerly portion of Parcel 3 as set forth on PARTITION PLAT NO. 2001-57, in the City of Gresham, County of Multnomah and State of Oregon.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Culpepper Place Assisted Living Community)

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF McCRACKEN, STATE OF KENTUCKY, AND IS DESCRIBED AS FOLLOWS:

 

Real Property

Legal Description

 

Real property in the City of Paducah, County of McCracken, State of Kentucky, described as follows:

 

Being a 5.6197 acre tract, depicted as Tract A, on the Waiver of Subdivision Plat for Paducah Assisted Living, LLC, of record in Plat Section L, Page 1720, in the McCracken County Court Clerk’s Office.

 

Being in all respects the same property conveyed to BRE/SW CULPEPPER PLACE, LLC, by the following deeds:

 

	
  

	
1.                                      Deed from SWP’s Culpepper Place, LLC, dated July 27, 2010, of record in Deed Book 1202, page 9, McCracken County Clerk’s Office;

	
  

	
 

	
  

	
2.                                      Deed from Baxter’s Culpepper Place, LLC, dated August 5, 2010, of record in Deed Book 1202, page 18, aforesaid clerk’s office;

	
  

	
 

	
  

	
3.                                      Deed from Evonuk’s Culpepper Place, LLC, dated August 5, 2010, of record in Deed Book 1202, page 27, aforesaid clerk’s office;

	
  

	
 

	
  

	
4.                                      Deed from Levine’s Culpepper Place, LLC, dated August 5, 2010, of record in Deed Book 1202, page 36, aforesaid clerk’s office;

	
  

	
 

	
  

	
5.                                      Deed from Yudess’ Culpepper Place, LLC, dated August 5, 2010, of record in Deed Book 1202, page 46, aforesaid clerk’s office;

	
  

	
 

	
  

	
6.                                      Deed from Parrish’s Culpepper Place, LLC, dated August 5, 2010, of record in Deed Book 1202, page 55, aforesaid clerk’s office; and

	
  

	
 

	
  

	
7.                                      Deed from Stayton SW Assisted Living LLC, et al., by deed dated August 5, 2010, of record in Deed Book 1201, page 742, aforesaid clerk’s office.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Dry Creek Assisted Living Community)

 

The Land referred to herein below is situated in the County of Kittitas, State of Washington, and is described as follows:

 

Lot 2, of BETH-EL CHRISTIAN SHORT PLAT, Short Plat No. CSP 82-05, recorded July 26, 1981, in Book B of Short Plats, page 60, under Auditor’s File No. 463030, records of Kittitas County, State of Washington; being a portion of Section 12, Township 17 North, Range 18 East, W.M., in the County of Kittitas, State of Washington.

 

Tax Parcel No: 17-18-12052-0006 (796636)

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Assisted Living, Terrace at)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet; thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Assisted Living, Terrace at)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Memory Care, Courtyard at)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Memory Care, Courtyard at)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement Community)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement Community)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement Community, Garden Cottages at)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement Community, Garden Cottages at)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement, Manor at)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet; thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement, Manor at)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement, Traditions at)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet; thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside Retirement, Traditions at)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside, Village at)

 

PARCEL 1: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian, in a portion of the Solomon Beary Donation Land Claim No. 54, Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod in the East line of Lot 1, C.S. 2219, Volume G, Page 85, said iron rod being South 89°39’00” West, 2025.41 feet and North 00°00’37” West, 1873.94 feet from the Northwest corner of the S. F. Stagg Donation Land Claim No. 55; thence South 89°58’26” West, 747.75 feet along the North line of that tract of land described in deed from Kauer, House and Allen to Church of the Nazarene of McMinnville and recorded in Film Volume 167, Page 1448, Yamhill County Deed and Mortgage Records, to an iron rod on the East margin of Hill Road (40 feet from center line) as described in deed to the City of McMinnville and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records; thence North 04°37’13” East, 194.18 feet along said East margin to an iron rod at the beginning of a curve concave to the Southeast and having a radius of 400.00 feet; thence Northeasterly, 364.27 feet along said East line (Chord = North 30°41’48” East, 351.81 feet) to an iron rod; thence North 56°47’08” East, 163.90 feet along said East line to an iron rod in the South margin of Hill Road; thence South 89°16’50” East, 67.01 feet to an iron rod at an angle in said margin; thence North 22°57’59” East, 32.41 feet along said South margin to a point on the North line of Lot 1 of C.S.-2219; thence South 89°17’47” East, 3.13 feet along said North line to the Southwest corner of that certain tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 29°23’07” East, 270.29 feet along the West line of said tract to a 3/4 inch iron pipe; thence continuing North 29°23’07” East, 4.41 feet to the West line of Parcel 2 of that tract of land described in deed to Hillside Manor. Inc., and recorded in Instrument No. 199700837, Deed and Mortgage Records; thence North 00°12’11” East, 28.43 feet to the Northwest corner of said Hillside Manor, Inc. tract; thence South 89°37’47” East, 390.88 feet to the Northeast corner of said Hillside Manor, Inc. tract; thence South 00°44’11” West, 270.37 feet along the East line of said Hillside Manor, Inc. tract to an iron rod on the North line of the Solomon Beary Donation Land Claim No. 54; thence South 89°29’50” East, 560.87 feet along said North line to the Northwest corner of Parcel “A” of that certain tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 138.70 feet along the West line of said Parcel “A”, which is a non-tangent curve concave to the East having a radius of 575.00 feet (chord = South 06°53’34” East, 138.36 feet) to the beginning of a curve concave to the West having a radius of 553.56 feet; thence Southerly, 54.77 feet (chord = South 10°58’07” East, 54.75 feet) along said West line to a point on the East line of Parcel 1 of that tract of land described in deed to Hillside Manor a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence South 00°00’24” East, 156.52 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Film Volume 285, Page 1423, Deed and Mortgage Records; thence Southerly, 54.77 feet along the West line of said Parcel “B” which is a non-tangent curve concave to the West having a radius of 553.56 feet (chord = South 10°57’19” West, 54.75 feet) to the beginning of a curve concave to the East having a radius of 575.00 feet; thence Southerly, 138.46 feet along said West line (chord = South 06°53’29” West, 138.12 feet) to the Northwest corner of Parcel “A” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records; thence Southerly, 176.91 feet along the West line of said Parcel “A” (chord = South 08°49’14” East, 176.21 feet) to a point on the East line of said Parcel 1 of said Hillside Manor tract; thence South 00°00’24” East, 333.49 feet along said East line to the North corner of Parcel “B” of that tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802613, Deed and Mortgage Records, being the beginning of a curve concave to the West and having a radius of 450.00 feet; thence Southerly, 10.81 feet (chord = South 18°18’04” West, 10.81 feet) along the West line of said Parcel “B” to the beginning of a curve concave to the East having a radius of 450.00 feet; thence Southerly, 149.07 feet (chord = South 09°29’57” West, 148.39 feet) along the West line of said Parcel “B”; thence South 00°00’33” West, 24.50 feet along said West line to the Northwest corner of that certain tract of land described in deed to the City of McMinnville and recorded in Instrument No. 199802612, Deed and Mortgage Records; thence South 00°00’24” East, 456.82 feet along the West line of said City of McMinnville tract to the North line of COUNTRY CROSSINGS; thence South 89°40’35” West, 172.09 feet to the Northwest corner of COUNTRY CROSSINGS; thence South 00°00’24” East, 760.00 feet along the West line of COUNTRY CROSSINGS to

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Hillside, Village at)

 

the North margin of West 2nd Street (30.00 feet from center line); thence South 89°39’00” West, 437.74 feet along said North margin to the Southeast corner of Parcel 2 of Yamhill County Partition Plat No. 1990-14; thence North 00°00’10” West, 311.16 feet to the Northeast corner of said Parcel 2; thence South 89°39’00” West, 140.00 feet to the Northwest corner of said Parcel 2; thence North 00°00’10” West, 905.46 feet along the West line of Parcel 1 of said Partition Plat to the Northwest corner of said Parcel 1 and the Southwest corner of Parcel 1 of that tract of land described in deed to Hillside Manor, a Christian Retirement Center, Inc., and recorded in Film Volume 252, Page 71, Deed and Mortgage Records; thence North 00°00’10” East, 627.47 feet along the West line of said Parcel 1 to the POINT OF BEGINNING.

 

PARCEL 2: A tract of land in Section 18, Township 4 South, Range 4 West, Willamette Meridian, Yamhill County, Oregon, being part of that tract of land described in deed from Vierra to Mark Smith and recorded in Film Volume 240, Page 511, Yamhill County Deed and Mortgage Records, and being more particularly described as follows:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Mark Smith to McMinnville School District No. 40, said Southeast corner being on the West margin of Hill Road (30 feet from center line); thence South 89°47’49” East, 30.00 feet to the center line of Hill Road; thence South 00°12’11” West, 514.90 feet along said center line and the Southerly extension of said center line to the Southeast corner of that tract of land described in deed to Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°16’50” West, 555.12 feet along the South line of said Muhs tract (South line of Section 18); thence Northerly, 33.36 feet along a curve concave to the East having a radius of 550.00 feet (chord = North 26°38’16” East, 33.35 feet); thence continuing Northerly, 340.11 feet along said curve (chord = North 46°05’26” East, 334.71 feet) to the beginning of a curve concave to the Northwest having a radius of 450.00 feet; thence Northerly, 361.84 feet along said curve (chord = North 40°46’12” East, 352.17 feet) to the Southerly line of said McMinnville School District No. 40 tract; thence South 63°12’07” East, 45.74 feet to the POINT OF BEGINNING.

 

SAVE AND EXCEPTING THEREFROM the following described tract of land:

 

BEGINNING at the Southeast corner of that tract of land described in deed from Fred W. Muhs to Anna K. Muhs and recorded in Book 117, Page 283, Deed Records; thence North 89°11’ West, 133.94 feet to an iron pipe on the edge of the road; thence North 31°46’30” East, 271 feet to an iron pipe on the edge of the road; thence South 02°10’ West, 232.46 feet to the POINT OF BEGINNING.

 

PARCEL 3: A tract of land in Section 19, Township 4 South, Range 4 West, Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:

 

BEGINNING at an iron rod set in CSP-7633 at the Northwest corner of that tract of land described in deed to the City of McMinnville, and recorded in Film Volume 151, Page 2118, Deed and Mortgage Records, being a point on the Southerly margin of Hill Road (30 feet from the centerline); thence North 89°16’50” West, 151.53 feet to the intersection of said Southerly margin with the Easterly margin of Hill Road (30 feet from center line); thence South 04°36’24” West, 146.84 feet along said Easterly margin to an iron rod; thence Northeasterly, 174.59 feet along the Westerly line of said City of McMinnville, which is a non-tangent curve concave to the Southeast and having a radius of 480.00 feet (chord = North 46°21’56” East, 173.63 feet) to an iron rod; thence North 56°47’08” East, 45.00 feet to the POINT OF BEGINNING.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Lake Pointe Assisted Living and Memory Care Community)

 

All that tract or parcel of land lying, situate and being located in the County of Hart, State of Georgia, and being more particularly described as follows:

 

BEGINNING at a nail and cap at the intersection of the Southern Right-of-Way of Walnut Street, said nail and cap being the POINT OF BEGINNING; thence as the Right-of-Way of Walnut Street, South 08 degrees 03 minutes 31 seconds East, 175.08 feet to an open top pipe; thence leaving the Right-of-Way of Walnut Street, South 81 degrees 48 minutes 47 seconds West, 5.55 feet to a %4 rebar; thence South 81 degrees 55 minutes 55 seconds West, 221.63 feet to a %4 rebar; thence South 81 degrees 56 minutes 10 seconds West, 159.99 feet to an open top pipe; thence North 08 degrees 03 minutes 20 seconds West, 175.03 feet to an open top pipe on the Southern Right-of-Way of East Johnson Street; thence as the Right-of-Way of East Johnson Street, North 81 degrees 55 minutes 31 seconds East, 387.16 feet to the POINT OF BEGINNING.

 

Said parcel contains 1.556 acres.

 

And being the sane property also described as follows:

 

All that tract or parcel of land, situate, lying and being in the City of Hartwell, 1112th District, G.M., Hart County, Georgia, and particularly described on a Plat entitled “Survey for: Thomas Bailey” by Dean H. Teasley, Surveyor, dated June 13, 1990, recorded at Plat Book 2-D, Page 272, in the Office of the Clerk of Superior Court of Hart County, Georgia, which said Plat is hereby incorporated into this description by reference and made a part hereof and subject lot being bounded now or formerly and generally as follows; Northeasterly by the Right-of-Way of Walnut Street; Southeasterly by land of Ethridge and land of Russell; Southwesterly by property of Powell and Northwesterly by the Right-of-Way of East Johnson Street.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Laurel Gardens, Emeritus at)

 

All that certain piece, parcel or lot of land lying and being in the County of Florence, State of South Carolina and being more fully shown and designated on a Plat of an ALTA / ASCM Land Title Survey prepared for Florence Gardens, LLC, a Georgia Limited Liability Company, Matrix Florence Holding, LLC a Georgia Limited Liability Company, Colonial Bank, Capstone Capital Corporation and Chicago Title Insurance Company by Engineering Consultants, Inc.” dated May 9, 1997, revised August 21, 1998 and recorded in the office of the Clerk of Court for Florence County in Plat Book 68 at page 482, and having the following metes and bounds, to wit

 

“Beginning at an iron pin found (5/8 rebar) on the northernmost corner of the property and noted as the point of beginning (POB) located S 17°48 16”W 510.54 feet from an iron pin found (5/8” rebar) on the right of way of the Pamplico Highway, State Route 51 and running in a clockwise direction S 81°01’16”E for a distance of 272.59 feet along property of Pee Dee Development Company, LLC to an iron pin found (5/8” Rebar), thence turning and running around a curve to the left with an arc length of 92.25 feet, having a radius of 50.00 feet, and a chord of S 47°18’55” E for a distance of 79.71 feet along the right of way of Mountain Laurel Court to an iron pin found (5/8” rebar); thence turning and running S 17°48’10”W for a distance of 299 12 feet along the property of the Pee Dee Development Company, LLC to an iron pin found (5/8” rebar); thence continuing S 17°48’10”W for a distance of 9.95 feet along the property of Pee Dee Development Company, LLC to a calculated point (5/8”); thence turning and running N 85°25’10”W for a distance of 350 98 feet along properties of Hampton and Warner to a calculated point; thence turning and running N 17°48’16”E for a distance of 11.61 feet along property of C. Ed Floyd and Kaye B Floyd to an iron pin found (5/8” rebar); thence continuing N 17°48’16”E for a distance of 369 46 feet along property of C. Ed Floyd and Kaye B Floyd to an iron pin found (5/8” rebar) being the point of beginning and containing 2.82 acres”

 

Also

 

A permanent exclusive easement appurtenant to the property above described for purposes of construction, installation, maintenance and utilization of signage over and across that certain two hundred (200) square foot area designated as “Sign Easement Area” on that certain Plat prepared for Pee Dee Development Company, LLC by Engineering Consultants, Inc. dated November 20, 1998 and recorded in the office of the Clerk of Court for Florence County in Plat Book 66 at page 138 The servient estate constituting this sign easement area is more particularly described in the aforementioned Plat to which further reference is craved for a more complete and accurate description.

 

Also, Together With.

 

Reserving unto the Grantor and Grantee nevertheless, a permanent, non-exclusive easement for purposes of ingress and egress over and across the property described above and appurtenant to the property of the Grantor more particularly described as follows:

 

All that certain piece, parcel or lot of land, situate, lying and being in the County of Florence, State of South Carolina containing 2.82 acres as know as Tract “A” as shown on that certain Plat prepared for Pee Dee Development Company LLC by Engineering Consultants, Inc. to be dated November 25, 1997 and recorded in the office of the Clerk of Court for Florence County in Plat book 66, page 293-A, more particularly described as follows: Beginning at an iron pin set (5/8” rebar) on the northernmost corner of the property located S 17°18’16”W 510.54 feet from an iron pin found (5/8” rebar) on the right of way of the Pamplico Highway, State Route 51 and running in a clockwise direction S 81°01’16”E for a distance of 272.59 feet along property of Pee Dee Development Company, LLC to an iron pin found (5/8” Rebar), thence turning and running around a curve to the left with an arc length of 92.25 feet, having a radius of 50.00 feet, and a chord of S 47°18’55” E for a distance of 79.71 feet along property of Pee Dee Development Company, LLC described above to an iron pin set (5/8” rebar), thence turning and running S 17°48’10” W for a distance of 299.12 feet along the property of the Pee Dee Development Company, LLC to an iron pin set (5/8” rebar); thence continuing S 17°48’10’’W for a distance of 9.95 feet along the property of Pee Dee Development Company, LLC to an iron pin set (5/8”), thence turning and running N 85°25’10”W for a distance of 350.98 feet along properties of Hampton and Warner to a point; thence turning and running N 17°48’16”E for a distance of 11.61 feet along property of C. Ed Floyd and Kaye B. Floyd to an iron pin found (disturbed/reset) (5/8” rebar); thence containing N 17°48’16”E for a distance of 369.46 feet along property of C. Ed Floyd and Kaye B. Floyd to an iron pin found (5/8” rebar) being the point of beginning”

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Legacy Gardens Assisted Living Community)

 

Lot 2, and a portion of Lot 1, Certified Survey Map 6649, In the City of Madison, Dane County, Wisconsin, described as follows: Beginning at the most Westerly corner of said Certified Survey Map 6649; thence North 42°03’46” East, 289.35 feet to the most Westerly corner of Lot 2 of said Certified Survey Map 6649; thence South 47° 56’14” East, 213.00 feet; thence South 42° 03’46” West, 289.35 feet; thence North 47° 56’14” West, 213.00 feet to the point of beginning.  All part of Certified Survey Map 6649, recorded in Vol. 32 of Certified Survey Maps, page 335, as #2321134.

 

Also more particularly described as follows:

 

Beginning at the Westerly most corner of said Lot 1; thence North 42° 03’46” East, 497.59 feet; thence 75.05 feet along the arc of a curve to the left having a radius of 605.90 feet and a long chord subtended bearing South 78° 19’35” East, 75.01 feet; thence South 18° 43’12” East, 169.92 feet; thence South 42° 03’46” West, 452.59 feet; thence North 47° 56’14” West, 213.00 feet to the point of beginning.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Preston, Emeritus at)

(Medallion)

 

BEING Lot 7, Block A/7451, of PRESTON-TURNER WAY ADDITION, an Addition to the City of Dallas, Dallas County, Texas, according to the Plat thereof recorded in Volume 94204, Page 5495, of the Plat Records of Dallas County, Texas, and being more particularly described by metes and bounds as follows:

 

BEING a tract of land situated in the Thomas Dykes Survey, Abstract No. 405, Dallas County, Texas, and being part of the City of Dallas Block No. 7451 and being more particularly described as follows:

 

BEGINNING at a 1/2 inch iron rod set at the intersection of the East line of Preston Road and the South line of Turner Way,

 

THENCE North 89 degrees 34 minutes 00 seconds East, along said South line, 325.05 feet to a 3/8 inch iron rod found for corner;

 

THENCE South 00 degrees 06 minutes 36 seconds West, 408.38 feet to a 3/8 inch iron rod for corner and the North line of Churchill Way;

 

THENCE South 89 degrees 08 minutes 37 seconds West, along said North line, 225.00 feet to a 1/2 inch iron rod set for corner;

 

THENCE North 48 degrees 08 minutes 11 seconds West, continuing along the street Right-of-Way 1.68 feet to a 1/2 inch iron rod set for corner;

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Preston, Emeritus at)

(Medallion)

 

THENCE South 88 degrees 51 minutes 45 seconds West, continuing along the North line of Churchill Way, 38 72 feet to a 1/2 inch iron rod set for corner;

 

THENCE in a Northwesterly direction continuing along the street Right-of-Way with a curve to the right, said curve having a central angle of 91 degrees 31 minutes 08 seconds and a radius of 60.00 feet, an arc distance of 95.84 feet to a 318 inch iron rod found for corner;

 

THENCE North 00 degrees 18 minutes 47 seconds East, along the East line of Preston Road, 348.58 feet to the PLACE OF BEGINNING and containing 3.042 acres (132,513.148 sq ft.) of land, more or less.

 

NOTE: COMPANY DOES NOT REPRESENT THAT THE ABOVE ACREAGE AND/OR SQUARE FOOTAGE CALCULATIONS ARE CORRECT.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Moses Lake Assisted Living Community)

 

Lots 1 through 6, Sun Basin Planned Unit Development Major Plat, according to the plat thereof recorded in Volume 26 of Plats, pages 85 through 67, records of Grant County, Washington.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Mountain Laurel Senior Living Community)

 

4.   The Land referred to in this policy is described as follows:

 

	
Address:

	
1175 & 1177 Hebron Ave. (Units 2 & 3)

	
City/Town:

	
Glastonbury

	
County:

	
Hartford

	
State:

	
CT

	
Unit Nos.:

	
2 and 3

	
CIC:

	
Glastonbury Health Care Center

 

All those certain pieces or parcels of land, together with any improvements thereon, located in the Town of Glastonbury, County of Glastonbury and State of Connecticut, consisting of Units Two and Three of Glastonbury Health Care Center, a Condominium, together with an undivided interest in the common elements being more particularly designated and described in that certain Declaration of Condominium dated as of June 30, 1997 and recorded in Volume 1095 at Page 39 of the Glastonbury Land Records; as amended by that certain First Amendment dated June 23, 1999 and recorded in Volume 1278 at Page 58 of the said Land Records; as further amended by that certain Second Amendment dated July 12, 2000 and recorded in Volume 1362 at Page 277 of the said Land Records.

 

Together with the easements set forth in said Declaration, as amended.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Northpark Place, Emeritus at)

 

Lots 1 to 12, inclusive, in Block 3, and the vacated North/South alley located in Block 3, Higman’s Pierce St Addition to Sioux City, in the County of Woodbury and State of Iowa

 

Parcel Number 251415/GIS No. 8947 21 133 001

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Oakridge Senior Living Community)

 

Lot 2 of Portage County Certified Survey Map No. 7458-27-138, as recorded in Volume 27 of Surveys, page 138, being part of CSM 7080, all of Outlot 2, CSM 7108, all of CSM 7238, being part of the SW 1/4 of the SW 1/4 of Section 25, Township 24 North, Range 8 East, City of Stevens Point, Portage County, Wisconsin,

 

AND

 

Lot 2 of Portage County Certified Survey Map No. 7294-26-224, as recorded in Volume 26 of Surveys, page 224, being all of Lots 1 and 2, Parkdale Subdivision, being part of CSM 7102, part of the NW 1/4 of the NW 1/4 of Section 36, Township 24 North, Range 8 East, City of Stevens Point, Portage County, Wisconsin.

 

FOR INFORMATIONAL PURPOSES ONLY:

Tax Key No.: 281-24-0825330008

 

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Osprey Court Memory Care Community)

 

Parcel 3, PARTITION PLAT NO. 2000-32, recorded August 3, 2000, as Instrument No. 200011059, Records of Partition Plats, in the City of McMinnville, County of Yamhill and State of Oregon.

 

TOGETHER WITH an easement for access over Parcel 1 of said partition, as shown thereon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Oswego Springs Assisted Living Facility)

 

PARCEL I:

 

A tract of land in Section 31, Township 1 South, Range 1 East of the Willamette Meridian, in the County of Multnomah and State of Oregon, described as follows:

 

BEGINNING at the Southwest corner of East half of this Northwest quarter of said Section 31, said point being in the center line of County Road No. 980 (Lesser Road); thence Northerly along the center line of said County Road to an intersection with the South line of County Road No. 1050 (Capitol Highway); thence South 89°15 East, along the South line of said County Road, 86.61 feet; thence continuing along the South side of said road, 116.01 feet on a curve to the left having a radius of 317.78 feet; thence South 0°36’ West, 814.51 feet to a point in the South line of said East half of the Northwest quarter of said Section 31; thence North 89°24’ West, 441.12 feet to point of beginning.

 

EXCEPTING THEREFROM a tract in the Northeast corner thereof conveyed to George H. Johnson and wife by that certain instrument recorded March 17, 1939 in Book 488, Page 36, P.S. Deed Records of said County and State, which excepted that portion described as follows:

 

BEGINNING at a point on the Southerly line of Capitol Highway (County Road No. 1050) which is South 89°24’ East, 441.12 feet and North 0°36’ East, 814.31 feet from the Southwest corner of the East one-half of the Northwest one-quarter of said Section 31; thence South 0°36’ West, 120 feet; thence North 89°24’ West, 87.08 feet; thence North 0°36’ East, 100.36 feet to the Southerly line of Capitol Highway; thence Easterly along said line 89.70 feet to the place of beginning.

 

FURTHER EXCEPTING THEREFROM that portion as described in Deed For Right-of-Way Purposes to City of Portland, a municipal corporation of the State of Oregon, recorde February 23, 2004 as Fee No. 2004-028081.

 

PARCEL II:

 

A tract of land in Section 31, Township 1 South, Range 1 East of the Willamette Meridian, in the County of Multnomah and State of Oregon, described as follows:

 

BEGINNING at a point on the half-section line East and West through said Section 31, South 89°24’ East, 441.12 feet from the Southwest corner of the East half of the Northwest quarter of said Section 31; thence South 89°24’ East, 310 feet; thence North 0°36’ East, 538.41 feet; thence North 89°24’ West, 310 feet; thence South 0°36’ West, 538.41 feet to the place of beginning.

 

EXCEPTING THEREFROM the following portion of land from the above described Parcels 1 and II, described as follows:

 

A tract of land in Section 31, Township 1 South, Range 1 East of the Willamette Meridian, in the County of Multnomah and State of Oregon, described as follows:

 

The South 400 feet of a tract of land:

 

BEGINNING at the Southwest corner of the East one-half of the Southwest one-quarter in centerline of Southwest Lesser Road; thence South 89°24’ East, along the East-West centerline of said Section 31, 751.12 feet to the Southeast corner of that certain tract conveyed to Gerald W. Crow and Carol L. Crow, husband and wife, by Deed recorded August 17, 1961 in Multnomah County Deed Book 2076, Page 465; thence North 0°36’ East, along the East line of said Crow Tract 538.41 feet to a Northeast corner thereof; thence North 89°24’ West, along the North line of said Crow Tract and the Westerly extension thereof to an intersection with the centerline of S.W. Lesser Road; thence Southerly along the centerline of S.W. Lesser Road to the point of beginning.

 

FURTHER EXCEPTING THEREFROM that portion as described in Deed For Right-of-Way Purposes to City of Portland, a municipal corporation of the State of Oregon, recorde February 23, 2004 as Fee No. 2004-028081.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Park Avenue Estates Senior Living Community)

 

Lots 1, 2 and 3, Block 1, in Paulsen’s First Addition to the City of Lexington, Dawson County, Nebraska.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Park Place, Emeritus at)

 

PARCEL I:

 

A tract of land in Sections 25 and 26, Township 1 South, Range 1 West of the Willamette Meridian, in the County of Washington and State of Oregon, being more particularly described as follows:

 

Commencing at the one-quarter corner between said sections; thence South along the line between said sections 1150.61 feet; thence East at 90° to said section line 308.72 feet to a 5/8 inch iron rod at the Northeast corner of that tract conveyed to Helmer Mork, et us, in Book 407, page 140, Records of Washington County and the point of beginning of the tract herein to be described; thence South 0°02’18” West 327.27 feet; thence North 89°59’12” West 100.00 feet; thence South 0°02’18” West 300.00 feet; thence North 89°59’12” West 35.00 feet; thence North 33°17’49” West 307.32 feet; thence North 72°44’25” West 169.00 feet to the Easterly line of the Oregon Electric Railway Company right of way; thence along said Easterly line North 17°15’35” East, 334.00 feet to a 5/8 inch iron rod; thence North 89°48’09” East 366.43 feet to the point of beginning.

 

PARCEL II:

 

A perpetual easement for ingress and egress as granted in deed recorded June 29, 1984, Recorder’s No. 84025405, over a strip of land being 31.00 feet in width and the center line being described as follows:

 

A tract of land in Section 25, Township 1 South, Range 1 West of the Willamette Meridian, in the County of Washington and State of Oregon, being more particularly described as follows:

 

Commencing at the one-quarter corner between said Sections 25 and 26; thence South along the line between said sections, 1,150.61 feet; the East at 90° to said section line 308.72 feet to a 5/8 inch iron rod; thence South 0°02’18” West 327.27 feet; thence North 89°59’12” West 100.00 feet; thence South 0°02’18” West 300.00 feet; thence North 89°59’12” West 35.00 feet; thence North 33°17’49” West 155.65 feet to the said center line of the 31.00 foot wide strip herein to be described (the beginning of the Westerly right of way of said 31.00 foot wide strip bears North 33°17’49” West 18.50 feet from said center line and the beginning of the Easterly right of way of said 31.00 foot wide strip bears South 33°17’49” East 18.50 feet from said center line); thence South 23°36’00” West 30.85 feet to a point of curve to the left; thence along said curve having a radius of 55.50 feet and a central angle of 74°10’00” a length of 71.84 feet, said curve subtended by a chord which bears South 13°29’01” East, 66.93 feet; thence South 50°34’00” East 86.00 feet to a point of curve to the right; thence along said curve having a radius of 55.50 feet and a central angle of 90°00’00” a length of 87.18 feet; thence South 39°26’00’ West to the Northeasterly right of way line of SW Hemlock Street and the terminus of said strip.

 

PARCEL III:

 

An “Emergency Exit Easement” as granted in deed recorded June 29, 1984, Recorder’s No. 84025405 for ingress and egress over the following described property:

 

A tract of land being 31.00 feet in width in Sections 25 and 26, Township 1 South, Range 1 West of the Willamette Meridian, in the County of Washington and State of Oregon, being more particularly described as follows:

 

Commencing at a 1/2-inch iron pipe being at the Southwest corner of Tract X-2, and being on the Easterly line of the Oregon Electric Railway Company as shown an the Minor Partition Map dated May 9, 1984 by Chase, Jones & Associates, Inc., said point also being the Southwest corner of that tract conveyed to Helmer A. Mork and Maude M. Mork in Deed Book 407, page 140, Washington County Deed Records; thence along the Easterly line of the Oregon Electric Railway Company, North 17°15’35” East 9.29 feet to a point being 40.00 feet, when measured at right angles, from the center line of SW Hall Boulevard, said point being on the proposed Northerly right of way line of SW Hall Boulevard; thence parallel and 40.00 feet from said center line along said proposed Northerly line, South 60°53’21” East 62.84 feet to a point of curve to the right; thence continuing along said proposed Northerly line along said curve having a radius of 326.48 feet and a central angle of 31°01’58”, a distance of 176.83 feet to a point of reverse curve, said 326.48 foot radius curve subtended by a chord which bears South 45°22’28” East; thence leaving said proposed Northerly line along a curve to the left having a radius of 40.00 feet and a central angle of 7°32’49”, a distance of 5.27 feet to the

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Park Place, Emeritus at)

 

true point of beginning of the tract herein to be described; thence continuing along said curve to the left a distance of 31.44 feet, said curve subtended by a chord which bears South 59°55’02” East 30.63 feet; thence North 32°51’45” East 124.22 feet to a point of non-tangent curve on the Southerly line of a 31 foot wide perpetual easement; thence along said Southerly line on a curve to the right having a radius of 71.00 feet and a central angle of 46°57’22” a distance of 58.19 feet to a point of tangency along said Southerly line, said curve subtended by a chord which bears North 0°07’18” East 56.57 feet; thence South 32°51’45” West 173.29 feet to the true point of beginning.

 

PARCEL IV:

 

A utility easement as granted in deed recorded June 29, 1984, Recorder’s No. 84025405, over a tract of land being 6.00 feet in width and located in the Southeast one-quarter of Section 26, Township 1 South, Range 1 West of the Willamette Meridian, in the County of Washington and State of Oregon, being more particularly described at follows:

 

Commencing at a 1/2 inch iron pipe being at the Southwest corner of Tract X-2 and being on the Easterly line of the Oregon Electric Railway Company, said point also being on the Southwest corner of that tract conveyed to Helmer A. Mork and Maude M. Mork, in Deed Book 407, page 140, Washington County Deed Records; thence along the Easterly line of the Oregon Electric Railway Company, North 17°15’35” East 9.29 feet to the tree point of beginning, said point being 40.00 feet, when measured at right angles, from the center line of SW Hall Boulevard, said point also being on the proposed Northerly right of way line of SW Hall Boulevard; thence continuing North 17°15’35” East along the Easterly line of the Oregon Electric Railway Company, 195.70 feet to a 5/8 inch iron rod at the Northwest corner of Tract X-2; thence along the Northerly line of Tract X-2, South 72°44’25” East 6.00 feet; thence South 17°15’35” West, parallel with he Easterly line of the Oregon Electric Railway Company, 196.96 feet to said proposed Northerly right of way line; thence along said proposed Northerly line North 60°53’21” West 6.13 feet to the true point of beginning.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Peachtree Village Senior Living Community)

 

The land situated in the City of Commerce, County of Jackson, State of Georgia and described as follows:

 

BEGINNING AT THE INTERSECTION OF THE WESTERN RIGHT-OF-WAY OF U.S. HWY. 441 (R/W VARIES) AND THE SOUTHERN RIGHT-OF-WAY (60° EASEMENT) OF W.W. GARY ROAD, THENCE RUNNING ALONG SOUTHERN RIGHT-OF-WAY SOUTH 66° 51’ 45” WEST A DISTANCE 740.15 FEET TO AN IRON PIN FOUND ON THE SOUTHERN RIGHT-OF-WAY OF W.W. GARY ROAD BEING THE TRUE POINT OF BEGINNING, THENCE LEAVING SAID RIGHT-OF-WAY RUNNING SOUTH 26° 29’ 55” EAST A DISTANCE OF 200.00 FEET TO AN IRON PIN FOUND. THENCE RUNNING SOUTH 26° 29’ 55” EAST A DISTANCE OF 400.00 FEET TO AN IRON PIN FOUND, THENCE RUNNING NORTH 00° 59’ 40” WEST A DISTANCE OF 538.79 FEET TO A GRANITE MONUMENT, THENCE RUNNING NORTH 23° 8’ 15” WEST, A DISTANCE OF 312.32 FEET TO AN IRON PIN FOUND, THENCE RUNNING NORTH 66° 51’ 45” EAST A DISTANCE OF 421.03 FEET TO AN IRON PIN FOUND BEING THE TRUE POINT OF BEGINNING.

 

TOGETHER WITH ANY AND ALL APPURTENANT EASEMENTS BENEFITING THE ABOVE PROPERTY, INCLUDING, PUT NOT LIMITED TO, THAT CERTAIN AMENDED AND RESTATED EASEMENT AGREEMENT BY AND BETWEEN KEN-TONY, LLC AND PEACHTREE PLANTATION, LLC DATED AS OF MAY 7, 2004 RECORDED IN DEED BOOK 34-R, PAGE 428, JACKSON COUNTY, GEORGIA RECORDS AND THAT CERTAIN EASEMENT AGREEMENT FROM TIMOTHY T. GARY TO PEACHTREE PLANTATION, LLC. DATED AS OF OCTOBER 1, 1990, RECORDED IN DEED BOOK 18-49, PAGE 710, AFORESAID RECORDS.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Plaza on the River, Emeritus at)

 

Tract One: All that certain tract or parcel of land, lying and being situated in the County of Kerr, State of Texas, and being Lot 1, Block 1, Kerrville Lakeside Apartments Section Two, a subdivision of Kerr County, Texas, according to the plat of said subdivision recorded in Volume 6, Page 145, Plat Records of Kerr County, Texas; said plat being a replat of plat recorded in Volume 6, Page 6, Plat Records of Kerr County, Texas.

 

Tract Two: All that certain tract or parcel of land, lying and being situated in the County of Kerr, State of Texas, and being Lot 2, Block 1 Kerrville Lakeside Apartments Section Two, a subdivision of Kerr County, Texas, according to the plat of said subdivision recorded in Volume 6, Page 280, Plat Records of Kerr County, Texas; said plat being a replat of plat recorded in Volume 6, Page 145, Plat Records of Kerr County, Texas.

 

Tract Three: All that certain tract or parcel of land, lying and being situated in the County of Kerr, State of Texas, and being Lot 11, Edwards Addition, a subdivision of Kerr County. Texas, according to the plat of said subdivision recorded in Volume 4, Page 26, Plat Records of Kerr County, Texas.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Rose Valley Assisted Living Community)

 

Parcel 2 of Partition Plat 2004-28, recorded November 16, 2004, Fee No. 2004-014428, in Columbia County, Oregon. Together with an easement for access over Parcel 1 of Partition Plat 2004-028, as created in instrument recorded November 16, 2004, Fee Number 2004-014429, Records of Columbia County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Rose Valley Assisted Living Community and Cottages)

 

Parcel 1 of Partition Plat 2004-28, recorded November 16, 2004 as Fee Number 2004-014428, in Columbia County, Oregon. Together with an easement for access over Parcel 2 of Partition Plat 2004-028, as created in instrument recorded November 16, 2004, Fee Number 2004-014429, Records of Columbia County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Sandia Springs Senior Living)

 

PARCEL 1

 

Lot 6A, of Riverview Village, City of Rio Rancho, Town of Alameda Grant, Sandoval County, New Mexico, as the same is shown and designated on the plat filed in the office of the County Clerk of Sandoval County, New Mexico, on November 14, 1996 in Vol. 3, folio 1549-B.

 

PARCEL 2

 

Lot 7A of Corrales South, as the same is shown and designated on the summary plat of Lots 6B, 7A and 7B, of Corrales South, filed in the office of the County Clerk of Sandoval County, New Mexico, on April 23, 1997 in Vol. 3, folio 1602-A, (Rio Rancho Estates plat Book No. 10, page 22.

 

PARCEL 3

 

A Non exclusive easement for the benefit of Lot 6A of Riverview Village, City of Rio Rancho, Town of Alameda Grant, Sandoval County, New Mexico, as the same is shown and designated on the Plat filed in the office of the County Clerk of Sandoval County, New Mexico, on November 14, 1996, in Vol. 3, folio 1549-B, and Lot 7A of Corrales South as the same is shown and designated on the summary plat of Lots 6B, 7A and 7B, of Corrales South, filed in the office of the County Clerk of Sandoval County, New Mexico, on April 23, 1997 in Vol 3, folio 1602-A (Rio Rancho Estates Plat Book No. 10, page 22), Said easement is shown and designated as an Access Easement, Drainage Easement and Public Utility Easement, traversing the northwest portion of Lot 6B on the Summary Plat of Corrales South, filed in the office of the County Clerk of Sandoval County, New Mexico, on April 23, 1997 in Vol 3, folio1602-A, and amended by

 

that Amendment to Easement recorded June 13, 1997 in Book 400, page 42535, as document no. 12363, records of Sandoval County, New Mexico.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Sellwood, Emeritus at)

 

Lots 1, 2, 5, 6, 7, 8, 16, 17 and 18, Block 80, SELLWOOD, in the City of Portland, County of Multnomah and State of Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Estates, Emeritus at)

 

7221 NORTHEAST 182ND STREET,

KENMORE, WASHINGTON 98028

TAX NO. 011410-0545

 

PARCEL A:

 

THAT PORTION OF LOT 8, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE(S) 4, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:

 

BEGINNING ON THE EAST LINE OF SAID LOT AT A POINT 80.00 FEET SOUTH OF THE NORTHEAST CORNER THEREOF;

THENCE NORTH 75°27’30” WEST PARALLEL WITH THE NORTHERLY LINE OF SAID LOT TO AN INTERSECTION WITH A LINE EXTENDED NORTH 2°39’50” EAST FROM THE SOUTHWEST CORNER OF SAID LOT;

THENCE SOUTH 2°39’50” WEST 103.19 FEET;

THENCE SOUTH 75°27’30” EAST TO THE EAST LINE OF SAID LOT AT A POINT 80.00 FEET NORTH OF THE SOUTHEAST CORNER THEREOF;

THENCE NORTH 103.19 FEET TO THE POINT OF BEGINNING.

 

PARCEL B:

 

THE SOUTHERLY 80 FEET OF LOT 8, AS MEASURED ALONG THE EASTERLY LINE IN BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE 4, IN KING COUNTY, WASHINGTON;

EXCEPT THAT PORTION THEREOF DESCRIBED AS FOLLOWS:

 

BEGINNING AT THE SOUTHWEST CORNER OF SAID LOT 8; AND

RUNNING THENCE NORTHERLY ALONG THE WESTERLY LINE OF SAID LOT, 80 FEET;

THENCE SOUTH 75°27’30” EAST PARALLEL WITH THE SOUTHERLY LINE OF SAID LOT, 3.799 FEET;

THENCE SOUTH 2°39’50” WEST TO THE POINT OF BEGINNING.

 

PARCEL C:

 

THAT PORTION OF LOT 8, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE (S) 4, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:

 

BEGINNING ON THE NORTHERLY LINE OF SAID LOT AT A POINT 12.50 FEET SOUTHEASTERLY ON THE NORTHWEST CORNER THEREOF;

THENCE SOUTH 75°27’30” EAST 173.46 FEET TO THE NORTHEAST CORNER OF SAID LOT; THENCE SOUTHERLY ON THE EASTERLY LINE OF SAID LOT 80 FEET;

THENCE PARALLEL WITH THE NORTHERLY LINE OF SAID LOT NORTH 75°27’30” WEST TO AN INTERSECTION WITH A LINE EXTENDED NORTH 2°39’50” EAST FROM THE SOUTHWEST CORNER OF SAID LOT;

THENCE NORTH 2°39’50” EAST TO THE POINT OF BEGINNING;

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Estates, Emeritus at)

 

EXCEPT THE FOLLOWING DESCRIBED PORTION:

 

BEGINNING ON THE EASTERLY LINE OF SAID LOT AT A POINT DISTANT 80 FEET SOUTHERLY FROM THE NORTHEAST CORNER THEREOF AND RUNNING THENCE NORTHERLY ALONG SAID EASTERLY LINE, TO SAID NORTHEAST CORNER;

THENCE NORTH 75°27’30” WEST, ALONG THE NORTHERLY LINE OF SAID LOT, A DISTANCE OF 67.6 FEET;

THENCE SOUTH 14°32’30” WEST 77.43 FEET, MORE OR LESS, TO A POINT WHICH BEARS NORTH 75°27’30” WEST FROM THE POINT OF BEGINNING;

THENCE SOUTH 75°27’30” EAST 87.69 FEET, MORE OR LESS, TO THE POINT OF BEGINNING.

 

PARCEL D:

 

THAT PORTION OF LOT 8, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE(S) 4, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS;

 

BEGINNING ON THE EASTERLY LINE OF SAID LOT AT A POINT DISTANT 80 FEET SOUTHERLY FROM THE NORTHEAST CORNER THEREOF AND RUNNING THENCE NORTHERLY, ALONG SAID EASTERLY LINE, TO SAID NORTHEAST CORNER;

THENCE NORTH 75°27’30” WEST, ALONG THE NORTHERLY LINE OF SAID LOT, A DISTANCE OF 67.6 FEET;

THENCE SOUTH 14°32’30” WEST 77.43 FEET, MORE OR LESS, TO A POINT WHICH BEARS NORTH 75°27’30” WEST FROM THE TRUE POINT OF BEGINNING;

THENCE SOUTH 75°27’30” EAST 87.69 FEET, MORE OR LESS, TO THE TRUE POINT OF BEGINNING;

EXCEPT THAT PORTION THEREOF CONVEYED TO KING COUNTY FOR ROAD BY DEED RECORDED UNDER RECORDING NUMBER 8204020627.

 

PARCEL E:

 

WEST HALF OF THE EAST HALF OF LOT 7, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE(S) 4, IN KING COUNTY, WASHINGTON; AND

 

EAST HALF OF THE EAST HALF OF LOT 7, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE 4, IN KING COUNTY, WASHINGTON; AND

 

THAT PORTION OF LOT 8, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGE(S) 4, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS;

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Estates, Emeritus at)

 

BEGINNING AT THE SOUTHWEST CORNER OF LOT 8, BLOCK 11, ALDERWOOD MANOR NO. 14; THENCE ALONG THE WEST LINE OF SAID LOT 8, NORTH 263.19 FEET;

THENCE ALONG THE NORTHERLY LINE OF SAID LOT 8, SOUTH 75°27’30” EAST 12.50 FEET;

THENCE SOUTH 2°39’50” WEST 260.33 FEET TO THE POINT OF BEGINNING.

 

BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

THAT PORTION OF LOTS 7 AND 8, BLOCK 11, ALDERWOOD MANOR NO. 14, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF FLATS, PAGE 4, IN KING COUNTY, WASHINGTON, BEING AS FOLLOWS:

 

BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 8 AS SAID CORNER IS SHOWN ON THAT BOUNDARY SURVEY FOR FOREST PARK REALTY RECORDED AUGUST 8, 1986 IN VOLUME 50 OF SURVEYS, PAGE 247, RECORDS OF KING COUNTY WASHINGTON;

THENCE ALONG THE EAST LINE OF LOT 8 NORTH 00°00’00” WEST 243.78 FEET TO SOUTH CORNER OF THAT CERTAIN PARCEL OF LAND CONVEYED TO KING COUNTY IN THAT CERTAIN WARRANTY DEED RECORDED APRIL 2, 1982 AS INSTRUMENT NUMBER 8204020627;

THENCE ALONG SAID LANDS OF KING COUNTY, NORTHWESTERLY ALONG A TANGENT CURVE TO THE LEFT, WITH A RADIUS OF 25.00 FEET, THROUGH A CENTRAL ANGLE OF 75°26’09”, AN ARC LENGTH OF 32.92 FEET TO THE NORTHERLY LINE OF SAID LOT 8;

THENCE ALONG THE NORTHERLY LINES OF SAID LOTS 8 AND 7 NORTH 75°26’09” WEST 259.68 FEET TO THE WEST LINE OF THE EAST HALF SAID LOT 7;

THENCE ALONG SAID WEST LINE, SOUTH 00°00’10” WEST 263.15 FEET TO THE SOUTHERLY LINE OF SAID LOT 7;

THENCE ALONG THE SOUTHERLY LINES OF SAID LOTS 7 AND 8 SOUTH 75°26’39” EAST 279.02 FEET TO SAID POINT OF BEGINNING OF THIS DESCRIPTION.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Meadow Cottages, Emeritus at)

 

A Parcel of land situated in Lot 6, Section 24, Township 36 South, Range 6 West of the Willamette Meridian, Josephine County, Oregon, described as follows. Commencing at the Southeast corner of said Lot 6; thence North along the East line of said Lot 6, a distance of 49.82 feet to a point in the centerline of Redwood Avenue, said point purported to be the Southeast corner of said Government Lot 6 as designated on Survey 121-53, said point being the point of beginning; thence continue North along the East line of said Lot 6, a distance of 512.4 feet; thence West 340 feet; thence South 512.4 feet; thence East along said South line of Lot 6, as referred to above, 340 feet to the point of beginning EXCEPTING THEREFROM that portion conveyed to Josephine County by instrument recorded February 14, 1969 in Volume 258, Page 41, Josephine County Deed Records. ALSO EXCEPTING THEREFROM that portion conveyed to the City of Grants Pass by instrument recorded May 6, 2005 as Instrument No. 2005-010272, Josephine County Deed Records.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(The Springs, Emeritus at)

(Spring Meadow)

 

Parcel 3 of PARTITION PLAT NO. 2000-009, Josephine County, Oregon. EXCEPTING THEREFROM that portion conveyed in Dedication of Street Right-of-Way, to the City of Grants Pass recorded February 6, 2008, Instrument No. 2008-002089, Josephine County, Oregon.

 

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Mountain, Emeritus at)

 

All That Tract Of Parcel of land lying and being in Land Lots 413, 414, and 476 of the 19th District, Second Section of Cobb County, Georgia and being more particular described as follows:

 

BEGINNING at a 1/2” steel reinforcing rod that marks the southeast corner of Land Lot 414, said point being the common corner to Land Lots 413, 414, 475 and 476 and running thence North 88 degrees 01 minutes 15 seconds west a distance of 545.05 feet to a 1/2” reinforcing rod; run thence north 02 degrees 01 minutes 11 seconds east a distance of 279.64 feel; run thence south 88 degrees 03 minutes 01 seconds east a distance of 350.00 feet; run thence south 01 degrees 56 minutes 59 seconds west a distance of 35 feet to a point; run thence south 88 degrees 03 minutes 01 seconds east a distance of 199.30 feet to a point on the east land lot line of Land Lot 414; run thence south 02 degrees 53 minutes 42 seconds west a distance of 89.42 feet to an axle; run thence south 67 degrees 18 minutes 07 seconds east a distance of 148.40 feet to a point on the northwest right of way line of Powder Springs Road; run thence south 22 degrees 39 minutes 38 seconds west along the northwest right of way line of Powder Springs Road a distance of 417.09 feet to a point; run thence north 03 degrees 04 minutes 11 seconds east along the east land lot line of Land Lot 475 a distance of 287.26 feet to the point of beginning, being shown as 4.06743 acres on plat of survey for American ElderServe, Inc. by The Crusselle Company, George Willis Crusselle, GRLS #1373, which plat is incorporated herein by reference.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Pointe, Emeritus at)

 

Parcel 1 of PARTITION PLAT NO. 2000-009, Josephine County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Spring Village, Emeritus at)

 

Parcel 2 of Partition Plat No. 2000-009, Josephine County, Oregon.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Stone Mountain Estates Assisted Living and Memory Care Community)

 

A parcel of land lying and being Part of Tract No. 1, Subdivision Exemption Plat for Plantation South of Stone Mountain, as recorded in Plat Book 63, page 92, of the public records of Gwinnet County, Georgia, also being part of Land Lot 61 of the 6th District of said county, and being more particularly described as follows:

 

COMMENCING at the intersection of the southeasterly right of way line of East Park Place Boulevard, a 100 foot right of way, with the southwesterly right of way line of Park Plaza Circle, a right of way of varied width; thence, on said southwesterly right of way line, north 87 degrees 23 minutes 52 seconds east, 27.68 feet to an angle point; thence continuing on said southwesterly right of way line, south 46 degrees 24 minutes 00 seconds east, 109.41 feet to an angle point; thence, continuing along said southwesterly right of way line, south 52 degrees 13 minutes 18 seconds east, 67.96 feet to a point of curvature; thence, continuing on said right of way line, around and along a curve to the left, said curve having a radius of 173.24 feet and a central angle of 54 degrees 12 minutes 03 seconds, an are distance of 163.88 feet (south 79 degrees 39 minutes 20 seconds east, 157.84 feet, chord bearing and distance) to a point on said curve and the Point of Beginning; thence, continuing on said right of way line, around and along a curve to the left, said curve having a radius of 173.24 feet and a central angle of 11 degrees 34 minutes 39 seconds, an are distance of 35.01 feet (north 67 degrees 47 minutes 19 seconds east, 34.95 feet, chord bearing and distance) to a point of tangency; thence continuing on said right of way line, north 62 degrees 00 minutes 00 seconds east, 164.75 feet; thence south 14 degrees 00 minutes 00 seconds east, 268.52 feet; thence south 11 degrees 05 minutes 13 seconds west, 200.19 feet; thence north 64 degrees 00 minutes 30 seconds west, 240.73 feet; thence north 02 degrees 39 minutes 16 seconds east, 261.22 feet to the point of beginning. Said parcel being 1.877 acres (81,762.12 square feet) in area as shown on ALTA/ACSM Land Title Survey certified to ARCHON Financial L.P., Goldman Sachs Mortgage Company, a New York limited partnership, A98 Senior L.L.C., A99 Senior L.L.C., Atria Communities, Inc., Lawyers Title Insurance Company, Chicago Title Insurance Company and Bock & Clark, made by Bock & Clark’s National Surveyors Network, bearing the seal of Carl S. Courson, GA. R.L.S. No. 2272, of Perrett and Associates, Inc., dated October 6, 1998, last revised December 9, 1998.

 

TOGETHER WITH rights acquired by virtue of Slope Easement as set forth in Warranty Deed from Mountain East commence Park, Inc., successor by name change to 78 Properties, Inc., to Columbia Properties, Inc., a Georgia corporation, dated October 13, 1982, recorded in Deed Book 2456, page 385, aforesaid records; as affected by Agreement Regarding Slope and Access Easements and Encroachments by and between Phoenix Home Life Mutual Insurance Company, and DeKalb Regional Healthcare System, Inc., and Richard K. Taylor, dated and filed October 13, 1982, recorded in Deed Book 10205, page 54, aforesaid records

 

Together with easement rights contained in Signage Easement Agreement by and between Richard K. Taylor and Plantation South at Stone Mountain Partnership dated 7/25/1994, recorded in Deed Book 10542, Page 117, aforesaid records.

 

Together with easement rights contained in Storm Water Drainage Easement Agreement by and between Richport Properties, Inc. and Richard K. Taylor dated 2/9/1994, recorded in Deed Book 10027, Page 122, aforesaid records.

 

 

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Sugarland Ridge, Emeritus at)

 

Lot 4, 5 and 6, Block 2 of the Replat of Sugarland South Subdivision, Sheridan County, Wyoming, as recorded in Book 1 of Plats, page 321.

 

 

  

  

  

 

LEGAL DESCRIPTION

GA-541-Sweetwater Springs

 

All that tract or parcel of land lying and being in Land Lot 761 and 806 of the 18th District and 2nd Section of Douglas Country, Georgia, containing 4.61 acres of 200,835 square feet and being more particularly described as follows:

 

Beginning at an iron pin set at the intersection of the north land lot line of Land Lot 806 with the east right of way of Lee Road (100 foot right of way) per document recorded in Deed Book 972, Page 544, Douglas County Records;

 

thence running north along the east right of way of Lee Road North 03 degrees 58 minutes 25 seconds East 299.69 feet to an iron pin found;

 

thence running South 89 degrees 12 minutes 58 seconds East 642.96 feet to an iron pin found;

 

thence running South 00 degrees 22 minutes 24 seconds West 300.00 feet to a 1⁄2 inch rebar found on the north land lot line of Land Lot 806, the same being the south land lot line of Land Lot 761 of said district and section and said iron pin being located 477.67 feet west of the northeast corner of Land Lot 806 as measured along the north land lot line of Land Lot 806;

 

thence running North 89 degrees 05 minutes 26 seconds West along the north land lot line of Land Lot 806, 35.31 feet to an iron pin found;

 

thence running South 82 degrees 22 minutes 17 seconds West 116.72 feet to a 11⁄2 inch OTP;

 

thence running North 87 degrees 13 minutes 29 seconds West 511.32 feet to an iron pipe found on the east right of way of Lee Road at the point of Beginning.

 

The foregoing description being in accordance with that certain Survey by Pirkle & Associates Surveying Inc. dated 4/15/10 and last revised 5/3/10.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Woodstock, Emeritus at)

(Terrace at Woodstock)

 

All that tract or parcel of land lying and being in Land Lots 1099 and 1100 of the 15th District, 2nd Section, Cherokee County, Georgia, being more particularly described as follows:

 

To find the true point of beginning begin at the point where the South Land Lot Line of 1100 intersects with the West right of way line of Neese Road (50 foot right of way); running thence in a northerly fashion along Neese Road North 11 degrees 32 minutes East 34.97 feet to a point; running thence North 12 degrees 32 minutes East 55.90 feet to a point; running thence North 13 degrees 01 minutes East 50.30 feet to a point; running thence North 13 degrees 19 minutes East 28.83 feet to a point and the true point of beginning. From this true point of beginning run thence North 89 degrees 46 minutes West 300.00 feet to a point; running thence North 80 degrees 00 minutes West 265.99 feet to a point; running thence North 30 degrees 00 minutes East 72.00 feet to an iron pin set; running thence North 15 degrees 12 minutes West 232.09 feet to an iron pin set; running thence North 85 degrees 08 minutes East 452.92 feet to an iron pin set; running thence South 05 degrees 00 minutes East 128.28 feet to an iron pin set; running thence South 60 degrees 00 minutes East 182.85 feet to an iron pin set on Neese Road; running 23.29 feet to a point; running thence 12 degrees 27 minutes West 50.82 feet to a point; running thence South 11 degrees 11 minutes West 47.88 feet to a point; running thence South 13 degrees 19 minutes West 34.71 feet to a point and the true point of beginning, Said tract contains 4.00 acres.

 

Together With

 

All that tract or parcel of land lying and being in Land Lots 1099 and 1100 of the 15th District, 2nd Section, Cherokee Country, Georgia, and being more particularly described as follows as Tract One:

 

Tract One

 

Begin at the point where the West right of way line of Neese Road (having a 50 foot right of way) intersects with the South land lot line of Land Lot 1100; from this point of beginning, running thence in a westerly fashion along the South line of Land Lots 1100 and 1099 North 89 degrees 46 minutes West 419.41 feet to an iron pin found; running thence in a westerly fashion along the South land line of Land Lot 1099 North 89 degrees 43 minutes 228.99 feet to an iron pin set; running thence North 30 degrees 00 minutes East 243.00 feet to a point; running thence South 80 degrees 00 minutes East 265.99 feet to a point; running thence South 89 degrees 46 minutes East 300.00 feet to a point; running thence in a southerly fashion along the West right of way line of Neese Road South 13 degrees 19 minutes West 28.83 feet to a point; running thence South 13 degrees 01 minutes West 50.30 feet to a point; running thence South 12 degrees 32 minutes West 55.90 feet to a point: running thence South 11 degrees 32 minutes West 34.97 feet to an iron pin found and the true point of beginning. Said tract contains 2.50 acres.

 

Together with rights arising under Sewer Easement from Larry Sandidge to The Oaks at Woodstock Assisted Living, Inc., a Georgia corporation, dated January 5, 1998, filed for record May 2, 2000 at 2:19 p.m., recorded in Deed Book 4119, Page 050, Records of Cherokee County, Georgia.

 

 

  

  

  

 

Also together with rights arising under Sanitary Sewer Easement from James C. Neese, Sr., to the Oaks at Woodstock Assisted Living, Inc., Georgia corporation, dated March 13, 2000, filed for record May 2, 2000 at 2:19 p.m., recorded in Deed Book 4119, Page 045, aforesaid records.

 

Also together with rights of access arising under “Easement” from KB Home Atlanta, LLC to The Oaks at Woodstock Assisted Living, Inc., dated September 28, 2007, filed for record October 12, 2007, and recorded in Deed Book 9890, Page 124, aforesaid records.

 

Also together with rights arising under Access Easement Agreement by and between KB Home Atlanta LLC, a Delaware limited liability company and The Craks at Woodstock Assisted Living, Inc., a Georgia Corporation, dated April 5, 2007, filed for record April 13, 2007, and recorded in Deed Book 9527, page 134, aforesaid records.

 

But Less and Except the following;

 

All that tract or parcel of land lying and being in Land Lot 1100, 15th District, 2nd Section, City of Woodstock, Cherokee County, Georgia, as in QCD recorded April 13, 2007 in Book 9527, Page 144 and being more particularly described as follows:

 

Beginning at the Intersection of the existing westerly right of way of Neese Road (50 foot existing right of way) and the southerly line of Land Lot 1100; thence along said Land Lot line South 89 degrees 50 minutes 30 seconds West a distance of 18.01 feet to a point; thence North 11 degrees 58 minutes 18 seconds East a distance of 131.99 feet to a point; thence North 08 degrees 56 minutes 18 seconds East a distance of 101.83 feet to a point; thence North 16 degrees 51 minutes 23 seconds East a distance of 101.39 feet to a point; thence South 60 degrees 16 minutes 51 seconds East a distance of 15.80 feet to a point; thence South 12 degrees 46 minutes 11 seconds West a distance of 22.73 feet to a point; thence South 12 degrees 03 minutes 46 seconds West a distance of 50.82 feet to a point; thence South 10 degrees 47 minutes 46 seconds West a distance of 47.88 feet to a point; thence South 12 degrees 55 minutes 46 seconds West a distance of 63.54 feet to a point; thence South 12 degrees 37 minutes 46 seconds West a distance 50.30 feet to a point; thence South 12 degrees 08 minutes 46 seconds West a distance of 55.90 feet to a point; thence South 11 degrees 05 minutes 24 seconds West a distance of 34.96 feet to the Point of Beginning. Said tract contains 6,282 square feet or 0.144 acres.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Villa Del Rey Retirement & Assisted Living)

 

All of Roswell Retirement Center, In the City of Roswell, County of Chaves and State of New Mexico, as shown on the Official Plat recorded July 21, 1987 in Plat Book L, age 24, Real Property Records of Chaves County, New Mexico.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Willow Ridge, Emeritus at)

 

Tract 1:

 

A tract of land located in the Northeast Quarter of the Southeast Quarter of Section 20, Township 3 North, Range 29, West of the 6th PM., in Red Willow County, Nebraska more particularly described as follows: Referring to the east quarter corner of said Section 20, thence on azimuth 179° 30’  along the east section line, a distance of 35.00 feet to the point of beginning; thence continuing on azimuth 179° 30’ a distance of 1,100.00 feet to a point; thence on azimuth 270° 07’, a distance of 633.00 feet to a point; thence on azimuth 359° 30’, a distance of 1,10000 feet a point; thence on azimuth 90° 07’, a distance of 633.00 feet to the point of beginning.

 

Trace 2:

 

Lot L. Kelley Creek Subdivision to the City of McCook, Red Willow County, Nebraska.

 

 

  

  

  

 

EXHIBIT A — CONTINUED

 

LEGAL DESCRIPTION

(Eldorado Heights Assisted Living Community)

 

ALL of that certain lot, piece or parcel of land, with the buildings and improvements thereon, situate, lying and being:

 

Parcel 1:

 

A parcel of land situated in portions of vacated Blocks 2, 3, 6, 7, 9 and 10, ELDORADO ADDITION TO THE CITY OF KLAMATH FALLS, OREGON, in the County of Klamath, State of Oregon, more particularly described as follows:

 

Beginning at a point being the most Northerly corner of Lot 2, Block 10, ELDORADO ADDITION TO THE CITY OF KLAMATH FALLS, OREGON; thence along the Northwesterly line of said Lot 2, South 38 degrees 16’30” West 100.00 feet to the most Westerly corner of said Lot 2; thence along the Southwesterly line of the vacated portion of Blocks 9 and 10 of said Eldorado Addition, North 51 degrees 42’50” West 170.69 feet; thence leaving said Southwesterly line North 38 degrees 16’30” East 667.37 feet to the Southerly line of Eldorado Boulevard; thence along said Southerly line of Eldorado Boulevard 182.39 feet along the arc of a 667.34 foot radius curve to the right, the long chord of which bears South 55 degrees 00’55” East 181.84 feet; thence 29.87 feet along the arc of a 20.00 foot curve to the right, the long chord of which bears South 4 degrees 30’47” East, to its point of tangency with the Westerly line of Sloan Street; thence along said Westerly line of Sloan Street South 38 degrees 16’30” West 557.91 feet to the Northeasterly line of said Lot 2; thence along said Northeasterly line North 51 degrees 42’50” West 29.31 feet to the point of beginning.

 

Parcel 2:

 

Lot 2 in Block 10, ELDORADO ADDITION to the City of Klamath Falls, in the County of Klamath, State of Oregon, EXCEPTING THEREFROM the Southeasterly 19 feet, according to the official plat thereof on file in the office of the County Clerk of Klamath County, Oregon.

 

TOGETHER WITH all rights contained in the Cross Easement Agreement recorded with the County Clerk of Klamath Falls, Oregon as Volume M96, page 922, Microfilm Records of Klamath County, Oregon.ex107811loanagreement.htm

EXECUTION VERSION

 

 

 

 

HCP, INC.,

 

as Lender,

 

 

and

 

 

EMERITUS CORPORATION,

 

as Borrower

 

 

 

 

LOAN AGREEMENT

 

 

 

 

Dated as of: October 31, 2012

 

 

 

 

DOCUMENT PREPARED BY:

 

Paul, Weiss, Rifkind, Wharton & Garrison, LLP

 

1285 Avenue of the Americas

 

New York, NY 10019

 

Attention: Harris B. Freidus

 

  

  

  

TABLE OF CONTENTS

 

Page

 

 

	
ARTICLE 1 DEFINITIONS

	
1

	
Section 1.1

	
Certain Definitions

	
1

	
Section 1.2

	
Definitions

	
10

	
Section 1.3

	
Phrases

	
10

	
Section 1.4

	
Incorporation by Reference

	
10

	
ARTICLE 2 LOAN TERMS

	
12

	
Section 2.1

	
The Loan

	
12

	
Section 2.2

	
Interest Rate; Late Charge

	
12

	
Section 2.3

	
Terms of Payment

	
12

	
Section 2.4

	
Prepayment

	
13

	
Section 2.5

	
Security; Establishment of Funds

	
13

	
Section 2.6

	
Application of Payments

	
13

	
Section 2.7

	
Sources and Uses

	
15

	
Section 2.8

	
Partial Releases

	
15

	
Section 2.9

	
Withholding Taxes

	
16

	
ARTICLE 3 INSURANCE AND CONDEMNATION

	
20

	
Section 3.1

	
Generally

	
20

	
Section 3.2

	
Adjustments

	
20

	
Section 3.3

	
WARNING REGARDING RIGHT OF LENDER TO PURCHASE INSURANCE

	
20

	
Section 3.4

	
Use and Application of Insurance Proceeds

	
21

	
Section 3.5

	
Condemnation Awards

	
22

	
ARTICLE 4 ENVIRONMENTAL MATTERS

	
22

	
Section 4.1

	
No Waiver

	
22

	
ARTICLE 5 LEASING MATTERS

	
23

	
Section 5.1

	
Representations, Warranties and Covenants on

	
23

	
Ground Lease

	  	
23

	
Section 5.2

	
Ground Lease Estoppels

	
23

	
ARTICLE 6 REPRESENTATIONS AND WARRANTIES

	
23

	
Section 6.1

	
Organization, Power and Authority; Formation Documents

	
23

	
Section 6.2

	
Validity of Loan Documents

	
23

	
Section 6.3

	
Margin Stock

	
24

	
Section 6.4

	
Forfeiture

	
24

	
ARTICLE 7 COVENANTS

	
24

	
Section 7.1

	
Transfers

	
24

	
Section 7.2

	
Taxes

	
24

	
Section 7.3

	
Utility Service Charges

	
24

 

 

  

i

  

 

 

	
Section 7.4

	
[Intentionally Deleted].

	
24

	
Section 7.5

	
Further Assurances

	
24

	
Section 7.6

	
Estoppel Certificates

	
25

	
Section 7.7

	
Payment For Labor and Materials

	
25

	
Section 7.8

	
Use and Proceeds; Revenues

	
25

	
Section 7.9

	
Cooperation Regarding Primary Licenses and Permits

	
26

	
Section 7.10

	
Transactions With Affiliates

	
26

	
Section 7.11

	
Representations and Warranties

	
26

	
Section 7.12

	
Business and Operations

	
26

	
Section 7.13

	
Limitations on Debt, Actions

	
27

	
Section 7.14

	
REIT Representations and Covenants

	
27

	
ARTICLE 8 EVENTS OF DEFAULT

	
28

	
Section 8.1

	
Events of Default

	
28

	
ARTICLE 9 REMEDIES

	
30

	
Section 9.1

	
Remedies - Insolvency Events

	
30

	
Section 9.2

	
Remedies - Other Events

	
31

	
Section 9.3

	
Lender’s Right to Perform the Obligations

	
31

	
ARTICLE 10 MISCELLANEOUS

	
31

	
Section 10.1

	
Notices

	
31

	
Section 10.2

	
Amendments and Waivers

	
33

	
Section 10.3

	
Binding Effect; Assignment

	
33

	
Section 10.4

	
Indemnities

	
33

	
Section 10.5

	
Lender-Creditor Relationship

	
34

	
Section 10.6

	
Right of Setoff

	
35

	
Section 10.7

	
Marshaling; Payments Set Aside

	
35

	
Section 10.8

	
Limitation on Interest

	
35

	
Section 10.9

	
Invalid Provisions

	
36

	
Section 10.10

	
Reimbursement of Expenses

	
36

	
Section 10.11

	
Approvals; Third Parties; Conditions

	
37

	
Section 10.12

	
Lender Not in Control; No Partnership

	
37

	
Section 10.13

	
[Intentionally Deleted]

	
38

	
Section 10.14

	
[Intentionally Deleted]

	
38

	
Section 10.15

	
Successors and Assigns

	
38

	
Section 10.16

	
Renewal, Extension or Rearrangement

	
38

	
Section 10.17

	
Waivers

	
38

	
Section 10.18

	
Cumulative Rights; Joint and Several Liability

	
38

	
Section 10.19

	
Singular and Plural

	
38

	
Section 10.20

	
Exhibits and Schedules

	
38

	
Section 10.21

	
Titles of Articles, Sections and Subsections

	
38

	
Section 10.22

	
Survival

	
38

	
Section 10.23

	
WAIVER OF JURY TRIAL

	
39

	
Section 10.24

	
Waiver of Punitive Damages

	
39

	
Section 10.25

	
Governing Law

	
39

	
Section 10.26

	
Entire Agreement

	
39

 

 

  

ii

  

 

 

	
Section 10.27

	
Counterparts

	
39

	
Section 10.28

	
Consents and Approvals

	
39

	
Section 10.29

	
Effectiveness of Facsimile Documents and Signatures

	
40

	
Section 10.30

	
Venue

	
40

  

iii

  

 

 

LOAN AGREEMENT

 

This Loan Agreement (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is entered into as of October 31, 2012 by and between HCP, INC., a Maryland corporation, as lender (together with its successors and permitted assigns “Lender”) and Emeritus Corporation, a Washington corporation , as borrower (“Borrower”).

 

RECITALS

 

A.  Borrower has requested, and Lender has agreed, that Lender shall make a loan available to Borrower subject to all of the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual conditions and agreements contained herein, the parties agree as follows:

 

ARTICLE 1

 

DEFINITIONS

 

Section 1.1 Certain Definitions

 

.  As used herein, the following terms have the meanings indicated:

 

“Affiliate” means, any Person which, directly or indirectly (including through one or more intermediaries), Controls or is Controlled by or is under common Control with any other Person, including any Subsidiary of a Person.   Without limiting the generality of the foregoing, when used with respect to any corporation, the term “Affiliate” shall also include (i) any Person which owns, directly or indirectly (including through one or more intermediaries), fifty percent (50%) or more of any class of voting security or equity interests of such corporation, (ii) any Subsidiary of such corporation and (iii) any Subsidiary of a Person described in clause (i).

 

“Agreement” has the meaning assigned in the preamble to this Agreement.

 

“Anti-Money Laundering Laws” means those laws, regulations and sanctions, state and federal, criminal and civil, that (a) limit the use of and/or seek the forfeiture of proceeds from illegal transactions; (b) limit commercial transactions with designated countries or individuals believed to be terrorists, narcotics dealers or otherwise engaged in activities contrary to the interests of the United States; (c) require identification and documentation of the parties with whom a Financial Institution conducts business; or (d) are designed to disrupt the flow of funds to terrorist organizations.  Such laws, regulations and sanctions shall be deemed to include the Patriot Act, the Bank Secrecy Act, the Trading with the Enemy Act, 50 U.S.C. App. Section 1, et seq., the International Emergency Economic Powers Act, 50 U.S.C. Section 1701, et seq., and the sanction regulations promulgated pursuant thereto by the OFAC, as well as laws relating to prevention and detection of money laundering in 18 U.S.C. Sections 1956 and 1957.

 

  

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 “Assignment of Leases and Rents” means the Assignments of Leases and Rents, dated the date hereof, executed by Borrower for the benefit of Lender, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

“Award” has the meaning assigned in Section 3.5.

 

“Borrower” has the meaning assigned in the preamble to this Agreement.

 

“Borrower Controlling Person” means any (i) Person(s) which, directly or indirectly (including through one or more intermediaries), controls Borrower, including any partners, shareholders, principals, members, trustees and/or beneficiaries of Borrower to the extent the same control Borrower, and (ii) Person(s) which controls, directly or indirectly (including through one or more intermediaries), any other Person that would constitute a Controlling Person pursuant to the foregoing clause (i).

 

“Borrower’s Knowledge” means the actual knowledge of Borrower without inquiry or investigation other than reasonable inquiry of the current operator of the Projects.

 

“Business Day” means a day other than a Saturday, a Sunday, or a legal holiday on which national banks located in the State of New York are not open for general banking business.

 

“Casualty” has the meaning assigned in Section 3.4(a).

 

“Closing Date” means the date of this Agreement.

 

“Code” means the Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form.

 

“Collateral” means all real and personal property with respect to which Liens in favor of Lender are executed, identified or purported to be granted pursuant to the Loan Documents and includes, without limitation, all of Borrower’s right, title and interest in, to and under all personal property, real property, and other assets that arise from, are used in connection with, are related to or are located at the Projects, whether now owned by or owing to, or hereafter acquired by or arising in favor of Borrower (including all personal property and other assets owned or acquired under any trade names, styles or derivations thereof), and whether owned or consigned by, or leased from, Borrower, and regardless of where located.

 

“Commercial Lease” means a non-residential Lease.

 

“Condemnation” has the meaning assigned in Section 3.5.

 

 

  

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“Condemnation Threshold” means $500,000 with respect to any Condemnation proceeding, not to exceed $1,000,000 in the aggregate in any calendar year. 

 

“Contract Rate” means a rate of interest equal to the lesser of (a) (i) with respect to the first Loan Year, six and one-tenths percent (6.1%) per annum, (ii) with respect to the second Loan Year, six and four-tenths percent (6.4%) per annum, (iii) with respect to the third Loan Year, six and six-tenths percent (6.6%) per annum, and (iv) with respect to the fourth Loan Year, six and eight-tenths percent (6.8%) per annum, and (b) the maximum rate of interest allowed by applicable Law.

 

“Control”, “controls”, “controlled by” and “under common control with”, as used with respect to any Person, shall mean the possession, directly or indirectly (including through one or more intermediaries), of the power to direct or cause the direction of the management and policies of such Person, through the ownership or control of voting securities, partnership interests or other equity interests, by contract or otherwise.

 

“Debt” means, for any Person, without duplication: (a) all indebtedness of such Person for borrowed money, for amounts drawn under a letter of credit, or for the deferred purchase price of property for which such Person or any of its assets is liable, (b) all unfunded amounts under a loan agreement, letter of credit, or other credit facility for which such Person or any of its assets would be liable or subject, if such amounts were advanced under the credit facility, (c) all amounts required to be paid by such Person as a guaranteed payment to partners, including any mandatory redemption of shares or interests, (d) all indebtedness guaranteed by such Person, directly or indirectly, (e) all obligations under leases that constitute capital leases for which such Person or any of its assets is liable or subject, and (f) all obligations of such Person under interest rate swaps, caps, floors, collars and other interest hedge agreements (which shall be netted against any amount received by such Person under such an agreement during the same period) and, provided further, that the payment made on the Closing Date with respect to the first year of such a contract shall not be included, in each case whether such Person or any of its assets is liable or subject contingently or otherwise, as obligor, guarantor or otherwise, or in respect of which obligations such Person otherwise assures a creditor against loss.

 

“Default Rate” means the lesser of (a) the maximum rate of interest allowed by applicable law, and (b) five percent (5%) per annum in excess of the then-applicable Contract Rate.

 

“Dollars” and the sign “$” each mean the lawful money of the United States of America.

 

“Environmental Laws” means any and all applicable federal, state, municipal and local laws, statutes, ordinances, rules, regulations, binding and enforceable guidance or policies, orders, decrees, judgments, whether statutory or common law, as amended from time to time, now or hereafter in effect, or promulgated, pertaining to the environment, public health and safety and industrial hygiene, including the use, 

 

 

  

3

  

 

generation, manufacture, production, storage, release, discharge, disposal, handling, treatment, removal, decontamination, clean-up, transportation or regulation of  any Hazardous Substance, including the Clean Air Act, the Clean Water Act, the Toxic Substances Control Act, the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act, the Federal Insecticide, Fungicide, and Rodenticide Act, the Safe Drinking Water Act and the Occupational Safety and Health Act.

 

“Event of Default” has the meaning assigned in Section 8.1.

 

“FATCA” means Sections 1471 through 1474 of the Code (or any amended or successor version) and any current or future regulations or official interpretations thereof.

 

“Financial Institution” means a United States Financial Institution as defined in 31 U.S.C. 5312, as amended from time to time.

 

 “FIRREA” means the Financial Institutions Reform, Recovery and Enforcement Act and the regulations promulgated pursuant to such act.

 

“GAAP” means U.S. generally accepted accounting principles.

 

“Governmental Approvals” means, collectively, all consents, licenses and permits and all other authorizations or approvals required from any Governmental Authority to operate the Projects.

 

“Governmental Authority” means any court, board, agency, administrative body, commission, office or other authority of any nature whatsoever for any governmental unit (federal, state, county, district, municipal, city or otherwise) whether now or hereafter in existence having jurisdiction and enforcing regulatory control over the Projects or Borrower (including, without limitation, any of the foregoing having jurisdiction over the ownership, operation, use or occupancy of any Project).

 

“Ground Lease” means that certain Agreement of Lease, dated as of August 11, 1998, by and between Ground Lessor and Ground Lessee (successor-in-interest to Baltimore NCH Assisted, L.L.C.), together with all amendments, modifications, supplements, extensions and assignments thereto.

 

“Ground Lessee” means Borrower, in its capacity as the lessee under the Ground Lease.

 

“Ground Lessor” means W.S. Baer Corporation (or its successor-in-interest) as the ground lessor under the Ground Lease.

 

 “Hazardous Substances” means, collectively, any petroleum, petroleum product or byproduct or any dangerous, toxic or hazardous substance, material or waste regulated or listed pursuant to any Environmental Law, but excluding pharmaceuticals and other health care products to the extent such pharmaceuticals and products: (i) are 

 

  

4

  

 

related to the Primary Intended Use; (ii) would not be considered “waste” under any Environmental Law other than “solid waste”; and (iii) are used in the ordinary course of business consistent with the Primary Intended Use and in compliance with Health Care Requirements.

 

“Health Care Requirements” means, with respect to each Project, all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, standards, policies, judgments, decrees and injunctions or agreements, in each case regulating the establishment, construction, ownership, operation, use or occupancy of such Project or any part thereof for its Primary Intended Use and all material permits, licenses and authorizations and regulations relating thereto, including all material rules, orders, regulations and decrees of and agreements with Governmental Authorities as pertaining to such Project.

 

“Impositions” means, collectively, all taxes, including capital stock, franchise, gross margins and other state, municipal and local taxes; ad valorem, sales, use, single business, gross receipts, net worth, transaction privilege, rent or similar taxes; assessments including assessments for public improvements or benefits, whether or not commenced or completed prior to the date hereof and whether or not to be completed within the Term; water, sewer and other utility levies and charges; excise tax levies; fees including license, permit, inspection, authorization and similar fees; and all other governmental charges, in each case whether general or special, ordinary or extraordinary, or foreseen or unforeseen, of every character, in the case of each of the foregoing, of Borrower, in respect of the Projects (including with respect to any tax parcel of which all or any portion of any Project comprises any portion thereof), and all interest and penalties thereon attributable to any failure in payment by Borrower, which at any time prior to, during or in respect of the Term hereof may be assessed or imposed on or in respect of or be a lien upon (i) Borrower or Borrower’s interest in the Projects, (ii) the Projects or any parts thereof, or any rent therefrom or any estate, right, title or interest therein, or (iii) any occupancy, operation, use or possession of, or sales from or activity conducted on or in connection with the Projects or the leasing or use of the Projects or any parts thereof.

 

“Incorporated Provisions” has the meaning assigned in Section 1.4.

 

“Indebtedness” means all payment obligations of Borrower to Lender or to Lender under the Loan or any of the Loan Documents, including, without limitation, any and all interest, whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post- petition interest is allowed in any such proceeding.

 

“Indemnified Matters” has the meaning assigned in Section 10.4.

 

“Indemnitee” has the meaning assigned in Section 10.4.

 

“Land” means, collectively, the real property described in Exhibits A-l through A-9 attached hereto.

 

 

  

5

  

 

“Laws” means, collectively, all federal, state and local laws, statutes, codes, ordinances, orders, rules and regulations and guidances and judicial opinions or presidential authority in the applicable jurisdiction, including but not limited to quality and safety standards, accreditation standards and requirements of any Governmental Authority or State Regulator having jurisdiction over the ownership, use, occupancy or operations of the Projects, each as it may be amended from time to time.

 

“Leases” means all leases of, subleases of and occupancy agreements affecting the Projects or any part thereof now existing or hereafter executed (including all patient and resident care agreements and service agreements which include an occupancy agreement) and all amendments, modifications or supplements thereto.

 

“Legal Requirements” means, with respect to Borrower and each Project (a) all federal, state, county, municipal and other governmental statutes, laws (including all Health Care Requirements, and Environmental Laws), rules, policies, guidance, codes, orders, regulations, ordinances, permits, licenses, covenants, conditions, restrictions, judgments, decrees and injunctions of any Governmental Authority, affecting the Projects or the construction, use or alteration thereof, whether now or hereafter enacted and in force, including any which may (i) require repairs, modifications or alterations in or to the Projects, (ii) in any way adversely affect the use and enjoyment thereof, or (iii) regulate the transport, handling, use, storage or disposal or require the cleanup or other treatment of any Hazardous Substances, and (b) all covenants, agreements, restrictions, and encumbrances either now or hereafter of record or known to Borrower affecting the Projects.

 

“Lender” has the meaning assigned in the preamble to this Agreement.

 

“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines, penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal and other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise.

 

“Lien” means any interest, or claim thereof, in the Projects securing an obligation owed to, or a claim by, any Person other than the owner of the Projects, whether such interest is based on common law, statute or contract, including the lien or security interest arising from a deed of trust, mortgage, assignment, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes.  The term “Lien” shall include reservations, exceptions, encroachments, easements, rights of way, covenants, conditions, restrictions, leases and other title exceptions and encumbrances affecting the Projects.

 

“Loan” has the meaning assigned in Section 2.1.

 

 

  

6

  

 

“Loan Commitment” means that certain commitment letter from Lender to Borrower, dated October 16, 2012, pursuant to which Lender has agreed to provide Borrower with up to $52,000,000 to finance the purchase of the Projects on the Closing Date on and subject to the terms and conditions set forth therein and the definitive documents to be entered into by Lender and Borrower in connection therewith.

 

“Loan Documents” means: (a) this Agreement, (b) the Notes, (c) the Mortgages, (d) the Assignment of Leases and Rents, (e) Uniform Commercial Code financing statements and fixture filings, (f) all other documents evidencing, securing, governing or otherwise pertaining to the Loan, and (g) all amendments, modifications, renewals, substitutions and replacements of any of the foregoing.

 

“Loan Year” means (a) for the first Loan Year, the period between the date hereof and October 31, 2013, and (b) each consecutive twelve month calendar period after the first Loan Year until the Maturity Date.

 

“Master Commercial Lease” means a Commercial Lease with respect to more than ten percent (10%) of the square footage within a Project in the aggregate to any Person and/or its Affiliates, directly or indirectly, or through one or more step transactions or tiered transactions (including subleases or sub-subleases).

 

“Master Lease” means that certain Master Lease and Security Agreement, dated of even date herewith, by and between Master Lessor and Master Lessee.

 

“Master Lessee” means Borrower, in its capacity as ground lessee under the Master Lease.

 

“Master Lessor” means the Subsidiaries of Lender who are the ground lessors under the Master Lease.

 

“Material Adverse Effect” or “material adverse effect” means a material adverse effect on (i) the condition (financial or otherwise), operations, business, assets, liabilities or prospects of Borrower taken as a whole, (ii) the ability of Borrower to perform any material obligation under the Loan Documents, (iii) on the Liens secured by the Loan Documents, or (iv) the ability of Borrower to operate all or a material portion of the Projects.

 

“Maturity Date” means the earlier of (i) the last day of the fourth (4th) Loan Year (the “Stated Maturity Date”) and (ii) any earlier date on which the entire Loan is required to be paid in full, by acceleration or otherwise, under this Agreement or any of the other Loan Documents.

 

“Medicaid” means Title XIX of the Social Security Act, which was enacted in 1965 to provide a cooperative federal-state program for low income and medically indigent persons, which is partially funded by the federal government and administered by the states.

 

 

  

7

  

 

 

“Medicare” means Title XVIII of the Social Security Act, which was enacted in 1965 to provide a federally funded and administered health program for the aged and certain disabled persons.

 

“Mortgages” means, collectively, each of the fee and leasehold mortgages, deeds of trust and deeds to secure debt executed by Borrower as of the date hereof for the benefit of Lender and covering the Projects, as the same may be amended, restated, supplemented or modified from time to time.

 

“Non-U.S. Lender Party” means a Lender that is not a U.S. Lender Party.

 

“Note” means that certain Promissory Note of even date herewith executed by Borrower for the benefit of Lender in the amount of Fifty-Two Million Dollars ($52,000,000.00), as the same may be amended, restated, supplemented or modified from time to time,.

 

“Obligations” means the Indebtedness and all other obligations of Borrower hereunder and under the other Loan Documents.

 

“Other Taxes” has the meaning assigned in Section 2.9(c).

 

“Partial Release” has the meaning assigned in Section 2.8(a).

 

“Partial Release Price” has the meaning assigned in Section 2.8(a)(vii).

 

“Partial Release Project” has the meaning assigned in Section 2.8(a).

 

“Patriot Act” means the USA Patriot Act of 2001, Pub.  L.  No.  107-56.

 

“Payment Date” has the meaning assigned in Section 2.3(a), and is the date that a regularly scheduled payment of interest is due under the Loan.

 

“Permit” means, with respect to any Person, any permit, approval, authorization, license, registration, certificate (including certificates of occupancy), concession, grant, franchise, variance or permission from, and any other contractual obligations with, any Governmental Authority, in each case whether or not having the force of law and applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

 

“Permitted Exceptions” means the exceptions to title contained in the Title Policies insuring the liens created pursuant to the Mortgages and any other title matter to which Lender consents in writing.

 

“Person” means any individual, corporation, partnership, joint venture, association, joint stock company, trust, trustee, estate, limited liability company, unincorporated organization, real estate investment trust, government or any agency or political subdivision thereof, or any other form of entity.

 

 

  

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“Primary Intended Use”  means, with respect to each Project, the licensed use(s) set forth under the heading “Project Description and Primary Intended Use” on Exhibit B attached hereto and incorporated herein by this reference with respect to such Project, such other uses necessary or incidental to such use and any change to such Primary Intended Use approved by Lender in accordance with Section 7.2.2 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof.

 

“Primary License” means, with respect to any Project or Person operating such Project, as the case may be, the certificate of need, permit or license to operate as a senior housing facility, and each Medicaid/Medicare/TRICARE provider agreement.

 

“Projects” means the Land and the senior housing facilities located on the Land, and all related facilities, amenities, fixtures, and personal property owned or leased by Borrower and any improvements now or hereafter located on the Land and described in Exhibit A, but shall exclude any Partial Release Project as and when (if at all) released from the Lien of the Loan Documents in accordance with Section 2.8.

 

“Prorated Interest” has the meaning assigned in Section 2.4(b).

 

“Register” has the meaning assigned in Section 2.10.

 

 “Related Persons” means, with respect to any Person, each of such Person’s Affiliates, officers, directors, employees, agents, trustees, representatives, attorneys, accountants, and each insurance, environmental, legal, financial and other advisor and other consultants and agents of or to such Person or any of its Affiliates.

 

“Restoration Threshold” means, as of any date, the lesser of (a) 10% of the replacement value of the improvements at the affected Project as of such date, and (b) $500,000.00.

 

“S&P” shall mean Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.

 

“Secured Parties” means Lender and its Related Persons.

 

“Security” means all of the real and personal property securing the Obligations described in the Loan Documents.

 

“Social Security Act” means 42 U.S.C. 401 et seq., as enacted in 1935, and amended, restated or otherwise supplemented thereafter from time to time and all rules and regulations promulgated thereunder.

 

“Subsidiaries”  means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent's consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership

 

  

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interests representing or entitling the holder thereof to more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership or limited liability company, more than 50% of the general partnership or membership interests are, as of such date, owned, controlled or held.

 

“Tenant” means any tenant or occupant of a Project under a Lease.

 

“Term” shall mean the term of the Loan.

 

“Transfer” has the meaning assigned in Section 24.1.2 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof.

 

“Treasury Regulation” means U.S. Department of Treasury regulations.

 

“U.S. Lender Party” means a Lender that is a “United States person” as defined in Section 7701(a)(30) of the Code.

“Withholding Taxes” has the meaning assigned in Section 2.9.

 

	
  

	 

 

 

Section 1.2 Definitions.  All terms defined in Section 1.1 above or otherwise in this Agreement shall, unless otherwise defined therein, have the same meanings when used in any other Loan Document or any certificate or other document made or delivered pursuant hereto.  The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole.  The words “include” and “include(s)” when used in this Agreement and the other Loan Documents means “include(s), without limitation,” and the word “including” means “including, but not limited to.”  All accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP as at the time applicable.

 

Section 1.3 Phrases.  When used in this Agreement and the other Loan Documents, the phrase “including” shall mean “including, but not limited to,” the phrase “satisfactory to Lender,” shall mean “in form and substance satisfactory to Lender in all respects”, the phrases “with Lender’s consent,” and “with Lender’s approval,” shall mean such consent or approval at Lender’s sole discretion, and the phrase “acceptable to Lender,” shall mean “acceptable to Lender at Lender’s sole discretion” unless otherwise specified in this Agreement.

 

Section 1.4 Incorporation by Reference

 

.  The following provisions of the Master Lease are incorporated herein by this reference as if such provisions were set forth herein in full (as between Lender and Borrower with respect to the Projects as if they were Lessor and Lessee, respectively, of the Leased Property demised under the Master Lease), except to the extent that they are inapplicable, inconsistent with, in conflict with, or are specifically modified by the terms of this Agreement:  Section 4.1.1 (Impositions); the first sentence of Section 4.2 (Utility Charges); Section 4.3 (Insurance Premiums); the first and third sentences of Section 6.2 (Personal Property) (provided that the phrase “parcels of the Land or in any of the Leased Improvements” in the first 

 

  

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sentence thereof shall be deleted and replaced with “Projects”); Section 7.2 (Use of the Projects); Section 8.1 (Compliance with Legal and Insurance Requirements, Instruments, Etc.); Section 9.1 (Maintenance and Repair) (except for Section 9.1.4 thereof); Section 9.2 (Encroachments, Restrictions, Mineral Leases, Etc.), Section 9.7 (Inspections; Due Diligence Fee); Article X (relating to alterations) (assuming for purposes hereof that there are no “Pre-Existing Projects”); Section 12.1 (Permitted Contests) (except for the third and fourth sentences thereof and provided that no such contests shall be brought in Lender’s name or if such contests would have a material adverse effect on the Liens created by the Loan Documents); Article XIII (relating to insurance requirements); Section 16.10 (Leases and Residential Care Agreements); Section 21.1 (General REIT Provisions); Section 23.1 (General Indemnification (except that the word “subleases” in clause (iv) thereof shall be deleted and replaced with “Leases”); subject to Section 7.1 hereof, Section 24.1.1 (Prohibition) (except for the first parenthetical in the first sentence thereof and the last sentence thereof, and except that the reference in clause (i) to “this Lease or Lessee’s leasehold estate hereunder” shall be deleted and replaced with “the Projects or Borrower’s interest therein”), Section 24.1.2.1 (except for the last sentence thereof), the second sentence of Section 24.1.2.2, Section 24.1.2.3 and Section 24.1.2.4 (Consent); Section 24.1.3 (Release); Section 24.1.4 (Attornment and Related Matters); Section 24.1.5 (Assignment of Lessee’s Rights Against Occupant Under a Master Sublease); Section 24.1.6 (Costs); Section 24.1.7 (No Release); subject to Section 7.1 hereof; Section 24.1.9 (Transfers in Bankruptcy); Section 24.1.10 (Public Offering/Public Trading); Section 24.1.11 (Certain Other Transfers); Section 24.1.12 (Affiliate Transactions) (except that the security interest to be granted to Lender pursuant to Section 24.1.12.6 shall be consistent with the security interest granted by the Loan Documents rather than by Section 16.9 of the Master Lease); Section 25.1.2 (Statements); Section 25.1.3 (Lessee’s Submission of Certificates/Statements); Article XXXVII (relating to hazardous substances) (except for the last paragraph of Section 37.4 thereof); Section 41.1(g) (OFAC); and Section 45.17 (Confidentiality) (collectively, the “Incorporated Provisions”); provided, in each case, that for purposes of this Section 1.4 (a) the capitalized terms used in the Incorporated Provisions and not otherwise defined herein shall have the meanings assigned to such terms in the Master Lease; (b) each reference in an Incorporated Provision to another Incorporated Provision shall be deemed to be a reference to such Incorporated Provision as incorporated herein; (c) the term “Lease” as used in the Incorporated Provisions shall mean this Agreement; (d) the term “Lessor” as used in the Incorporated Provisions shall mean Lender; (e) the terms “Lessee”, “lessee” and “Lessee Parties” as used in the Incorporated Provisions shall mean Borrower; (f) the terms “Leased Property”, “Capital Additions” and “Personal Property” as used in the Incorporated Provisions shall mean the Projects; (g) the term “Facility” as used in the Incorporated Provisions shall mean an individual Project; (h) the term “Commencement Date” as used in the Incorporated Provisions shall mean the Closing Date; (i) the term “Lease Year” as used in the Incorporated Provisions shall mean Loan Year; (j) the term “Additional Charges” as used in the Incorporated Provisions shall mean amounts which (in addition to principal, interest and all other amounts due hereunder) shall be secured by the Loan Documents and payable by Borrower to Lender upon demand; (k) the term “Master Sublease” as used in the Incorporated Provisions shall mean Master Commercial Lease; (l) the term “Controlling Person” as used in the 

 

  

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Incorporated Provisions shall mean Borrower Controlling Person; (m) the term “Occupancy Arrangement” as used in the Incorporated Provisions shall mean Lease; (n) the term Occupant as used in the Incorporated Provisions shall mean Tenant; (o) the term “Fair Market Value” as used in the Incorporated Provisions shall mean fair market value; (p) the term “Rent” as used in the Incorporated Provisions shall mean Obligations; and (q) all references in the Incorporated Provisions to any “Facility Mortgagee” or “Collateral Agent” shall be disregarded; (r) all references in the Incorporated Provisions to “Guarantor” shall be disregarded unless and until there is a “replacement Guarantor” pursuant to a Transfer in accordance with Section 24.1 of the Master Lease as incorporated herein; and (s) there shall be no “Transfer Consideration” in connection with any Transfer.

 

ARTICLE 2

 

LOAN TERMS

 

Section 2.1 The Loan

 

.  Lender agrees to make a loan to Borrower in the amount of Fifty-Two Million Dollars ($52,000,000.00) (the “Loan”), which sum shall repaid in accordance with the terms of this Agreement and the Notes.  Borrower hereby agrees to accept the Loan, subject to and upon the terms and conditions set forth herein.

 

Section 2.2 Interest Rate; Late Charge

 

.  The outstanding principal balance of the Loan shall bear interest at the applicable Contract Rate.  Interest at the applicable Contract Rate shall be computed on the basis of a fraction, the denominator of which is three hundred sixty (360) and the numerator of which is the actual number of days elapsed from the date of the initial disbursement under the Loan or the date of the preceding Payment Date, as the case may be, to the date of the next Payment Date or the Maturity Date (which results in more interest being paid than if computed on the basis of a 365-day year).  If Borrower fails to pay any installment of interest within five (5) Business Days after the date on which the same is due and payable Borrower shall pay to Lender a late charge on such past due amount, as liquidated damages and not as a penalty, equal to five percent (5%) of such amount, but not in excess of the maximum amount of interest allowed by applicable law.  The foregoing late charge is intended to compensate Lender for the expenses incident to handling any such delinquent payment and for the losses incurred by Lender as a result of such delinquent payment.  Borrower agrees that, considering all of the circumstances existing on the date this Agreement is executed, the late charge represents a reasonable estimate of the costs and losses Lender will incur by reason of late payment.  Borrower and Lender further agree that proof of actual losses would be costly, inconvenient, impracticable and extremely difficult to fix.  Acceptance of the late charge shall not constitute a waiver of any Event of Default arising from the overdue installment, and shall not prevent Lender from exercising any other rights or remedies available to Lender with respect to such Event of Default.  While any Event of Default exists, the Loan shall bear interest at the Default Rate.

 

Section 2.3 Terms of Payment

 

.  The Loan shall be payable as follows:

 

(a) Interest and Principal.

 

 

  

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(i) Borrower shall pay to Lender, on the date hereof, a payment of interest only on the Loan for the period from the date hereof through and including November 30, 2012, at the Contract Rate.

 

(ii) Commencing on January 2, 2013, and continuing on the first (1st) day of each calendar month thereafter (each such date a “Payment Date”) through and including the Payment Date immediately prior to the Maturity Date, Borrower shall pay to Lender all accrued and unpaid interest due and payable on the Loan.

 

(b) Maturity.  On the Maturity Date, Borrower shall pay to Lender all outstanding principal, accrued and unpaid interest, default interest, late charges, and any and all other amounts due under the Loan Documents with respect to the Loan.

 

Section 2.4 Prepayment

 

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(a) Voluntary Prepayment.  The Loan may be prepaid in whole or in part, at any time and without penalty, provided Borrower provides not less than one (1) Business Days' notice to Lender of such prepayment and pay with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents.

 

(b) Prepayment Not Made on a Payment Date.  If for any reason the Loan or any portion thereof is prepaid on a day other than a scheduled monthly Payment Date, interest shall be prorated through the date of prepayment (the “Prorated Interest”).  On the prepayment date, Borrower shall pay to Lender the applicable principal of the Loan, Prorated Interest, and any other amounts, if any, required under this Agreement.

 

Section 2.5 Security; Establishment of Funds

 

.  The Loan shall be secured by the Mortgages creating a first lien on the Projects, the Assignment of Leases and Rents and the other Loan Documents.

 

Section 2.6 Application of Payments

 

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(a) Waterfall.  Prior to the occurrence of an Event of Default, all payments received by Lender under the Loan Documents shall be applied, (i) first, to pay Obligations in respect of any cost or expense reimbursements, fees or indemnities then due to Lender pursuant to this Agreement or any other Loan Document, (ii) second, to pay interest then due and payable to Lender in respect of the Loan calculated at the applicable Contract Rate or Default Rate, as applicable, (iii) third, to principal payments due under the Loan owing to Lender, and (iv) fourth, to the payment of all other Obligations.  Upon the occurrence and during the continuance of an Event of Default, all payments shall be applied in such order as Lender shall determine in its sole discretion.

 

(b) Application of Payments Generally.  If sufficient amounts are not available to repay all outstanding Obligations then due described in any priority 

 

  

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level set forth in this Section 2.6, the available amounts shall be applied, unless otherwise expressly specified herein, to such Obligations ratably based on the proportion of the Secured Parties’ interest in such Obligations.  Any priority level set forth in this Section 2.6 that includes interest shall include all such interest, whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding.

 

(c) Payments and Computations.

 

(i) Procedure.  Borrower shall make each payment under any Loan Document not later than 4:00 p.m. (Eastern Standard or Daylight Savings time) on the day when due to Lender by wire transfer or Automated Clearing House (“ACH”) transfer (which shall be the exclusive means of payment hereunder) to the following account (or at such other account or by such other means to such other address as Lender shall have notified Borrower in writing within a reasonable time prior to such payment) in immediately available Dollars and without setoff or counterclaim:

 

Account Name:                                               HCP, Inc.

Account Number:                                           12353-68670

Bank Name:                                                     Bank of America

Routing Number:

Wires:                                                  026 009 593

 

ACH:                                                    122 000 661

 

HCP Contact:                                                Wendi Evans

 

                           (562) 733-5167

 

 

Payments received by Lender after 4:00 p.m.  (Eastern Standard or Daylight Savings time) shall be deemed to be received on the next Business Day.

 

(d) Computations of Interests and Fees.  All computations of interest and of fees shall be made by Lender on the basis of a year of 360 days (which results in more interest being paid than if computed on the basis of a 365-day year), in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest and fees are payable.  All such determinations made by Lender shall be conclusive, binding and final for all purposes, absent manifest error.

 

(e) Payment Dates.  Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, the due date for such payment shall be extended to the next succeeding Business Day without any increase in such payment as a result of additional interest or fees.

 

 

  

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Section 2.7 Sources and Uses

 

.  The proceeds of the Loan are intended and will be used by Borrower for the acquisition of the Projects and for no other purposes.

 

Section 2.8 Partial Releases

 

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(a) General Provisions.  Notwithstanding anything contained in this Agreement or any of the other Loan Documents to the contrary (including the restrictions on Transfers set forth in Section 7.1 hereof and Section 24.1.1 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof), provided that no Event of Default shall have occurred and be continuing, Borrower shall have the right to sell individual Projects, and Lender agrees to release any such Project (each, a “Partial Release Project”) from the Lien of the related Mortgage and the other Loan Documents, provided that all of the following terms and conditions are satisfied (such release herein called a “Partial Release”):

 

(i) Borrower shall certify in writing to Lender that no Event of Default shall have occurred and be continuing immediately after giving effect to the applicable Partial Release and the execution and delivery of all documents connected therewith.

 

(ii) Borrower shall provide ten (10) Business Days prior written notice to Lender of its desire to have the applicable Partial Release Project released as security for the Loan, and provide Lender with the proposed form of release of the Lien of the related Mortgage which must be reasonably satisfactory to Lender in form and substance.

 

(iii) Such release will not affect the priority of lien or liens on the remainder of the Security, or Lender’s rights in and to the remainder of the Security.

 

(iv) Borrower shall pay all reasonable expenses of Lender, including, without limitation, reasonable attorneys’ fees and expenses, recording costs and similar costs in connection with the Partial Release.

 

(v) [Intentionally Deleted]

 

(vi) Borrower shall pay to Lender the release price for the applicable Partial Release Project (the “Partial Release Price”) specified on Schedule 2.8 of this Agreement.

 

Upon receipt of the amounts required under Sections 2.8(a)(iv) and 2.8(a)(vi) above and satisfaction of all of the other requirements contained in this Section 2.8, in addition to releasing the applicable Project from the lien of the applicable Mortgage, Assignment of Leases and Rents and other Loan Documents specific to the Partial Release Project, Lender shall also partially-release all obligations of Borrower under all other Loan Documents as, but only to the extent, they relate to the Project being released.

 

 

  

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Section 2.9 Withholding Taxes

 

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(a) Payments Free and Clear of Withholding Taxes.  Except as otherwise provided in this Section 2.9, each payment by Borrower under any Loan Document shall be made free and clear of all present or future Impositions with respect thereto (and without deduction for any of them) (collectively, but excluding the taxes set forth in clauses (i) through (v) below,  the “Withholding Taxes”) other than for (i) taxes measured by net income (including branch profits taxes) and taxes imposed in lieu of net income taxes or by capital, in each case (A) imposed on Lender as a result of a present or former connection between Lender and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from Lender having executed, delivered or performed its obligations or received a payment under, or enforced, any Loan Document) or (B) imposed as a result of Lender being organized under the laws of, or having its principal office (or its applicable lending office) located in, the jurisdiction imposing such tax (or any political subdivision thereof); (ii) taxes that are attributable to the failure by Lender to deliver the documentation required to be delivered pursuant to clause (e) below; (iii) taxes imposed by way of withholding on net or gross income, except such taxes solely to the extent arising as a result of a change in applicable Law occurring after (X) the date that Lender became a party to this Agreement, (Y) with respect to an assignment by Lender, the time such assignment became effective, except to the extent that such Person’s predecessor was entitled to receive additional amounts under clauses (b) or (d) below, or (Z) with respect to the designation of a new lending office, the effective date of such designation, except to the extent such Person was entitled to receive additional amounts under clauses (b) or (d) below immediately before it designated a new lending office; (iv) taxes imposed as a result of the willful misconduct or gross negligence of Lender; and (v) any U.S. federal withholding taxes imposed under FATCA.

 

(b) Gross-Up.  If any Withholding Taxes shall be required by law to be deducted from or in respect of any amount payable under any Loan Document to Lender (i) such amount shall be increased as necessary to ensure that, after all required deductions for Withholding Taxes are made (including deductions applicable to any increases to any amount under this Section 2.9), Lender receives the amount it would have received had no such deductions been made, (ii) Borrower shall make such deductions, (iii) Lender shall timely pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable Requirements of Law and (iv) within 30 days after such payment is made, Borrower shall deliver to Lender, at its address referred to in Section 10.1, an original or certified copy of a receipt evidencing such payment, or, if such receipt is not available, a certificate of Borrower setting forth the amount of such payment and the date on which such payment was made.

 

(c) Other Taxes.  In addition, Borrower agrees to pay, and authorize Lender to pay in Borrower’s name, any present and future stamp, documentary, excise or property tax, intangibles tax, charges or similar levies imposed by any applicable Legal Requirement or Governmental Authority and all Liabilities with respect thereto (including by reason of any delay in payment thereof), in each case (A)  arising from the execution, delivery or registration of, or otherwise with respect to, any Loan 

 

  

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Document or any transaction contemplated therein, and (B) excluding any taxes imposed as a result of an assignment or designation of a new lending office (other than pursuant to clauses (g) or (h) below) (collectively, “Other Taxes”).  Within 30 days after the date of any payment of Withholding Taxes or Other Taxes by Borrower, Borrower shall furnish to Lender, at its address referred to in Section 10.1, the original or a certified copy of a receipt evidencing payment thereof, or, if such receipt is not available, a certificate of Borrower setting forth the amount of such payment and the date on which such payment was made.

 

(d) Indemnification.  Borrower shall reimburse and indemnify, within thirty (30) days after receipt of demand therefor, Lender for all Withholding Taxes and Other Taxes (including any Withholding Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.9) paid by Lender and any Liabilities arising therefrom or with respect thereto, whether or not such Withholding Taxes or Other Taxes were correctly or legally asserted.  A certificate of Lender claiming any compensation under this clause (d), setting forth the amounts to be paid thereunder and delivered to Borrower, shall be conclusive, binding and final for all purposes, absent manifest error.  In determining such amount, Lender may use any reasonable averaging and attribution methods.

 

 Notwithstanding anything else to the contrary in this Section 2.9, Borrower shall not be under any obligation to compensate Lender under this Section 2.9 for Withholding Taxes or Other Taxes with respect to any period prior to the date that is 270 days prior to such certificate of Lender claiming compensation.

(e) Tax Forms.

 

(i) Each Non-U.S. Lender Party that, at any of the following times, is entitled to an exemption from, or a reduction of, United States withholding tax (including pursuant to an applicable tax treaty) shall (w) on or prior to the date such Non-U.S. Lender Party becomes a “Non-U.S. Lender Party” hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this clause (e) and (z) from time to time if requested by Borrower, provide Borrower with two properly completed and executed originals of each of the following, as applicable:  (A) Form W-8ECI (claiming exemption from U.S. withholding tax because the income is effectively connected with a U.S. trade or business), Form W-8BEN (claiming exemption from, or a reduction of, U.S. withholding tax under an income tax treaty), Form W-8IMY (claiming exemption from, or a reduction of, U.S. withholding tax because such Lender serves as an intermediary, and including proper attachments) or any successor forms, (B) in the case of a Non-U.S. Lender Party claiming exemption under Sections 871(h) or 881(c) of the Code, Form W-8BEN (claiming exemption from U.S. withholding tax under the portfolio interest exemption), Form W-8IMY (claiming exemption from, or a reduction of, U.S. withholding tax because such Lender serves as an intermediary, and including proper attachments) or any successor form and a certificate in form and substance acceptable to Borrower that such Non-U.S. Lender Party is not (1) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of a Borrower within the meaning of Section 871(h)(3)(B) of the Code or (3) a “controlled foreign corporation” 

 

  

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described in Section 864(d)(4) of the Code or (C) any other applicable form or document prescribed by the Internal Revenue Service or other taxing authority certifying as to the entitlement of such Non-U.S. Lender Party to such exemption from U.S. or other withholding tax or reduced rate with respect to any payments to be made to such Non-U.S. Lender Party under the Loan Documents.  Unless Borrower has received forms or other documents satisfactory to them indicating that payments under any Loan Document to or for a Non-U.S. Lender Party are not subject to U.S. withholding tax or are subject to such tax at a reduced rate, Borrower shall withhold amounts required to be withheld by applicable Legal Requirements from such payments at the applicable statutory rate.

 

(ii) Each U.S. Lender Party shall (A) on or prior to the date such U.S. Lender Party becomes a “U.S. Lender Party” hereunder, (B) on or prior to the date on which any such form or certification expires or becomes obsolete, (C) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this clause (e) and (D) from time to time if requested by Borrower, provide Borrower with two properly completed and executed originals of Form W-9 (certifying that such U.S. Lender Party is entitled to an exemption from U.S. backup withholding tax) or any successor form.

 

(iii) If a payment made to Lender under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA, Lender shall deliver to Borrower, at the time or times prescribed by law and at such time or times reasonably requested by Borrower, such documentation prescribed by applicable law and such additional documentation reasonably requested by Borrower as may be necessary for Borrower to comply with its obligations under FATCA, to determine that Lender has or has not complied with Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment.

 

(f) Refunds.  If Lender has received a refund of (or tax credit with respect to) any Withholding Taxes or Other Taxes as to which it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 2.9, the Lender shall pay over such refund (or the benefit realized as a result of such tax credit) to Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by Borrowers under this Section 2.9 with respect to the Withholding Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Lender (including any Withholding Taxes imposed with respect to such refund) as is determined by the Lender in good faith, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that Borrower, upon the request of the Lender, agrees to repay as soon as reasonably practicable the amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority, unless imposed as a result of the willful misconduct or gross negligence of the Lender) to the Lender in the event the Lender is required to repay such refund to such Governmental Authority.  This Section 2.9 shall not be construed to require the Lender to make available its tax returns (or any other information relating to its Withholding Taxes or Other Taxes which it deems in good faith to be confidential) to Borrower or any other Person.

 

 

  

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(g) Mitigation.  Any Lender claiming any additional amounts payable pursuant to this Section 2.9 shall use its reasonable efforts (consistent with its internal policies and Legal Requirements) to change the jurisdiction of its lending office, or to assign its rights and obligations under the Loan to another of its offices, branches or affiliates, if such a change or assignment would reduce any such additional amounts (or any similar amount that may thereafter accrue) and would not be otherwise disadvantageous to such Lender.

 

(h) Replacement of Lenders.  If Borrower is required to pay any additional amount to Lender or any Governmental Authority for the account of Lender pursuant to Section 2.9, then Borrower may, upon notice to Lender, require Lender to assign and delegate, without recourse, all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations; provided, that (i) Lender shall have received payment of an amount equal to the outstanding principal of the Loan (or Lender’s portion thereof, if applicable), accrued interest thereon, and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest) or the Borrower (in the case of all other amounts) and (ii) such assignment will result in a reduction in payments required to be made pursuant to Section 2.9.  Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by Lender or otherwise, the circumstances entitling Borrower to require such assignment and delegation cease to apply.

 

Section 2.10 Records of Administrative Agent.  Lender, acting as agent of Borrower solely for tax purposes and solely with respect to the actions described in this Section 2.10, shall establish and maintain at its address referred to in Section 10.1 (or at such other address as Lender may notify Borrower) (i) a record of ownership (the “Register”) in which Lender agrees to register by book entry the interests (including any rights to receive payment hereunder) of each Lender in the Loans, and any assignment of any such interest, obligation or right and (ii) accounts in the Register in accordance with its usual practice in which it shall record (A) the names and addresses of Lender (and each change thereto), (B) the Loan Commitment of Lender, (C) the amount of the Loan and any assignment of Lender’s share of the Loan, (D) the amount of any principal or interest due and payable or paid and (E) any other payment received by Lender from Borrowers and its application to the Obligations.

 

Section 2.11 Registered Obligations.  Notwithstanding anything to the contrary contained in this Agreement, (i) the Loan (including any Notes evidencing such Loan) shall constitute a registered obligation, (ii) the right, title and interest of the Lenders and their assignees in and to the Loan shall be transferable only upon notation of such transfer in the Register and (iii) no assignment thereof shall be effective until recorded therein.  This Section 2.11 shall be construed so that the Loan is at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (and any successor provisions).

 

  

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Section 2.12 Prima Facie Evidence.  The entries made in the Register and in the accounts maintained pursuant to Sections 2.10 and 2.11 shall, to the extent permitted by applicable Legal Requirements, be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, however, that no error in such account and no failure of Lender to maintain any such account shall affect the obligations of Borrower to repay the Loan in accordance with its terms.  In addition, Borrower and Lender shall treat each Person, whose name is recorded in the Register as a Lender, as a Lender for all purposes of this Agreement.  Information contained in the Register with respect to any Lender shall be available for access by Borrower and such Lender at any reasonable time and from time to time upon reasonable prior notice.

 

 

 

 

ARTICLE 3

 

INSURANCE AND CONDEMNATION

 

Section 3.1 Generally

 

.  If requested by Lender, Borrower shall deliver copies of all original policies maintained by Borrower certified to Lender by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder.  If Borrower elects to obtain any insurance which is not required under this Agreement, all related insurance policies shall be endorsed in compliance with Section 13.1.2 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, and such additional insurance shall not be canceled without prior notice to Lender.  From time to time upon Lender’s request, Borrower shall identify to Lender all insurance maintained by Borrower with respect to the Projects.  The proceeds of insurance policies coming into the possession of Lender shall not be deemed trust funds, and Lender shall be entitled to apply such proceeds as herein provided.

 

Section 3.2 Adjustments

 

.  Borrower shall give prompt written notice of any loss as a result of a Casualty or other event for which insurance has been procured pursuant to the terms hereof, to the insurance carrier and to Lender.  Borrower hereby irrevocably authorizes and empowers Lender, as attorney in fact for Borrower coupled with an interest, to notify any of Borrower’s insurance carriers to add Lender as a loss payee, mortgagee insured or additional insured, as the case may be, to any policy maintained by Borrower (regardless of whether such policy is required under this Agreement).  Nothing contained in this Section 3.2, however, shall require Lender to incur any expense or take any action hereunder.

 

Section 3.3 WARNING REGARDING RIGHT OF LENDER TO PURCHASE INSURANCE

 

 : If Borrower fails to provide Lender with evidence of the insurance coverages required by this Agreement, Lender may purchase such insurance at Borrower’s expense to protect the interest of Lender.  This insurance may, but need not, also protect Borrower’s interest, provided, however, if Lender receives any proceeds from such insurance, such proceeds shall be applied in accordance with Section 3.4(b) hereof.  If the Collateral becomes damaged, the coverage Lender purchases may not pay any claim Borrower make or any claim made against Borrower.  Borrower may later cancel this coverage by providing evidence that the required property coverage was purchased elsewhere.  Borrower is responsible for the cost of any insurance purchased pursuant to this provision and such cost is payable on demand; if Borrower fails to pay 

 

  

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such cost, it may be added to the Indebtedness and bear interest at the Default Rate.  The effective date of coverage may be the date Borrower’s prior coverage lapsed or the date Borrower failed to provide proof of coverage.  The coverage Lender purchases may be considerably more expensive than insurance Borrower can obtain and may not satisfy any need for property damage coverage or any mandatory liability insurance imposed by applicable Laws.

 

Section 3.4 Use and Application of Insurance Proceeds

 

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(a) Notice; Repair Obligation.  If any Project shall be damaged or destroyed, in whole or in part, by fire or other casualty (a “Casualty”), Borrower shall give prompt notice thereof to Lender.  Following the occurrence of a Casualty, Borrower, regardless of whether insurance proceeds are available, shall promptly proceed to restore, repair, replace or rebuild the same to be of at least equal value and of substantially the same character as prior to such damage or destruction, all to be effected in accordance with applicable Law.  Lender may, but shall not be obligated to, make proof of loss if not made promptly by Borrower. In addition, Lender may participate in any settlement discussion with insurance companies (and shall approve any final settlement) with respect to any Casualty in which the costs of completing the restoration are equal to or greater than the Restoration Threshold and Borrower will deliver to Lender all instruments necessary or required by Lender to permit such participation. In the event of a Casualty in which the costs of completing the restoration are less than the Restoration Threshold, Borrower may settle and adjust such claim without Lender's consent or participation.

 

(b) Application of Insurance Proceeds. All insurance proceeds received by either Borrower or Lender shall be applied to the costs of restoring the damaged Project or to the payment of the Loan as follows:

 

(i) if the cost to rebuild or repair the Casualty  is less than or equal to the Restoration Threshold, Borrower shall use, or Lender shall disburse the insurance proceeds to Borrower to be used, for the restoration of the damaged Project provided (A) no Event of Default exists, and (B) Borrower promptly commences and is diligently pursuing restoration of the damaged Project;

 

(ii) if the cost to rebuild or repair the Casualty exceeds the Restoration Threshold or if an Event of Default exists, Lender may elect, in its sole discretion, to apply any insurance proceeds Lender receives as a prepayment pursuant to Section 2.4, or allow all or any portion of such proceeds to be used by Borrower for the restoration of the damaged Project.

 

(c) Disbursement of Insurance Proceeds.  Insurance proceeds received by Lender and to be applied to restoration pursuant to the terms of this Section 3.4, will be disbursed by Lender to Borrower on a monthly basis, commencing within ten (10) Business Days following receipt by Lender of plans and specifications, contracts and subcontracts, schedules, budgets, lien waivers and architects’ certificates all in form reasonably satisfactory to Lender, and otherwise in accordance with prudent commercial 

 

  

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lending practices for insurance claim payment advances and construction loan advances (including appropriate retainages to ensure that all work is completed in a workmanlike manner).

 

Section 3.5 Condemnation Awards

 

.  Borrower shall, within five (5) Business Days of actual receipt by Borrower of such notice, give Lender written notice of the actual or threatened commencement of any condemnation or eminent domain proceeding affecting any Project (a “Condemnation”) and shall deliver to Lender copies of any and all papers served in connection with such Condemnation.  Notwithstanding anything contained herein to the contrary, following the occurrence of a Condemnation, regardless of whether any award or compensation (an “Award”) is available or paid to Borrower, Borrower shall promptly proceed to restore, repair, replace or rebuild the same to the extent practicable to be of substantially equal value and of substantially the same character as prior to such Condemnation, all to be effected in accordance with and subject to applicable law.  With respect to any Condemnation for which the Award is reasonably anticipated to be less than or equal to the Condemnation Threshold, Borrower shall be permitted to agree, without Lender's prior consent, to any such Award and such Award shall be paid directly to Borrower.  With respect to any Condemnation for which the Award is reasonably anticipated to exceed the Condemnation Threshold, (a) to the extent permitted by applicable law, Lender may participate in any such proceeding and Borrower will deliver to Lender all instruments necessary or required by Lender to permit such participation; (b) without Lender’s prior consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not agree to any such Award or knowingly take any action or fail to take any action which would cause an Award to be determined; and (c) the entirety of each such Award shall be paid to Lender, except that Lender shall make available to Borrower the portion of the Award necessary and specifically identified or allocated for restoration of the applicable Project, and Lender may elect, in its sole discretion, to either apply the remainder of such Award as a prepayment pursuant to Section 2.4 or remit the same to Borrower.  Anything herein to the contrary notwithstanding, if an Event of Default exists, Lender is authorized to adjust any Award without the consent of Borrower and to collect such Award in the name of Lender and Borrower and apply the entirety thereof as a prepayment pursuant to Section 2.4.

 

ARTICLE 4

 

ENVIRONMENTAL MATTERS

 

Section 4.1 No Waiver

 

.  Notwithstanding any provision in this Article 4 or elsewhere in the Loan Documents, or any rights or remedies granted by the Loan Documents, Lender does not waive and expressly reserves all rights and benefits now or hereafter accruing to Lender under the “security interest” or “secured creditor” exception under applicable Environmental Laws, as the same may be amended.  No action taken by Lender pursuant to the Loan Documents shall be deemed or construed to be a waiver or relinquishment of any such rights or benefits under the “security interest exception.”

 

  

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ARTICLE 5

 

LEASING MATTERS

 

Section 5.1 Representations, Warranties and Covenants on

 

Ground Lease

 

.  Borrower represents and warrants to Lender with respect to the Ground Lease that: (i) the Ground Lease is valid and in full force and effect; (ii) the Ground Lease (including amendments) is in writing, and there are no oral agreements with respect thereto; (iii) the copies of the Ground Lease delivered to Lender are true and complete; (iv) neither Ground Lessee nor, to Borrower’s Knowledge, the landlord under the Ground Lease, is in default under the Ground Lease; (v) Borrower has no Knowledge of any notice of termination or default with respect to the Ground Lease; (vi) Ground Lessee has not assigned or pledged its interests in the Ground Lease, except to Lender; (vii) except as set forth in the Ground Lease, the Ground Lessor does not have the right to terminate the Ground Lease prior to expiration of the stated term of the Ground Lease (unless due to casualty or condemnation of the Projects subject to the Ground Lease); and (ix) Ground Lessee has not prepaid more than one month’s rent in advance.  For so long as any interest in the Projects is held pursuant to the Ground Lease, Borrower covenants and agrees, at its sole cost and expense, to operate such Project in compliance with the terms and conditions of the Ground Lease in all material respects and to timely perform all of the obligations of Ground Lessee thereunder.

 

Section 5.2 Ground Lease Estoppels

 

.  At Lender’s request, Borrower shall use commercially reasonable efforts to obtain from Ground Lessor and furnish to Lender, a written estoppel in form and substance satisfactory to Lender, executed by Ground Lessor and confirming the term, rent, status and other provisions and matters relating to the Ground Lease.

 

ARTICLE 6

 

REPRESENTATIONS AND WARRANTIES

 

Borrower represents, warrants and covenants to Lender unless otherwise specified, as of the Closing Date and as of the date of each certificate and statement required be delivered to Lender pursuant to Section 25.1.2 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, that:

 

Section 6.1 Organization, Power and Authority; Formation Documents

 

.  Borrower is duly organized, validly existing and in good standing under the laws of the state of its formation or existence and is in compliance in all material respects with all legal requirements applicable to doing business in the state in which the Projects are located.  Borrower is not a “foreign person” within the meaning of §l445(f)(3) of the Code.  Borrower has only one state of incorporation or organization.  All other information regarding Borrower contained in Borrower’ Certificate, including the ownership structure of Borrower and its constituent entities, is true and correct as of the Closing Date.

 

Section 6.2 Validity of Loan Documents

 

.  The execution, delivery and performance by Borrower of the Loan Documents to which Borrower is a party: (a) are 

 

  

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duly authorized and do not require the consent or approval of any other party or Governmental Authority which has not been obtained; and (b) will not violate any law or result in the imposition of any Lien, charge or encumbrance upon the assets of any such party, except as contemplated by the Loan Documents.  The Loan Documents constitute the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, or similar laws generally affecting the enforcement of creditors’ rights.

 

Section 6.3 Margin Stock

 

.  No part of proceeds of the Loan will be used for purchasing or acquiring any “margin stock” within the meaning of Regulations T, U or X of the Board of Governors of the Federal Reserve System.

 

Section 6.4 Forfeiture

 

.  There has not been committed by Borrower any act or omission affording the federal government or any state or local government the right of forfeiture as against the Projects or any part thereof or any monies paid in performance of Borrower’ obligations under any of the Loan Documents.

 

ARTICLE 7

 

COVENANTS

 

Section 7.1 Transfers

 

(i) .  Supplementing the provisions of Section 24.1.2 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, it shall be a condition to Lender’s consent to any Transfer that the proposed Tenant, assignee, manager or other transferee (a) agrees to such modifications to the Loan Documents as Lender may reasonably require and which are not materially adverse to Borrower, and (b) causes to be delivered such legal opinions and title insurance endorsements as may be reasonably requested by Lender.

 

Section 7.2 Taxes

 

 

.  Borrower shall prepare and file all material tax returns and reports as may be required by Legal Requirements with respect to or relating to the Projects.  Borrower shall not suffer or permit the joint assessment of any Project with any other real property constituting a separate tax lot or with any other real or personal property.

 

Section 7.3 Utility Service Charges

 

. Borrower shall pay or cause to be paid when due all electricity, power, gas, oil, water and other utility services provided to the Projects.

 

Section 7.4 [Intentionally Deleted].

 

Section 7.5 Further Assurances

 

.  Borrower shall promptly (a) cure any defects in the execution and delivery of the Loan Documents to which Borrower is a party, (b) provide, and cause each Borrower Controlling Person to provide, Lender such additional information and documentation on Borrower’s and such Borrower Controlling Person’s legal or beneficial ownership, policies, procedures, and sources of funds as Lender deems necessary or prudent to enable Lender to comply with Anti-Money Laundering Laws as now in existence or hereafter amended, and (c) execute and deliver, 

 

  

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or cause to be executed and delivered, all such other documents, agreements and instruments as Lender may reasonably request to further evidence and more fully describe the Collateral for the Loan, to correct any omissions in the Loan Documents to perfect, protect or preserve any liens created under any of the Loan Documents, or to make any recordings, file any notices, or obtain any consents, as may be necessary or appropriate in connection therewith. From time to time upon the written request of Lender, Borrower shall deliver to Lender a schedule of the name, legal domicile address and jurisdiction of organization, if applicable, for each holder of a controlling legal interest in Borrower.

 

Section 7.6 Estoppel Certificates

 

.  Within fifteen (15) Business Days after receipt of written request therefor (which written request may be made through electronic mail), Borrower shall furnish to Lender a written statement, duly acknowledged, setting forth the amount due on the Loan, the terms of payment of the Loan, the date to which interest has been paid, whether any offsets or defenses exist against the Loan and, if any are alleged to exist, the nature thereof in detail, and such other matters as Lender reasonably may request.

 

Section 7.7 Payment For Labor and Materials

 

.  Subject to Borrower’s right to contest in accordance with Article XII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred by Borrower in connection with the Projects and never permit to exist beyond the due date thereof in respect of any Project or any part thereof any Lien arising in connection with such work by Borrower, even though inferior to the Liens hereof, and in any event never permit to exist in respect of any Project or any part thereof any other or additional Lien other than the Liens hereof, except for the Permitted Exceptions and liens for taxes not yet due and payable or that are being contested pursuant to Article XII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, provided, however, Borrower shall not be deemed in default hereunder for failure to pay any of the foregoing amounts which do not exceed $250,000.00 individually or in the aggregate, unless, in the reasonable opinion of Lender, any Project or any part thereof or interest therein may be in imminent danger of being sold, forfeited, foreclosed, terminated, canceled or lost as a result of such failure.

 

Section 7.8 Use and Proceeds; Revenues

 

.  Borrower shall use the proceeds of the Loan for proper business purposes.  No portion of the proceeds of the Loan shall be used by Borrower in any manner that might cause the borrowing or the application of such proceeds to violate Regulation D, Regulation T or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Act of 1933 or the Securities Exchange Act of 1934.  Except as otherwise specifically provided in the Loan Documents, revenue and other proceeds from the Projects received by Borrower shall be applied to the Indebtedness then due and payable, expenses or other budgeted capital improvements, repairs or replacements for the Projects before distribution by Borrower to any of its shareholders.

 

 

  

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Section 7.9 Cooperation Regarding Primary Licenses and Permits

 

.  Upon the request of Lender, if an Event of Default has occurred and is continuing hereunder, Borrower shall complete, execute and deliver to Lender any applications, notices, documentation, and other information necessary or desirable, in Lender’s judgment, to permit Lender or its designee (including a receiver) to obtain, maintain or renew any one or more of the Primary Licenses for the Projects and to the extent permitted by applicable Laws to obtain any other provider agreements or Governmental Approvals then necessary or desirable for the operation of the Projects by Lender or its designee for their current use (including, without limitation, any applications for change of ownership of the existing Primary Licenses.  To the extent permitted by applicable Laws, and solely under the circumstances described in the immediately preceding sentence, (i) Lender is hereby authorized (without the consent of Borrower) to submit any such applications, notices, documentation or other information in accordance with the above provisions to the applicable Governmental Authorities, or to take such other steps as Lender may deem advisable to obtain, maintain or renew any Primary Licenses, Permits or other Governmental Approvals in connection with the operation of the Projects for their current use, and Borrower agrees to cooperate with Lender in connection with the same and (ii) Borrower, upon demand by Lender, shall take any action necessary or desirable, in Lender’s sole judgment, to permit Lender or its designee (including a receiver) to use, operate and maintain the Projects for its current use.  If Borrower fails to comply with the provisions of this Section 7.9 for any reason whatsoever, Borrower hereby irrevocably appoints Lender and its designee as Borrower’s attorney-in-fact, with full power of substitution, to take any action and execute any documents and instruments necessary or desirable in Lender’s sole judgment to permit Lender or its designee to undertake Borrower’s obligations under this Section 7.9, including obtaining any Primary Licenses, Permits or Governmental Approvals then required for the operation of the Projects by Lender or its designee for their current uses.  The foregoing power of attorney is coupled with an interest and is irrevocable and Lender may exercise its rights thereunder in addition to any other remedies which Lender may have against Borrower as a result of Borrower’s breach of the obligations contained in this Section 7.9.

 

Section 7.10 Transactions With Affiliates

 

.  Without the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not engage in any transaction affecting the Projects with an Affiliate of Borrower, except as expressly contemplated by this Agreement or on arms-length, market terms or on terms which are more favorable to Borrower than arms-length market terms.

 

Section 7.11 Representations and Warranties

 

.  Borrower shall cause all representations and warranties in the Loan Documents (including those incorporated herein pursuant to Section 1.4 hereof) to remain true and correct in all material respects, at all times while any portion of the Loan remains outstanding.

 

Section 7.12 Business and Operations

 

.  Borrower will continue to engage only in the businesses currently conducted by it on the date hereof.  Borrower 

 

  

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shall at all times cause each of the Projects to be maintained in accordance with such  Project’s Primary Intended Use.

 

Section 7.13 Limitations on Debt, Actions

 

.  Notwithstanding anything to the contrary in the Loan Documents or in any other document governing the formation, management or operation of Borrower, Borrower shall not incur, create, assume or permit to exist or remain any Debt secured by the Collateral or any part thereof or any Lien on any property or asset now or hereafter acquired by Borrower (including, without limitation, any Project or any portion thereof) other than (A) the Loan and the Liens under the Loan Documents, (B) equipment leases entered into in the ordinary course of its business that are related to the ownership and operation of the Projects, the value of which equipment covered by such leases does not exceed $50,000 on a per Project basis, (C) unsecured trade payables incurred in the ordinary course of its business that are related to the ownership, operation, management, maintenance and/or leasing of the Projects and which shall (1) not exceed two percent (2%) of the outstanding balance of the Loan, (2) not be evidenced by a note, (3) be paid within the time period permitted under the terms of the applicable vendor’s contract (or 120 days if no period is specified), and (4) otherwise expressly be permitted under the Loan Documents, (D) with respect to each Project, Permitted Encumbrances (as defined in the applicable Mortgage) and (E) liens for taxes not yet due and payable or that are being contested pursuant to Article XII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof.

 

Section 7.14 REIT Representations and Covenants

 

.

 

(a) As of the date of this Agreement and at all times thereafter while any portion of the Loan remains outstanding, Borrower will hold real property (within the meaning of Treasury Regulation section 1.856-3(d)) directly that secures such Loan.

 

(b) [Intentionally Deleted].

 

(c) The fair market value of the real property (within the meaning of Treasury Regulation section 1.856-3(d)) directly held by Borrower as of the date of this Agreement, after reducing such value by any lien or other liability of Borrower, equals or exceeds the principal amount of the Loan.

 

(d)  (i) Rents payable under the Leases are not based in whole or in part on the income or profits of any Person; (ii) as of the date the Leases were entered into or modified, rents payable under such Leases were set at a fair market rental amount or formula, and the landlords under such Leases had a reasonable expectation that the lessees under such Leases would be able to make the payments required; (iii) except with respect to Leases for residential occupancy, no services or amenities are provided to tenants under the Leases, other than services that are both (1) customarily furnished or rendered by or on behalf of landlords in connection with the rental of real property of a similar class in the geographic areas in which the relevant property is located and (2) customarily furnished or rendered in connection with the rental of space for occupancy only (as opposed to primarily for the convenience of the tenant); and (iv) rent allocable to 

 

 

  

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personal property that is leased under the Leases does not exceed fifteen percent (15%) of the total rent payable under such Leases.

 

 

 

ARTICLE 8

 

EVENTS OF DEFAULT

 

Section 8.1 Events of Default

 

.  Each of the following shall constitute an Event of Default hereunder and under the Loan:

 

(a) Payments.  Failure of Borrower to pay any regularly scheduled installment of principal, interest or other amount due under the Loan Documents within five (5) Business Days after the date when due (or such by other date as is expressly set forth in this Agreement or any other Loan Document), or failure of Borrower to pay the Loan at the Maturity Date, whether by acceleration or otherwise.

 

(a) Impositions.  Borrower fails to comply with its obligations pursuant to Section 4.1.1 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, provided that it shall not be an Event of Default hereunder if Borrower pays the amounts then due with respect to such real estate taxes (including any penalties or late charges) within a period of ten (10) Business Days after the same becoming delinquent;

 

(b) Insurance.  Borrower fails to pay insurance premiums on or before the date due to ensure continued coverage under all policies required to be maintained under this Agreement.

 

(c) except as otherwise specifically provided for in this Section 8.1, if Borrower shall fail to observe or perform any other term, covenant or condition of this Agreement and such failure is not cured by Borrower within forty-five (45) days after notice thereof from Lender, unless such failure cannot with due diligence be cured within a period of forty-five (45) days, in which case such failure shall not be deemed to be an Event of Default if Borrower proceeds promptly and with due diligence to cure the failure and diligently completes the curing thereof; provided, however, that such notice shall be in lieu of and not in addition to any notice required under applicable law;

 

(d) Borrower shall:

 

(i) file a petition in bankruptcy or a petition to take advantage of any insolvency act,

 

(ii) make an assignment for the benefit of its creditors,

 

(iii) consent to the appointment of a receiver of itself or of the whole or any substantial part of its property, or

 

 

 

  

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(iv) file a petition or answer seeking reorganization or arrangement under the Federal bankruptcy laws or any other applicable law or statute of the United States of America or any state thereof;

 

(e) Borrower shall be adjudicated as bankrupt or a court of competent jurisdiction shall enter an order or decree appointing, without the consent of Borrower, a receiver of Borrower or of the whole or substantially all of its property, or approving a petition filed against it seeking reorganization or arrangement of Borrower under the Federal bankruptcy laws or any other applicable law or statute of the United States of America or any state thereof, and such judgment, order or decree shall not be vacated or set aside or stayed within sixty (60) days from the date of the entry thereof;

 

(f) Borrower shall be liquidated or dissolved, or shall begin proceedings toward such liquidation or dissolution, or shall, in any manner, permit the sale or divestiture of substantially all of its assets (except to the extent permitted pursuant to Section 7.1 hereof and Section 24.1.1 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof);

 

(g) the estate or interest of Borrower in the Projects shall be levied upon or attached, in an amount in excess of Five Hundred Thousand Dollars ($500,000) with respect to any one (1) Project, in any proceeding and the same is not either (i) fully bonded over by Borrower, (ii) being contested by Borrower as permitted by Article XII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, or (ii) vacated or discharged within the later of ninety (90) days after commencement thereof or thirty (30) days after receipt by Borrower of notice thereof from Lender; provided, however, that such notice shall be in lieu of and not in addition to any notice required under applicable law;

 

(h) any Transfer occurs without Lender’s consent in accordance with the provisions of Section 7.1 and Section 24.1.1 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof;

 

(i) (x) there is issued any final non-appealable (i) stop placement order against Borrower, or (ii) termination or revocation of a Project’s applicable license material to such Project’s operation for its Primary Intended Use, or any termination or revocation of any third-party provider reimbursement agreements (including, without limitation, its certification for participation in the Medicare or Medicaid reimbursement programs) that is not reinstated or replaced within twenty (20) days, or (y) there occurs any termination or revocation that is subject to appeal by Borrower, or any suspension of any such license that results in the subject Project ceasing operation for a period of more than twenty (20) days at any time;

 

(j) (i) any local, state or federal agency having jurisdiction over the operation of any Project removes ten percent (10%) or more of the patients or residents located in such Project, (ii) any local, state or federal agency having jurisdiction over any Project reduces the number of licensed units for such Project from that number set forth under the heading “Project Description and Primary Intended Use” on Exhibit B 

 

  

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attached hereto (in other than a de minimis amount not to exceed three percent (3%) in the aggregate for each Project during the Term and provided that such reductions are need or budget based and not related to any quality of care issues at the Project or any other matter reasonably within Borrower’s control), (iii) Borrower voluntarily reduces the number of licensed units for any Project from that number set forth on Exhibit B attached hereto or (iv) Borrower voluntarily removes from service (so-called “bed banking”) any licensed units for any Project;

 

(k) Subject to Article XII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof regarding permitted contests, Borrower fails to cure or abate any violation occurring during the Term that is claimed by any Governmental Authority, or any officer acting on behalf thereof, of any Legal Requirement pertaining to the operation of any Project, and within the time permitted by such authority for such cure or abatement and such failure to cure or abate has a Material Adverse Effect;

 

(l) any default and acceleration of any indebtedness of Borrower for borrowed money (other than the Loan) with an outstanding principal amount of Twenty Five Million Dollars ($25,000,000) has occurred;

 

(m) a default beyond any applicable notice, grace or cure period shall occur under any lease agreement or guaranty (including the Master Lease), any other loan documents or any other material agreement or instrument, now or hereafter with or in favor of Lender or any Affiliate of Lender and made by or with Borrower or any Affiliate of Borrower, which default (i) relates to a failure to pay an amount of not less than One Million Dollars ($1,000,000) or (ii) is a material nonmonetary default (including, without limitation, any default that relates to a transfer or non-competition restriction, and/or to an environmental or licensing obligation); and

 

(n) subject to Article XII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, any default under any document or instrument, other than the Loan Documents, evidencing or creating a Lien on any Project or any part thereof, is not cured within any applicable grace or cure period therein, and with respect to any mechanic’s or materialman’s liens, such lien remains outstanding for a period in excess of thirty (30) days without being bonded off by Borrower or other arrangements made that is reasonably acceptable to Lender.

 

ARTICLE 9

 

REMEDIES

 

Section 9.1 Remedies - Insolvency Events

 

.  Upon the occurrence and during the continuance of any Event of Default described in Sections 8.1(d), (e), or (f), all amounts due under the Loan Documents immediately shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by Borrower.

 

 

  

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Section 9.2 Remedies - Other Events

 

.  Except as set forth in Section 9.1 above, while any Event of Default exists, Lender may (a) by written notice to Borrower, declare the entire Loan to be immediately due and payable without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or other notice of default of any kind, all of which are hereby expressly waived by Borrower, and (b) exercise all rights and remedies therefor under the Loan Documents and at law or in equity.

 

Section 9.3 Lender’s Right to Perform the Obligations

 

.  If Borrower shall fail, refuse or neglect to make any payment or perform any act required by the Loan Documents, then, while any Event of Default exists, and without notice to or demand upon Borrower and without waiving or releasing any other right, remedy or recourse Lender may have because of such Event of Default, Lender may (but shall not be obligated to) make such payment or perform such act for the account of and at the expense of Borrower, and shall have the right to enter upon the Projects for such purpose and to take all such action thereon and with respect to the Projects as it may deem necessary or appropriate.  If Lender shall elect to pay any sum due with reference to the Projects, Lender may do so in reliance on any bill, statement or assessment procured from the appropriate Governmental Authority or other issuer thereof without inquiring into the accuracy or validity thereof.  Similarly, in making any payments to protect the security intended to be created by the Loan Documents, Lender shall not be bound to inquire into the validity of any apparent or threatened adverse title, lien, encumbrance, claim or charge before making an advance for the purpose of preventing or removing the same.  Borrower shall indemnify, defend and hold Lender harmless from and against any and all losses, liabilities, claims, damages, expenses, obligations, penalties, actions, judgments, suits, costs, or disbursements of any kind or nature whatsoever, including reasonable attorneys’ fees, incurred or accruing by reason of any acts performed by Lender pursuant to the provisions of this Section 9.3, including those arising from the joint, concurrent, or comparative negligence of Lender, except as a result of Lender’s gross negligence or willful misconduct.  All sums paid by Lender pursuant to this Section 9.3, and all other sums expended by Lender to which it shall be entitled to be indemnified, together with interest thereon at the Default Rate from the date of such payment or expenditure until paid, shall constitute additions to the Loan, shall be secured by the Loan Documents and shall be paid by Borrower to Lender upon demand.

 

ARTICLE 10

 

MISCELLANEOUS

 

Section 10.1 Notices

 

.  Except for those notices and requests that are expressly permitted to be sent by electronic mail, any notice or request required or permitted to be given under this Agreement shall be in writing and either shall be mailed by certified mail, postage prepaid, return receipt requested, or sent by overnight air courier service, or personally delivered to a representative of the receiving party, or sent by telecopy (provided an identical notice is also sent simultaneously by mail, overnight courier, or personal delivery as otherwise provided in this Section 10.1).  All such communications shall be mailed, sent or delivered, addressed to the party for whom it is intended at its address set forth below.

 

 

  

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If to Borrower:

 

 

Emeritus Corporation

 

3131 Elliott Ave., Ste. 500

 

Seattle, WA 90121

 

Fax No. (206) 204-6706

 

Attention: Mark A. Finkelstein

 

E-mail: mark.finkelstein@emeritus.com

 

with a copy to:

 

Skadden, Arps, Slate, Meagher & Flom LLP

 

4 Times Square

 

New York, New York 10036-6522

 

Fax No. (917) 777-3000

 

Attention: Joseph A. Coco, Audrey L. Sokoloff, and Peter D. Serating

 

E-mails: joseph.coco@skadden.com, audrey.sokoloff@skadden.com, and peter.serating@skadden.com

 

If to Lender:

 

HCP, Inc.

 

3760 Kilroy Airport Way, Suite 300

 

Long Beach, California 90806

 

Fax No. (562) 733-5200

 

Attention: General Counsel

 

E-mail: legaldept@hcpi.com

 

with a copy to:

 

Paul, Weiss, Rifkind, Wharton & Garrison LLP

 

1285 Avenue of the Americas

 

New York, NY 10019-6064

 

Fax No. (212) 492-0064

 

Attention: Harris B. Freidus

 

E-mail: hfreidus@paulweiss.com

Any notice or request so addressed and sent by United States mail or overnight courier shall be deemed to be given on the earliest of (1) when actually delivered, (2) on the first Business Day after deposit with an overnight air courier service, or (3) on the third Business Day after deposit in the United States mail, postage prepaid, in each case to the address of the intended addressee (except as otherwise provided in the Mortgages).  Any notice so delivered in person shall be deemed to be given when receipted for by, or actually received by Lender or Borrower, as the case may be.  If given by telecopy, a notice or request shall be deemed given and received when the telecopy is transmitted to the party’s telecopy number specified above and confirmation of complete receipt is received by the transmitting party during normal business hours or 

 

  

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on the next Business Day if not confirmed during normal business hours, and an identical notice is also sent simultaneously by mail, overnight courier, or personal delivery as otherwise provided in this Section 10.1.  If given by electronic mail, a notice or request shall be deemed given and received when the electronic mail is transmitted to the recipient’s electronic mail address specified above and electronic confirmation of receipt (either by reply from the recipient or by automated response to a request for delivery receipt) is received by the sending party during normal business hours or on the next Business Day if not confirmed during normal business hours and an identical notice is also sent simultaneously by mail, overnight courier or personal delivery as otherwise provided in this Section 10.1.  Except for telecopy and electronic mail notices sent as expressly described above, no notice hereunder shall be effective if sent or delivered by electronic means.  Either party may designate a change of address by written notice to the other by giving at least ten (10) days prior written notice of such change of address.

 

Section 10.2 Amendments and Waivers

 

.

 

(a) No amendment or waiver of any provision of any Loan Document and no consent to any departure by Borrower therefrom shall be effective unless the same shall be in writing and signed by Lender and Borrower.

 

(b) Each waiver or consent under any Loan Document shall be effective only in the specific instance and for the specific purpose for which it was given.  No notice to or demand on Borrower shall entitle Borrower to any notice or demand in the same, similar or other circumstances.  No failure on the part of Lender to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.

 

(c) Any reference to a Loan Document, whether in this Agreement or in any other Loan Document, shall be deemed to be a reference to such Loan Document as it may hereafter from time to time be amended, modified, supplemented and restated in accordance with the terms hereof.

 

Section 10.3 Binding Effect; Assignment

 

.  This Agreement shall become effective when it shall have been executed by Lender and Borrower.  Thereafter, it shall be binding upon and inure to the benefit of Borrower, Lender and, to the extent provided in Section 10.4, each other Indemnitee and, in each case, their respective successors and permitted assigns.  Except as expressly provided in Section Section 7.1 and Section 24.1.1 of the Master Lease as incorporated herein pursuant to Section 1.4 hereof,  Borrower shall not have the right to assign any rights or obligations hereunder or any interest herein.

 

Section 10.4 Indemnities

 

.  Borrower agrees to indemnify, hold harmless and defend Lender and each of its Related Persons (each such Person being an “Indemnitee”) from and against all Liabilities (including brokerage commissions, fees and other compensation and excluding taxes and costs attributable to taxes for which Lender is responsible pursuant to Section 2.9 hereof) that may be imposed on, incurred 

 

  

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by or asserted against any such Indemnitee in any matter relating to or arising out of, in connection with or as a result of (i) any Loan Document, any Obligation (or the repayment thereof), any related transaction, or any securities filing of, or with respect to, Borrower or the Projects, (ii) any commitment letter, proposal letter or term sheet with any Person, (iii) any actual or prospective investigation, litigation or other proceeding, whether or not brought by any such Indemnitee or any of its Related Persons, any holders of securities or creditors (and including reasonable attorneys’ fees in any case), whether or not any such Indemnitee, Related Person, holder or creditor is a party thereto, and whether or not based on any securities or commercial law or regulation or any other Legal Requirement or theory thereof, including common law, equity, contract, tort or otherwise, or (iv) any other act, event or transaction related, contemplated in or attendant to any of the foregoing (collectively, the “Indemnified Matters”); provided, however, that Borrower shall have no liability under this Section 10.4 to any Indemnitee with respect to any Indemnified Matter, and no Indemnitee shall have any liability with respect to any Indemnified Matter other than (to the extent otherwise liable), to the extent such liability has resulted primarily from the gross negligence or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order.  Furthermore, Borrower waives and agrees not to assert against any Indemnitee any right of contribution with respect to any Liabilities that may be imposed on, incurred by or asserted against any Related Person.  Without limiting the foregoing, “Indemnified Matters” includes all environmental Liabilities as set forth in Article XXXVII of the Master Lease as incorporated herein pursuant to Section 1.4 hereof, whether or not, with respect to any such environmental Liabilities, any Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor-in- interest to any Related Person or the owner, lessee or operator of any property of any Related Person through any foreclosure action, in each case except to the extent such environmental Liabilities (i) are incurred solely following foreclosure by Lender or following Lender having become the successor-in-interest to Borrower and (ii) are attributable solely to acts of such Indemnitee.  Any indemnification or other protection provided to any Indemnitee pursuant to any Loan Document and all representations and warranties made in any Loan Document shall (i) survive the payment in full of other Obligations and (ii) inure to the benefit of any Person that at any time held a right thereunder (as an Indemnitee or otherwise) and, thereafter, its successors and permitted assigns.  Notwithstanding the foregoing, in no event shall Borrower or any Indemnitee be liable on any theory of liability for any special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). Borrower and each Indemnitee each hereby waives, releases and agrees not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor.

 

Section 10.5 Lender-Creditor Relationship

 

.  The relationship between Lender, on the one hand, and Borrower, on the other hand, is solely that of lender and creditor.  Lender has no any fiduciary relationship or duty to Borrower arising out of or in connection with, and there is no agency, tenancy, partnership or joint venture relationship between the Secured Parties and Borrower by virtue of, any Loan Document or any transaction contemplated therein.

 

 

  

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Section 10.6 Right of Setoff

 

.  Lender, and each Affiliate (including each branch office thereof) of any of them is hereby authorized, without notice or demand (each of which is hereby waived by Borrower), at any time and from time to time during the continuance of any Event of Default and to the fullest extent permitted by applicable Legal Requirements, to set off and apply any and all deposits (whether general or special, time or demand, provisional or final) at any time held and other indebtedness, claims or other obligations at any time owing by Lender or any of its Affiliates to or for the credit or the account of Borrower against any Obligation of Borrower now or hereafter existing, whether or not any demand was made under any Loan Document with respect to such Obligation and even though such Obligation may be unmatured.  Lender agrees promptly to notify Borrower after any such setoff and application made by Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such setoff and application.  The rights under this Section 10.6 are in addition to any other rights and remedies (including other rights of setoff) that Lender, its Affiliates, and other Secured Parties may have.

 

Section 10.7 Marshaling; Payments Set Aside

 

.  Lender shall not be under any obligation to marshal any property in favor of Borrower or any other party or against or in payment of any Obligation.  To the extent that Lender receives a payment from Borrower, from the proceeds of the Collateral, from the exercise of its rights of setoff, any enforcement action or otherwise, and such payment is subsequently, in whole or in part, invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor, shall be revived and continued in full force and effect as if such payment had not occurred.

 

Section 10.8 Limitation on Interest

 

.  It is the intention of the parties hereto to conform strictly to applicable usury laws.  Accordingly, all agreements between Borrower and Lender with respect to the Loan are hereby expressly limited so that in no event, whether by reason of acceleration of maturity or otherwise, shall the amount paid or agreed to be paid to Lender or charged by Lender for the use, forbearance or detention of the money to be lent hereunder or otherwise, exceed the maximum amount allowed by law.  If the Loan would be usurious under applicable law (including the laws of the State of New York and the laws of the United States of America), then, notwithstanding anything to the contrary in the Loan Documents: (a) the aggregate of all consideration which constitutes interest under applicable law that is contracted for, taken, reserved, charged or received under the Loan Documents shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited on the Note by the holder thereof (or, if the Note has been paid in full, refunded to Borrower); and (b) if maturity is accelerated by reason of an election by Lender, or in the event of any prepayment, then any consideration which constitutes interest may never include more than the maximum amount allowed by applicable law.  In such case, excess interest, if any, provided for in the Loan Documents or otherwise, to the extent permitted by applicable law, shall be amortized, prorated, allocated and spread from the date of advance until payment in full so that the actual rate of interest is uniform through the term hereof.  If such amortization, proration, allocation and spreading is not permitted 

 

  

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under applicable law, then such excess interest shall be canceled automatically as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited on the Note (or, if the Note has been paid in full, refunded to Borrower).  The terms and provisions of this Section 10.8 shall control and supersede every other provision of the Loan Documents.  The Loan Documents are contracts made under and shall be construed in accordance with and governed by the laws of the State of New York, except that if at any time the laws of the United States of America permit Lender to contract for, take, reserve, charge or receive a higher rate of interest than is allowed by the laws of the State of New York (whether such federal laws directly so provide or refer to the law of any state), then such federal laws shall to such extent govern as to the rate of interest which Lender may contract for, take, reserve, charge or receive under the Loan Documents.

 

Section 10.9 Invalid Provisions

 

.  If any provision of any Loan Document is held to be illegal, invalid or unenforceable, such provision shall be fully severable; the Loan Documents shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part thereof; the remaining provisions thereof shall remain in full effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its severance therefrom; and in lieu of such illegal, invalid or unenforceable provision there shall be added automatically as a part of such Loan Document a provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible to be legal, valid and enforceable.

 

Section 10.10 Reimbursement of Expenses

 

(a) Any action taken by Borrower or any Borrower Controlling Person under or with respect to any Loan Document, even if required under any Loan Document or at the request of Lender, shall be at the expense of Borrower or Borrower Controlling Person, and Lender shall not be required under any Loan Document to reimburse Borrower or any Borrower Controlling Person therefor except as expressly provided therein.  In addition, Borrower jointly and severally agree to pay or reimburse upon demand (a) Lender for all reasonable out-of-pocket costs and expenses actually incurred by it or any of its Related Persons in connection with the investigation, development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification of any term of or termination of, any Loan Document, any commitment or proposal letter therefor, any other document prepared in connection therewith or the consummation and administration of any transaction contemplated therein (including periodic audits in connection therewith and environmental audits and assessments), in each case including the reasonable fees, charges and disbursements of legal counsel to Lender or such Related Persons, fees, costs and expenses actually incurred in connection with any electronic transmissions and allocated to the Loans by Lender in its sole discretion and fees, charges and disbursements of the auditors, appraisers, printers and other of their Related Persons retained by or on behalf of any of them or any of their Related Persons, (b) Lender for all reasonable costs and expenses incurred by it or any of its Related Persons in connection with internal audit reviews, field examinations, financial investigation, and Collateral examinations, including, without limitation, any tax service company (which shall be reimbursed, in addition to the out-of-pocket costs and expenses of such examiners, at the 

 

  

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per diem rate per individual charged by Lender for its examiners) and (c) Lender and its Related Persons for all costs and expenses incurred in connection with (i) any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out”, (ii) the enforcement or preservation of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or any other related right or remedy or (iii) the commencement, defense, conduct of, intervention in, or the taking of any other action with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to Borrower or any Loan Document, Obligation or related transaction (or the response to and preparation for any subpoena or request for document production relating thereto), including fees and disbursements of counsel (including allocated costs of internal counsel).

 

Section 10.11 Approvals; Third Parties; Conditions

 

.  All approval rights retained or exercised by Lender with respect to Leases, contracts, plans, studies and other matters are solely to facilitate Lender’s credit underwriting, and shall not be deemed or construed as a determination that Lender has passed on the adequacy thereof for any other purpose and may not be relied upon by Borrower or any other Person.  This Agreement is for the sole and exclusive use of Lender and Borrower and may not be enforced, nor relied upon, by any Person other than Lender and Borrower.  All conditions of the obligations of Lender hereunder, including the obligation to make advances, are imposed solely and exclusively for the benefit of Lender, its successors and assigns, and no other Person shall have standing to require satisfaction of such conditions or be entitled to assume that Lender will refuse to make advances in the absence of strict compliance with any or all of such conditions, and no other Person shall, under any circumstances, be deemed to be a beneficiary of such conditions, any and all of which may be freely waived in whole or in part by Lender at any time in Lender’s sole discretion.

 

Section 10.12 Lender Not in Control; No Partnership

 

.  None of the covenants or other provisions contained in this Agreement shall, or shall be deemed to, give Lender the right or power to exercise control over the affairs or management of Borrower, the power of Lender being limited to the rights to exercise the remedies referred to in the Loan Documents.  No covenant or provision of the Loan Documents is intended, nor shall it be deemed or construed, to create a partnership, joint venture, agency or common interest in profits or income between Lender, on the one hand, and Borrower, on the other hand, or to create an equity interest in the Projects in Lender.  Lender does not undertake or assume any responsibility or duty to Borrower or to any other Person with respect to the Projects or the Loan, except as expressly provided in the Loan Documents; and notwithstanding any other provision of the Loan Documents: (a) None of Lender are, and shall not be construed as, a partner, joint venturer, alter ego, manager, controlling person or other business associate or participant of any kind of Borrower or Borrower’s stockholders, members, or partners and Lender does not intend to ever assume such status; (b) Lender shall in no event be liable for any Debts, expenses or losses incurred or sustained by Borrower; and (c) Lender shall not be deemed responsible for or a participant in any acts, omissions or decisions of Borrower or Borrower’s stockholders, members, or partners.  Lender and Borrower disclaim any intention to create any partnership, joint venture, agency or common interest in profits or 

 

  

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income between Lender, on the one hand, and Borrower, on the other hand, or to create an equity interest in the Projects in Lender, or any sharing of liabilities, losses, costs or expenses.

 

Section 10.13 [Intentionally Deleted]

 

 

Section 10.14 [Intentionally Deleted]

 

Section 10.15 Successors and Assigns

 

.  This Agreement shall be binding upon and inure to the benefit of Lender and Borrower and their respective successors and assigns.

 

Section 10.16 Renewal, Extension or Rearrangement

 

.  All provisions of the Loan Documents shall apply with equal effect to each and all promissory notes and amendments thereof hereinafter executed which in whole or in part represent a renewal, extension, increase or rearrangement of the Loan.

 

Section 10.17 Waivers

 

.  No course of dealing on the part of Lender, its officers, employees, consultants or agents, nor any failure or delay by Lender with respect to exercising any right, power or privilege of Lender under any of the Loan Documents, shall operate as a waiver thereof.

 

Section 10.18 Cumulative Rights; Joint and Several Liability

 

.  Rights and remedies of Lender under the Loan Documents shall be cumulative, and the exercise or partial exercise of any such right or remedy shall not preclude the exercise of any other right or remedy.  If more than one person or entity has executed this Agreement as a “Borrower,” the obligations of all such persons or entities hereunder shall be joint and several.

 

Section 10.19 Singular and Plural

 

.  Words used in this Agreement, the other Loan Documents, in the singular, where the context so permits, shall be deemed to include the plural and vice versa.  The definitions of words in the singular in this Agreement and the other Loan Documents shall apply to such words when used in the plural where the context so permits and vice versa.

 

Section 10.20 Exhibits and Schedules

 

.  The exhibits and schedules attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein.

 

Section 10.21 Titles of Articles, Sections and Subsections

 

.  All titles or headings to articles, sections, subsections or other divisions of this Agreement and the other Loan Documents or the exhibits hereto and thereto are only for the convenience of the parties and shall not be construed to have any effect or meaning with respect to the other content of such articles, sections, subsections or other divisions, such other content being controlling as to the agreement between the parties hereto.

 

Section 10.22 Survival

 

.  All of the representations, warranties, covenants, and indemnities hereunder (including environmental matters under Article XXXVII of 

 

  

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the Master Lease as incorporated herein pursuant to Section 1.4 hereof), under the indemnification provisions of the other Loan Documents, shall survive the repayment in full of the Loan and the release of the liens evidencing or securing the Loan, and shall survive the transfer (by sale, foreclosure, conveyance in lieu of foreclosure or otherwise) of any or all right, title and interest in and to the Projects to any party, whether or not an Affiliate of Borrower.

 

Section 10.23 WAIVER OF JURY TRIAL

 

.  TO THE MAXIMUM EXTENT PERMITTED BY LAW, BORROWER AND LENDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, ANY OTHER LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTION OF EITHER PARTY OR ANY EXERCISE BY ANY PARTY OF THEIR RESPECTIVE RIGHTS UNDER THE LOAN DOCUMENTS OR IN ANY WAY RELATING TO THE LOAN OR THE PROJECTS (INCLUDING, WITHOUT LIMITATION, ANY ACTION TO RESCIND OR CANCEL THIS AGREEMENT, AND ANY CLAIM OR DEFENSE ASSERTING THAT THIS AGREEMENT WAS FRAUDULENTLY INDUCED OR IS OTHERWISE VOID OR VOIDABLE).  THIS WAIVER IS A MATERIAL INDUCEMENT FOR LENDER TO ENTER INTO THIS AGREEMENT.

 

Section 10.24 Waiver of Punitive Damages

 

.  Neither Lender nor Borrower shall be responsible or liable to the other or to any other Person for any punitive or exemplary damages which may be alleged as a result of the Loan or the transaction contemplated hereby, including any breach or other default by any party hereto.  Borrower represents and warrants to Lender that as of the Closing Date Borrower has no claims against Lender in connection with the Loan.

 

Section 10.25 Governing Law

 

.  The Loan Documents shall be governed by and construed in accordance with the laws of the State of New York and the applicable laws of the United States of America.

 

Section 10.26 Entire Agreement

 

.  This Agreement, the other Loan Documents embody the entire agreement and understanding between Lender and Borrower and supersede all prior agreements and understandings between such parties relating to the subject matter hereof and thereof.  Accordingly, the Loan Documents may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties, including, without limitation, the Loan Commitment.

 

Section 10.27 Counterparts

 

.  This Agreement may be executed in multiple counterparts, each of which shall constitute an original, but all of which shall constitute one document.

 

Section 10.28 Consents and Approvals

 

.  To the extent that Lender provides any consent or approval as provided for in this Loan Agreement, such consent shall be limited to the specific matter approved and shall NOT be construed to (a) relieve 

 

  

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Borrower from compliance with all of the other terms and obligations of the Loan Agreement, or (b) constitute a consent to any further similar action (as to which a prospective consent or approval shall be required and may not necessarily be granted), or (c) constitute a consent to any other obligation to which Lender may be a party.

 

Section 10.29 Effectiveness of Facsimile Documents and Signatures

 

.  The Loan Documents may be transmitted and/or signed by facsimile.  The effectiveness of any such documents and signatures shall, subject to applicable law, have the same force and effect as manually signed originals and shall be binding on all parties to the Loan Documents.  Lender may also require that any such documents and signatures be confirmed by a manually signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature.

 

Section 10.30 Venue

 

.  EACH PARTY HERETO CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE COUNTY OF NEW YORK, STATE OF NEW YORK AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS SHALL BE LITIGATED IN SUCH COURTS.  EACH PARTY HERETO EXPRESSLY SUBMITS AND CONSENTS TO THE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS.  BORROWER HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAYBE MADE UPON BORROWER BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, ADDRESSED TO BORROWER, AT THE ADDRESS SET FORTH IN THIS AGREEMENT AND SERVICE SO MADE SHALL BE DEEMED COMPLETE TEN (10) DAYS AFTER THE SAME HAS BEEN POSTED.

 

[Signatures Begin on Following Page]

 

  

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and attested by their respective officers thereunto duly authorized.

 

 

 

 

BORROWER:

 

EMERITUS CORPORATION,

 

a Washington corporation

 

 

 

By: /s/ Eric Mendelsohn 

 

Name: Eric Mendelsohn 

 

Title: SVP Corporate Development 

 

 

LENDER:

HCP, INC.,

a Maryland corporation

By: /s/ Kendall K. Young 

       Name:  Kendall K. Young

       Title:    Executive Vice President

  

  

  

EXHIBIT A

 

Projects

 

  

  

  

EXHIBIT B

 

Primary Intended Use and Licensed Units

 

  

  

  

SCHEDULE 2.8

 

Partial Release Prices

 

Terrace at Jasper $8,580,000

Chris Ridge $16,610,000

Paradise Valley $4,290,000

Sunshine Village $5,720,000

Emerald Estates Sunwest $5,720,000

Minnetonka $6,930,000

Canterbury Court $7,150,000

Canterbury Gardens$440,000

West Park Place $1,760,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]