Document:

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                                                                   EXHIBIT 10.80

                               DEED OF TRUST NOTE

$1,789,700.00                                          San Francisco, California
                                                                December 5, 2000

        FOR VALUE RECEIVED, the undersigned, ARV CAMPBELL, L.P., a California
limited partnership, promises to pay RED MORTGAGE CAPITAL, INC., an Ohio
corporation, or order, at its principal office at 150 East Gay Street, 22nd
Floor, Columbus, Ohio 43215 or at such other place as may be designated in
writing by the holder of this Note, the principal sum of ONE MILLION SEVEN
HUNDRED EIGHTY-NINE THOUSAND SEVEN HUNDRED AND 00/100THS DOLLARS
($1,789,700.00), with interest thereon from the date hereof at the rate of Eight
and three hundredths per centum (8.03 %) per annum on the unpaid balance until
paid. The principal and interest shall be payable in monthly installments as
follows:

                             Interest alone shall be due and payable on the
               first day of January, 2001. Thereafter, commencing on February 1,
               2001, monthly installments of principal and interest at the rate
               of Eight and three hundredths per centum (8.03 %) per annum shall
               be due and payable in the sum of TWELVE THOUSAND SEVEN HUNDRED
               FIFTY AND 56/100THS DOLLARS ($12,750.56) each, such payments to
               continue monthly thereafter on the first day of each succeeding
               month until the entire indebtedness has been paid in full. In any
               event, the balance of principal (if any) remaining unpaid, plus
               accrued interest, shall be due and payable on January 1, 2036.
               The installments of principal and interest shall be applied first
               to interest at the rate aforesaid upon the principal sum or so
               much thereof as shall from time to time remain unpaid, and the
               balance thereof shall be applied on account of principal.

        Both principal and interest under this Note, as well as the additional
payments set forth in the Deed of Trust shall be payable at the office of RED
MORTGAGE CAPITAL, INC., at its principal office at 150 East Gay Street, 22nd
Floor, Columbus, Ohio 43215 or such other place as the holder may designate in
writing.

        Prepayment of this Note is subject to the terms and provisions set forth
in Allonge #1 attached hereto and incorporated herein by this reference.

        If default be made in the payment of any installment under this Note,
and if the default is not made good prior to the due date of the next such
installment, the entire principal sum and

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accrued interest shall at once become due and payable without notice at the
option of the holder of this Note. Failure to exercise this option shall not
constitute a waiver of the right to exercise the same in the event of any
subsequent default.

        The makers and endorsers severally waive diligence, presentment,
protest, and demand, and also notice of protest, dishonor, and nonpayment of
this Note, and expressly agree that this Note, or any payment thereunder, may be
extended from time to time, and consent to the acceptance of further security
for this Note, including other types of security, all without in any way
affecting the liability of the makers and endorsers hereof. The right to plead
any and all statutes of limitations as a defense to any demand on this Note, or
any guaranty thereof, or to any agreement to pay the same, or to any demand
secured by the Deed of Trust, (hereinafter defined) or other security, securing
this Note, or any and all obligations, or liabilities arising out of or in
connection with said Note or Deed of Trust by any of the parties hereto, is
expressly waived by each and every of the makers, endorsers, guarantors or
sureties.

        Principal and interest are payable in lawful money of the United States.
If action be instituted on this Note, the undersigned promise(s) to pay in
addition to the costs and disbursements allowed by law such sum as the Court may
adjudge reasonable as attorney's fees in said action. This Note is secured by a
Deed of Trust, of even date herewith, to Fidelity National Title Insurance
Company, as Trustee, on real estate situated in the City of Campbell, County of
Santa Clara, California (the "Deed of Trust").

        In the event any installment or part of any installment due hereunder
becomes delinquent for more than fifteen (15) days, there shall be due, at the
option of the holder, in addition to other sums due hereunder, a sum equal to
two percent (2%) of the amount of such installment of principal and interest so
delinquent. Whenever under the law of the jurisdiction where the property is
located, the amount of any such late charge is considered to be additional
interest, this provision shall not be effective if the rate of interest
specified in this Note, together with the amount of the late charge, would
aggregate an amount in excess of the maximum rate of interest permitted and
would constitute usury.

        All parties to this Note, whether principal, surety, guarantor, or
endorser hereby waive presentment for payment, demand, protect, notice of
protest, and notice of dishonor.

        Notwithstanding any other provision contained in this Note, it is agreed
that the execution of this Note shall impose no personal liability on the maker
hereof (nor any of its present or future limited or general partners) for
payment of the indebtedness evidenced hereby and in the event of a default, the
holder of this Note shall look solely to the property described in the Deed of
Trust and to the rents, issues and profits thereof in satisfaction of the
indebtedness evidenced hereby and will not seek or obtain any deficiency or
personal judgment against the maker hereof (nor any of its present or future
limited or general partners) except such judgment or decree as may be necessary
to foreclose and bar its interest in the property and all other property
mortgaged, pledged, conveyed or assigned to secure payment of this Note, except
as set out in the Deed of Trust of even date given to secure this indebtedness.

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        IN WITNESS WHEREOF, the undersigned has caused this Note to be executed
in its name and on its behalf by its Senior Vice President, thereunto duly
authorized the day and year first above written.

                             ARV CAMPBELL, L.P.
                             a California limited partnership

                             By:    American Retirement Villas Properties II
                                    a California limited partnership
                                    General Partner

                                    By:     ARV Assisted Living, Inc.
                                            a Delaware corporation
                                            General Partner

                                            By:    _____________________________
                                                   Abdo H. Khoury
                                                   Senior Vice President

================================================================================

        I HEREBY CERTIFY that this is the Note described in and secured by the
Deed of Trust of even date herewith, and in the same principal amount as herein
stated, to Fidelity National Title Insurance Company, Trustee(s), on real estate
in the City of Campbell, Santa Clara County, California.

        Dated this ____ day of December, 2000.

[SEAL]                                __________________________________________
                                                       Notary Public

My Commission Expires:  ___________________<PAGE>   1

                                                                   EXHIBIT 10.81

                                  ALLONGE #1 TO
                              DEED OF TRUST NOTE OF
                               ARV CAMPBELL, L.P.
                                       TO
                           RED MORTGAGE CAPITAL, INC.
                 IN THE ORIGINAL PRINCIPAL SUM OF $1,789,700.00
                             DATED DECEMBER 5, 2000

--------------------------------------------------------------------------------

        1. Except as provided in Paragraphs 2, and 3 below, Maker may not prepay
any sums due under the Mortgage Note (the "Note") prior to February 1, 2006.
Commencing on February 1, 2006, upon thirty (30) days advance written notice to
the Holder, Maker may prepay the indebtedness evidenced by this Note, in whole
or in an amount equal to one or more monthly payments of principal next due, on
the last day of any month, provided such prepayment is accompanied by the
prepayment penalty (expressed as a percentage of the principal amount so
prepaid) set forth below:

                  PREPAYMENT PERIODS                   PREPAYMENT PENALTY
                  ------------------                   ------------------

         February 1, 2006 through January 31, 2007              5%
         February 1, 2007 through January 31, 2008              4%
         February 1, 2008 through January 31, 2009              3%
         February 1, 2009 through January 31, 2010              2%
         February 1, 2010 through January 31, 2011              1%
         February 1, 2011 and thereafter                      None

        All such prepayments, including the principal sum and interest thereon
to and including the date of such prepayment, shall be in immediately available
Federal Funds.

        2. Notwithstanding any prepayment prohibition imposed and/or penalty
required by this Allonge #1 with respect to voluntary prepayments made prior to
February 1, 2010, the indebtedness may be prepaid in whole or in part without
the consent of the holder and without prepayment premium if the Commissioner
determines that prepayment will avoid a mortgage insurance claim and is
therefore in the best interest of the Federal Government.

        3. The provisions of Paragraph 1 of this Allonge #1 shall not apply and
no prepayment premium shall be collected by the holder with respect to any
prepayment which is made by or on behalf of Maker from insurance proceeds as a
result of damage to the property or condemnation awards which may, at the option
of the holder, be applied to reduce the indebtedness evidenced by the Note
pursuant to the terms of the Mortgage given of even date to secure the
indebtedness evidenced by the Note.

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        4. A reduction in the principal amount of the Note required by the
Commissioner at the time of Initial/Final Endorsement by the Commissioner as a
result of the Commissioner's cost certification requirements shall not be
construed as a prepayment hereunder. If a reduction is required by the
Commissioner as aforesaid, or if any prepayment from any source (to the extent
permitted herein) is made, the remaining payments due on the Note may, with the
approval of the holder and the Commissioner, be recast such that the required
monthly payments of principal and interest shall be in equal amounts sufficient
to amortize the Note over the then remaining term thereof.

                             ARV CAMPBELL, L.P.
                             a California limited partnership

                             By:    American Retirement Villas Properties II
                                    a California limited partnership,
                                    General Partner

                                    By:     ARV Assisted Living, Inc.
                                            a Delaware corporation,
                                            General Partner

                                            By:    _____________________________
                                                   Abdo H. Khoury
                                                   Senior Vice President

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