Document:

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                                                                   EXHIBIT 10.10

                              REVOLVING CREDIT NOTE

$36,000,000                                                       April 30, 2001

         FOR VALUE RECEIVED, SUNRISE BATON ROUGE ASSISTED LIVING, L.L.C., a
Louisiana limited liability company, SUNRISE BLOOMINGDALE ASSISTED LIVING,
L.L.C., an Illinois limited liability company, SUNRISE FARMINGTON HILLS ASSISTED
LIVING, L.L.C., a Michigan limited liability company, SUNRISE NEW ORLEANS
ASSISTED LIVING, L.L.C., a Louisiana limited liability company, SUNRISE OAKLAND
ASSISTED LIVING LIMITED PARTNERSHIP, a California limited partnership, SUNRISE
RIVERSIDE ASSISTED LIVING, L.P., a California limited partnership and SUNRISE
WILTON ASSISTED LIVING, L.L.C., a Connecticut limited liability company
(individually a "Borrower" and collectively the "Borrowers"), jointly and
severally promise to pay to the order of BANK OF AMERICA, N.A. (the "Lender")
the maximum principal sum of THIRTY SIX MILLION AND NO/100 DOLLARS ($36,000,000)
(the "Principal Sum") or so much thereof as may be advanced or readvanced to or
for the account of the Borrowers pursuant to the terms and conditions of the
Financing Agreement (as hereinafter defined), together with interest thereon at
the rate or rates hereinafter provided. All defined terms not otherwise defined
herein shall have the meaning set forth in the Financing Agreement.

         1. Interest.

         Interest on portions of the outstanding Principal Sum shall accrue and
be payable for periods of thirty (30) days each or periods of seven (7) days
each (each a "Eurodollar Period") at a fixed rate for such Eurodollar Period
equal to the sum of (i) Eurodollar Rate (as defined in the Financing Agreement),
which rate shall be adjusted for any Federal Reserve Board reserve requirements
imposed upon the Lender from time to time, plus (ii) for the period from the
date hereof through July 31, 2001, 250 basis points per annum and from August 1,
2001 until paid in full, 300 basis points per annum. The Eurodollar Rate
determined pursuant to the preceding sentence shall be in effect to the end of
the applicable Eurodollar Period. Interest payable hereunder shall also be
subject to the conditions set forth in Section 2.4 of the Financing Agreement.

         No more than six (6) different Eurodollar Periods may be in effect at
any one time provided that not more than one (1) Eurodollar Period may be a
seven day Eurodollar Period. Interest shall be computed for the actual number of
days which have elapsed from the date of each advance of a portion of the
Principal Sum calculated on the basis of a 365-day year.

         2. Payments and Maturity.

                  (a) Interest only on the outstanding principal balance shall
be due and payable on the fifteenth (15th) day of the first (1st) month
following the date hereof and on the fifteenth (15th) day of each month
thereafter to maturity; and
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                  (b) Unless the maturity of this Note is extended as
hereinafter provided or unless sooner paid, the unpaid Principal Sum, together
with interest accrued and unpaid thereon, shall be due and payable in full on
July 31, 2001.

         The fact that the balance hereunder may be reduced to zero from time to
time pursuant to the Financing Agreement will not affect the continuing validity
of this Note or the Financing Agreement, and the balance may be increased to the
Principal Sum after any such reduction to zero.

         3. Extension Option.

         The Borrowers shall have one (1) option to extend the maturity of this
Note for a period of one hundred and twenty (120) days, upon the express
condition for the exercise of such extension option that each and all of the
following conditions precedent shall have been fulfilled or complied with to the
complete satisfaction of the Lender in its sole and absolute discretion:

                  (a) The Borrowers shall have given the Lender at least thirty
(30) days prior written notice of its intention to extend;

                  (b) The Borrowers shall have paid the fee, if any, required
pursuant to the terms of Section 2.3 (a) of the Financing Agreement; and

                  (c) No Event of Default (as hereinafter defined) shall have
occurred and be continuing.

         4. Default Interest.

         Upon the occurrence of an Event of Default (as hereinafter defined),
the unpaid Principal Sum shall bear interest thereafter until such Event of
Default is cured at a rate which is at all times equal to three percent (3%) per
annum in excess of the rate or rates of interest otherwise payable hereunder.

         5. Late Charges.

         In the event that any payment due hereunder is not received by the
Lender within fifteen (15) days of the date such payment is due (inclusive of
the date when due), the Borrowers shall pay to the Lender on demand a late
charge equal to four percent (4%) of such payment.

         6. Application and Place of Payments.

         Unless an Event of Default (as hereinafter defined) has occurred, all
payments made on account of this Note, including prepayments, shall be applied
in the following order: first to the payment of all Enforcement Costs, second to
the payment of accrued and unpaid interest then due hereunder, third to the
payment of any prepayment fee then due hereunder, fourth to the unpaid Principal
Sum, fifth to any fees required under the Financing Documents, and the
remainder, if any, shall be applied to any late charge then due hereunder or any
other sums due to the Lender under the Financing Documents.

         The application of payments after an Event of Default shall be
determined by the Lender. All payments on account of this Note shall be paid in
lawful money of the United States of

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America in immediately available funds during regular business hours of the
Lender at its principal office in Baltimore, Maryland or at such other times and
places as the Lender may at any time and from time to time designate in writing
to the Borrower. Any payment received after 2:30 p.m. (Eastern Time) shall be
deemed to have been received on the next Banking Day.

         7. Prepayment.

         The Borrowers shall have the right to prepay the Principal Sum in full
or in part, at any time and from time to time. Sums repaid may be reborrowed.

         8. Financing Agreement and Other Financing Documents.

         This Note is the Note described in the Financing and Security Agreement
of even date by and among the Borrowers and the Lender (as amended or otherwise
modified from time to time, the "Financing Agreement"). The term "Financing
Documents" as used in this Note shall mean collectively this Note, the Financing
Agreement, the Deeds of Trust (as hereinafter defined), all of the other
Financing Documents (as defined in the Financing Agreement) and any other
instrument, agreement, or document previously, simultaneously, or hereafter
executed and delivered by the Borrowers, or any of them, and/or any other
person, singularly or jointly with any other person, evidencing, securing,
guaranteeing, or in connection with the Loan (as defined in the Financing
Agreement).

         9. Security.

         This Note is secured by, among other things, certain deeds of trust or
mortgages (each as amended, restated or substituted from time to time, a "Deed
of Trust" collectively, the "Deeds of Trust"), covering that real estate owned
by each of the Borrowers individually and the improvements thereon more
particularly described in the Deeds of Trust and all other property, real and
personal, more particularly described in the Deeds of Trust (collectively, the
"Property").

         10. Events of Default.

         The occurrence of any one or more of the following events shall
constitute an event of default (individually, an "Event of Default" and
collectively, the "Events of Default") under the terms of this Note:

                  (a) The failure of the Borrowers to pay to the Lender when due
any and all amounts payable by the Borrowers to the Lender under the terms
hereof and such failure continues for five (5) calendar days after notice
thereof by the Lender, except with regard to payment of amounts due at maturity
for which no notice or cure period shall be required to be given and except for
a Borrowing Base Deficiency (as defined in the Financing Agreement) which shall
be payable as provided in the Financing Agreement; or

                  (b) The occurrence of a Default or an Event of Default (as
those terms are defined in the Financing Agreement) under the terms and
conditions of any of the other Financing Documents, which Default or Event of
Default remains uncured beyond any applicable grace and/or cure period provided
therefor.

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         11. Remedies.

         Upon the occurrence of an Event of Default, at the option of the
Lender, all amounts payable by the Borrowers to the Lender under the terms
hereof shall immediately become due and payable by the Borrowers to the Lender
without notice to the Borrowers or any other person, and the Lender shall have
all of the rights, powers, and remedies available under the terms of this Note,
any of the other Financing Documents and all applicable laws. The Borrowers and
all endorsers, guarantors, and other parties who may now or in the future be
primarily or secondarily liable for the payment of the indebtedness under the
Loan hereby severally waive presentment, protest and demand, notice of protest,
notice of demand and of dishonor and non-payment of this Note and expressly
agree that this Note or any payment hereunder may be extended from time to time
without in any way affecting the liability of the Borrowers, guarantors and
endorsers. The Borrowers and all endorsers, guarantors, and other parties who
may now or in the future be liable for payment of the Obligations hereby
acknowledge that all advances under the Loan will be made under and will be
evidenced by this Note.

         12. Mandatory Arbitration.

                  (a) This paragraph concerns the resolution of any
controversies or claims between the Borrowers and the Lender, whether arising in
contract, tort or by statute, including but not limited to controversies or
claims that arise out of or relate to: (i) this Note (including any renewals,
extensions or modifications); or (ii) any document related to this Note;
(collectively a "Claim").

                  (b) At the request of the Borrowers or the Lender, any Claim
shall be resolved by binding arbitration in accordance with the Federal
Arbitration Act (Title 9, U. S. Code) (the "Act"). The Act will apply even
though this Note provides that it is governed by the law of a specified state.

                  (c) Arbitration proceedings will be determined in accordance
with the Act, the rules and procedures for the arbitration of financial services
disputes of J.A.M.S./Endispute or any successor thereof ("J.A.M.S."), and the
terms of this paragraph. In the event of any inconsistency, the terms of this
paragraph shall control.

                  (d) The arbitration shall be administered by J.A.M.S. and
conducted in any U. S. state where real or tangible personal property collateral
for this credit is located or if there is no such collateral, in the
Commonwealth of Virginia. All Claims shall be determined by one arbitrator;
however, if Claims exceed $5,000,000, upon the request of any party, the Claims
shall be decided by three arbitrators. All arbitration hearings shall commence
within 90 days of the demand for arbitration and close within 90 days of
commencement and the award of the arbitrator(s) shall be issued within 30 days
of the close of the hearing. However, the arbitrator(s), upon a showing of good
cause, may extend the commencement of the hearing for up to an additional 60
days. The arbitrator(s) shall provide a concise written statement of reasons for
the award. The arbitration award may be submitted to any court having
jurisdiction to be confirmed and enforced.

                  (e) The arbitrator(s) will have the authority to decide
whether any Claim is barred by the statute of limitations and, if so, to dismiss
the arbitration on that basis. For

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purposes of the application of the statute of limitations, the service on
J.A.M.S. under applicable J.A.M.S. rules of a notice of Claim is the equivalent
of the filing of a lawsuit. Any dispute concerning this arbitration provision or
whether a Claim is arbitrable shall be determined by the arbitrator(s). The
arbitrator(s) shall have the power to award legal fees pursuant to the terms of
this Note.

                  (f) This paragraph does not limit the right of the Borrowers
or the Lender to: (i) exercise self-help remedies, such as but not limited to,
setoff; (ii) initiate judicial or non-judicial foreclosure against any real or
personal property collateral; (iii) exercise any judicial or power of sale
rights, or (iv) act in a court of law to obtain an interim remedy, such as but
not limited to, injunctive relief, writ of possession or appointment of a
receiver, or additional or supplementary remedies.

                  (g) By agreeing to binding arbitration, the parties
irrevocably and voluntarily waive any right they may have to a trial by jury in
respect of any Claim. Furthermore, without intending in any way to limit this
Note to arbitrate, to the extent any Claim is not arbitrated, the parties
irrevocably and voluntarily waive any right they may have to a trial by jury in
respect of such Claim. This provision is a material inducement for the parties
entering into this Note.

         13. Consent to Jurisdiction.

         Each of the Borrowers irrevocably submits to the jurisdiction of any
state or federal court sitting in the Commonwealth of Virginia over any suit,
action, or proceeding arising out of or relating to this Note. Each of the
Borrowers irrevocably waives, to the fullest extent permitted by law, any
objection that it may now or hereafter have to the laying the venue of any such
suit, action, or proceeding brought in any such court and any claim that any
such suit, action, or proceeding brought in any such court has been brought in
an inconvenient forum. Final judgment in any such suit, action, or proceeding
brought in any such court shall be conclusive and binding upon the Borrower and
may be enforced in any court in which the Borrower is subject to jurisdiction by
a suit upon such judgment provided that service of process is effected upon the
Borrower as provided in this Note or as otherwise permitted by applicable law.

         14. Service of Process.

                  (a) Each of the Borrowers hereby irrevocably designates and
appoints Wayne G. Tatusko, Esquire of Watt, Tieder, Hoffar & Fitzgerald, 7929
Westpark Drive, McLean, Virginia 22102, as its authorized agent to accept and
acknowledge on the Borrower's behalf service of any and all process that may be
served in any suit, action, or proceeding instituted in connection with this
Note in any state or federal court sitting in the Commonwealth of Virginia. If
such agent shall cease so to act, the Borrower shall irrevocably designate and
appoint without delay another such agent in the Commonwealth of Virginia
satisfactory to the Lender and shall promptly deliver to the Lender evidence in
writing of such agent's acceptance of such appointment and its agreement that
such appointment shall be irrevocable.

                  (b) Each of the Borrowers hereby consents to process being
served in any suit, action, or proceeding instituted in connection with this
Note by (i) the mailing of a copy thereof by certified mail, postage prepaid,
return receipt requested, to the Borrower and (ii) serving a copy thereof upon
the agent hereinabove designated and appointed by the Borrower as the

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Borrower's agent for service of process. Each of the Borrowers irrevocably
agrees that such service shall be deemed to be service of process upon the
Borrower in any such suit, action, or proceeding. Nothing in this Note shall
affect the right of the Lender to serve process in any manner otherwise
permitted by law and nothing in this Note will limit the right of the Lender
otherwise to bring proceedings against the Borrower in the courts of any
jurisdiction or jurisdictions.

         15. WAIVER OF TRIAL BY JURY.

         EACH OF THE BORROWERS AND THE LENDER HEREBY WAIVE TRIAL BY JURY IN ANY
ACTION OR PROCEEDING NOT REQUIRED TO BE ARBITRATED PURSUANT TO THE TERMS HEREOF
TO WHICH THE BORROWERS, OR ANY OF THEM, AND THE LENDER, MAY BE PARTIES, ARISING
OUT OF OR IN ANY WAY PERTAINING TO (A) THIS NOTE, (B) THE OTHER FINANCING
DOCUMENTS OR (C) ANY OF THE PROPERTY. IT IS AGREED AND UNDERSTOOD THAT THIS
WAIVER CONSTITUTES A WAIVER OF TRIAL BY JURY OF ALL CLAIMS AGAINST ALL PARTIES
TO SUCH ACTIONS OR PROCEEDINGS, INCLUDING CLAIMS AGAINST PARTIES WHO ARE NOT
PARTIES TO THIS NOTE. THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE
BY THE BORROWERS, AND EACH OF THE BORROWERS HEREBY REPRESENTS THAT NO
REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY INDIVIDUAL TO INDUCE
THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. EACH
OF THE BORROWERS FURTHER REPRESENTS THAT IT HAS BEEN REPRESENTED IN THE SIGNING
OF THIS NOTE AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL,
SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS
THIS WAIVER WITH COUNSEL.

         16. Expenses.

         The Borrowers jointly and severally promise to pay to the Lender on
demand all costs and expenses incurred by the Lender in connection with the
collection and enforcement of this Note, including, without limitation, all
reasonable attorneys' fees and expenses and all court costs.

         17. Notices.

         Any notice, request, or demand to or upon the Borrowers or the Lender
shall be deemed to have been properly given or made when delivered in accordance
with Section 11.1 of the Financing Agreement.

         18. Miscellaneous.

         Each right, power, and remedy of the Lender as provided for in this
Note or any of the other Financing Documents, or now or hereafter existing under
any applicable law or otherwise shall be cumulative and concurrent and shall be
in addition to every other right, power, or remedy provided for in this Note or
any of the other Financing Documents or now or hereafter existing under any
applicable law, and the exercise or beginning of the exercise by the Lender of
any one or more of such rights, powers, or remedies shall not preclude the
simultaneous or later exercise by the Lender of any or all such other rights,
powers, or remedies. No failure or delay

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by the Lender to insist upon the strict performance of any term, condition,
covenant, or agreement of this Note or any of the other Financing Documents, or
to exercise any right, power, or remedy consequent upon a breach thereof, shall
constitute a waiver of any such term, condition, covenant, or agreement or of
any such breach, or preclude the Lender from exercising any such right, power,
or remedy at a later time or times. By accepting payment after the due date of
any amount payable hereunder, the Lender shall not be deemed to waive the right
either to require prompt payment when due of all other amounts payable under the
terms hereof or to declare an Event of Default for the failure to effect such
prompt payment of any such other amount. No course of dealing or conduct shall
be effective to amend, modify, waive, release, or change any provisions of this
Note.

         19. Partial Invalidity.

         In the event any provision of this Note (or any part of any provision)
is held by a court of competent jurisdiction to be invalid, illegal, or
unenforceable in any respect, such invalidity, illegality, or unenforceability
shall not affect any other provision (or remaining part of the affected
provision) of this Note; but this Note shall be construed as if such invalid,
illegal, or unenforceable provision (or part thereof) had not been contained in
this Note, but only to the extent it is invalid, illegal, or unenforceable.

         20. Captions.

         The captions herein set forth are for convenience only and shall not be
deemed to define, limit, or describe the scope or intent of this Note.

         21. Governing Law.

         The provisions of this Note shall be construed, interpreted and
enforced in accordance with the laws of the Commonwealth of Virginia as the same
may be in effect from time to time.

         22. Counterparts.

         This Note may be executed in one or more counterparts each of which
shall constitute an original for all purposes; provided, however, that all such
counterparts shall together constitute one and the same instrument.

         IN WITNESS WHEREOF, the Borrowers have caused this Note to be executed,
under seal, by their duly authorized representatives, as of the date first
written above.

WITNESS OR ATTEST:                 SUNRISE BATON ROUGE ASSISTED LIVING,
                                   L.L.C., a Louisiana limited liability company
                                   By:     Sunrise Assisted Living Investments,
                                           Inc., its sole member

                                           By: /s/ James S. Pope          (SEAL)
---------------------------                   ----------------------------------
                                                James S. Pope
                                                Vice President

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WITNESS OR ATTEST:                         SUNRISE BLOOMINGDALE ASSISTED
                                           LIVING, L.L.C., an Illinois limited
                                           liability company
                                           By:      Sunrise Assisted Living
                                                    Investments, Inc., its sole
                                                    member

                                           By: /s/ James S. Pope          (SEAL)
---------------------------                   ----------------------------------
                                                    James S. Pope
                                                    Vice President

WITNESS OR ATTEST:                         SUNRISE FARMINGTON HILLS ASSISTED
                                           LIVING, L.L.C., a limited liability
                                           company
                                           By:      Sunrise Assisted Living
                                                    Investments, Inc., its sole
                                                    member

                                           By: /s/ James S. Pope          (SEAL)
---------------------------                   ----------------------------------
                                                    James S. Pope
                                                    Vice President

WITNESS OR ATTEST:                         SUNRISE NEW ORLEANS ASSISTED LIVING,
                                           L.L.C., a Louisiana limited liability
                                           company
                                           By:      Sunrise Assisted Living
                                                    Investments, Inc., its sole
                                                    member

                                           By: /s/ James S. Pope          (SEAL)
---------------------------                   ----------------------------------
                                                   James S. Pope
                                                   Vice President

                                       8
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WITNESS OR ATTEST:                         SUNRISE OAKLAND ASSISTED LIVING
                                           LIMITED PARTNERSHIP, a California
                                           limited partnership

                                           By:      Sunrise Assisted Living
                                                    Investments, Inc., its
                                                    general partner

                                           By: /s/  James S. Pope         (SEAL)
---------------------------                   ----------------------------------
                                                    James S. Pope
                                                    Vice President

WITNESS OR ATTEST:                         SUNRISE RIVERSIDE ASSISTED LIVING,
                                           L.P., a California limited
                                           partnership
                                           By:      Sunrise Assisted Living
                                                    Investments, Inc., its
                                                    general partner

                                           By: /s/  James S. Pope         (SEAL)
---------------------------                   ----------------------------------
                                                    James S. Pope
                                                    Vice President

WITNESS OR ATTEST:                         SUNRISE WILTON ASSISTED LIVING,
                                           L.L.C., a Connecticut
                                           limited liability company
                                           By:      Sunrise Assisted Living
                                                    Investments, Inc., its sole
                                                    member

                                           By: /s/  James S. Pope         (SEAL)
---------------------------                   ----------------------------------
                                                    James S. Pope
                                                    Vice President

                                       9<PAGE>   1
                                                                   EXHIBIT 10.11

                   SECOND AMENDED AND RESTATED PROMISSORY NOTE

$80,000,000.00                                                       May 7, 2001

         FOR VALUE RECEIVED, SUNRISE ASSISTED LIVING LIMITED PARTNERSHIP, a
Virginia limited partnership ("BORROWER"), promises to pay to the order of
GENERAL ELECTRIC CAPITAL CORPORATION, a New York corporation ("GECC"), the
principal sum of EIGHTY MILLION AND NO/100 DOLLARS ($80,000,000.00), or so much
thereof as has or shall be advanced from time to time under the Original Note,
the First Amended Note, this Note and the other Security Documents (the "LOAN"),
with interest on the unpaid balance of such amount from the date hereof (the
"EFFECTIVE DATE"), at the rate or rates of interest and at the times specified
or referred to herein. This Second Amended and Restated Note is executed and
delivered pursuant to the Fourth Loan Modification Agreement (defined herein),
and amends and restates the First Amended Note (defined herein).

         1. DEFINITIONS. In addition to terms defined elsewhere in this Note, as
used herein, the following terms shall have the following meanings:

                  (a) "AFFILIATED ENTITIES" shall mean, collectively, Paul
Klaassen, Teresa Klaassen and any Person which, directly or indirectly, controls
or is controlled by or is under common control with any of Borrower, Sunrise
Assisted Living, Inc., a Delaware corporation, Sunrise Assisted Living
Management, Inc. (formerly known as Sunrise Terrace, Inc.), and/or one or both
of Paul J. Klaassen or Teresa M. Klaassen. For the purpose of this definition,
"control" (including, with correlative meanings, the terms "controlled by" and
"under common control with") means the possession, directly or indirectly, of
the power to direct or cause the direction of management and policies, whether
through the ownership of partnership interests, voting securities or interests
or by contract or otherwise. "Affiliated Entities" shall include, without
limitation, any and all constituent partners (at any tier), at any time, in
Borrower and any other Affiliated Entities.

                  (b) "BUSINESS DAY" shall mean any day which is not a Saturday,
Sunday or a day on which banks are required or permitted to be closed in the
State of New York.

                  (c) "CONTRACT INTEREST RATE" shall mean the rate of interest
equal to eight and two-tenths percent (8.20%) per annum.

                  (d) "DEFAULT RATE" shall mean thirteen and two-tenths percent
(13.20%) per annum; however, in no event shall the Default Rate exceed the
highest rate authorized by applicable law.

                  (e) "DISCOUNT RATE" shall mean the monthly compounded
Replacement Treasury Rate.

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<PAGE>   2
                  (f) "FIRST AMENDED NOTE" shall mean that Amended and Restated
Promissory Note, in the stated principal amount of $87,000,000, dated June 6,
1996, executed by Borrower and payable to the order of GECC.

                  (g) "FIRST LOAN MODIFICATION AGREEMENT" shall mean that
certain First Loan Modification Agreement dated as of February 15, 1996 executed
by Borrower and GECC.

                  (h) "FOURTH LOAN MODIFICATION AGREEMENT" shall mean that
certain Fourth Loan Modification Agreement, dated of even date herewith,
executed by Borrower and GECC.

                  (i) "HAZARDOUS SUBSTANCES INDEMNITY" shall mean that certain
Hazardous Substances Indemnity Agreement dated of even date herewith executed by
Sunrise Assisted Living, Inc., for the benefit of GECC, as amended from time to
time.

                  (j) "INDEBTEDNESS" shall mean the amount of the principal
indebtedness evidenced by this Note which is outstanding from time to time, as
reflected in the records maintained by GECC with respect to this Note.

                  (k) "INDEMNITY AGREEMENT" shall mean that certain Indemnity
Agreement dated of even date herewith by Sunrise Assisted Living, Inc., for the
benefit of GECC, as amended from time to time.

                  (l) "MAKE WHOLE BREAKAGE AMOUNT" means the sum of the present
value on the date of any prepayment of each Monthly Interest Shortfall for the
remaining term of the Loan discounted at the Discount Rate.

                  (m) "MATURITY DATE" shall mean May 31, 2004 or such earlier
date as the indebtedness evidenced by this Note shall become due and payable
pursuant to the terms of this Note or the other Security Documents.

                  (n) "MONTHLY INTEREST SHORTFALL" shall be calculated for each
monthly payment date and shall mean the product of (1) the prepaid principal
balance of the Loan divided by 12, and (2) the positive result, if any, from (A)
the rate on the U.S. Treasury Security rate used as the index to compute the
Contract Interest Rate on the Loan minus (B) the Replacement Treasury Rate. GECC
and Borrower acknowledge and agree that the U.S. Treasury Security rate used as
the index to compute the Contract Interest Rate on the Loan is 5.0794% per
annum.

                  (o) "MORTGAGE" shall mean those certain Mortgages and Deeds of
Trust encumbering the Properties executed by Borrower for the benefit of GECC
securing the obligations of Borrower pursuant to this Note and the other
Security Documents, individually or collectively, as the context may require.

                  (p) "NOTE" shall mean this Second Amended and Restated
Promissory Note, as amended from time to time, which evidences the Loan.

                  (q) "ORIGINAL NOTE" shall mean the original $95,000,000
promissory note dated as of June 8, 1994, executed by Borrower in favor of GECC,
as amended prior to the date hereof.

                                                                               2
<PAGE>   3
                  (r) "OUTSTANDING LOAN BALANCE" shall mean the outstanding
principal balance of the Loan and any other amounts owed pursuant to the
Security Documents.

                  (s) "PERSON" shall mean any natural person, corporation,
limited liability company, partnership, joint venture, unincorporated
organization, sole proprietorship, trust, business trust, firm, association,
government, governmental agency or any other entity and whether acting in an
individual, fiduciary or other capacity.

                  (t) "PROPERTY" or "PROPERTIES" shall mean, as the context
requires, one or more of the eleven assisted living properties described on
Exhibit A attached hereto and made a part hereof.

                  (u) "REPLACEMENT TREASURY RATE" shall mean the yield
calculated by linear interpolation (rounded to one-thousandth of one percent
(i.e., 0.001%)) of the yields, as reported in Federal Reserve Statistical
Release H.15-Selected Interest Rates under the heading U.S. Government
Securities/Treasury Constant Maturities for the week ending prior to the
prepayment date, of U.S. Treasury Constant Maturities with terms (one longer and
one shorter) most nearly approximating the remaining Weighted Average Life of
the Loan as of the prepayment date. In the event Release H.15 is no longer
published, GECC shall select a comparable publication to determine the
Replacement Treasury Rate.

                  (v) "SECOND LOAN MODIFICATION AGREEMENT" shall mean that
certain Second Loan Modification Agreement dated as of May 1, 1996 executed by
Borrower and GECC.

                  (w) "SECURITY DOCUMENTS" shall mean this Note, the Original
Note, the First Amended Note, the Mortgage, the Indemnity Agreement, the First
Loan Modification Agreement, the Second Loan Modification Agreement, the Third
Loan Modification Agreement, and the Hazardous Substances Indemnity, and all
other documents executed by Borrower and others which evidence, secure or set
forth the terms of the Loan.

                  (x) "THIRD LOAN MODIFICATION AGREEMENT" shall mean that
certain Third Loan Modification Agreement dated as of March 4, 1997 executed by
Borrower and Great Oak, LLC.

                  (y) "WEIGHTED AVERAGE LIFE OF THE LOAN" shall be determined as
of the prepayment date by (1) multiplying the amount of each monthly principal
payment that would have been paid had the prepayment not occurred by the number
of months from the prepayment date to each payment date, (2) adding the results,
and (3) dividing the sum by the balance remaining on the Loan on the prepayment
date multiplied by 12.

         2. COMPUTATION OF INTEREST. Subject to the terms and conditions hereof,
interest on the amounts so advanced hereunder, from time to time, shall be
computed from and after the date of each advance until the date of payment in
full at the Contract Interest Rate unless the Default Rate shall be applicable.

         3. PAYMENT, CALCULATION OF INTEREST, AND PAYMENT OF PRINCIPAL BALANCE.

                                                                               3
<PAGE>   4
                  (a) PRINCIPAL AND INTEREST. On June 1, 2001 Borrower shall pay
to GECC all accrued but unpaid interest on the Indebtedness at the Contract
Interest Rate. On July 1, 2001 and on the first day of each and every calendar
month thereafter through and including May 1, 2004, Borrower shall pay to GECC
an installment of principal and interest in the amount of Six Hundred
Twenty-Eight Thousand Eighty-Nine and 44/100 Dollars ($628,089.44), such
installment to be applied first to pay accrued and unpaid interest for the
preceding month on the Indebtedness at the Contract Interest Rate and then to
reduce the Indebtedness in accordance with the attached Amortization Schedule.
Interest shall be computed on the basis of a fraction, the denominator of which
is 365 and the numerator of which is the actual number of days elapsed from the
Effective Date, or the preceding interest due date, whichever is applicable,
until the next succeeding interest due date.

                  (b) MATURITY. The entire outstanding principal amount of this
Note, together with all accrued but unpaid interest thereon, and all other sums
due and unpaid hereunder and under the Mortgage and the other Security
Documents, shall be due and payable on the Maturity Date.

                  (c) MANDATORY PREPAYMENT. If at any time during the term of
this Note either (i) the Outstanding Loan Balance shall have been reduced to an
amount less than $25,000,000, or (ii) five or fewer Properties remain encumbered
by the Mortgage as security for this Note, then on or before a date specified by
GECC upon ninety (90) days prior written notice by GECC, the entire principal
balance of this Note, together with all accrued and unpaid interest thereon, and
all other sums due and unpaid hereunder and under the Mortgage and the other
Security Documents shall be due and payable.

         4. PLACE AND MANNER OF PAYMENT. All payments due under this Note are
payable at GECC's office at GE Capital Asset Management Services, File 59229,
Los Angeles, California 90074-9229, or at such other place as GECC or other
holder hereof shall notify Borrower of in writing. GECC reserves the right to
require any payment on this Note, whether such payment is of a regular
installment or represents a prepayment or final payment, to be by wired federal
funds or other immediately available funds.

         5. APPLICATION OF PAYMENTS AND DISBURSEMENTS. Except as otherwise
expressly provided herein, including Section 3 hereof, or in the Mortgage, all
payments received by GECC on this Note shall be applied by GECC as follows:
first, to the payment of delinquency, or "late" charges, if any; second, to
accrued and unpaid interest; and third, to the reduction of principal.

         6. PREPAYMENT. Upon not less than fifteen (15) days prior written
notice to GECC, Borrower may prepay the Outstanding Loan Balance of this Note,
in whole or in part, upon payment of a prepayment premium equal to the sum of
(a) either (i) one and one-half percent (1.5%) of the amount prepaid for any
prepayment made before June 1, 2002, or (ii) one percent (1%) of the amount
prepaid for any prepayment made on or after June 1, 2002 and before June 1,
2003, plus (b) the Make Whole Breakage Amount. On and after June 1, 2003 and
before March 1, 2004, Borrower may prepay the Outstanding Loan Balance, in whole
or in part, on payment of the Make Whole Breakage Amount for the amount prepaid.
On and after March 1, 2004, Borrower may prepay the Outstanding Loan Balance, in
whole or in part, without prepayment premium and without payment of any Make
Whole Breakage Amount. If GECC

                                                                               4
<PAGE>   5
exercises its option to declare the entire outstanding principal balance of the
Loan due and payable as a result of an Event of Default, such Event of Default
shall be presumed and conclusively deemed to be an attempt on the part of
Borrower to avoid the prepayment premium provided for in this Note, and there
shall be due to GECC in connection with such acceleration of the entire
outstanding principal balance of the Loan, in addition to all other amounts due
pursuant to the terms of this Note and the Security Documents, an amount equal
to the prepayment premium which would then be payable to GECC in the event of a
voluntary prepayment.

         7. NO JOINT VENTURE. The provisions contained herein, in the Mortgage
and other Security Documents shall not be deemed to create a joint venture or
partnership arrangement between GECC and Borrower, it being Borrower's and
GECC's mutual intention that the transaction is a loan and not a joint venture
or partnership and the transaction shall not be deemed to be an agreement by
GECC to share in any losses incurred by Borrower or any Affiliated Entity or to
be responsible for any liabilities of Borrower or any Affiliated Entity to third
parties (including, without limitation, obligations arising from the ownership,
operation, use or occupancy of the Properties). Borrower shall indemnify, defend
and hold GECC harmless from and against all claims, injury, loss, damage,
liability, costs and expenses (including, reasonable attorneys' fees) of any and
every kind incurred by GECC arising out of any claim, allegation or
determination that this Note, the Loan or the transactions contemplated thereby
create a joint venture or partnership arrangement between GECC and Borrower.

         8. DEFAULT RATE: LATE CHARGE. From and after such time as (i) any
portion of the Outstanding Loan Balance hereunder is not paid within ten (10)
days after the due date therefor, whether by acceleration or otherwise, or (ii)
any other Event of Default (as hereinafter defined) has occurred, until such
principal balance (or portion thereof) is paid or such Event of Default has been
cured, as the case may be, the outstanding principal balance hereunder shall
bear interest at the Default Rate. Nothing contained in this Section 8 shall be
deemed to be a waiver of or limitation on the right of the holder of this Note
from declaring a default hereunder. In addition to the foregoing, GECC may
collect a late charge equal to five percent (5%) of the amount of any payment
due pursuant to this Note which is not paid within ten (10) days after the date
when due.

         9. EVENT OF DEFAULT. In the event of the occurrence of any of the
following events (each an "EVENT OF DEFAULT"): (i) Borrower fails to pay any
installment of interest or any principal on this Note, within five (5) days
following written notice thereof from GECC, or (ii) an "EVENT OF DEFAULT" (as
defined in the Mortgage or any of the other Security Documents) occurs, then and
in any such event GECC may at its option declare the entire unpaid principal
balance of this Note, together with interest accrued thereon, to be immediately
due and payable and GECC may proceed to exercise any rights or remedies that it
may have hereunder or under the Mortgage or any other Security Document, or
under any other agreement relating to the Loan or such other rights and remedies
which GECC may have at law, in equity or otherwise.

         10. COSTS AND EXPENSES. After the occurrence of an Event of Default
hereunder, in addition to all other rights of GECC hereunder, GECC shall be
entitled to collect from Borrower all costs and expenses (including collection
costs and reasonable attorneys' fees) incurred by GECC in connection with such
Event of Default, including, without limitation, all costs incurred

                                                                               5
<PAGE>   6
in connection with (i) the interpretation of GECC's rights and remedies, (ii)
the protection of or realization on the collateral, and (iii) any of GECC's
collection efforts, whether or not suit on this Note or any foreclosure
proceeding is filed, and all such costs and expenses shall be payable on demand,
shall be added to the principal sum evidenced hereby until such amounts are paid
in full and shall also be secured by the Mortgage and the other Security
Documents.

         11. NON-WAIVER; AMENDMENT. No failure on the part of GECC or other
holder hereof to exercise any right or remedy hereunder or under any of the
other Security Documents, whether before or after the happening of a default,
shall constitute a waiver thereof, and no waiver of any past default shall
constitute a waiver of any future default or of any other default. No failure to
accelerate the debt evidenced hereby by reason of default hereunder, or
acceptance of a past due installment, or indulgence granted from time to time
shall be construed to be a waiver of the right to insist upon prompt payment
thereafter or to impose late charges retroactively or prospectively, or shall be
deemed to be a novation of this Note or as a reinstatement of the debt evidenced
hereby or as a waiver of such right of acceleration or any other right, or be
construed so as to preclude the exercise of any right which GECC may have,
whether by law, by agreement or otherwise; and Borrower and each endorser or
guarantor hereby expressly waives the benefit of any statute or rule of law or
equity which would produce a result contrary to or in conflict with the
foregoing. This Note may not be changed orally, but only by an agreement in
writing signed by the party against whom such agreement is sought to be
enforced.

         12. WAIVER. Borrower, for itself and its successors and assigns, and
each endorser or guarantor of this Note, for itself and its successors and
assigns, hereby waives presentment, protest, demand, diligence, notice of
dishonor and of nonpayment, and waives and renounces all rights to the benefits
of any statute of limitations and any moratorium, appraisement, exemption and
homestead now provided or which may hereafter be provided by any federal or
state statute, including but not limited to exemptions provided by or allowed
under the United States Bankruptcy Code, 11 U.S.C. Section 101, et seq. (the
"BANKRUPTCY CODE"), both as to itself personally and as to all of its or their
property, whether real or personal, against the enforcement and collection of
the obligations evidenced by this Note and any and all extensions, renewals and
modifications hereof.

         13. NOTICE. Any notice, demand, request or other communication which
Borrower or GECC may desire or be required to give hereunder shall be in writing
and shall be given in the manner and at the places set forth in the Mortgage.

         14. CONFLICT. In the event of any conflict between the provisions of
this Note and the other Security Documents or any other agreement relating to
the Loan, the provisions of this Note shall govern.

         15. SEVERABILITY. The parties hereto intend and believe that each
provision in this Note comports with all applicable local, state and federal
laws and judicial decisions. However, if any provision or provisions, or if any
portion of any provision or provisions, in this Note is found by a court of law
to be in violation of any applicable local, state or federal ordinance, statute,
law, administrative or judicial decision, or public policy, and if such court
should declare such portion, provision or provisions of this Note to be illegal,
invalid, unlawful, void or

                                                                               6
<PAGE>   7
unenforceable as written, then it is the intent of all parties hereto that such
portion, provision or provisions shall be given force to the fullest possible
extent that they are legal, valid and enforceable, that the remainder of this
Note shall be construed as if such illegal, invalid, unlawful, void or
unenforceable portion, provision or provisions were not contained herein, and
that the rights, obligations and interest of Borrower and holder hereof under
the remainder of this Note shall continue in full force and effect. It is the
intention of the parties to conform strictly to applicable usury laws from time
to time in force, and all agreements between Borrower and GECC, whether now
existing or hereafter arising and whether oral or written, are hereby expressly
limited so that in no contingency or event whatsoever, whether by acceleration
of maturity hereof or otherwise, shall the amount paid or agreed to be paid to
GECC or the holder hereof, or collected by GECC or such holder, for the use,
forbearance or detention of the money loaned hereunder or otherwise, or for the
payment or performance of any covenant or obligation contained herein or in the
Mortgage or in any other Security Document exceed the maximum amount permissible
under applicable usury laws. If under any circumstances whatsoever fulfillment
of any provision hereof or of the Mortgage or any other Security Document, at
the time performance of such provision shall be due, shall involve transcending
the limit of validity prescribed or permitted by law, including judicial
determination, then ipso facto, the obligation to be fulfilled shall be reduced
to the limit of such validity; and if under any circumstances GECC or other
holder hereof shall ever receive an amount deemed interest, by applicable law,
which would exceed the highest lawful rate, such amount that would be excessive
interest under applicable usury laws shall be applied to the reduction of the
principal amount owing hereunder or to other indebtedness secured by the
Mortgage or other Security Documents and not to the payment of interest, or if
such excessive interest exceeds the unpaid balance of principal and other
indebtedness, the excess shall be deemed to have been a payment made by mistake
and shall be refunded to Borrower or to any other person making such payment on
Borrower's behalf. All sums paid or agreed to be paid to the holder hereof for
the use, forbearance or detention of the indebtedness of Borrower evidenced
hereby, outstanding from time to time shall, to the extent permitted by
applicable law, and to the extent necessary to preclude exceeding the limit of
validity prescribed by applicable law, be amortized, prorated, allocated and
spread from the date of disbursement of the proceeds of this Note until payment
in full of such indebtedness so that the actual rate of interest on account of
such indebtedness is uniform throughout the term hereof. The terms and
provisions of this paragraph shall control and supersede every other provision
of all agreements between GECC and Borrower and any endorser or guarantor of
this Note.

         16. GOVERNING LAW; JURISDICTION: PERSONAL SERVICE. This Note shall be
governed by and construed under the internal laws of the Commonwealth of
Virginia without regard to conflicts of laws principles. It is the express
intention of the parties hereto that the laws of the Commonwealth of Virginia
regarding usury and the maximum legal rate of interest shall apply to this Note
and the indebtedness evidenced by this Note. Borrower hereby submits to personal
jurisdiction in the Commonwealth of Virginia and the jurisdiction of either the
Circuit Court of Fairfax County, Virginia or the United States District Court
for the Eastern District of Virginia for the enforcement of Borrower's
obligations hereunder and under the Mortgage and other Security Documents, and
waives any and all personal rights under the law of any other state to object to
jurisdiction within the Commonwealth of Virginia for the purposes of litigation
to enforce such obligations of Borrower. In the event such litigation is
commenced, Borrower agrees that, in addition to any other manner provided by
applicable law or court rule, service of

                                       7
<PAGE>   8
process may be made and personal jurisdiction over Borrower obtained, by service
of a copy of the summons, complaint and other pleadings required by applicable
law to commence such litigation upon Borrower's appointed Agent for Service of
Process in the Commonwealth of Virginia, which Agent Borrower hereby designates
to be:

                  Watt, Tieder and Hoffar
                  7929 Westpark Drive, Suite 400
                  McLean, Virginia 22102
                  Attn: Wayne G. Tatusko, Esq.

         17. LIMITATION ON LIABILITY. Neither Borrower nor Indemnitor nor the
corporate entities comprising Borrower nor any stockholder of any of the
corporate entities comprising Borrower shall be personally liable for the
repayment of any of the principal, interest or any other amount due under this
Note or any of the Security Documents or for any deficiency judgment which GECC
may obtain after foreclosure on its collateral after default by Borrower;
provided, however, that neither Borrower nor any Indemnitor shall be exonerated
or exculpated for any deficiency, loss or damage suffered by GECC as a result of
the failure by Borrower to comply with any of the terms or conditions of the
Mortgage or any of the other Security Documents relating to: (i) Borrower's
failure to perform its obligation to properly account to GECC as a mortgagee for
any proceeds of insurance or condemnation as required by the Mortgage; (ii)
Borrower's failure to comply with provisions of the Mortgage prohibiting the
sale or further encumbering of the collateral; (iii) Borrower's attempt to
interfere with GECC's rights under the assignment of rents or letters of credit,
if any, issued in connection with the Loan; (iv) Borrower's failure to apply
proceeds, as required by the Mortgage and other Security Documents, of rents and
other income of the collateral toward the costs of maintaining and operating the
Properties and to the payment of taxes, lien claims, insurance premiums, other
costs of the Properties and debt service and other indebtedness to the extent
that the Mortgage or other Security Documents require such rents and income to
be so applied; (v) Borrower's entering into or modifying leases and residency
agreements in violation of the provisions of the Mortgage and the other Security
Documents; (vi) Borrower's collection of rentals and residency charges
(exclusive of community fees) for periods of more than one month in advance
under leases and residency agreements of the Properties; (vii) the receipt by
Borrower of monies in connection with the modification of any existing or future
lease or residency agreement or the entering into of a new lease or residency
agreement in violation of the applicable provisions of the Mortgage and other
Security Documents; (viii) damage or destruction to the Properties, including
their electrical, plumbing, heating or air conditioning systems or elevators,
except as a result of casualty; (ix) Borrower's failure to pay for any loss,
liability, damage, cost or expense (including attorney's fees) incurred by GECC
in connection with any deposit, storage, disposal, burial, dumping, injecting,
spilling, leaking, or other placement or release in, on or from the Properties
of asbestos or a "hazardous substance" as defined in 42 U.S.C. 9601, et seq., as
amended from time to time, or any other toxic or hazardous waste or waste
products; (x) Borrower's failure to utilize the net loan proceeds for Permitted
Investments (as defined in the Mortgage) owned solely by Borrower, or one or
more Permitted Owners (as defined in the Mortgage); (xi) Borrower's failure to
pay for any loss, liability or expense (including the attorney's fees) incurred
by GECC arising out of any claim or allegation made by Borrower, its successors
or assigns, or any creditor of Borrower, that this Note or the transactions
contemplated hereby establish a joint venture or partnership arrangement between
Borrower and

                                                                               8
<PAGE>   9
GECC; (xii) any claims, demands or suits by partners or investors in any entity
controlled by the Indemnitors or an Affiliated Entity which owned or had an
interest in a Property which was "rolled-up" into the Borrower; and (xiii) the
exercise of any right or remedy, or the assertion of any claim or demand, by
Friendly Ice Cream Corporation, a Massachusetts corporation, or its successors
or assigns, pursuant to that certain Easement and Agreement dated August 4, 1987
and recorded in the county records of Fairfax County, Virginia in Book 6863 at
Page 1171;and provided further, that the foregoing limitations on Borrower's
personal liability with respect to principal and interest shall not impair the
validity of the indebtedness secured by GECC's collateral or the lien on or
security interest in the collateral or the right of GECC as mortgagee or secured
party to foreclose and/or enforce the Mortgage and other Security Documents
after default by Borrower. In the event any party shall have guaranteed all or
part of the Loan by separate written guaranty or executed a separate indemnity
agreement (including, without limitation, the Indemnity Agreement and the
Hazardous Substances Indemnity), none of the foregoing limitations on Borrower's
personal liability for payment of principal and interest shall modify, diminish
or discharge the personal liability of any such guarantor or indemnitor as set
forth in any such document. None of the foregoing limitations on Borrower's
personal liability shall modify, diminish or discharge the personal liability of
Borrower or any individual under the Indemnity Agreement or the Hazardous
Substances Indemnity or under any indemnification provisions of the Mortgage or
any of the other Security Documents. Nothing herein shall be deemed to be a
waiver of any right which GECC may have under Sections 506(a), 506(b), 111(b) or
any other provision of the Bankruptcy Code to file a claim for the full amount
of the debt owing to GECC by Borrower or to require that all collateral shall
continue to secure all of the indebtedness owing to GECC in accordance with this
Note, the Mortgage and the other Security Documents.

         18. TIME OF ESSENCE. Time is of the essence of this Note and of each
provision in which time is an element.

         19. WAIVER OF JURY TRIAL. BORROWER AND GECC EACH 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
NOTE OR ANY OTHER SECURITY DOCUMENTS CONTEMPLATED TO BE EXECUTED IN CONJUNCTION
HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (EITHER VERBAL
OR WRITTEN) OR ACTIONS OF EITHER PARTY, THIS WAIVER BEING A MATERIAL INDUCEMENT
FOR GECC TO ACCEPT THIS NOTE.

         20. DATE OF PERFORMANCE. If the date for the performance of any term,
provision or condition (monetary or otherwise) under this Note shall happen to
fall on a Saturday, Sunday or non-Business Day, the date for the performance of
such term, provision or condition shall, at the option of Borrower or GECC, be
extended to the next succeeding Business Day immediately thereafter occurring,
with interest on the Principal Sum to such next succeeding Business Day if such
term, provision or condition shall result in the extension of any monetary
payment due to GECC.

                                                                               9
<PAGE>   10
         21. BINDING UPON SUCCESSORS AND ASSIGNS. The provisions of this Note
shall bind Borrower and its successors and assigns; provided, however, that
nothing herein shall be construed as permitting Borrower to take any action in
violation of the Mortgage.

         22. SURVIVAL OF NOTE. Notwithstanding anything contained in or
inferable from this Note or any other Security Documents, the terms and
provisions of this Note shall survive the release of the lien of the Mortgage or
any other collateral granted by Borrower as security for the Note until the
payment in full to GECC of all outstanding principal and interest of this Note.

         23. HEADINGS. The headings used in this Note are for convenient
reference only and shall not to any extent have the effect of modifying,
amending or changing the express terms and provisions of this Note.

         24. INDEMNIFICATION. Borrower shall indemnify, defend and hold GECC
harmless. from and against any and all losses, liabilities, claims, damages and
expenses incurred by GECC in connection with the Loan or one or more of the
Properties arising from or relating to any claims of third parties, except to
the extent caused by GECC's gross negligence or willful misconduct.

         25. RESTATEMENT. This Note amends and restates in its entirety the
First Amended Note. It is agreed that this restatement of the First Amended Note
is not intended as a satisfaction of the First Amended Note or as a novation.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                                                              10
<PAGE>   11
         IN WITNESS WHEREOF, Borrower, intending to be legally bound hereby, has
caused this Note to be duly executed under seal the day and year first above
written.

                            SUNRISE ASSISTED LIVING LIMITED
                            PARTNERSHIP, a Virginia limited partnership

                            By:    Sunrise Assisted Living Investments, Inc., a
                                   Virginia corporation, sole general partner

                                   By: /s/ James S. Pope
                                       -------------------------------
                                           James S. Pope, Vice President

                                                                              11
<PAGE>   12
                                   EXHIBIT A
                                   ---------

1.       Sunrise Terrace
         10322 Blake Lane
         Oakton, VA 22124 (Fairfax County)

2.       Sunrise of Leesburg
         246 W. Market Street
         Leesburg, VA 22075 (Loudon County)

3.       Sunrise of Warrenton
         194 Lee Street
         Warrenton, VA 22186 (Fauquier County)

4.       Sunrise of Arlington
         2000 N. Glebe Road
         Arlington, VA 22207 (Arlington County)

5.       Sunrise at Bluemont Park
         5900, 5910 and 5920 Wilson Blvd.
         Arlington, VA 22205 (Arlington County)

6.       Sunrise at Mercer Island
         2959 76th Avenue
         Mercer Island, WA 98040 (King County)

7.       Sunrise at Frederick
         990 Waterford Dr.
         Frederick, MD 21702 (Frederick County)

8.       Sunrise at Countryside
         45800 Jona Drive
         Sterling, VA 20165 (Loudon County)

9.       Sunrise at Gunston Manor
         7665 Lorton Road
         Lorton, VA 22075 (Fairfax County)

10.      Sunrise Atrium at Boca Raton
         1080 N.W. 15th Street .
         Boca Raton, FL 33486 (Palm Beach County)

11.      Sunrise of Falls Church
         330 N. Washington St.
         Falls Church, VA 22046

                                                                             A-1

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