EXHIBIT 10.4.2
FIRST AMENDMENT TO MASTER LEASE AGREEMENT
THIS FIRST AMENDMENT TO MASTER LEASE AGREEMENT (this "AMENDMENT") is made
and entered into this 20th day of February, 2004, by and between VENTAS REALTY,
LIMITED PARTNERSHIP, a Delaware limited partnership ("LANDLORD") and BLC
XXXXXX-XX, LLC, BLC ALBUQUERQUE-GC, LLC, BLC DAYTON-GC, LLC, BLC FORT XXXXX-GC,
LLC, (collectively, "EXISTING TENANT"), BLC BRISTOL-GC, LLC and BLC XXXXXXX-GC,
LLC (collectively "ADDED TENANT"; from and after the date hereof, together with
Existing Tenant, "TENANT").
RECITALS
WHEREAS, Existing Tenant and Landlord are parties to that certain Master
Lease Agreement dated as of January 28, 2004 (the "ORIGINAL LEASE");
WHEREAS, as of the date hereof Landlord is acquiring those certain
properties commonly known as Grand Court Bristol and Grand Court Tavares and
legally described on Exhibits "A-5" and "A-6" hereto;
WHEREAS, in accordance with Section 45 of the Lease, Landlord desires to
add Grand Court Bristol and Grand Court Tavares as Additional Properties to the
Lease;
WHEREAS, Added Tenant is joining in this Amendment for the purpose of
joining the Original Lease as Tenant and becoming subject to the terms of the
Original Lease, as amended by this Amendment (the Original Lease as so amended,
the "LEASE")
WHEREAS, initially capitalized terms used but not defined herein shall the
meaning ascribed to such term in the Lease; and
WHEREAS, the parties desire to amend the Original Lease on the terms
hereinafter set forth;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are acknowledged hereby, the parties hereto, intending to
be legally bound, agree to incorporate the foregoing recitals as if the same
were more particularly set forth in the body of this Amendment and further agree
as follows:
1. JOINDER. Each Added Tenant hereby joins the Lease as a Tenant and
agrees to be bound thereby and each Existing Tenant hereby consents and agrees
to such joinder.
2. RENTAL PAYMENT PRORATION. On the date hereof, Tenant shall pay Fixed
Rent and Additional Rent for the Additional Properties prorated from the date
hereof up to and including February 29, 2004.
3. INCREASE TO SECURITY AMOUNT, DEFERRED MAINTENANCE DEPOSIT, AND ESCROWS.
On the date hereof, Tenant shall pay such amounts as are necessary pursuant to
Section 3.3 (Escrow Deposits), Section 3.4 (Security Deposit), and Section 3.5
(Deferred Maintenance Deposit) such that Tenant is in compliance with the
aforementioned Sections of the Lease.
4. AMENDMENTS.
4.1. Section 1.1.1 is hereby amended by replacing "A-4" with "A-6"
where it appears in such Section.
4.2. Effective as of March 1, 2004, Section 3.1.1 is hereby amended
by deleting the words "Three Million Two Hundred Seventy Two Thousand Three
Hundred Twenty-Two and No/100 Dollars per annum ($3,272,322.00) payable in equal
monthly installments of Two Hundred Seventy-Two Thousand Five Hundred Twenty-Six
and 83/100 Dollars ($272,526.83)" and inserting in its place "Four Million Two
Hundred Sixty Two Thousand Four Hundred Twenty-Eight and No/100 Dollars per
annum ($4,262,428.00) payable in equal monthly installments of Three Hundred
Fifty Five Thousand Two Hundred Two and 34/100 Dollars ($355,202.34)".
4.3. Section 10.11 is hereby amended by adding the following
sentence at the end thereof:
"Each Tenant is in substantial compliance with all applicable federal,
state and local laws and regulations related to environmental protection
of wetlands and surface water."
4.4. Schedule 1 is deleted in its entirety and replaced with
Schedule 1 attached hereto.
4.5. Schedule 2 is deleted in its entirety and replaced with
Schedule 2 attached hereto.
4.6. Schedule 3.5 is deleted in its entirety and replaced with
Schedule 3.5 attached hereto.
4.7. Schedule 7.3 is deleted in its entirety and replaced with
Schedule 7.3 attached hereto.
4.8. Schedule 8.2.7 is deleted in its entirety and replaced with
Schedule 8.2.7 attached hereto.
4.9. Exhibit "A" is deleted in its entirety and replaced with
Exhibit "A" attached hereto.
4.10. Exhibits "A-5" and "A-6" attached hereto are hereby added to
the Lease after Exhibit "A-4" attached hereto.
4.11. The definition of Portfolio Coverage Ratio on Exhibit "B" is
hereby deleted in its entirety and replaced with the following:
"PORTFOLIO COVERAGE RATIO" shall mean, with respect to the Portfolio, the
ratio of (i) the Cash Flow of Tenant, plus the Cash Flow of the Other Tenants
for the applicable period, to (ii) Fixed Rent under this Lease, plus the Fixed
Rent under the Other Leases included in the
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Portfolio, and plus all other debt service and lease payments relating to the
Portfolio, for the applicable period, calculated on a trailing twelve (12) month
basis.
4.12. The definition of Fixed Rent on Exhibit "B" is hereby amended
by deleting the words "Three Million Two Hundred Seventy Two Thousand Three
Hundred Twenty-Two and No/100 Dollars per annum ($3,272,322.00)" and inserting
the words "Four Million Two Hundred Sixty Two Thousand Four Hundred Twenty-Eight
and No/100 Dollars per annum ($4,262,428.00)".
4.13. The definition of Legal Requirements on Exhibit "B" is hereby
amended by adding the following sentence at the end thereof::
", or (4) with respect to property known as Grand Court Tavares, relate to
the environmental protection of wetlands and/or surface water."
4.14. Exhibit "F" is deleted in its entirety and replaced with
Exhibit "F" attached hereto.
5. REPRESENTATIONS AND WARRANTIES OF TENANTS. Without limiting in any way
any representation or warranty in the Lease or any document executed in
connection therewith (collectively, the "LEASE DOCUMENTS"), each Tenant
represents and warrants that as of the date hereof:
5.1. ORGANIZATION AND GOOD STANDING. Each Tenant is duly organized,
validly existing and in good standing under the laws of the State of its
organization. Each Tenant is qualified to do business in and is in good standing
under the laws of the State in which the Facility leased by such Tenant is
located. Each Tenant has delivered true and complete copies of the documents,
certificates and agreements pursuant to which such Tenant is organized to do
business.
5.2. POWER OF AUTHORITY. Each Tenant has the power and authority to
execute, deliver and perform this Amendment and to make itself jointly and
severally liable for the obligations of each other Tenant. Each Tenant has taken
all requisite action necessary to authorize the execution, delivery and
performance of such Tenant's obligations under this Amendment.
5.3. CONSENTS. The execution, delivery and performance of this
Amendment will not require any consent, approval, authorization, order, or
declaration of, or any filing or registration with, any court, any Governmental
Authority, or any other Person.
5.4. NO VIOLATION. The execution, delivery and performance of this
Amendment (i) do not and will not conflict with, and do not and will not result
in a breach of, any Tenant Org Docs; and (ii) do not and will not violate any
order, writ, injunction, decree, statute, rule or regulation applicable to any
Tenant or any of the Facilities.
5.5. FULL AND ACCURATE DISCLOSURE. No statement of fact made by or
on behalf of Tenant in this Amendment or in any other document or certificate
delivered to Landlord by Tenant contains any untrue statement of a material fact
or omits to state any
3
material fact necessary to makes statements contained herein or therein not
misleading, including, without limitation, all of the financial information
delivered by any Tenant or Affiliate of Tenant prior or simultaneous to the
execution of this Amendment, all of which Tenant hereby acknowledges were relied
upon by Landlord in executing this Amendment. There is no fact presently known
to Tenant which has not been disclosed to Landlord which has a Material Adverse
Effect, nor as far as Tenant can foresee, might have a Material Adverse Effect.
5.6. ENFORCEABILITY. This Amendment constitutes a legal, valid and
binding obligation of Tenant, enforceable in accordance with its terms, subject
to applicable bankruptcy, insolvency and similar laws affecting rights of
creditors generally and general principles of equity.
5.7. NO DEFAULTS. To Tenant's actual knowledge, no Event of Default
or monetary default under the Lease or under any of the other Lease Documents
has occurred or with the passage of time, giving of notice or both will exist.
5.8. NO OFFSETS OR DEFENSES. Through the date of this Amendment, and
to Tenant's knowledge, Tenant neither has, nor claims any offset, defense,
claim, right of set-off or counterclaim against Landlord under, arising out of
or in connection with this Amendment, the Lease or any of the other Lease
Documents. In addition, Tenant covenants and agrees with Landlord that if any
offset, defense, claim, right of set-off or counterclaim exists of which Tenant
has knowledge as of the date of this Amendment, Tenant hereby irrevocably and
expressly waives the right to assert such matter.
5.9. DAMAGE OR INJURY. Since the date of the Original Lease, no
Leased Property has been materially injured or damaged by fire or other
Casualty.
5.10. CHANGE. Since the date of the Original Lease, no material
adverse change with respect to any Leased Property or Tenant has occurred.
5.11. REPRESENTATION AND WARRANTIES IN LEASE AGREEMENT. All of the
representations and warranties in Section 10.7 through 10.14, inclusive, in the
Original Lease are hereby made by each Additional Tenant, and all of the
representations and warranties in Article 10 of the Original Lease are hereby
re-made by each Existing Tenant, and are true and correct as of the date hereof.
6. TRANSACTIONS COSTS. Each Tenant agrees to pay on the date hereof all
costs and expenses incurred by Landlord in connection with this Amendment,
including, without limitation, all reasonable legal fees of Landlord's counsel
and travel costs. Each Tenant shall pay its respective costs and expenses
incurred in connection with this Amendment.
7. MODIFICATIONS. This Amendment may not be amended, modified or otherwise
changed in any manner except by a writing executed by all of the parties hereto.
8. SEVERABILITY. In case any provision of this Amendment shall be invalid,
illegal, or unenforceable, such provision shall be deemed to have been modified
to the extent necessary to make it valid, legal, and enforceable. The validity,
legality, and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.
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9. SUCCESSORS AND ASSIGNS. This Amendment applies to, inures to the
benefit of, and binds all parties hereof, their heirs, legatees, devisees,
administrators, executors, and permitted successors and assigns.
10. GOVERNING LAW. This Amendment was negotiated in the State of Illinois,
which State the parties agree has a substantial relationship to the parties and
to the underlying transaction embodied hereby. In all respects, the law of the
State of Illinois shall govern the validity of and enforceability of the
obligations of the parties set forth herein, but all provisions hereof relating
to the creation of the leasehold estate and remedies set forth in the Lease
shall be governed by the laws of the State in which each applicable Leased
Property that is the subject of dispute is located.
11. FULL FORCE AND EFFECT. The Lease Documents remain in full force and
effect. None of the representations, warranties or covenants contained herein
shall limit in any way any representation, warranty or covenant contained in any
Lease Document. This Amendment shall constitute a "Lease Document" as defined
herein.
12. AMENDMENT CONTROLLING. This Amendment is considered by the parties to
the Lease to be an integral part of such Lease. If there is any conflict between
the terms of the Lease and this Amendment, the terms of this Amendment shall
control. Except as expressly amended herein, all other terms, agreements, and
conditions of the Lease shall remain unmodified and in full force and effect.
13. COUNTERPARTS/FAX SIGNATURES. This Amendment may be executed in two or
more counterparts, any one of which need not contain the signatures of more than
one party, but all such counterparts when taken together will constitute one in
the same agreement. Confirmation of the execution of this Amendment by telex or
by telecopy or telefax of a facsimile page(s) executed by the parties shall be
binding upon the parties hereto.
[SIGNATURE PAGE TO FOLLOW]
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IN WITNESS WHEREOF, the parties have caused this First Amendment to Master
Lease Agreement to be executed as of the date first above written.
LANDLORD:
Witness: VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware
limited partnership
Name: /s/ Xxxxxxx X. Xxxxxxxx By: Ventas, Inc., a Delaware corporation
-----------------------
Name: /s/ Xxxx X. Xxxxx By: /s/ T. Xxxxxxx Xxxxx
--------------------- ---------------------------------------
Name: T. Xxxxxxx Xxxxx
Title: Executive Vice President and
General Counsel
TENANT:
Witness: BLC XXXXXX-XX, LLC,
a Delaware limited liability company
Name: /s/ Xxxxx X. Xxxxx
---------------------
By: /s/ R. Xxxxxxx Xxxxx
---------------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Xxxxxxx Xxxxxxxxx Its: Vice President
---------------------
Witness: BLC ALBUQUERQUE-GC, LLC,
a Delaware limited liability company
Name: /s/ Xxxxx X. Xxxxx
---------------------
Name: /s/ Xxxxxxx Xxxxxxxxx By: /s/ R. Xxxxxxx Xxxxx
--------------------- ---------------------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
Witness: BLC BRISTOL-GC, LLC,
a Delaware limited liability company
Name: /s/ Xxxxx X. Xxxxx
---------------------
Name: /s/ Xxxxxxx Xxxxxxxxx By: /s/ R. Xxxxxxx Xxxxx
--------------------- ---------------------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
Witness: BLC DAYTON-GC, LLC,
a Delaware limited liability company
Name: /s/ Xxxxx X. Xxxxx
--------------------
Name: /s/ Xxxxxxx Xxxxxxxxx By: /s/ R. Xxxxxxx Xxxxx
--------------------- ---------------------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
Witness: BLC FORT XXXXX-GC, LLC,
a Delaware limited liability company
Name: /s/ Xxxxx X. Xxxxx
---------------------
Name: /s/ Xxxxxxx Xxxxxxxxx By: /s/ R. Xxxxxxx Xxxxx
--------------------- ---------------------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
Witness: BLC XXXXXXX-GC, LLC,
a Delaware limited liability company
Name: /s/ Xxxxx X. Xxxxx
---------------------
Name: /s/ Xxxxxxx Xxxxxxxxx By: /s/ R. Xxxxxxx Xxxxx
--------------------- ---------------------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
GUARANTOR HEREBY AGREES AND CONSENTS TO THIS FIRST AMENDMENT TO MASTER LEASE
AGREEMENT:
GUARANTOR:
BROOKDALE LIVING COMMUNITIES, INC.,
a Delaware corporation
Witness:
By: /s/ R. Xxxxxxx Xxxxx
-------------------------------------------
Name: /s/ Xxxxx X. Xxxxx Name: R. Xxxxxxx Xxxxx
_____________________ Title: Executive Vice-President, Chief
Financial Officer and Treasurer
Name: /s/ Xxxxxxx Xxxxxxxxx
_____________________
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Xxxxxx-XX, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
___________________________________
Notary Public in and for the State
of Illinois residing at
Chicago, IL
___________________________________
My Commission Expires: 5/16/07
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Albuquerque-GC, LLC,
a Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
___________________________________
Notary Public in and for the State
of Illinois residing at
Chicago, IL
___________________________________
My Commission Expires: 5/16/07
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Dayton-GC, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
___________________________________
Notary Public in and for the State
of Illinois residing at
Chicago, IL
___________________________________
My Commission Expires: 5/16/2007
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Fort Xxxxxx-GC, LLC,
a Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
___________________________________
Notary Public in and for the State
of Illinois residing at
Chicago, IL
___________________________________
My Commission Expires: 05/16/07
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Xxxxxxx-GC, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
___________________________________
Notary Public in and for the State
of Illinois residing at
Chicago, IL
___________________________________
My Commission Expires: 05/16/07
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Bristol-GC, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
-----------------------------------
Notary Public in and for the State
of Illinois residing at Chicago, IL
-----------------------------------
My Commission Expires: 5/16/07
State of Illinois )
) ss:
County of Xxxx )
On this 19 day of February, 2004, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Executive Vice-President of BROOKDALE LIVING
COMMUNITIES, INC., a Delaware corporation, the entity that executed the
foregoing instrument, and acknowledged the said instrument to be the free and
voluntary act and deed of said entity, for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
-----------------------------------
Notary Public in and for the State
of Illinois residing at Chicago, IL
-----------------------------------
My Commission Expires: 5/16/07
State of Kentucky )
) ss:
County of Jefferson)
On this 10 day of February, 2004, before me personally appeared T.
Xxxxxxx Xxxxx, to me known to be the Vice-President of VENTAS REALTY, LIMITED
PARTNERSHIP, a Delaware limited partnership, the entity that executed the
foregoing instrument, and acknowledged the said instrument to be the free and
voluntary act and deed of said entity, for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxxx X. Xxxxx
-----------------------------------
Notary Public in and for the State
of Kentucky residing at Louisville,
Kentucky
My Commission Expires: 11/26/06
SCHEDULE 1
FACILITY, TENANT, PRIMARY INTENDED USE, IL UNITS, AL UNITS, TOTAL UNITS
FACILITY TENANT PRIMARY INTENDED USE IL UNITS AL UNITS TOTAL UNITS
----------- --------------- ---------------------------- -------- -------- -----------
ADRIAN BLC Xxxxxx-XX, Assisted living facility and 51 52 103
LLC senior independent living
facility.
ALBUQUERQUE BLC Assisted living facility and 140 60 200
Albuquerque-GC, senior independent living
LLC facility.
BRISTOL BLC Bristol-GC, Assisted living facility and 54 44 98
LLC senior independent living
facility.
DAYTON BLC Dayton-GC, Assisted living facility and 130 55 185
LLC senior independent living
facility.
FT. XXXXX BLC Fort Senior independent living 185 0 185
Xxxxx-GC, LLC facility.
TAVARES BLC Xxxxxxx-GC, Assisted living facility and 59 35 94
LLC senior independent living
facility.
Schedule 1
SCHEDULE 2
INITIAL ALLOCATED RENT AND INITIAL MINIMUM OPTION PURCHASE PRICE
INITIAL ANNUAL ALLOCATED INITIAL MINIMUM OPTION
FACILITY RENT PURCHASE PRICE
----------------------- ------------------------ ----------------------
Adrian, Michigan $ 544,388.00 $ 5,885,000.00
Albuquerque, New Mexico $ 1,076,267.00 $ 11,635,000.00
Bristol, Virginia $ 610,558.00 $ 6,601,000.00
Dayton, Ohio $ 333,306.00 $ 3,603,000.00
Ft. Xxxxx, Florida $ 1,316,361.00 $ 14,231,000.00
Tavares, Florida $ 381,548.00 $ 4,125,000.00
--------------- ---------------
TOTALS $ 4,262,428.00 $ 46,080,000.00
=============== ===============
Schedule 2
SCHEDULE 3.5
CAPITAL REPAIR ITEMS
CAPITAL REPAIR ITEMS ALLOWANCE AMOUNT
-------------------- ----------------
ADRIAN, MICHIGAN
1. None 1. $ 0
ALBUQUERQUE, NEW MEXICO
1. Heat pump replacements and cooling tower 1. $ 11,000.00
upgrades
2. Replacement of some kitchen appliances 2. $ 13,125.00
TOTAL: $24,125.00
BRISTOL, VIRGINIA
1. Roof leaks reported and needing repaired 1. $ 6,250.00
DAYTON, OHIO
1. Repair asphalt and concrete, reseal asphalt 1. $ 14,843.75
2. Replace original portion of roof over next 2 2. $ 46,378.75
years
3. Replace common area FF&E 3. $ 9,375.00
4. Reattach meters and switch gear 4. $ 1,250.00
TOTAL: $71,847.50
FT. XXXXX, FLORIDA
1. Replace roof and roof membranes due to roof leaks 1. $ 50,000.00
over a period of years
TAVARES, FLORIDA
1. None 1. $ 0
TOTAL $152,222.50
===========
Schedule 3.5
SCHEDULE 7.3
AUTHORIZATION COLLATERAL
1. License issued by Michigan Family Independence Agency, Office of Children
& Adult Licensing for a home for the aged, capacity 66, to BLC Xxxxxx-XX,
LLC
2. License issued by Ohio Department of Health for Residential Care Facility,
capacity 83, to BLC-Dayton-GC, LLC
3. License issued by New Mexico Department of Health for Adult Residential
Shelter Care Home, capacity 100, to BLC Albuquerque-GC, LLC
4. License issued by Virginia Department of Social Services for an Assisted
Living Facility, capacity 125, to BLC Bristol GC, LLC
5. License issued by the Florida Agency for Health Care Administration for an
Assisted Living Facility, capacity 65, to BLC Xxxxxxx - GC LLC
Schedule 7.3
SCHEDULE 8.2.7
NONCOMPLIANCE WITH CERTAIN LEGAL AND INSURANCE REQUIREMENTS
NONE
Schedule 8.2.7
EXHIBIT A
LEASED PROPERTY ADDRESSES
PROPERTY NAME: PROPERTY ADDRESS
The Grand Court 0000 Xxxxxxxxx Xxxxx, Xxxxxx (Xxxxxxx Xxxxxx), Xxxxxxxx
Adrian
The Grand Court 000 Xxxxxxxx Xxxxx XX, Xxxxxxxxxxx (Xxxxxxxxxx Xxxxxx), Xxx Xxxxxx
Albuquerque
The Grand Court One Liberty Place, Bristol (Washington County), Xxxxxxxx
Xxxxxxx
The Grand Court 000 Xxxxxx Xxx, Xxxxxx (Xxxxxxxxxx and Xxxxxx Counties), Ohio
Dayton
The Grand Court Fort 0000 Xxxxxxx Xxxxxxx, Xxxx Xxxxx (Xxx Xxxxxx), Xxxxxxx
Xxxxx
The Grand Court 0000 Xxxxxxxx Xxxxxx Xxxx, Xxxxxxx (Xxxx Xxxxxx), Xxxxxxx
Tavares
Exhibit A
EXHIBIT A-5
LEGAL DESCRIPTION (BRISTOL)
TRACT 1: BEGINNING at a point on the southern right-of-way line of Bristol
View Drive, corner to property of Xxxxxx; thence with the right-of-way line of
Bristol View Drive N 60 degrees 01' E 597.63 feet to a point, corner to property
of Xxxxxxx; thence with the line of Xxxxxxx S 48 degrees 58' E 301.07 feet to a
point, corner to Tract 2; thence with the line of Tract 2 S 47 degrees 51' 30" E
121.48 feet to a point marked by an axle, corner to property of Cuba; thence
with the line of the property of Cuba the following two courses: (1) S 62
degrees 54' W 117.46 feet to an iron pin, then (2) S 27 degrees 41' 30" E 49.78
feet to an iron pin, corner to property of Blacky; thence with the line of
property of Blacky S 60 degrees 43; 40" W 78.53 feet to an iron pin, corner to
property of Xxxxx; thence with the line of property of Xxxxx on two courses (1)
S 62 degrees 22' 20" W 107.12 feet to an axle, then (2) S 38 degrees 14' 20" E
50.60 feet to an iron pin, corner to property of Xxxxxx, the same being Xxx 0,
Xxxxx 0, Xxxxxxxxx Xxxxxxxxxxx; thence with the northwestern line of Xxxx 0, 0,
xxx 0, Xxxxx 0, Xxxxxxxxx Subdivision S 61 degrees 58' 10" W 216.53 feet to a
pin, corner to Xxxx 0 xxx 0, Xxxxx 0, Xxxxxxxxx Xxxxxxxxxxx; thence with the
northwestern line of Xxx 0, Xxxxx 0, Xxxxxxxxx Xxxxxxxxxxx X 62 degrees 18' 30"
W 51.94 to a post, common corner to Xxxx 0 xxx 0, Xxxxx 0, Xxxxxxxxx Subdivision
and corner to property of Xxxxxx; thence with the line of property of Xxxxxx N
49 degrees 11' 10" W 507.63 feet to a point, the same being the point of
Beginning, containing 269,200.8 square feet (6.18 acres +/-).
TRACT 2: BEGINNING at a point on the northeastern line of Tract 1, corner
to property of Xxxxxxx; thence with the line of the property of Xxxxxxx N 50
degrees 03' 30" E 133.03 feet to an iron pin, corner to Tract 3; thence with the
line of Tract 3 the following three courses: (1) S 19 degrees 36' 40" E 187.00
feet to a point, then (2) N 50 degrees 03' 30" E 74.00 feet to an iron pin, then
(3) S 49 degrees 36' 49" E 92.88 feet to a point, the northern corner of Xxx 00,
Xxxxx 0, Xxxxxxxxx Xxxxxxxxxxx; thence with the northwestern line of said Xxx 00
X 00 degrees 38' 40" W 76.00 feet to a point, common corner to Lots 12 and 13,
Block 1 of said subdivision; thence with the northwestern line of Lots 11 and
12, Block 1 of said subdivision S 63 degrees 00' 50" W 152.06 feet to a point,
common corner to Xxxx 00 xxx 00, Xxxxx 0 xx xxxx xxxxxxxxxxx, xxxxxx xx Xxxx;
thence with the line of Cuba and with the line of Tract 1 N 47 degrees 51' 30" W
228.00 feet (passing an axle at 106.52 feet) to a point, the same being the
point of Beginning, containing 45, 563.76 square feet (1.046 acres +/-).
TRACT 3: BEGINNING at an iron pin, corner to Lot 2 and in the line of
Xxxxxxx, thence with the line of Xxxxxxx, N 50 degrees 03' 30" E 140.00 feet to
an iron pin, corner to Xxxxxxx and in the line of Xxxxxxx; thence with the line
of Xxxxxxx S 49 degrees 36' 40" E 290.00 feet to a locust xxxxx in the
northwestern line of Xxx 0, Xxxxx 0, Xxxxxxxxx Xxxxxxxxxxx; thence with the line
of said Lot 1 S 58 degrees 25' W 18.54 feet to an iron pin, corner to the
terminus of a 50 feet street; thence with the line of the terminus of said 50
feet street S 59 degrees 16' 25" W 50.00 feet to a point, corner to Tract 2 and
the northern corner of Xxx 00, Xxxxx 0, Xxxxxxxxx Xxxxxxxxxxx; thence with the
line of said Tract 2 the following three courses: (1) N 49 degrees 36' 40" W
92.88 feet to an iron pin, then (2) S 50 degrees 03' 30" W 74.00 feet to a
point, then (3) N 49 degrees 36' 40" W 187.00 feet to an iron pin, the same
being the point of Beginning,
Exhibit A-5-1
containing 25,847.64 square feet (0.594 acres +/-).
Of Tract 3 above described, a certain portion thereof has been and is
hereby dedicated as a 50 foot right-of-way for the use and benefit of Tracts 1
and 2 above described, which right-of-way area shall constitute a non-exclusive
easement for ingress, egress and regress, including the right to maintain
roadways and landscaping thereon together with the installation and maintenance
of utilities, both above and below ground, which right-of-way area is more
specifically described as follows:
BEGINNING at a point, corner to Tract 2 and the northern corner of Xxx 00,
Xxxxx 0, Xxxxxxxxx Subdivision and the northwestern terminus of a 50 foot
street, thence with the line of Tract 2 N 49 degrees 36' 40" W 92.88 feet to an
iron pin; thence leaving the line of Tract 2 and a new line bi-secting Tract 3
as follows: (1) N 59 degrees 16' 25" E 50.00 feet to a point, thence (2) S 49
degrees 36' 40" E 92.88 feet to an iron pin, corner to Xxxx 0, Xxxxx 0,
Xxxxxxxxx Subdivision and the northeastern corner of the terminus of a 50 foot
street; thence with the line of terminus of said 50 foot street S 59 degrees 16'
25" W 50.00 feet to a point, the same being the point of Beginning.
The above descriptions were taken from a plat prepared by Xxxxx X.
Xxxxxxxx, Certified Land Surveyor, said plat being entitled "Bristol House,
Bristol Virginia" and being dated September 8, 1984.
TRACT 1 being the same property conveyed to Bristol House, Ltd. by deed
from X.X. Xxxxxx, et al. dated September __, 1984, recorded in the Office of the
Circuit Court Clerk for the City of Bristol, Virginia in Deed Book 242, at page
46.
TRACTS 2 and 3 being the same property conveyed to Bristol House, Ltd. by
deed of Xxxxxx Xxxxxx XxXxxxxxx, et ux. dated September 6, 1984 and recorded in
the Office of the Clerk of the Circuit Court for the City of Bristol, Virginia
in Deed Book 241, page 419.
Exhibit X-0-0
XXXXXXX X-0
LEGAL DESCRIPTION (TAVARES)
Lots 16 and 17, less: Begin at the Northwesterly corner of Lot 17, run thence
East along the North line of Lot 17, for 80 feet, run thence Southeasterly for
520.52 feet to a point on the South line of said Lot 17 that is 164.3 feet East
of the Southwest corner of said Xxx 00, xxx xxxxxx Xxxx xxxxx Xxxxx line of said
Lot 17 for 164.3 feet to the Southwest corner of said Lot 17, run thence
Northerly along Westerly line of Lot 17, for 513.19 feet to the Point of
Beginning, also less: Begin at the Southeast corner of Lot 16 and run West along
the South line thereof 60 feet, thence North and parallel to the East line of
Lot 16 for 42.82 feet, thence East and parallel to the South line of Lot 16 for
60 feet to the East line of Lot 16, thence South along said East line 42.82 feet
to the Point of Beginning, all lying and being in Alex St. Xxxxx Xxxxx'x
Extension to the City of Tavares, Florida, according to the plat thereof
recorded in Plat Book 1, page 53, Public Records of Lake County, Florida. Said
Lots 16 and 17 are sometimes referred to as Blocks 16 and 17.
Said property is also described as follows:
Commence at the Southwest corner of Xxx 00, Xxxx Xx. Xxxxx Xxxxx'x Extension to
the City of Tavares, Florida as recorded in Plat Book 1, Page 53, Public Records
of Lake County, Florida; thence S89 degrees 18'00"E along the South line of said
Lot 17 and the North right of way line of East Xxxxxxxx Street, a distance of
164.30 feet for a Point of Beginning; thence N08 degrees 39'03"W a distance of
519.98 feet to a point on the North line of said Lot 17, being 80.00 feet, S89
degrees 02'15"E of the Northwesterly corner of said Lot 17; thence S89 degrees
02'15"E along the North line of said Xxx 00 xxx Xxx 00 xx xxxx Xxxx Xx. Xxxxx
Xxxxx'x Extension to the City of Xxxxxxx, a distance of 693.77 feet to the
Northeast corner of said Lot 16; thence S00 degrees 40'25"W along the East line
of said Lot 16, a distance of 467.08 feet; thence N89 degrees 18'00"W a distance
of 60.00 feet; thence S00 degrees 40'25"W a distance of 42.82 feet to a point on
the South line of said Lot 16 and the North right of way line of East Xxxxxxxx
Street; thence N89 degrees 18'00"W along the South line of said Lots 16 and 17
and the North right of way line of East Xxxxxxxx Street, a distance of 549.51
feet to the Point of Beginning.
Containing 7.59 acres, more or less.
Exhibit A-6
EXHIBIT F
LIST OF PROPERTY MANAGEMENT CONTRACTS
1. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Xxxxxx-XX, LLC and Brookdale Living
Communities-GC, LLC.
2. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Albuquerque-GC, LLC and Brookdale Living
Communities-GC, LLC.
3. Exclusive Property Management and Leasing Agreement dated as of the date
hereof, by and between BLC Bristol-GC, LLC and Brookdale Living
Communities-GC, LLC.
4. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Dayton-GC, LLC and Brookdale Living
Communities-GC, LLC.
5. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Fort Xxxxx-GC, LLC and Brookdale Living
Communities-GC, LLC.
6. Exclusive Property Management and Leasing Agreement dated as of the date
hereof, by and between BLC Xxxxxxx-GC, LLC and Brookdale Living
Communities-GC, LLC.
Exhibit F
