Execution Copy
ASSUMPTION AND REIMBURSEMENT AGREEMENT (CNL)
This ASSUMPTION AND REIMBURSEMENT AGREEMENT (this "Agreement") is made
effective as of March 28, 2003, by and among MARRIOTT INTERNATIONAL, INC., a
Delaware corporation ("Marriott Parent"), MARRIOTT CONTINUING CARE, LLC, a
Delaware limited liability company ("MCC" and, together with Marriott Parent,
"Assignors"), CNL RETIREMENT PROPERTIES, INC., a Delaware corporation ("CNL
Parent"), CNL Retirement MA3 Pennsylvania, LP, a Delaware limited partnership
("PA Assignee"), and CNL Retirement MA3 Virginia, LP, a Delaware limited
partnership ("VA Assignee" and, together with PA Assignee, "Operating
Assignees;" Operating Assignees and CNL Parent, collectively, "Assignees").
RECITALS
A. On the date hereof, pursuant to a Purchase and Sale Agreement dated
as of December 20, 2002 by and among MCC (as Seller), CNL Retirement MA3, LP, a
Delaware limited partnership, or assigns (as Purchaser), Marriott Parent and CNL
Parent (as amended or modified from time to time, the "Real Estate Purchase
Agreement"), the VA Assignee is purchasing from MCC the senior living facility
located in Ft. Belvoir, Virginia more specifically described in Exhibit A-1
attached hereto (the "Fairfax") and PA Assignee is purchasing the senior living
facility located in Haverford, Pennsylvania more specifically described in
Exhibit A-2 attached hereto (the "Quadrangle," and collectively with the
Fairfax, the "Facilities"); and, pursuant to a Stock Purchase Agreement dated as
of December 30, 2002 by and among Marriott Parent, Sunrise Assisted Living, Inc.
("Sunrise") and certain affiliates of Marriott Parent (as amended or modified
from time to time, the "Stock Purchase Agreement"), Sunrise is acquiring all of
the issued and outstanding stock of Marriott Senior Living Services, Inc., a
Delaware corporation to be renamed Sunrise Senior Living Services, Inc. (the
"Company") and, indirectly through the Company, all of the issued and
outstanding stock of MCC (capitalized terms used and not defined herein shall
have the meanings given them in the Real Estate Purchase Agreement);
B. Each of MCC, Company (as predecessor to MCC) and Marriott Retirement
Communities - Haverford, Inc. (as predecessor to Company and MCC) have from time
to time issued to residents of the Quadrangle and to certain other Persons in
connection with continuing care arrangements at the Quadrangle obligations known
as "Lifecare Bonds" as more specifically described on Schedule 1 hereto (the
"Outstanding Quadrangle Bonds");
C. Each of MCC, Company (as predecessor to MCC) and Marriott Retirement
Communities - Fairfax, Inc., as predecessor to Company and MCC, have from time
to time issued to residents of the Fairfax and to certain other Persons in
connection with continuing care arrangements at the Fairfax obligations known as
"Lifecare Bonds" as more specifically described on Schedule 2 hereto (the
"Outstanding Fairfax Bonds" and, together with the Outstanding Quadrangle Bonds,
the "Outstanding Bonds");
D. Pursuant to the Lifecare Agreements of Undertaking set forth on
Schedule 3 hereto (the "Lifecare Undertakings"), Marriott Parent has agreed to
provide all financial and other support that may be required to comply with
obligations under "Lifecare Bonds" issued in respect of the Facilities
("Lifecare Bonds") and continuing care agreements entered into in respect of the
Facilities ("Continuing Care Agreements");
E. Pursuant to the Host Marriott Indemnity Agreement, dated as of
October 8, 1993, among Marriott International, Inc., Marriott Senior Living
Services, Inc., Marriott Corporation, HMC Retirement Properties, Inc. and HMH
Properties, Inc. (the "Host Marriott Indemnity Agreement," and, together with
the Lifecare Undertakings, the "Parent Lifecare Agreements"), Marriott Parent
has agreed to indemnify and hold harmless Host Marriott Corporation from and
against liabilities in respect of Continuing Care Agreements and Lifecare Bonds;
F. Pursuant to the Real Estate Purchase Agreement, PA Operating
Assignee and VA Operating Assignee respectively have agreed to assume and
perform all of the obligations of MCC in respect of the Outstanding Quadrangle
Bonds and the Outstanding Fairfax Bonds respectively; and CNL Parent has agreed
to assume all of the financial obligations of Marriott Parent under the Parent
Lifecare Agreements and to indemnify and reimburse Marriott Parent as provided
herein;
G. Pursuant to the Real Estate Purchase Agreement, contemporaneous with
the execution and delivery hereof, VA Operating Assignee is entering into a Deed
of Trust, Assignment of Rents and Security Agreement dated as of the date hereof
granting to Marriott Parent a lien on and security interest in the Fairfax as
security for the obligations of Assignees to Marriott Parent hereunder (the "VA
Deed of Trust") and PA Operating Assignee is entering into a Mortgage,
Assignment of Rents and Security Agreement dated as of the date hereof granting
to Marriott Parent a lien on and security interest in the Quadrangle as security
for the obligations of Assignees to Marriott Parent hereunder (the "PA Mortgage"
and with the VA Deed of Trust, collectively, the "Mortgages");
H On the date hereof, MCC and Operating Assignees are entering into
certain lease agreements in respect of the Facilities (collectively, the
"Operating Agreements"), and, pursuant thereto, from and after the Closing,
Lifecare Bonds will be issued by MCC or another Affiliate of Sunrise, Continuing
Care Agreements will be entered into by MCC or another Affiliate of Sunrise, and
CNL Parent will provide financial support in respect thereof; and
I. Assignors and Assignees desire to confirm the foregoing assumptions
and agreements, and to provide certain related assurances; and MCC and Operating
Assignees desire to consent to the assumption by CNL Parent of Marriott Parent's
financial obligations with respect to the Parent Lifecare Undertakings, all on
the terms and conditions set forth herein.
AGREEMENT
NOW, THEREFORE, in consideration of the premises, the agreements and
covenants herein contained and other valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Assignment.
(a) MCC hereby assigns to VA Operating Assignee all of the
obligations, liabilities, duties and covenants to be performed by MCC or any
Affiliate of MCC after the date hereof under or in respect of each of the
Outstanding Fairfax Bonds (the "Assumed Fairfax Obligations").
(b) MCC hereby assigns to PA Operating Assignee all of the
obligations, liabilities, duties and covenants to be performed by MCC or any
Affiliate of MCC after the date hereof under or in respect of each of the
Outstanding Quadrangle Bonds (the "Assumed Quadrangle Obligations" and, together
with the Assumed Fairfax Obligations, the "Assumed Operating Obligations").
(c) Marriott Parent hereby assigns to CNL Parent and the Operating
Assignees, as joint and several obligors, all of the financial obligations,
liabilities, duties and covenants to be performed by Marriott Parent or any
Affiliate of Marriott Parent after the date hereof under each of the Lifecare
Undertakings and, to the extent related to Lifecare Bonds or Continuing Care
Agreements, the Host Marriott Indemnity Agreement (collectively, the "Assumed
Parent Obligations" and, together with the Assumed Operating Obligations, the
"Assumed Obligations"). For the avoidance of doubt, (i) the parties acknowledge
that, pursuant to the Operating Agreements, the management and operation of the
Facilities from and after the Closing, including the provision of living
accommodations, facilities, services and programs provided for in the Continuing
Care Agreements, will be the exclusive responsibility of MCC and/or its
Affiliates, and (ii) without limiting the obligation of Assignees to (x) provide
financial support in respect of Lifecare Bonds and Continuing Care Agreements,
(y) reimburse and indemnify Marriott Parent in accordance with the terms hereof,
and (z) provide for operation of the Facilities by entities not affiliated with
CNL Parent pursuant to the Operating Agreements or successor leases, management
agreements, operating agreements or contracts, the parties agree that nothing in
this Agreement shall obligate CNL Parent or its Affiliates to provide directly
the living accommodations, facilities, services and programs provided for in the
Continuing Care Agreements.
2. Assumption. Each Assignee hereby (i) accepts the foregoing
assignment to such Assignee, (ii) irrevocably assumes each of the Assumed
Obligations assigned to such Assignee, (iii) unconditionally agrees to pay or
otherwise discharge the Assumed Obligations assigned to such Assignee when and
as the same may be due, and (iv) consents to each other assignment and
assumption hereunder.
3. Reimbursement and Indemnification.
(a) Reimbursement.
(i) Each Operating Assignee unconditionally promises and
agrees that, if at any time MCC or any of its Affiliates (i) pay any amounts
under or in respect of any Assumed Operating Obligation assumed by such
Operating Assignee or otherwise incurs any expenses in connection with any such
Assumed Operating Obligation (including without limitation payment of any fees,
costs or expenses of a Lifecare Bond holder) or (ii) pay any amounts in respect
of Lifecare Bonds pursuant to Section 3.4 of either Operating Agreement
(collectively, the "Operating Assignee Reimbursement Obligations"), such
Operating Assignee shall pay to MCC an amount equal to all amounts so paid and
all other costs or expenses so incurred no later than fifteen (15) Business Days
after receipt from MCC of Quarterly Reports setting forth the Operating Assignee
Reimbursement Obligations in accordance with the Operating Agreements. Any
Operating Assignee Reimbursement Obligations not paid when due hereunder shall
bear interest from the date of payment by MCC or its Affiliate until paid in
full at a floating rate equal to the Prime Rate (defined below) plus two percent
(2%), but not to exceed a rate of eight percent (8%). All payments of Operating
Assignee Reimbursement Obligations, together with any interest thereon, shall be
made without setoff, counterclaim or other defense, and shall be made in lawful
money of the United States of America, in same day funds, at such place as MCC
shall direct. All such payments shall be credited first to interest due, if any,
and then to the principal of the Operating Assignee Reimbursement Obligations.
(ii) CNL Parent and each Operating Assignee jointly and
severally unconditionally promise and agree that, if at any time Marriott Parent
or any of its Affiliates pay any amounts under or in respect of any Assumed
Obligation or otherwise in respect of any Lifecare Bonds (whether issued prior
to or on or after the date hereof) or Continuing Care Agreements (whether
entered into prior to or on or after the date hereof) (including without
limitation any payment directly to a Current Lifecare Beneficiary) or otherwise
incur any expenses in connection with any such Assumed Parent Obligation,
Lifecare Bond or Continuing Care Agreement (including without limitation payment
of any fees, costs or expenses of a Current Lifecare Beneficiary) (collectively,
the "Parent Reimbursement Obligations"), Assignees shall pay to Marriott Parent
an amount equal to all amounts so paid and all other costs or expenses so
incurred no later than two (2) Business Days after receipt from Marriott Parent
of notice thereof accompanied by written evidence of such payment or incurrence
by Marriott Parent or its Affiliates. Any Parent Reimbursement Obligations not
paid when due hereunder shall bear interest from the date of payment by Marriott
Parent or its Affiliate until paid in full at a floating rate equal to the Prime
Rate plus two percent (2%). All payments of Parent Reimbursement Obligations,
together with any interest thereon, shall be made without setoff, counterclaim
or other defense, and shall be made in lawful money of the United States of
America, in same day funds, at such place as Marriott Parent shall direct. All
such payments shall be credited first to interest due, if any, and then to the
principal of the Parent Reimbursement Obligations.
(iii) "Prime Rate" means the rate that Citibank, N.A.
(or any successor entity) publishes from time to time as its prime lending rate,
as in effect from time to time.
(b) Performance by Assignees.
(i) Without limiting the foregoing, if at any time
Marriott Parent or any of its respective Affiliates become obligated to pay any
amounts under, or any fees, costs or expenses relating to, or otherwise to
perform any obligations under, any Assumed Parent Obligation, Lifecare Bond or
Continuing Care Agreement, then, promptly upon notice thereof from Marriott
Parent, CNL Parent shall, or shall cause one or both Operating Assignees to,
make any payments required to be made and perform any other obligation required
to be performed by Marriott Parent or any of its respective Affiliates.
(ii) Without limiting the foregoing, if at any time MCC
or any of its respective Affiliates become obligated to pay any amounts under,
or any fees, costs or expenses relating to, or otherwise to perform any
obligations under, any Lifecare Bond, then, promptly upon notice thereof from
MCC, the applicable Operating Assignee shall make any payments required to be
made and perform any other obligation otherwise required to be performed by MCC
or any of its respective Affiliates.
(c) Indemnification.
(i) Assignees, jointly and severally, shall indemnify,
defend and hold harmless Marriott Parent and its directors, officers, employees,
Affiliates, agents and assigns from and against Indemnifiable Losses (as defined
below) relating to, resulting from or arising out of the Assumed Parent
Obligations, any Lifecare Bond (whether issued prior to or on or after the date
hereof) or Continuing Care Agreement (whether entered into prior to or on or
after the date hereof), any failure of any Assignee to perform, pay, discharge
or otherwise comply with the Assumed Obligations or any other breach or
non-performance of the obligations of any Assignee hereunder.
(ii) "Indemnifiable Loss" means any cost, damage,
disbursement, expense, liability, monetary obligation, loss, deficiency, penalty
or settlement of any kind or nature, including reasonable legal, accounting and
other professional fees and expenses and amounts paid in settlement or incurred
in connection with the investigation or defense of any third party claim, that
are actually imposed on or otherwise actually incurred or suffered from time to
time by the specified Person.
4. Obligations Absolute. The obligations of each Assignee to Marriott
Parent under this Agreement shall be absolute and unconditional, under any and
all circumstances, and shall not be diminished, discharged or affected by any
circumstance, act or omission whatsoever, including without limitation any of
the following, whether known or unknown to either of the Assignors:
(a) the invalidity or unenforceability of, or any defect in, this
Agreement, any Lifecare Undertaking, Lifecare Bond or Continuing Care Agreement,
the Host Marriott Indemnity Agreement or any other agreement or instrument;
(b) any amendment to or waiver of any Lifecare Bond or any
Continuing Care Agreement after the date hereof;
(c) any action taken or omitted by any Assignee, the Company, MCC
or any Current Lifecare Beneficiary;
(d) any lack of authority or alleged lack of authority of any
Person specified in clause (c) above or any Person purporting to act on behalf
of any such Person;
(e) the existence of any claim, set-off, defense or other right
which any Assignee, any of its Affiliates, either Assignor, or any beneficiary
of or party to a Lifecare Bond or Continuing Care Agreement, on the one hand,
may have at any time against either Assignor, any beneficiary of or party to a
Lifecare Bond or Continuing Care Agreement or any other Person, on the other
hand, whether in connection with this Agreement, any of the Assumed Obligations,
the Lifecare Bonds or the Continuing Care Agreements or the transactions
referred to herein or therein or in connection with any unrelated transaction;
(f) any certificate, draft, demand or other document presented in
connection with any Assumed Obligation, Lifecare Undertaking, Lifecare Bond or
Continuing Care Agreement proving to be forged, fraudulent, invalid,
insufficient, unauthorized or uncollectable in any respect, or any statement
therein (including any statement with respect to amount) proving (or being
alleged) to be untrue or inaccurate in any respect whatsoever;
(g) any irregularity in this Agreement, or any irregularity
(including fraud) in any Lifecare Undertaking or Lifecare Bond or Continuing
Care Agreement or by any beneficiary of or party to a Lifecare Bond or
Continuing Care Agreement;
(h) any breach of contract involving any Person specified in
clause (c) above or any other Person;
(i) any consequence of compliance with any applicable
constitutional provision, statute, law, rule, regulation, ordinance or
interpretation of any governmental entity or any award, decision, verdict,
subpoena, decree, injunction, judgment, order, ruling, assessment or writ
issued, made or rendered by an arbitrator or governmental entity (collectively
"Laws");
(j) any act or omission by Marriott Parent or by any beneficiary
of or party to a Lifecare Bond or Continuing Care Agreement, done or omitted
pursuant to an order of any court; or
(k) any other circumstance or happening whatsoever, whether or not
similar to any of the foregoing, including, without limitation, any other
circumstance that might otherwise constitute a defense available to, or a
discharge of, any Assignee, except for circumstances resulting directly from the
gross negligence or willful misconduct of Marriott Parent or, only to the extent
occurring prior to the date hereof, MCC.
Each Assignee acknowledges and agrees that it will derive substantial
direct and indirect benefits by reason of Marriott Parent continuing to be a
party to the Lifecare Undertakings, and that all obligations of Assignees to
Marriott Parent hereunder shall be joint and several irrespective of whether any
applicable Assumed Obligation relates to the Fairfax or the Quadrangle. Neither
the joint and several liability of, nor the liens granted to Marriott Parent
under the Mortgages by, any Assignee shall be impaired or released by (i) the
failure of either Assignor to assert any claim or demand or to exercise or
enforce any right, power or remedy against any Assignee or any of its
Affiliates, any other Person or otherwise; (ii) any extension or renewal for any
period (whether or not longer than the original period) of any Lifecare Bonds or
Continuing Care Agreements or the release or compromise of any obligation of any
Person with respect thereto; (iii) the surrender, release or exchange of all or
any part of any property securing payment, performance and/or observance of any
of the Parent Reimbursement Obligations or the compromise or extension or
renewal for any period (whether or not longer than the original period) of any
obligations of any Person with respect to any such property; or (iv) any other
act, matter or thing that would or might, in the absence of this provision,
operate to release, discharge or otherwise prejudicially affect the obligations
of each Assignee.
5. Additional Agreements in respect of Lifecare Undertakings.
(a) Solely with respect to Persons who, as of the date hereof, (i)
hold a Lifecare Bond issued in respect of a Facility, as set forth on Schedules
1 and 2 hereto, or (ii) are resident at a Facility and party to a Continuing
Care Agreement (collectively, "Current Lifecare Beneficiaries"), and without
limiting the obligations of Assignees and MCC hereunder and under the Operating
Agreements, Marriott Parent shall remain secondarily liable to MCC for financial
obligations arising under the Lifecare Undertakings; provided that Assignees,
jointly and severally, shall be primarily liable with respect to such Current
Lifecare Beneficiaries, and MCC (and, if applicable, Operating Assignees) shall
at all times proceed first against CNL Parent (or an Operating Assignee) for the
performance of all obligations under the Lifecare Undertakings or otherwise in
respect of the Lifecare Bonds and Continuing Care Agreements, and shall pursue
and exhaust all remedies available against Assignees prior to seeking any
payment or performance by Marriott Parent under any Lifecare Undertaking or
otherwise in respect of the Lifecare Bonds and Continuing Care Agreements in
favor of Current Lifecare Beneficiaries.
(b) Except as set forth in Section 5(a) in respect of Current
Lifecare Beneficiaries, MCC and the Assignees hereby irrevocably and completely
discharge and release Marriott Parent and its Affiliates from any liability
under any Lifecare Undertaking or otherwise in respect of Lifecare Bonds and
Continuing Care Agreements.
(c) Assignees and MCC hereby waive any applicable principles or
provisions of Law, statutory or otherwise, or contract which are or might be in
conflict with the terms of this Section 5.
(d) Without limiting the obligations of Assignees hereunder, (i)
nothing herein purports or is intended to release MCC from its obligations under
any Continuing Care Agreement, and (ii) solely as between MCC and any Person
that holds a Lifecare Bond, nothing herein purports to or is intended to release
MCC from its obligations to such Person under the applicable Lifecare Bond.
6. Covenants and Acknowledgements of Assignees and MCC.
(a) Neither MCC nor any Assignee shall, or shall cause or permit
any of its Subsidiaries or MCC to (i) directly or indirectly assign or otherwise
transfer (other than to an Affiliate of CNL Parent) any of its direct or
indirect obligations to a Current Lifecare Beneficiary (or, in the case of an
Operating Assignee, its obligations to MCC) under or in respect of any Lifecare
Bond or Continuing Care Agreement (each such obligation, an "Underlying Lifecare
Obligation"), (ii) cause or permit the term of any Underlying Lifecare
Obligation to be extended beyond the term in effect on the Closing Date, or
(iii) enter into or agree to any amendment or modification to the terms of any
Underlying Lifecare Obligation, unless, in any such case, prior to the
effectiveness thereof, Marriott Parent and its Affiliates shall be
unconditionally released, in a manner reasonably satisfactory to Marriott Parent
(which shall, without limitation, require an acknowledgement from the applicable
Current Lifecare Beneficiary) from all obligations to such Current Lifecare
Beneficiary; provided that MCC or CNL Parent may assign or otherwise transfer
(directly or indirectly) any Underlying Lifecare Obligation so long as (x) prior
to such assignment or transfer, MCC or CNL Parent shall notify Marriott Parent
thereof specifying the Underlying Lifecare Obligations transferred and the name
of the transferee and certifying that the other conditions set forth below have
been satisfied (if applicable), (y) the transferee shall be at least as
creditworthy as CNL Parent or MCC, as applicable and (z) the transferee shall
have delivered a letter agreement to Marriott Parent pursuant to which it agrees
to be bound by the restrictions set forth in this Section 6(a) for the benefit
of Marriott Parent; and provided further that no such transfer shall alter or
effect the obligations of Assignees hereunder. MCC and each Assignee shall
promptly notify Marriott Parent of any default or alleged default in payment of
any amount due to a Current Lifecare Beneficiary under any Lifecare Bond, which
default or alleged default could reasonably be expected to lead to a demand for
payment by Marriott Parent under Section 5(a).
(b) MCC shall (or shall cause its Affiliate to) give prompt notice
to Marriott Parent and CNL Parent of any demand for payment of an Outstanding
Bond, and any other demand in respect of a Continuing Care Agreement or Lifecare
Bond if, in any such case, such demand could reasonably be expected to give rise
to an obligation under any Parent Lifecare Agreement.
(c) Assignees acknowledge and agree that CNL Parent and its
Subsidiaries are not obtaining any rights or licenses with respect to any name,
xxxx, logo, trade dress or design owned by Marriott Parent or its Affiliates,
including the word xxxx "Marriott" (the "Marriott Word Xxxx"), the name and xxxx
"Marriott International, Inc.", the "M" logo (a copy of which is attached hereto
as Schedule (4)) or any composite or other name or xxxx containing "Marriott",
or any name, xxxx, logo or design that is similar to any of the foregoing in
appearance, sound or commercial impression (the "Marriott Parent Marks").
Assignees shall, and shall cause their respective Subsidiaries and any manager
of either Facility, to cease any and all use of the Marriott Parent Marks as
soon as practicable after the Closing Date, but not later than 60 days after the
Closing Date; provided, however, that with respect to stationery, contracts,
purchase orders, agreements and other business forms and writings (including
without limitation, Lifecare Bonds and Continuing Care Agreements) which could
result after the Closing Date in a legal commitment of Marriott Parent or any of
its Subsidiaries, Assignees shall, and shall cause their respective Subsidiaries
and any manager of either Facility, to cease within 10 Business Days after the
Closing Date any use of the Parent Marks; provided further that, from and after
the Closing Date, MCC shall comply with the provisions of Section 5.7 (f) of the
Stock Purchase Agreement. Within 10 Business Days after the Closing Date,
Assignees shall notify, or cause the manager of the Facilities to notify, in
writing, all residents at the Facilities that the Facilities have been acquired
from Sellers by Buyer, and that CNL Parent will, from and after the Closing
Date, ensure that the Facilities have all financial and other support that may
be required to ensure compliance with all obligations under the Lifecare Bonds
and Continuing Care Agreements.
7. Covenant of Assignor. Marriott Parent shall give written notice to
CNL Parent promptly upon receipt of any demand on Marriott Parent for payment or
performance of any Assumed Parent Obligation; provided that no failure to give
any such notice shall alter or affect the obligations of Assignees hereunder.
8. Events of Default. If any of the following conditions or events
(each, an "Event of Default") shall occur:
(a) Any Assignee shall fail to pay Marriott Parent any amount due
under Section 3(a)(ii) hereof, and such failure continues for 10 Business Days;
or
(b) Any Assignee shall fail to pay MCC any amount due under
Section 3(a)(i) hereof, and such failure continues for 10 Business Days; or
(c) Any demand shall be made to Marriott Parent for payment or
other performance under or in respect of any Assumed Obligation, any Lifecare
Bond or Continuing Care Agreements and shall not either be (i) rescinded within
15 Business Days thereof or (ii) paid or performed in full by Assignees within
15 Business Days of notice thereof by Marriott Parent to Assignees; or
(d) Any Assignee or MCC shall fail to perform or comply with its
obligations under Section 6 hereof and such failure shall continue for 15
Business Days; or any Underlying Lifecare Obligation shall otherwise be
transferred (directly or indirectly) to any Person other than CNL Parent or an
Affiliate thereof, unless the conditions set forth in Section 6(a) have been
satisfied in connection with such transfer); or
(e) Any Assignee or MCC shall fail to perform or comply with any
of its obligations under this Agreement which failure is not already addressed
in Section 8(a) though (d) hereof and such failure shall continue for 10
Business Days; or
(f) Any "Event of Default" as defined in either Mortgage shall
occur and be continuing; or
(g) Any Insolvency Event (as defined below) shall occur;
then, in addition to any other remedy available to Marriott Parent
at law or in equity, in the case of any event described in clause (g), the
maximum amount that may at any time become due under or in respect of the
Assumed Parent Obligations (the "Maximum Amount") shall automatically become
immediately due and payable, without presentment, demand, protest or other
requirements of any kind, all of which are hereby waived; and, if any other
Event of Default shall have occurred and be continuing, Marriott Parent may, by
written notice to CNL Parent declare all or any portion of the Maximum Amount
due and payable, and the same shall become immediately payable without
presentment, demand, protest or other requirements of any kind, all of which are
hereby waived. If any Event of Default shall have occurred and be continuing, in
addition to and not in limitation of any other rights available to Marriott
Parent at law or in equity, Marriott Parent may exercise all rights and remedies
provided for in either.
"Insolvency Event" shall mean:
(i) A court having jurisdiction in the premises shall
enter a decree or order for relief in respect of CNL Parent or either Operating
Assignee in an involuntary case under any applicable bankruptcy, insolvency or
similar law now or hereafter in effect, which decree or order is not stayed; or
(ii) An involuntary case shall be commenced against CNL
Parent or either Operating Assignee under any applicable bankruptcy, insolvency
or similar law now or thereafter in effect; or a decree or order of a court
having jurisdiction in the premises for the appointment of a receiver,
liquidator, sequestrator, trustee, custodian or other officer having similar
powers over CNL Parent or either Operating Assignee or over all or a substantial
part of its respective property, shall have been entered; or there shall have
occurred the involuntary appointment of an interim receiver, trustee or other
custodian of CNL Parent or any of the Operating Assignees for all or a
substantial part of its property; or a warrant of attachment, execution or
similar process shall have been issued against any substantial part of the
property of CNL Parent or any of the Operating Assignees and any such event
described in this clause (ii) shall continue for 60 days unless dismissed,
bonded or discharged; or
(iii) CNL Parent or either Operating Assignee shall have
an order for relief entered with respect to it or commence a voluntary case
under any applicable bankruptcy, insolvency or similar law now or hereafter in
effect, or shall consent to the entry of an order for relief in an involuntary
case, or to the conversion of an involuntary case to a voluntary case, under any
such law, or shall consent to the appointment of or taking possession by a
receiver, trustee or other custodian for all or a substantial part of its
property; or CNL Parent or either Operating Assignee shall make any assignment
for the benefit of creditors; or
(iv) CNL Parent or either Operating Assignee shall be
unable, or shall fail generally, or shall admit in writing its inability, to pay
its debts as such debts become due; or the Board of Directors of CNL Parent (or
any committee thereof) shall adopt any resolution or otherwise authorize any
action to approve any of the actions referred to in clause (iii) above or this
clause (iv).
For the avoidance of doubt, nothing in this Section 8, including any
provision for notice and cure, and no exercise or waiver by Marriott Parent of
any right or remedy under this Section 8, shall alter or affect (i) the
obligation of Assignees to pay any amount due under and in accordance with
Section 3 hereof or (ii) any other right or remedy of Marriott Parent and its
Affiliates hereunder, under the Mortgages or under the Real Estate Purchase
Agreement.
9. Further Assurances. Each party hereto shall promptly execute,
acknowledge and deliver, and shall cause its Affiliates to execute, acknowledge
and deliver, to the other parties hereto any assurances, documents, instruments
or conveyances reasonably requested by any party hereto, or necessary for the
parties hereto to effectuate the transactions contemplated hereby.
10. Governing Law; Jurisdiction; Waiver of Jury Trial.
(a) This Agreement shall be interpreted, construed, applied and
enforced in accordance with the laws of the State of Delaware.
(b) To the maximum extent permitted by applicable law, any action
to enforce, arising out of, or relating in any way to, any of the provisions of
this Agreement shall be brought and prosecuted in such court or courts located
in the State of Delaware as is provided by law; and the parties consent to the
jurisdiction of said court or courts located in the State of Delaware and to
service of process by registered mail, return receipt requested, or by any other
manner provided by law.
(c) EACH PARTY HEREBY AGREES NOT TO ELECT A TRIAL BY JURY OF ANY
ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVES ANY RIGHT TO TRIAL BY JURY FULLY TO
THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THIS
AGREEMENT, THE MORTGAGES OR ANY OTHER DOCUMENT RELATED TO THIS AGREEMENT, OR ANY
CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER
OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY EACH PARTY, AND
IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH
THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. ANY PARTY IS HEREBY
AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE
EVIDENCE OF THIS WAIVER BY EACH PARTY HERETO.
11. Time of the Essence. Time is of the essence in the performance of
all obligations of each Assignee and MCC hereunder.
12. Representations and Warranties.
(a) The execution, delivery and performance of this Agreement by
each Assignee have been duly and validly authorized by the Board of Directors or
governing body of each such Assignee and by all other necessary corporate or
partnership action on the part of such Assignee. This Agreement constitutes a
legally valid and binding obligation of each Assignee, enforceable against such
Assignee in accordance with its terms except as may be limited by bankruptcy,
insolvency, reorganization, moratorium and other similar laws and equitable
principles relating to or limiting creditors' rights generally. The execution,
delivery and performance of this Agreement by each Assignee will not (i) violate
or constitute a breach or default (whether upon lapse of time and/or the
occurrence of any act or event or otherwise) under the charter documents,
by-laws, partnership agreements (as applicable) of each Assignee; (ii) result in
the imposition of any Lien against any material assets or properties of each
Assignee; or (iii) violate any Law, except for any such violations, breaches,
defaults and impositions as would not reasonable be expected to have a material
adverse effect on the business operations, assets or financial condition of each
Assignee or performance by each Assignee of its obligations hereunder. The
execution, delivery and performance of this Agreement by each Assignee does not
require that any approval, authorization, consent, qualification or
registration, or any extension, modification, amendment or waiver of any of the
foregoing ("Approvals"), to be obtained from, or any notice, statement or other
communication ("Filings") to be filed with or delivered to, any governmental
entity or other Person, except for any such Approvals or Filings as to which the
failure to receive or make would not in the aggregate have a materials adverse
effect on the ability of any Assignee to perform its obligations hereunder.
(b) The execution, delivery and performance of this Agreement by
each Assignor has been duly and validly authorized by the Board of such Assignor
and by all other necessary corporate action on the part of such Assignor. This
Agreement constitutes a legally valid and binding obligation of each Assignor,
enforceable against such Assignor in accordance with its terms except as may be
limited by bankruptcy, insolvency, reorganization, moratorium and other similar
laws and equitable principles relating to or limiting creditors' rights
generally. The execution, delivery and performance of this Agreement by each
Assignor will not (i) violate or constitute a breach or default (whether upon
lapse of time and/or the occurrence of any act or event or otherwise) under the
charter documents or by-laws of such Assignor ; (ii) result in the imposition of
any Lien against any material assets or properties of such Assignor; or (iii)
violate any Law, except for any such violations, breaches, defaults and
impositions as would not reasonable be expected to have a material adverse
effect on the business operations, assets or financial condition of such
Assignor or performance by such Assignor of its obligations hereunder. The
execution, delivery and performance of this Agreement by each Assignor does not
require any Approvals to be obtained from, or any Filings to be filed with or
delivered to, any governmental entity or other Person, except for any such
Approvals or Filings as to which the failure to receive or make would not in the
aggregate have a material adverse effect on the ability of such Assignor or any
Assignee to perform its obligations hereunder.
13. Miscellaneous.
(a) Amendments. This Agreement and any Schedule or Exhibit
attached hereto may be modified or amended only by agreement in writing of
Assignors and Assignees; provided that Sections 1(c), 3(a)(ii), 3(b)(i),
3(c)(ii), 7 and 8 of this Agreement may be amended or modified without the
consent of MCC.
(b) Third Party Beneficiaries. Nothing herein, express or implied,
is intended to confer upon or give any Person other than the parties hereto any
rights or remedies of any nature under or by reason of this Agreement.
(c) Severability. If any provision of this Agreement shall be held
or deemed to be, or shall in fact be, invalid, inoperative or unenforceable as
applied to any particular case in any jurisdiction or jurisdictions, or in all
jurisdictions or in all cases, because of the conflict of any provision with any
constitution or statute or rule of public policy or for any other reason, such
circumstance shall not have the effect of rendering the provision or provisions
in question invalid, inoperative or unenforceable in any other jurisdiction or
in any other case or circumstance or of rendering any other provision or
provisions herein contained invalid, inoperative or unenforceable to the extent
that such other provisions are not themselves actually in conflict with such
constitution, statute or rule of public policy, but this Agreement shall be
reformed and construed in any such jurisdiction or case as if such invalid,
inoperative or unenforceable provision had never been contained herein and such
provision reformed so that it would be valid, operative and enforceable to the
maximum extent permitted in such jurisdiction or in such case.
(d) Section and Other Headings. The headings contained in this
Agreement are for reference purposes only and shall not in any way affect the
meaning or interpretation of this Agreement.
(e) Entire Agreement. This Agreement, the Mortgages and the Real
Estate Purchase Agreement constitute the entire agreement among the parties with
respect to the subject matter hereof.
(f) Assignment. Neither this Agreement nor any of the rights,
interests or obligations under this Agreement shall be assigned or delegated, in
whole or in part, by operation of law or otherwise by any of the parties without
the prior written consent of the other parties. Subject to the preceding
sentence, this Agreement shall be binding upon and inure to the benefit of the
parties and their respective successors and assigns.
(g) Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument.
(h) Waivers, Etc. Any waiver of any term or condition of this
Agreement, or of the breach of any covenant, representation or warranty
contained herein, in any one instance, shall not operate as or be deemed to be
or construed as a further or continuing waiver of any other breach of such term,
condition, covenant, representation or warranty or any other term, condition,
covenant, representation or warranty, nor shall any failure at any time or times
to enforce or require performance of any provision hereof operate as a waiver of
or affect in any manner such party's right at a later time to enforce or require
performance of such provision or any other provision hereof.
(i) Notices. Any and all notices, demands, consents, approvals,
offers, elections and other communications required or permitted under this
Agreement shall be deemed adequately given if in writing and the same shall be
delivered either in hand, or by mail or Federal Express or similar expedited
commercial carrier, addressed to the recipient of the notice, postpaid and
registered or certified with return receipt requested (if by mail), or with all
freight charges prepaid (if by Federal Express or similar carrier). All notices
required or permitted to be sent hereunder shall be deemed to have been given
for all purposes of this Agreement upon the date of acknowledged receipt, upon
the date of receipt or refusal, except that whenever under this Agreement a
notice is either received on a day which is not a Business Day or is required to
be delivered on or before a specific day which is not a Business Day, the day of
receipt or required delivery shall automatically be extended to the next
Business Day.
All such notices shall be addressed,
if to Marriott Parent, to:
Marriott International, Inc.
00000 Xxxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Attn: Chief Financial Officer
with a copy to:
Marriott International, Inc.
00000 Xxxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Attn: General Counsel
and
Marriott International, Inc.
00000 Xxxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Attn: Treasurer
and
Arent Fox Xxxxxxx Xxxxxxx & Xxxx, PLLC
0000 Xxxxxxxxxxx Xxxxxx, X.X.
Xxxxxxxxxx, XX 00000-0000
Attn: Xxxxxx Xxxxx, Esq.
If to MCC:
c/o Sunrise Assisted Living, Inc.
0000 Xxxxxxxx Xxxxx
XxXxxx, XX 00000
Attention: General Counsel
Telecopier No.: (000) 000-0000
With a copy to (which shall not constitute notice):
Xxxxx & Xxxxxxx LLP
000 Xxxxxxxxxx Xxxxxx, X.X.
Xxxxxxxxxx, X.X. 00000
Attention: Xxxxxx X. Xxxxxxxx
Telecopier No.: (000) 000-0000
if to any of the Assignees:
c/o CNL Retirement Corp.
CNL Center at City Commons
000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx 00000-0000
Attn: Chief Operating Officer
with a copy to:
Lowndes, Drosdick, Doster, Xxxxxx & Xxxx, P.A.
000 Xxxxx Xxxx Xxxxx
Post Office Box 2809
Xxxxxxx, Xxxxxxx 00000
Attn: Xxxxxx X. Xxxxxxx, Esq.
By notice given as herein provided, the parties hereto and their
respective successors and assigns shall have the right from time to time and at
any time during the term of this Agreement to change their respective addresses
effective upon receipt by the other parties of such notice and each shall have
the right to specify as its address any other address within the United States
of America.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
S-4
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the date first set forth above.
MARRIOTT PARENT:
MARRIOTT INTERNATIONAL, INC.,
a Delaware corporation
By: /s/ Xxxxxxx X. Xxxxxxx
-------------------------------------
Xxxxxxx X. Xxxxxxx
Authorized Signatory
MCC:
MARRIOTT CONTINUING CARE, LLC,
a Delaware limited liability company
By: Marriott Senior Living Services, Inc.,
A Delaware corporation, sole Member
By: /s/ Xxxxxxx X. Xxxxxxx
-------------------------------
Xxxxxxx X. Xxxxxxx
Authorized Signatory
[SIGNATURES FOR ASSUMPTION AND REIMBURSEMENT AGREEMENT CONTINUE
ON THE FOLLOWING PAGES]
CNL PARENT:
CNL RETIREMENT PROPERTIES, INC.,
A Delaware corporation
By:/s/ Xxxxxxx X. Xxxx
-----------------------------------------
Xxxxxxx X. Xxxx
Title:Senior Vice President
---------------------------------
OPERATING ASSIGNEES:
CNL RETIREMENT MA3 VIRGINIA, LP, a Delaware
limited partnership
By: CNL Retirement MA3 GP Holding, LLC,
a Delaware limited liability company,
Its sole general partner
By:/s/ Xxxxxxx X. Xxxx
-------------------------------
Xxxxxxx X. Xxxx
Senior Vice President
CNL RETIREMENT MA3 PENNSYLVANIA, LP, a Delaware
limited partnership
By: CNL Retirement MA3 GP Holding, LLC,
a Delaware limited liability company,
Its sole general partner
By:/s/ Xxxxxxx X. Xxxx
-------------------------------
Xxxxxxx X. Xxxx
Senior Vice President
DISTRICT OF COLUMBIA
----------------------- ss:
-----------------------
I, the undersigned, a Notary Public in and for the jurisdiction
aforesaid, do hereby certify that Xxxxxxx X. Xxxxxxx, whose name as Authorized
Signatory of Marriott International, Inc., a Delaware corporation, is signed to
the foregoing and annexed instrument, did personally appear before me this day
and acknowledged the same to be the act and deed of Marriott International, Inc.
GIVEN under my hand and seal this 19th day of March, 2003.
Xxxxxxx X. Xxxxxx
-----------------------
NOTARY PUBLIC
[Notarial Seal]
My Commission Expires: November 14, 0000
XXXXXXXX XX XXXXXXXX
----------------------- ss:
-----------------------
I, the undersigned, a Notary Public in and for the jurisdiction
aforesaid, do hereby certify that Xxxxxxx X. Xxxxxxx, whose name as Authorized
Signatory of Marriott Senior Living Services, Inc., a Delaware corporation and
sole member of Marriott Continuing Care, LLC, a Delaware limited liability
company, is signed to the foregoing and annexed instrument, did personally
appear before me this day and acknowledged the same to be the act and deed of
Marriott Senior Living Services, Inc.
GIVEN under my hand and seal this 19th day of March, 2003.
Xxxxxxx X. Xxxxxx
-----------------------
NOTARY PUBLIC
[Notarial Seal]
My Commission Expires: November 14, 0000
XXXXXXXX XX XXXXXXXX
----------------------- ss:
-----------------------
I, the undersigned, a Notary Public in and for the jurisdiction
aforesaid, do hereby certify that Xxxxxxx X. Xxxx, whose name as Senior Vice
President of CNL Retirement Properties, Inc., a Delaware corporation, is signed
to the foregoing and annexed instrument, did personally appear before me this
day and acknowledged the same to be the act and deed of CNL Retirement
Properties, Inc.
GIVEN under my hand and seal this 19th day of March, 2003.
Xxxxxxx X. Xxxxxx
-----------------------
NOTARY PUBLIC
[Notarial Seal]
My Commission Expires: November 14, 0000
XXXXXXXX XX XXXXXXXX
----------------------- ss:
-----------------------
I, the undersigned, a Notary Public in and for the jurisdiction
aforesaid, do hereby certify that Xxxxxxx X. Xxxx, whose name as Senior Vice
President of CNL Retirement MA3 GP Holding, LLC, the sole general partner of CNL
Retirement MA3 Virginia, LP, a Delaware limited partnership and the sole general
partner of CNL Retirement MA3 Pennsylvania, LP, a Delaware limited partnership,
is signed to the foregoing and annexed instrument, did personally appear before
me this day and acknowledged the same to be the act and deed of CNL Retirement
MA3 Virginia, LP and CNL Retirement MA3 Pennsylvania, LP.
GIVEN under my hand and seal this 19th day of March, 2003.
Xxxxxxx X. Xxxxxx
-----------------------
NOTARY PUBLIC
[Notarial Seal]
My Commission Expires: November 14, 2004
EXHIBIT X-0-0
XXXXXXX X-0
LEGAL DESCRIPTION FOR FAIRFAX
DESCRIPTION OF
PHASE 1
BEING A 40,34232 ACRE
PORTION OF THE LAND OF
XXXX INLET REGION, INC.
(DEED BOOK 6382 PAGE 1930)
MT. XXXXXX DISTRICT
FAIRFAX COUNTY, VIRGINIA
--------------------------------------------------------------------------------
Beginning at a point in the easterly right-of-way line of Xxxxxxxxx Xxxx, Xxxxx
#000.
thence departing said right-of-way line of Xxxxxxxxx Xxxx, Xxxxx #000
and running with the southerly line of a parcel of land in the name of Spears
(Deed Book 4638, Page 662) N 87o 39' 00" E, 622.00 feet to a point,
thence with the easterly line of said Spears parcel and continuing with
the easterly line of a parcel of land in the name of Black (Deed Book 3001, Page
485) N 04 09' 00" W, 631.93 feet to a point in the southerly line of a parcel of
land in the name of Rose (Deed Book 6025, Page 1390),
thence with said line of Rose and continuing with the other parcel in
the name of Rose (Deed Book 2206, Page 120) N 64o 18' 00" E, 856.39 feet to a
point, said point being a corner common to the United States of America (Fort
Belvoir Military Reservation),
thence with the westerly line of United States of America (Fort Belvoir
Military Reservation) S 52o 18' 57" E. 984.50 feet to a point,
thence departing said line of United States of America (Fort Belvoir
Military Reservation) and running through the land of Xxxx Inlet Region, Inc.
the following courses and distances: S 00o 42' 22" E, 324.02' to a point,
thence S 44o 17' 38" W, 431.73 feet to a point,
thence S 89o 17' 38" W. 195.83 feet to a point,
thence S 00o 42' 22" E. 100.00 feet to a point,
thence S 89o 17' 38" W. 75.00 feet to a point,
thence N 00o 42' 22" W. 16.00 feet to a point,
thence S 89o 17' 38" W. 310.00 feet to a point,
thence N 45o 42' 22" W. 91.92 feet to a point,
thence S 89o 17' 38" W. 38.80 feet to a point,
thence S 00o 42' 22" E. 115.00 feet to a point,
thence S 89o 17' 38" W. 394.15 feet to a point,
thence S 18o 56' 02" E, 148.21 feet to a point,
thence S 84o 39' 00" W, 117.90 feet to a point,
thence with the arc of a curve to the right, having a radius of 200.00
feet, a chord bearing and chord of N 64o 21' 00" W, 206.02 feet, respectively,
an arc distance of 216.42 feet to a point,
thence N 33o 21' 00" W. 280.00 feet to a point,
thence with the arc of a curve to the left having a radius of 200.00
feet, a chord bearing and chord of N 62o 51' 00" W, 196.97 feet, respectively,
an arc distance of 205.95 feet to a point; and
thence S 87o 39' 00" W, 175.00 feet to a point in the aforesaid
easterly line of Xxxxxxxxx Xxxx, Xxxxx #000, (variable width);
thence with said line of Telegraph Road, Route #611, (variable width) N
04o 01' 42" E, 100.62 feet to the point of beginning; containing 40.34232 acres
of land.
LESS AND EXCEPT
(a) Area "A" containing 2,700 square feet, more or less and Area "B" containing
9,157 square feet, more or less dedicated to public street purposes in Deed Book
7073 at page 397, in the land records of Fairfax County, Virginia.
(b) 2,181 square feet, more or less convey to the Commonwealth of Virginia in
Deed Book 10816 at page 1319 in the land records of Fairfax County, Virginia.
EXHIBIT A-2
LEGAL DESCRIPTION FOR QUADRANGLE
PREMISES "A"
ALL THAT CERTAIN lot or piece of ground, Situate in Haverford Township, Delaware
County, Pennsylvania, described in accordance with and shown on a certain Plan
#8748, Sheet 1, dated July 14, 1983 prepared by SMC Xxxxxx Inc., Consulting
Engineers and Land Surveyors, King of Prussia, Pennsylvania as follows, to wit:
BEGINNING at a spike set in the bed of Xxxxx Road a corner of land now or late
of Xxxxx and Xxxxx Xxxxxxxx; thence extending through the bed of Xxxxx Road the
following nine courses and distances: (1) South 64 degrees 26 minutes 59 seconds
East 314.75 feet to a point; (2) South 37 degrees 12 minutes 11 seconds East
crossing Xxxxx Road 252.73 feet to a corner of a stone wall; (3) South 49
degrees 56 minutes 19 seconds East recrossing Xxxxx Road 270.86 feet to a point;
(4) South 50 degrees 09 minutes 47 seconds East 332.50 feet to a point; (5)
South 51 degrees 04 minutes 54 seconds East 231.31 feet to a point; (6) South 62
degrees 33 minutes 17 seconds East 134.10 feet; (7) South 62 degrees 26 minutes
15 seconds East 260.25 feet to a point; (8) South 45 degrees 06 minutes 40
seconds East 237.37 feet to a point and (9) South 32 degrees 30 minutes 30
seconds East, 639.08 feet to a point in the Intersection of Xxxxx and Marple
Roads; thence along the title line of Xxxxxx Road the following three courses
and distances: (1) South 74 degrees 31 minutes 06 seconds West 313.87 feet to a
spike found;(2) South 72 degrees 28 minutes 25 seconds West 746.21 feet to a
spike found; and (3) South 74 degrees 10 minutes 30 seconds West 294.13 feet to
a spike found; thence leaving Xxxxxx Road; North 55 degrees 33 minutes 15
seconds West 377.69 feet to an iron pin found on line with land now or late of
Haverford State Hospital; thence along said lands North 33 degrees 37 minutes 00
seconds East, 73.25 feet to a concrete monument found; thence still by same
North 70 degrees 37 minutes 30 seconds West 574.21 feet to an iron pin passing
over a concrete monument, 147.98 feet from the terminus of this line; still by
same, North 70 degrees 48 minutes 31 seconds West 819.77 feet to a stone found;
thence still by same; North 45 degrees 43 minutes 36 seconds 468.60 feet to a
point on line with lands of aforementioned Xxxxx and Xxxxx Xxxxxxxx; thence
along said land the following nine courses and distances: (1) North 47 degrees
36 minutes 31 seconds East 337.23 feet to a point; (2) South 44 degrees 07
minutes 34 seconds East 60.55 feet to an iron pin found on the Easterly side of
a certain stone wall; (3) along said wall North 34 degrees 07 minutes 31 seconds
East 13.79 feet to an iron pin found; (4) still along said wall, North 46
degrees 03 minutes 11 seconds East 109.16 feet to an iron pin found; (5) still
by same, North 53 degrees 27 minutes 31 seconds East 15.05 feet to an iron pin
found; (6) leaving said wall, North 15 degrees 30 minutes 51 seconds East,
210.55 feet to an iron pin found; (7) North 12 degrees 37 minutes 59 seconds
West 220.31 feet to a point; (8) North 10 degrees 37 minutes 01 seconds East
220.31 feet to a point; and (9) North 44 degrees 41 minutes 01 seconds East
240.73 feet to the point and place of BEGINNING.
PREMISES "B"
ALL THAT CERTAIN lot or parcel of land, Situated in the Township of Haverford,
County of Delaware and Commonwealth of Pennsylvania as shown on a Plan of Survey
and topography dated November 11, 1986, prepared by Xxxxxxxx Associates, Inc.,
Centre Square, Pennsylvania bounded and described as follows, to wit:
BEGINNING at a point in the centerline of Xxxxx Road (33' wide) widened to (50')
as per Pennsylvania Department of Highways, a corner of Haverford State
Hospital; thence extending along said centerline of Xxxxx Road South 64 degrees
27 minutes 00 seconds East a distance of 105.85 feet to a point in the same;
thence through the Southwesterly side of Xxxxx Road and along lands of Linden
Associates South 44 degrees 41 minutes 01 seconds West, a distance of 240.73
feet to a spike found; thence still along lands of Linden Associates the
following eight courses and distances: (1) South 10 degrees 37 minutes 01
seconds West a distance of 220.31 feet to a spike found; thence (2) South 12
degrees 37 minutes 59 seconds East a distance of 220.31 feet to an iron pin
found; thence (3) South 15 degrees 30 minutes 15 seconds West a distance of
210.55 feet to an iron pin found; thence (4) South 53 degrees 27 minutes 31
seconds West a distance of 15.05 feet to a point; thence (5) South 46 degrees 03
minutes 11 seconds West a distance of 103.06 feet to a point; thence (6) South
34 degrees 07 minutes 31 seconds West a distance of 13.79 feet to a point;
thence (7) North 44 degrees 07 minutes 34 seconds West a distance of 60.55 feet
to a point; thence (8) South 47 degrees 36 minutes 31 seconds West a distance of
337.23 feet to an iron pin found; a corner of the Haverford State Hospital;
thence along the said lands the three following courses and distances: (1) North
49 degrees 38 minutes 04 seconds West a distance of 442.77 feet to a stone
monument found; thence (2) North 45 degrees 37 minutes 00 seconds East a
distance of 630.45 feet to a stone monument found; thence (3) North 44 degrees
40 minutes 28 seconds East a distance of 567.42 feet to the first mentioned
point and place of BEGINNING.
BEING known as 0000 Xxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxxxxx.
BEING the same premises which Host Marriott Corporation, a Delaware corporation
by Quit Claim Deed dated 3/26/1998 and recorded 4/24/1998 in the County of
Delaware in Volume 1708 page 730, granted and conveyed unto Marriott Continuing
Care Inc., in fee.
Schedule 1
Outstanding Quadrangle Bonds
3/26/2003
Plan Refundable
LAST NAME FIRST NAME ENTRY DATE 1 Type Bond
--------------------------------------------------------------------------------------------------------------------
XXXXXXXX XXXXXX , XXXX. 6/29/1989 90% Refundable 136,080.00
XXXXXX XXXXXXXXX 6/22/1989 Declining Balance Refund -
XXXXXX XXXX 6/29/1989 Declining Balance Refund -
Xxxxxxx Xxxxxx 11/15/2002 Declining Balance Refund 114,400.00
Xxxxxxx Xxxxxxx 7/8/1999 90% Refundable 125,100.00
XXXXX XXXXXXX 11/26/1989 Declining Balance Refund -
XXXXXXX XXXXXX,XXXXX 4/1/1997 90% Refundable 218,700.00
XXXXX XXXXXX, XXXXXX 1/24/1991 Modified 90% Refundable 92,655.00
XXXXXXXXX XXXXXXXXX 10/13/1989 Declining Balance Refund -
XXXXXXXX XXXXXXX 10/5/1998 90% Refundable 229,410.00
XXXXX XXXXXXXXX, MAR 8/30/1989 Declining Balance Refund -
XXXXXXXX XXXXXX,XXX 6/9/1998 90% Refundable 229,410.00
XXXXXXXXX XXXXXXXX 11/15/1989 90% Refundable 151,110.00
Xxxxx Xxxx, Xxxxxx 2/17/2001 90% Refundable 236,700.00
XXXXXXX XXXXXX, XXXXX 9/21/1989 90% Refundable 127,575.00
XXXXXXXX XXXXX 8/12/1989 Declining Balance Refund -
Xxxxxxxxx Xxxxxx 3/1/2002 Declining Balance Refund 56,400.00
Xxxxxx Xxxxx 4/27/2000 Declining Balance Refund 26,500.00
XXXXXXX XXXXXX, XXXXXX 8/31/1990 Modified 90% Refundable 103,680.00
XXXXXX XXXX 7/25/1989 90% Refundable 136,080.00
XXXXXXX XXXX XXXXX 9/12/1997 Modified 90% Refundable 107,100.00
XXXXXX XXXXX , XXXXXX 6/22/1989 90% Refundable 127,575.00
Xxxxxxxx Xxxxxxx 9/14/2000 90% Refundable 183,510.00
XXXXXXXX XXXX 6/30/1991 Modified 90% Refundable 65,655.00
XXXX XXXX 6/29/1989 90% Refundable 74,300.00
XXXXXX XXXXXX 1/16/1994 Declining Balance Refund -
XXXXXX XXXXXXX 11/26/1989 90% Refundable 143,910.00
XXXXXX XXXXXX, XXXXXXX 8/8/1989 Modified 90% Refundable 75,600.00
XXXXXXX XXXXXXXXX 7/10/1993 90% Refundable 162,000.00
XXXXXXX XXXXXXXX 6/26/1998 Modified 90% Refundable 135,360.00
XXXXX XXXXXXXXXX 5/24/1991 90% Refundable 153,810.00
XXXXXX XXXXX, XXXXX 6/19/1990 90% Refundable 153,810.00
XXXXXX XXXXX 1/31/1994 Declining Balance Refund -
XXXX XXXXXXX 6/1/1998 Declining Balance Refund -
Xxxxxx Xxxxxx & Kathar 7/7/2000 90% Refundable 198,000.00
Xxxxxx Xxxxxxx 6/1/2002 90% Refundable 198,000.00
Xxxxx Thales & Xxxxx 6/1/1999 Declining Balance Refund 39,400.00
Xxxxxxxx Xxxxxxxxx 9/22/2000 Declining Balance Refund 56,400.00
XXXXX XXXXXXXX 7/25/1993 90% Refundable 112,500.00
XXXXX XXXXXXX, XXXXX 12/5/1995 90% Refundable 169,740.00
XXXXX XXXXXXXX 6/11/1989 90% Refundable 180,270.00
XXXXXXXXX XXXX 8/30/1989 90% Refundable 108,810.00
XXXXX XXXXX 3/5/1994 90% Refundable -
Bryne & Xxxxxx Xxxxx & Xxxxxx 12/29/1999 Declining Balance Refund 31,600.00
XXXXX XXXXXXX 9/11/1994 Modified 90% Refundable 103,680.00
XXXXXX XXXXXXXXX 7/1/1997 90% Refundable 121,500.00
XXXXX XXXXX, XXXXXX 10/28/1991 90% Refundable 225,720.00
XXXXXXXXXXX XXXXXXXX 11/1/1995 Declining Balance Refund -
CAMERA XXXXXX, XXXXX 12/22/1994 90% Refundable 169,740.00
XXXX XX. , XXXXXXXX 11/4/1989 90% Refundable 183,150.00
XXXXXXXX XXXX 8/25/1998 Modified 90% Refundable 75,060.00
XXXXXX XXXX 10/20/1989 90% Refundable 76,500.00
XXXXXX XXXXXX 6/1/1997 90% Refundable 175,050.00
XXXXXX XXXXXX 4/17/1998 90% Refundable 183,510.00
XXXXX XXXXX 9/20/1996 90% Refundable 218,700.00
Xxxxx Xxxxx & Xxxx 4/1/2000 Declining Balance Refund 26,500.00
XXXXXX XXXXXX, ELIZAB 11/4/1990 90% Refundable 153,810.00
XXXXXXXX XXXXXX 10/9/1995 Modified 90% Refundable 70,740.00
Xxxxxxxx Xxxxxxxx 7/8/1999 90% Refundable 225,270.00
XXXXXXXX XXXXXXX 8/31/1998 Declining Balance Refund -
Xxxxx An-Min 4/1/2000 Declining Balance Refund 33,000.00
Xxxxx Xxxxxx, Xxxxx 7/1/2002 Modified 90% Refundable 130,500.00
XXXXX XXXXXX, ROWNA 2/7/1990 Modified 90% Refundable 127,260.00
XXXXX XXXXXXX, XXXXXX 7/28/1998 Declining Balance Refund -
XXXX XXXXXXXX, XXXX 1/23/1990 90% Refundable -
Xxxxxxx Xxxxxx 1/3/2003 90% Refundable 198,000.00
XXXXX XXXXXXX, XXXXX 6/1/1998 90% Refundable 183,150.00
XXXXXXXX XXXXXXXX 4/26/1996 90% Refundable 174,420.00
Xxxxxxx Xxxxxx 12/1/1999 90% Refundable 125,100.00
XXXXXX XXXXXXXX 3/17/1998 90% Refundable 183,510.00
COREN XXXXXXX, XXXX 4/1/1995 Declining Balance Refund -
XXXXXXX XXXXXXX 8/16/1989 90% Refundable 143,910.00
XXXXXXX XXXXXXX 9/21/1990 90% Refundable 125,100.00
XXXXXX XXXXXXX, XXXX 5/2/1993 90% Refundable -
XXX XX., XXXXX 8/31/1990 Modified 90% Refundable 110,340.00
XXXXXX XXXX 7/30/1996 Declining Balance Refund -
XXXXX XXXXX 7/14/1990 90% Refundable 153,810.00
XXXXXXXX XXXXXXX, XXXXX 7/18/1994 90% Refundable 174,420.00
XXXXXXXX XXXXXXX 8/19/1989 Modified 90% Refundable 65,655.00
XXXXX XXXXXXX 6/19/1991 90% Refundable 108,810.00
XXXXXX XXXXXX, XXXXX 12/22/1990 Modified 90% Refundable 110,655.00
Xxxxxx Xxxxxxxxx 2/3/2003 -
XXXXXXXXXX XXXXX, XXXX 1/2/1990 90% Refundable 212,760.00
Xxxxxxxx Xxx, Claire 8/1/2001 Declining Balance Refund 89,400.00
XXXXX XXXXXX 12/22/1989 90% Refundable 143,910.00
Xxxx Xxxxxxx 12/16/1999 Declining Balance Refund 18,800.00
Day Xxxxx 10/1/2002 90% Refundable 207,000.00
xxXXXXXX XXXXXXXXX 2/1/1996 90% Refundable 169,740.00
xxXXXX XXXXXX 9/21/1989 90% Refundable 183,150.00
xxXXXX XXXXX 11/16/1991 Modified 90% Refundable -
XxXxxx Xxxxx 6/14/2002 90% Refundable 125,100.00
XXXXX XXXX, ELIZ. 2/22/1990 Modified 90% Refundable -
Xxxxx XXXX 9/18/2002 90% Refundable 236,700.00
XXXXXX XXXXXXX 8/12/1989 Modified 90% Refundable 86,355.00
XXXXXXXX XXXXXXXXX 2/1/1997 90% Refundable 178,200.00
XXXXX XXX 9/28/1995 Modified 90% Refundable 70,740.00
XXXXXX XXXXX, XXXXX 6/26/1994 90% Refundable 212,130.00
XXXXXXXX XXXX 9/29/1989 90% Refundable 143,910.00
XXXXX XXXXX 8/30/1993 90% Refundable 166,500.00
Dodge Xxxxxx, Xxxxxxx 6/8/2001 Declining Balance Refund 99,600.00
XXXXX XXXXX 6/1/1998 90% Refundable 225,270.00
Xxxxx Xxxxxx 8/15/2000 90% Refundable 180,270.00
Xxxx Xxxxxx 2/28/2002 Declining Balance Refund 56,400.00
XXXXXXX XXXXXXX 10/1/1996 90% Refundable 169,740.00
Xxxxxx Xxxx 4/19/2001 Modified 90% Refundable 121,500.00
XXXXX XXX 2/3/1990 90% Refundable 191,610.00
Xxxx Xxxxxxx, Xxxx 10/27/2000 Declining Balance Refund 37,600.00
DUR XXXXXXX,XXXXX 5/22/1996 90% Refundable 169,740.00
Xxxx Xxxxxxx 12/1/2002 90% Refundable 207,000.00
XXXXXXX Xxxxx 10/31/1997 90% Refundable 183,510.00
XXXX XXXXXX , XXXXX 8/5/1989 90% Refundable -
XXXXXXX G. XXXXX 11/19/1989 Modified 90% Refundable 65,655.00
Xxxxxxxxx Xxxxxxx,Xxxxxxx 1/15/2002 90% Refundable 207,000.00
Xxxxxxxxx Xxxxxx 4/1/2000 Declining Balance Refund 26,100.00
Xxxxx Xxxxxx & Xxxxxx 2/15/2000 90% Refundable 180,270.00
EMLEN XXXXXXXX, XXXX 12/18/1989 Modified 90% Refundable 136,890.00
Xxxxx Xxxxxx & Mariet 2/3/1999 Declining Balance Refund -
XXXXXXXX XXXXX 5/20/1996 Declining Balance Refund -
ERSLEV XXXXX , XXXX. 9/14/1989 90% Refundable 172,530.00
XXXXX XXX 8/11/1998 Declining Balance Refund -
XXXXX XXXXX, XXXX 9/12/1995 90% Refundable 169,740.00
Xxxxx Xxxxx 1/25/2002 90% Refundable 198,000.00
XXXXXXXXX XXXX 3/1/1995 90% Refundable 117,810.00
Xxxxxxxxx Xxxx 5/3/1999 Modified 90% Refundable 75,060.00
Xxxxx Xxxx 6/5/2001 Declining Balance Refund 56,400.00
XXXXXX XXXXXXXX,XXXXX 9/24/1997 90% Refundable 222,750.00
XXXXXXX XXXXXXXX 11/1/2001 Declining Balance Refund 85,800.00
Xxxxxx Xxxxxxxxx 8/1/2002 90% Refundable 236,700.00
Foa Bruno & Xxxx 4/2/1999 90% Refundable 225,270.00
XXXXX XXXXXXX, GRACE 1/31/1992 Declining Balance Refund -
Xxxxxxx Xxxxxx 5/8/2002 90% Refundable 198,000.00
XXXXX XXXXXXX, XXXX 1/5/1990 90% Refundable 143,910.00
Xxxxxxxx Xxxxxx, Xxxxx 3/1/2003 -
XXXX XXXXX, XXXXXX 2/11/1990 Modified 90% Refundable 150,993.00
XXXXXXXXX XXXXXXXX 1/27/1990 90% Refundable 125,100.00
XXXXXXXX XXXXXXXXX 6/19/1998 Modified 90% Refundable 110,340.00
Xxxxxx Xxxxxx 10/6/1999 90% Refundable 125,100.00
XXXXXX XXXXXXXXX 6/26/1989 90% Refundable 127,575.00
Xxx Xxxx 3/1/1999 90% Refundable 125,100.00
Xxxxxx Xxxx 12/1/2000 90% Refundable 225,270.00
XXXXXXXX XXXXX 8/5/1989 90% Refundable 143,910.00
XXXX XXXXX, XXXX 9/25/1990 90% Refundable 225,270.00
Xxxxxxx Xxxxx 11/15/2000 Declining Balance Refund 37,600.00
Xxxxx Xxxx 8/23/2002 90% Refundable 198,000.00
XXXXX XXXXX 7/30/1998 90% Refundable 180,270.00
Xxxxxxx-Xxxxxx K. 6/22/1989 90% Refundable 159,300.00
XXXXXXXX XXXXX W. 9/3/1992 90% Refundable 153,810.00
GOLDHAFT XXXXX, XXXXXXX 1/12/1990 Modified 90% Refundable 103,680.00
Xxxxxxxxx Xxxxxxx 6/2/1999 90% Refundable -
XXXXXXXXXX XXXX 10/21/1996 90% Refundable 175,050.00
XXXXXXXX XXXXXX,XXXXX 5/8/1997 Modified 90% Refundable -
XXXXX CYRGNA 7/1/1996 90% Refundable 212,130.00
XXXXXX XXXX 10/24/1990 Modified 90% Refundable 65,655.00
Xxxxxxxx Xxxxx 7/29/1999 90% Refundable 180,270.00
XXXXXXXXX XXXXXX 10/2/1990 90% Refundable 108,810.00
XXXXXX XXXXXXXXX 3/30/1991 Modified 90% Refundable 110,655.00
XXXXXXXX XXXXX 11/22/1989 90% Refundable 143,910.00
XXXXXXXX XXXXXXXXX 10/24/1989 90% Refundable -
Xxxxx Xxxx 6/18/2002 Declining Balance Refund 75,200.00
GROSS XXXXXX, XXX 10/2/1990 Modified 90% Refundable 110,655.00
XXXXXXXX XXXXX 5/31/1996 90% Refundable 117,810.00
XXXX XXXX 7/1/1997 Declining Balance Refund -
XXXXXX Xxxxx 9/29/1989 Declining Balance Refund -
Xxxxxx Xxxxx 1/1/2002 90% Refundable 236,700.00
Xxxxxx Xxxxxxx 11/1/2002 90% Refundable 198,000.00
XXXXXX XXXXXXXX 9/8/1998 90% Refundable 180,270.00
Xxxxxxxx Xxxxx 7/1/2001 Declining Balance Refund 56,400.00
XXXXX XXXXXXX 9/9/1998 Modified 90% Refundable -
XXXXX XXXXX (BUD), C 8/5/1989 90% Refundable 149,445.00
Xxxxx Xxxxxxx 10/28/2002 Declining Balance Refund 132,800.00
XXXXXX XXXXXXX , MARC 7/25/1989 90% Refundable 125,100.00
Xxxxxx Xxxxxx 9/1/2000 Declining Balance Refund 52,200.00
XXXXXXXXX XXXX 2/7/1990 90% Refundable 143,910.00
XXXXX XXXX 10/13/1989 Declining Balance Refund -
XXXXX XXXX 10/13/1989 Declining Balance Refund -
Xxxxx Xxxxxxxxx & Bet 4/13/1999 90% Refundable 180,270.00
HERALD XXXXXXXXX 8/22/1996 Declining Balance Refund -
XXXXXXXXX XXXX 3/1/1998 Declining Balance Refund -
XXXX XXXXX, XXXXXXX 2/4/1992 Modified 90% Refundable 136,890.00
XXXXXXX X. XXXXX, XXXX 4/3/1994 Declining Balance Refund -
XXXX, XXXXX XXXXXXX, XXXXX 6/22/1989 Declining Balance Refund -
XXXXXX XXXXX , XXX 7/14/1989 Declining Balance Refund -
Xxxxxx Xxxxx & Hannah 1/14/2000 Declining Balance Refund 31,600.00
XXXXXXX XXXXXXXX 12/3/1989 90% Refundable 136,080.00
Hill/Xxxxx Xxxxxxxxx/Xxxxxx 7/15/2002 90% Refundable 207,000.00
XXXXXXXX XXXX 3/16/1990 Modified 90% Refundable 92,655.00
XXXXX XXXXXX, XXXX 9/29/1990 Modified 90% Refundable 92,655.00
XXXXX Xxxxxx, Xxxx 8/5/1996 Modified 90% Refundable 103,680.00
Hoennigswald Xxxxx 3/1/2002 90% Refundable 198,000.00
XXXXXXX XXXXXX, XXXXX 5/13/1996 Modified 90% Refundable 108,450.00
XXXX XXXXXX 10/1/1997 90% Refundable 175,050.00
XXXXX XXXX , XXXX 9/3/1989 90% Refundable 153,810.00
HOOD VIRGINIA, DORO 10/31/1989 90% Refundable -
XXXX XXXXXXXX 2/25/1990 90% Refundable 153,810.00
XXXXX XXXX, XXXXX 6/4/1989 Declining Balance Refund -
HUNTER XXXXXXX, XXXXX 6/15/1995 90% Refundable 216,000.00
XXXXXX XXXXXXXXX 11/8/1989 Modified 90% Refundable 65,655.00
XXXXXX XXXXXX, XXXXXX 11/8/1990 Modified 90% Refundable 107,000.00
Xxxxxxxxx Xxxxx, Xxxxxx 4/1/2001 90% Refundable 294,300.00
XXXXXXXXXX XXXXXX,XXXX 7/21/1997 90% Refundable 218,700.00
XXXX XXXX 8/23/1992 90% Refundable 151,110.00
Xxxxx Xxxxxx/Xxxxx 8/1/2002 Modified 90% Refundable 130,500.00
XXXXXX XXXX 9/29/1989 Declining Balance Refund -
XXXXXXX XXX 2/15/1991 Modified 90% Refundable 92,655.00
XXXXXXXX XXXXX 9/10/1993 90% Refundable 174,420.00
Xxxxxxx Xxxxx & Xxxx 2/1/1999 Declining Balance Refund -
XXXXXXXX XXXXXX, MARGAR 9/25/1992 Modified 90% Refundable 150,993.00
Xxxxxxxx Xxxxx 1/12/2000 Declining Balance Refund 26,500.00
XXXXX XXXXX, LOUIS ( 8/12/1989 90% Refundable 153,810.00
XXXXX P. XXXX, XXXXX 9/3/1992 90% Refundable 180,270.00
XXXXXX XXXXX 10/28/1989 90% Refundable 76,500.00
XXXXXX XXXXXXX 11/4/1990 90% Refundable 183,150.00
XXXXXXX XXXX, XXXXXXXX 4/3/1990 Modified 90% Refundable 136,890.00
XXXX XXXXXXX,VICTORI 10/8/2001 90% Refundable 294,300.00
Xxxxxxxxx Xxxx 11/16/2000 90% Refundable 180,270.00
XXXXXX XXXXXXXX 12/1/1997 Modified 90% Refundable -
XXXXXX XXXX 12/18/1993 Modified 90% Refundable -
Xxxx Xxxxxx 11/1/2000 90% Refundable 180,270.00
Xxxx Xxxxxxx 2/15/1999 Declining Balance Refund -
XXX XXXXXX 1/22/1996 90% Refundable 169,740.00
XXXXXX XXXXXX,XXXXXXX 2/1/1997 90% Refundable 252,900.00
Xxxxx XXXX 8/1/2002 90% Refundable 198,000.00
Xxxxxx Xxxxxx 10/23/2000 90% Refundable 183,510.00
XXXXX XXXXXXXXX, SID 10/17/1992 Declining Balance Refund -
XXXXXXX XXXXX, WINIFRE 5/17/1990 Modified 90% Refundable 114,966.00
XXXXXXXX XXXXXXX , XXXX 6/11/1989 90% Refundable 183,150.00
XXXXXXXX XXXXXXX 9/22/1991 90% Refundable 153,810.00
KLOTHEN XXXXXX,XXXXXX 10/15/1997 Modified 90% Refundable 134,550.00
XXXXXX XXXXXX 6/19/1996 90% Refundable 169,740.00
XXXXXX XXXXXX 9/3/1989 Modified 90% Refundable 67,455.00
Xxxxxx Xxxxxxxx 11/15/1999 90% Refundable 225,270.00
XXXXXXXXXXX XXXXXX 12/14/1993 Modified 90% Refundable 103,680.00
XXXXX XXXXXXXX 9/4/2001 90% Refundable 236,700.00
Xxxxxxxx/Xxxxxx Xxxxxx, Xxxxxxxxx 6/19/2002 Declining Balance Refund 114,400.00
XXXXXXXX XXXXX , XXXXX 6/15/1989 90% Refundable 172,530.00
XXXXXX XXXXX 9/29/1989 90% Refundable 136,080.00
Xxxxxx Xxx 11/25/2000 90% Refundable 183,510.00
Leeds Francys 2/15/2001 90% Refundable 198,000.00
XXXXXX XXXXXX,XXXXXXXX 7/1/1997 90% Refundable 178,200.00
XXXXXX XXXXXX 6/9/1997 90% Refundable 178,200.00
XXX VIRGINIA 6/7/1989 90% Refundable 136,080.00
XXXXXXX XXXXX, XXXXXX 9/14/1989 90% Refundable 159,300.00
Xxxxxxxxxx Xxxxxxxx 3/1/2003 90% Refundable 198,000.00
LEVANTINE XXX 6/10/1998 90% Refundable -
XXXXXX XXXXXXXX, XXXX 9/18/1989 90% Refundable 136,080.00
Xxxxxxxx Xxxxxxx, Xxxxxx 7/1/2002 90% Refundable 236,700.00
Xxxxx Xxxxxx 11/29/2000 Declining Balance Refund 66,000.00
Xxxxxxx Xxxx, Xxxxxxx 5/29/2001 Modified 90% Refundable 121,500.00
Xxxxxxxxxx Xxxxxx & Xxxxxx 4/28/1999 90% Refundable 183,510.00
Lippincott Xxxxxx, Xxxxxxx 9/15/2000 Declining Balance Refund 52,200.00
Xxxxxxxxx Xxxx, Xxxxxx 4/15/2002 Declining Balance Refund 99,600.00
XXXXX X. XXXXX 4/3/1994 90% Refundable 125,100.00
XXXXX XXXXXX 10/6/1989 90% Refundable 143,910.00
Xxxx Xxxxxx & Xxxxxx 12/1/1999 90% Refundable 183,510.00
XXXXXXXX XXXXX,XXXXXXX 9/4/1998 Declining Balance Refund -
XXXXXXXXX XXXXXX, XXXXX 3/1/1995 Declining Balance Refund -
XXXXXXX XXXX ELIZ 5/21/1991 90% Refundable -
Xxxxxxxxx Xxxxxxx & Xxxxx 5/1/1999 90% Refundable 260,460.00
XXXXXXXX XXX 8/5/1989 Modified 90% Refundable 67,455.00
XXXXXX XXXXXX, XXXXX 3/5/1994 90% Refundable 218,700.00
XXXXXXX XXXXXX 11/4/1993 90% Refundable 117,810.00
XXXXXXXX XXXXXX,XXXXXXXX 3/4/1996 Declining Balance Refund -
XXXXXX XXXXXX , XXXXX 7/25/1989 Modified 90% Refundable 84,555.00
May Xxxxxx & Xxxx 1/20/1999 Declining Balance Refund -
XXXXXX XXXXXX 12/1/1997 90% Refundable 121,500.00
XXXXXXXXX VIRGINIA 9/1/1996 90% Refundable 112,050.00
MEAGER ANTONY 9/3/1994 Declining Balance Refund -
Mein Xxxxxxx, Xxx 11/15/2002 90% Refundable 198,000.00
Xxxxxx Xxxxxx, Rosemar 10/24/2000 90% Refundable 125,100.00
Xxxxxx Xxxxxxxx 9/10/2001 Declining Balance Refund 84,600.00
XXXXXXX XXXXXX 7/10/1989 90% Refundable 136,080.00
XXXXX XXXXXX 7/3/1991 Modified 90% Refundable 65,655.00
Xxxxxx Xxxxxxxxx 7/12/2001 90% Refundable 198,000.00
XXXXXX XXXXXXXXXX 11/7/1992 Modified 90% Refundable 67,500.00
XXXXXX XXXXXXXXX, JAN 7/14/1989 Declining Balance Refund -
XXXXXX XXXXXXX, JOSEP 6/4/1989 Declining Balance Refund -
XXXXXXX XXXXXX 11/12/1994 90% Refundable 169,740.00
Xxxxxxxx Xxxxx 3/28/2002 90% Refundable 207,000.00
XXXXX XXX, XXXXXX 11/29/1992 Declining Balance Refund -
XXXXXXX XXXXXXXXX 7/27/1998 Declining Balance Refund -
XXXXXX XXXXXXX, XXXXX 4/21/1990 Modified 90% Refundable -
XXXXXX XXXXXX , EVA 7/17/1989 Modified 90% Refundable 86,355.00
XXXXX XXXXX 9/16/1996 Modified 90% Refundable 127,260.00
XXXXXXX XXXXXX 8/23/1990 Modified 90% Refundable 92,655.00
XXXX XXXXXXXXX 11/22/1989 Declining Balance Refund -
XXXX XXXXXXX 11/22/1989 Declining Balance Refund -
XXXX XXXXX, XXXXXXX 4/21/1994 Declining Balance Refund -
XXXX XXXXX,XXXXXX 9/30/1997 Declining Balance Refund -
XXXXXX XXXXXXXXX 5/24/1990 90% Refundable 136,080.00
XXXXX XXXXXXXXX(PEG) 12/3/1989 Declining Balance Refund -
Xxxxxxxxxxx Xxxx 2/1/2001 90% Refundable 198,000.00
XXXXXX XXXX, XXXX 11/4/1989 90% Refundable 153,810.00
XXXXX XXXXX , LUCILL 7/10/1989 90% Refundable 127,575.00
XXXXXXXXXX XXXXXXX, XXXXX 1/9/1992 90% Refundable 191,610.00
XXXXXXX XXXXXX , XXXXX 8/27/1989 Declining Balance Refund -
Xxxxxxxxxx Xxxxxxx 1/9/2002 90% Refundable 207,000.00
XXXXXXXXX XXXXXX 10/28/1989 90% Refundable 102,668.00
Philips Xxxxx, Xxxxxx 3/1/2002 90% Refundable 294,300.00
Xxxxxxxx Xxxxxx,Xxxxxxxx 5/7/2001 Declining Balance Refund 66,400.00
XXXXXXX XXXXX , XXXX 8/5/1989 90% Refundable 183,150.00
XXXXXXX XXXXX 8/5/1989 Declining Balance Refund -
XXXXX XXXX , XXXX 8/19/1989 90% Refundable 183,150.00
PITT XXXXXX, XXXXX 7/28/1989 Declining Balance Refund -
XXXXXXX XXXXXXX, ELIZ. 1/16/1990 90% Refundable 153,810.00
XXXXXX XXXXX 2/3/1993 90% Refundable 166,500.00
XXXXXX XXXXXX,TULU 4/14/1997 Declining Balance Refund -
Xxxxxx Xxxxx 10/6/2000 90% Refundable 183,510.00
XXXXXX XXXXXXXX, XXXX 6/18/1993 Declining Balance Refund -
POST XXXXXX, ELIZ. 12/3/1989 Declining Balance Refund -
XXXXX XXXXXXX 9/3/1989 90% Refundable -
XXXXX XXXXXXX, XXXX 11/5/1991 90% Refundable 228,150.00
PROWLER XXXXXXX 8/5/1998 90% Refundable 180,270.00
XXXXXX XXXXXX 12/22/1989 Modified 90% Refundable 65,655.00
RADZINOWICZ LADY 8/8/1997 Modified 90% Refundable 112,050.00
Raff Xxxxxx, Xxxxxx 3/1/2001 90% Refundable 252,000.00
XXXXX XXXXX 5/15/1998 90% Refundable 125,100.00
XXXXXXX XXXXX, XXXX 9/29/1989 90% Refundable -
XXXXXXX XXXX 6/17/1997 90% Refundable 121,500.00
Xxxxx/Xxxxxxx Xxxxxx, Xxxxxxxx 11/4/2002 90% Refundable 236,700.00
XXXXXX XXXX 6/15/1989 Declining Balance Refund -
XXXXXXXXXX XXXXX, XXXX 10/20/1989 90% Refundable 172,530.00
Rin Xxxxxx 5/15/2000 90% Refundable 198,000.00
Xxxxxxx Xxxxxxx 3/15/2002 90% Refundable 198,000.00
XXXX XXXXXX 12/11/1995 Declining Balance Refund -
RITZ HOPE 9/29/1995 Declining Balance Refund -
Xxxxxxx Xxxxx 7/19/2001 90% Refundable 198,000.00
Xxxxx Xxxxx 3/23/2001 90% Refundable 125,100.00
XXXXXXXX XXXXXX , XXXX 8/5/1989 Declining Balance Refund -
XXXXXXX XXXXXX, THURNE 6/4/1989 Declining Balance Refund -
Xxxxxxx Xxxxx, Xxxxx 5/28/2001 90% Refundable 207,000.00
XXXXXXX XXXXXX 10/30/2001 Declining Balance Refund 85,800.00
XXXXXXXXX XXXX 9/14/1989 90% Refundable 108,810.00
ROSENMAN XXXXXXX, XXXXX 12/27/1995 90% Refundable 169,740.00
XXXXXXXXXX XXXXX, NATALIE 5/23/1992 Modified 90% Refundable 110,655.00
XXXXXXXX XXXXX, XXXX 11/15/1990 90% Refundable 151,110.00
XXXXX XXXXXX, LUCY 2/25/1994 90% Refundable 254,520.00
Xxxxxxxx Xxxxxxx, Marjor 9/15/2000 Declining Balance Refund -
Xxxxxxxx Xxxxx 3/30/2001 90% Refundable -
XXXXXXXX MAY 2/18/1990 Modified 90% Refundable 65,655.00
Xxxxxx Xxxxx & Xxxxx 7/15/2000 Declining Balance Refund 66,000.00
XXXXXXX XXXXX 11/1/1995 90% Refundable 169,740.00
XXXXXXX XXXXX 3/17/1998 Declining Balance Refund -
Xxxxxxxxx Xxxx 5/21/1999 90% Refundable 180,270.00
Xxxxxxxxx Xxxxxx & Beatri 10/5/1999 90% Refundable 183,510.00
Xxxxxx Xxxxxxxx 12/1/2002 Declining Balance Refund 119,200.00
XXXXXXX XXXXXX,GWENDOW 3/3/1998 90% Refundable 281,700.00
Xxxxx Xxxxxxx, Xxxx 2/10/2001 90% Refundable 180,270.00
Xxxxx Xxxxxxx & Xxxx 4/1/2000 90% Refundable 225,270.00
Xxxxx Xxxxx & Xxxxxxx 1/17/2000 Modified 90% Refundable 135,360.00
XXXXXXXX XXXXXXXX 11/26/1996 90% Refundable 121,500.00
Xxxxxx Xxxxxx, Xxxxxxx 8/1/2002 90% Refundable 207,000.00
XXXXXX XXXXX 9/1/1998 90% Refundable 225,270.00
Xxxxx Xxxxxxx 12/18/2002 Modified 90% Refundable 75,600.00
XXXXXXX XXXX , XXXXXXX 8/5/1989 90% Refundable 159,300.00
XXXXXXX XXXX, XXXXXXX 12/3/1993 Modified 90% Refundable 127,260.00
XXXXXXX XXXXXX 4/3/1991 Modified 90% Refundable 67,500.00
XXXX XXXXXX, XXXX. 6/7/1989 Declining Balance Refund -
XXXXXXXXXXX XXXX 7/28/1989 90% Refundable 159,300.00
SHENKIN XXXXX , XXXXX 7/3/1989 90% Refundable 159,300.00
XXXXX XXXX 12/25/1997 Modified 90% Refundable 107,100.00
Xxxxxx Xxxxx 1/1/2002 90% Refundable 236,700.00
Xxxxxxxxxx Xxxxx & Xxxxxx 7/17/2000 90% Refundable 180,270.00
XXXXXXXXX XXXX 8/1/1990 90% Refundable 153,810.00
Xxxxxxxxx Xxxxxx 4/19/1999 Declining Balance Refund -
XXXXX XXXXX 2/12/1998 Modified 90% Refundable -
XXXXXXX XXXXXXX 9/21/1990 Modified 90% Refundable 90,675.00
Xxxxxxxx Xxxxxx 8/7/2001 90% Refundable 198,000.00
XXXXX XXXXXXX 7/28/1989 Declining Balance Refund -
XXXXX XXXXXX 12/27/1996 90% Refundable -
SMITH JOHN , MARY 6/4/1989 Declining Balance Refund -
SMITH LOIS 8/9/1994 Declining Balance Refund -
Snopkowski Daniel 5/12/2001 90% Refundable 207,000.00
Sokoloff Adrienne 11/15/1999 Declining Balance Refund 26,500.00
Solomon Sylvia 6/1/2002 90% Refundable 125,100.00
SOLOMON BEATRICE 6/9/1995 Modified 90% Refundable 70,740.00
Solomons Miriam 8/29/2000 90% Refundable 225,270.00
SOLOW ABRAHAM 9/5/2001 90% Refundable 198,000.00
SOMMER EDWARD,VIRGINIA 11/1/1997 90% Refundable 218,700.00
SPINGARN EDWIN , RUTH 6/4/1989 Declining Balance Refund -
ST. CLAIRE ELBERT, JEAN 10/17/1992 Modified 90% Refundable 103,500.00
STAGER DONALD 9/13/2001 Modified 90% Refundable 75,600.00
Stambrook Lily 3/15/2000 Declining Balance Refund 26,500.00
STARR FREDERICK, FRA 4/6/1992 90% Refundable 191,610.00
Stavis Esther 7/28/1995 Modified 90% Refundable 70,740.00
STEELE JOSEPH, MARTHA 11/12/1994 Declining Balance Refund -
STEERE DOUGLAS, DOROT 8/5/1989 90% Refundable -
STEVENSON MARGARET 4/3/1990 90% Refundable 212,760.00
Stiller Joy 8/26/1999 Modified 90% Refundable 135,360.00
STOLLEY ROSALIE 8/19/1989 Modified 90% Refundable 86,355.00
Stone Peggy 4/6/2001 Declining Balance Refund 37,600.00
STRADLEY CATHERINE 2/3/1990 90% Refundable 191,610.00
STROUD STAN, MARJORIE 3/5/1990 90% Refundable 228,150.00
SUGGS LAURA 12/1/1996 90% Refundable -
Sun Wellington, Bar 6/7/2001 Declining Balance Refund 85,800.00
SUTTON ELOISE 10/19/2001 90% Refundable 236,700.00
SZABAD GEORGE , SHIRL 6/29/1989 90% Refundable 245,160.00
Talucci Louise 2/1/2003 90% Refundable 236,700.00
Tarlow Ellen 3/21/2000 Declining Balance Refund 18,800.00
Tarnoff Fleur 1/2/1999 90% Refundable 183,510.00
THOMAS WILLIAM, MILDRE 6/5/1995 90% Refundable 229,410.00
THOMSON RICHARD, CLARI 11/19/1993 90% Refundable 212,130.00
TOMPANE ALBERT 7/6/1992 Modified 90% Refundable 67,500.00
Tose Florence 9/29/2000 90% Refundable 225,270.00
TRAVIS W. LENNIG, DOR 8/1/1989 90% Refundable -
TRIPP REED, JANEANN 8/30/1989 90% Refundable 169,740.00
TROBE JACOB, ADELE 12/14/1993 Declining Balance Refund -
TRONCELLITI MARIO,KATHRYN 2/7/1996 90% Refundable -
TUBBS MARION PAYNE 10/20/1993 90% Refundable 169,740.00
TYRE JANET 10/21/1998 Modified 90% Refundable 135,360.00
UNTERBERGER THEODORA 9/25/1991 Modified 90% Refundable 110,655.00
Urban Linwood, Ann 1/1/2002 Declining Balance Refund 99,600.00
Vasco Gerhard 9/1/2002 Declining Balance Refund 119,200.00
VICTOR TRUDY 10/31/1992 Modified 90% Refundable 99,000.00
VONLAUE HILDEGARDE 1/2/1990 90% Refundable 127,575.00
WAGNER MORRISE 11/12/1990 90% Refundable 153,810.00
Waldron William 5/1/2001 90% Refundable 125,100.00
WALKER RUTH 11/8/1989 90% Refundable 153,810.00
WALLACE FRANK 9/21/1989 Modified 90% Refundable 110,655.00
WARREN REID , MARION 7/28/1989 Modified 90% Refundable 86,355.00
Weidman Kathryn 1/20/2001 90% Refundable 180,270.00
Weiner Charles,Emily 5/14/2002 90% Refundable 198,000.00
Weinstock Jerome & Marily 12/20/2000 90% Refundable 180,270.00
Weir Martha 6/14/2000 Declining Balance Refund 37,600.00
Welte Roberta 11/19/1999 90% Refundable 183,510.00
WERNER HARRY , MILDRE 10/9/1989 90% Refundable -
Whitaker Helen 1/26/2001 Modified 90% Refundable 121,500.00
WHITE BERNARD,FRANCIS 5/19/1995 Modified 90% Refundable 147,060.00
WILBUR C. MARTIN, KAT 8/5/1989 Declining Balance Refund -
WILKINSON RICHARD 6/16/1998 90% Refundable 225,270.00
Willetts George & Audrey 1/18/1999 90% Refundable 260,460.00
WILLOUGHBY MARY 6/29/1989 Declining Balance Refund -
WILSON MARY 10/24/1993 90% Refundable 117,810.00
WILSON Nancy 8/1/2002 90% Refundable 207,000.00
Winters Shirley 8/12/1999 Declining Balance Refund 31,600.00
WISHNER DOROTHY 12/29/1989 Modified 90% Refundable -
WOLFE MARTIN, DOROTHY 6/6/1995 Declining Balance Refund -
WOOD HORTENSE BADER 12/29/1994 90% Refundable 117,810.00
WOOD HOWARD, ANN 1/16/1990 90% Refundable 212,760.00
WOODBURY CLIFFORD, ETHE 11/8/1989 90% Refundable 172,530.00
Worth Tobia 6/4/1999 90% Refundable 125,100.00
YEARSLEY HELEN 8/23/1994 90% Refundable 169,740.00
YOST FRED, JESSE 2/25/1990 90% Refundable -
Young John, Mary 10/1/2000 90% Refundable 183,510.00
ZALLMAN SARAH 4/1/1998 Declining Balance Refund -
ZIMMERMAN L.WILBUR 11/2/1998 90% Refundable 125,100.00
ZIURYS EUGENE 6/29/1994 90% Refundable 169,740.00
ZWICK RUTH EVELYN 7/3/1989 90% Refundable 127,575.00
------------------
50,958,830.00
------------------
Schedule 2
Outstanding Fairfax Bonds
LAST NAME FIRST NAME Entry Plan 3/26/2003
Bond
Date Type Amount
------------------------------------------------------------------------------------------------------------------
ACREE NATHAN 8/12/1997 Non-Refundable -
ADINARO COL JAMES, MRS 11/29/1992 Original 95% 178,980.00
AHEARN CHARLES E. 1/29/2001 Original 95% 104,310.00
ALLAN MILDRED 1/5/1998 Non-Refundable -
ALLEN BLAIR & JOANNE 2/19/1997 Non-Refundable -
ALMQUIST LTG ELMER, MRS 9/3/1991 50% 80,465.00
ANDERSON COL ORVIE, MRS 12/22/1990 Moderate 95% 126,540.00
ANDERSON EDITH 10/31/2000 50% 81,130.00
ANDRUSKA MRS. BRUNO, CO 8/8/1993 Original 95% 216,837.50
APPEL MG JOHN, MRS. 12/3/1993 Original 95% 190,570.00
ARMSTRONG GLADYS 2/7/2000 Non-Refundable -
ARMSTRONG MRS. INGRID 3/16/1990 Moderate 95% 78,707.50
ARNOLD DOROTHY 9/4/2001 50% 70,145.00
ATKINSON IVAN & PHYLLIS 12/4/2001 Non-Refundable -
AUSTIN DR. GEORGE, MR 11/15/1990 Moderate 95% 88,445.00
BAGNULO COL ALDO, MRS. 3/1/1990 Moderate 95% 240,255.00
BAILEY LTC. PAUL & MRS 2/15/1995 Original 95% 108,395.00
BAILEY MRS. MARJORIE 8/5/1989 Moderate 95% 36,005.00
BAKER MURIEL 2/25/2000 50% 71,085.00
BALCH RICHARD & KATHL 5/16/2001 Original 95% 217,265.00
BALLENGER ANITA P. 4/12/1996 Non-Refundable -
BANKER COL ROBERT, MR 10/17/1993 Original 95% 211,090.00
BARCA LEONA M. 5/9/2000 Non-Refundable -
BARNETT GERTRUDE 7/20/1998 Original 95% 178,220.00
Barrett Frank 9/1/1994 Moderate 95% 77,092.50
Barron Paul,Ruth 2/25/2002 Non-Refundable -
BARSCHDORF COL MILTON, MR 10/28/1989 Moderate 95% 116,327.50
BATCHELDER BERNARD M. 11/15/1996 Moderate 95% 176,372.00
BAUMANN PATRICIA 3/18/1998 Non-Refundable -
BEARDEN MAJ WM , MRS. 8/5/1989 Moderate 95% 116,327.50
BELL LLOYD 4/1/2002 Original 95% 100,890.00
BENJOVSKY LTC VICTOR, MR 10/6/1991 Moderate 95% 93,670.00
BENTZEN LTC IRVIN L. 11/30/1991 Moderate 95% 71,774.50
BERNDTSON CAPT ARTHUR 7/22/1991 Moderate 95% 68,827.50
Besaw William, Laura 10/10/2002 50% 78,505.00
BETZOLD GWENDOLYN 7/13/1998 50% 53,660.00
BISHOP ALMA F. 3/30/1998 Original 95% 161,880.00
BLACKWELL GEORGE 11/29/2000 Original 95% 169,195.00
BLANCHARD GEORGE, BETH 5/8/2002 Non-Refundable -
BLOECKER LTC VICTOR, MR 3/16/1990 Non-Refundable -
BODEN MARJORIE 1/7/2003 Original 95% 179,360.00
BOLEYN MRS JOHN 7/10/1990 Moderate 95% 82,935.00
BOTCHIN COL PHILIP, MR 11/22/1989 Moderate 95% 166,250.00
BOWYER COL OSCAR R., 9/18/1989 Non-Refundable -
BRADLEY MRS. MYRA 10/3/1991 Moderate 95% 92,435.00
BRANCH COL ELIZABETH 9/29/1989 Moderate 95% 105,735.00
BROCK CLARENCE 12/19/2001 Non-Refundable -
BRUCE COL BURTON, MR 9/7/1989 Moderate 95% -
BRUNACCI COL GUY 11/30/1990 Moderate 95% 60,182.50
BRUST ROBERT & LOIS 7/19/1999 50% 94,185.00
Bryant David, Nancy 9/17/2002 Non-Refundable -
BUEHLER DORIS 2/11/2003 Non-Refundable -
BUIE COL JAMES C., 5/24/1991 Moderate 95% 105,165.00
BURGER COL ROBERT, MRS 6/22/1994 Original 95% 137,370.00
BURNS LTC LEE, MRS. 3/1/1990 Moderate 95% 155,515.00
BURNS MRS. KATHERINE 12/29/1989 Moderate 95% 83,980.00
BURRY DR WILLIAM, MR 11/4/1989 Moderate 95% -
BURTON MG JONATHON, M 11/4/1989 Moderate 95% 117,562.50
BUTT MRS. HENRY 8/9/1991 Moderate 95% -
Buttleman Alice 12/24/2002 Original 95% 237,310.00
BUTTON MRS. JEAN 9/29/1989 Original 95% 110,770.00
CABELL HENRY, MARGARET 5/17/2002 Non-Refundable -
CALLAHAN PARTICK & NELL 8/7/1997 Moderate 95% 101,080.00
CAMERON JOHN 4/15/2002 Original 95% 117,135.00
CAMP COL ROBERT, MR 4/17/1990 Moderate 95% 105,735.00
CAMPBELL THERESA 4/4/1996 Original 95% 169,005.00
CAMPBELL WM & JEANNE CAS 2/4/1997 Non-Refundable -
CANTLAY WILHELMINA 4/27/2001 50% 92,500.00
CARD MRS LAVINA C 8/1/1990 Moderate 95% 65,502.50
CARLINI VICTORIA 2/3/2002 Moderate 95% 56,667.50
CARTER DONIPHAN & ELEA 12/27/2000 Non-Refundable -
CARTER VIRIGNIA S. 7/30/2001 50% 84,920.00
Cassedy Geraldine 9/7/1991 Moderate 95% 50,635.00
CASSIBRY Robert, Patricia 9/12/2002 Moderate 95% 144,067.50
CASSIDY LTC MARGARET 10/28/1989 Moderate 95% 105,735.00
Cates Clifton 1/11/2002 Non-Refundable -
CHAMBLIN COL FRANCIS 7/3/1992 Moderate 95% 89,537.50
CHANDLER CAPT CHARLES 1/6/1992 Moderate 95% 64,695.00
CHANEY FRANCIS E., MR 4/10/1992 Moderate 95% 134,567.50
CHAPMAN COL WILLIS, MR 1/1/1993 Original 95% 231,705.00
CHAPMAN MRS. DOROTHY 9/3/1994 Original 95% 175,536.25
CLAGETT COL ROBERT H., 9/7/1989 Non-Refundable -
CLARKE GEN FREDERICK, 9/21/1989 Moderate 95% 198,360.00
CLAUSING LTC GERALD, MR 11/4/1989 Non-Refundable -
COATES MRS. DOROTHY B 8/5/1989 Original 95% 83,695.00
COCANOUGHER COL. EUGENE 12/29/1989 Non-Refundable -
COHEN COL LEO, MRS. 9/18/1993 Original 95% 124,165.00
COLACICO FRANK & ANNA 9/19/1997 Original 95% 251,180.00
COLEMAN FRANCIS J. 5/9/2001 Non-Refundable -
COLLINS LTC JEFFERSON, 11/1/1991 Moderate 95% 107,587.50
COLLINS MRS. NAOMI 8/4/1992 Original 95% 236,740.00
CONCANNON CDR CHARLES 10/17/1991 Moderate 95% 67,972.50
CONDIT ROSS & KATHY 8/20/1998 Non-Refundable -
CONELL MARY 1/28/2003 50% 70,280.00
CONNELL JAMES 1/19/1999 Non-Refundable -
CONNELL MRS. FILOMENA 9/29/1990 Original 95% 124,640.00
CONNOR ROBERT T. 9/28/1998 Non-Refundable -
CONVEY MRS. ROBERTA 6/26/1991 Moderate 95% 62,320.00
COOKSEY HOWARD&ALTHEA 1/22/1997 Non-Refundable -
COOPER COL HARRY, MRS 12/7/1990 Moderate 95% 85,595.00
COORSH HARRY & ANITA 8/15/2000 Non-Refundable -
CORDERMAN MG PRESTON, MR 4/21/1994 Original 95% 295,640.00
CORNETT MARY A 5/3/1996 Non-Refundable -
CORSO BARBARA A. 1/30/2001 Original 95% 117,135.00
CORTELYOU STODDARD & JEAN 9/5/1996 Moderate 95% -
COUCH COL JOSEPH , M 8/5/1989 Moderate 95% -
COWHERD ROBERT M. 10/1/2001 50% 69,030.00
CRADDOLPH DELORES 5/31/1999 Non-Refundable -
CRAM JANE H. 8/14/1997 Non-Refundable -
CRAMER COL RAYMOND, M 7/28/1993 Original 95% 175,940.00
CRAWLEY EILEEN T. 12/1/1998 Original 95% 175,275.00
CROSS JAMES & LENORA 3/31/1997 Non-Refundable -
CURTIN MG ROBERT, MRS 10/28/1991 Moderate 95% 113,382.50
Custer Samuel,Charlott 2/25/2002 Non-Refundable -
Czerwenka Ellen 10/1/2002 Non-Refundable -
DAVIS RUTH B 12/8/1998 Non-Refundable -
DAVIS VIRGIL, MARGARE 3/7/2002 Original 95% 215,270.00
DELONG JANE V. 5/10/2001 Non-Refundable -
DEMARCUS JOHN 9/15/1997 50% 52,465.00
DEMILT HELEN 9/12/1997 Non-Refundable -
DENNEY MILDRED 1/6/1998 Original 95% 158,175.00
DERRYBERRY MRS. JOSEPHINE 6/8/1991 Moderate 95% 79,990.00
DESMOND CPT RALPH, MRS 2/25/1990 Original 95% 172,520.00
DETTINGER GARTH & JEFFA 7/17/1997 Non-Refundable -
DICKERSON JEAN 4/23/1999 Original 95% 141,930.00
DIERCKS COL FREDERICK 3/27/1991 Moderate 95% -
DIFUSCO ENIS 6/14/1999 Original 95% 219,260.00
DODGE BG ROY T., MRS 6/8/1994 Moderate 95% 110,390.00
DOEPPNER THOMAS & MARJOR 2/25/2000 Non-Refundable -
Donahue Thomas, Helen 12/2/2002 Original 95% 195,700.00
DONHUE LTC. JOSEPH & M 9/8/1995 Original 95% 183,255.00
DORLAND COL GILBERT, M 10/17/1989 Moderate 95% -
DOUGHERTY HELEN B. 9/13/2000 Original 95% 173,945.00
DOUGLAS WALTER E. 5/22/2001 Original 95% 111,322.90
DUNN CARROLL & LETHA 4/2/1996 Original 95% 123,951.00
DUPART ANNA V. 10/25/1991 Moderate 95% 86,972.50
EBERLY MRS. AVALEEN 6/18/1992 Original 95% 138,605.00
EDWARDS EDMUND & JANE 7/26/2001 50% 99,200.00
EDWARDS LTC CORWIN, MR 3/27/1990 Moderate 95% 85,025.00
EGAN JOHN & THERESE 12/8/2000 50% 76,576.00
ELLIS MRS. VIRINIA 1/6/1992 Moderate 95% 85,595.00
ELWELL COL KENNETH, M 11/19/1989 Moderate 95% 87,210.00
EWELL LTG JULIAN, MR 11/11/1989 Moderate 95% 129,342.50
FAIRBANKS MRS. SALLY 1/27/1990 Original 95% 205,770.00
FARMER COL JAMES L., 11/1/1991 Moderate 95% 66,737.50
FARRELL WALTER & MARION 7/23/2001 Original 95% 226,480.00
FARRINGTON EDMOND & MARY 4/3/2000 Non-Refundable -
FAVER WALTER, IRENE 1/31/2002 Non-Refundable -
FICKEL MRS ARTHUR 7/7/1990 Moderate 95% 100,795.00
FIELDING CDR GEORGE, MR 8/24/1991 Moderate 95% 73,435.00
FINKE COL JOHN, MRS. 8/12/1993 Moderate 95% 67,925.00
FINNEGAN AUDREY H 5/28/1996 50% 39,495.00
FISHER MARY F. 7/6/2000 Original 95% 138,682.90
FISHER RUTH K. 7/11/2001 Original 95% 123,500.00
FLETCHER CDR KEITH, MRS 4/3/1994 Original 95% 174,515.00
FLORY MRS. KATHARINE 8/27/1989 Original 95% 228,950.00
FORD WILFORD, PEGGY 3/14/2002 50% 117,795.00
FORKHAMER LAWRENCE&MARYEL 3/30/1999 Non-Refundable -
FREDERICK ELIZABETH 8/16/1989 Original 95% 100,510.00
FREED BARBARA 1/10/2002 Original 95% 139,365.00
FRIEDBERG ARTHUR 6/21/1999 Non-Refundable -
FRITZ COL WILLIAM 10/28/1989 Original 95% 128,155.00
FULTON WILLIAM & MARJO 9/4/1998 Non-Refundable -
FUREY LETIZIA 10/15/1996 Non-Refundable -
GARNISH J.HOWARD & MARI 8/16/1991 Moderate 95% 94,145.00
GAZDO SOPHIE 12/26/2001 Original 95% 178,125.00
GIBBONS MARY G. 12/21/2000 50% -
GIBBONS MRS. ANINA 4/24/1995 Moderate 95% 78,470.00
GILBERT BERTRAM 1/10/2003 Original 95% 214,035.00
GILMAN COL SEYMOUR, M 12/11/1990 Original 95% 202,350.00
Glauber Margaret 1/30/2002 Moderate 95% 154,802.50
Gorman Vincent,Lucy 3/4/2002 Original 95% 188,860.00
GRAEVES MRS VIVIAN 4/17/1990 Original 95% 127,015.00
GRAHAM POLLY 1/4/1997 50% -
GRAVES WILLIAM&MARGUEI 11/17/1997 Non-Refundable -
GRAY MRS. JOSEPHINE 9/25/1991 Moderate 95% 86,972.50
GREENWELL MARTIN 12/20/2000 Non-Refundable -
GREGG COL FRANK, MRS 6/15/1995 Non-Refundable -
HAINS MG PETER C., M 9/21/1989 Moderate 95% 79,277.50
HALEY MRS. MARGERY 9/25/1995 Original 95% 135,446.25
HALL BG LINSCOTT, M 9/3/1991 Moderate 95% 88,445.00
HALL CMDR HARVEY, M 3/1/1991 Moderate 95% 86,972.50
HALL JULIUS&DORIS 6/14/1999 Non-Refundable -
HAMMOND COL. DAVID 1/4/1995 Moderate 95% -
HANFORD IVA 10/18/1996 Moderate 95% 68,530.00
HANNAH MRS. CATHERINE 7/28/1995 Moderate 95% 41,875.00
HANST BARBARA 1/29/1999 50% 81,340.00
HANST KENNETH F. 1/29/1999 50% -
HARRISON MRS. ELIZABETH 2/14/1995 Original 95% 120,816.25
HAWKINS WILLIAM & VIOLA 12/30/1998 50% 128,895.00
HAYES HAROLD & ANITA 12/27/2000 Non-Refundable -
HEISS GERSON 11/15/2000 50% 54,285.00
HENDRICKS MRS. ANNIE V. 8/5/1989 Moderate 95% 117,990.00
HENSON HAROLD T & ILSE 11/13/1998 50% 114,135.00
HERRING MRS. HANNAH 11/1/1991 Moderate 95% 66,737.50
HESS COL. ALFRED 1/17/1995 Original 95% 106,970.00
HEYMONT IRVING 12/15/1998 Original 95% 189,810.00
HICKS MRS. TAINA 8/12/1989 Original 95% 120,935.00
HIGGINS WILLIAM J.,JR 4/9/1998 Original 95% 178,125.00
HILDER AIMEE 11/5/1998 Original 95% -
HILL BEN & LAVERNE 12/14/2000 Original 95% 223,345.00
HILL MARGARET 11/6/1998 Non-Refundable -
HILLARD HELEN 1/28/2003 Original 95% 100,890.00
HINES COL CHARLES B. 8/23/1989 Original 95% 99,055.00
HOLMES MRS. DOROTHY R 10/20/1989 Original 95% 113,050.00
HORNER MRS. SAMUEL 8/30/1989 Original 95% 141,170.00
HOSKA COL LUKAS, MRS 9/18/1989 Original 95% 117,990.00
HUGHES MRS. ELEANOR 11/11/1989 Moderate 95% 46,122.50
HUGHES NATALIE 7/21/2000 Non-Refundable -
HUGHES NATALIE 7/21/2000 Non-Refundable -
Hummer Jeanne 1/4/1999 Non-Refundable -
HUNTER MRS. KENNETH 1/31/1990 Original 95% 101,440.00
HURLBURT BARBARA R. 4/26/2001 Non-Refundable -
HUTCHISON LTC WARREN, MR 8/8/1989 Moderate 95% 74,812.50
IVES COL RALPH, MRS 4/6/1990 Moderate 95% -
JACKSON ROY, MRS. 7/3/1993 Moderate 95% 107,445.00
JACOBSEN MARIAN 1/6/1998 Non-Refundable -
JAESCHKE CDR JOHN & FLOR 11/27/1995 Original 95% 75,064.50
JAMISON MRS. CLAIRE 8/9/1991 Moderate 95% 99,512.50
JEPSON COL HANS, MRS 9/29/1989 Moderate 95% 74,028.75
JILLSON COL STUART 11/8/1989 Moderate 95% 64,410.00
JOHN COL WILLIAM E. 11/16/1991 Moderate 95% -
JOHNSON CAPT EDWIN & 11/1/1991 Moderate 95% 107,587.50
Johnson Darren, Amelia 3/17/1999 Non-Refundable -
JOHNSON MRS. DOROTHY R 10/17/1989 Moderate 95% 103,075.00
JOHNSON MRS. WENDELL 10/9/1989 Moderate 95% -
JONES COL ALAN, MRS. 11/4/1989 Original 95% 216,600.00
JORDAN THORNTON 5/26/1999 Non-Refundable -
JOSE ALLAN 1/28/2003 Non-Refundable -
Josephson Alan,Ingeborg 4/24/2002 Non-Refundable -
Kean Leah 4/2/1999 Non-Refundable -
KEEGAN CHRISTOPHER 4/10/2002 Original 95% 210,045.00
KENYON CAPT ALBERT, M 4/17/1994 Original 95% 178,742.50
KERKERING COL JOHN, MRS. 9/3/1993 Moderate 95% 106,495.00
KERN ANNE 11/15/2001 Moderate 95% -
KERSEY GRACE 3/11/2003 Non-Refundable -
KIECHEL WALTER & MARY 1/30/1999 Original 95% 220,970.00
KIEFFER COL PIERRE 10/6/1989 Original 95% 152,950.00
KILBY COL ALBERT, MR 12/26/1991 Moderate 95% 60,467.50
KING DAVID & LUCY 8/10/2000 Non-Refundable -
KINZER ELIZABETH 4/7/1999 Original 95% 234,840.00
KLEPPER CATHERINE 4/6/1999 Non-Refundable -
KOEHLER MRS. DOROTHY 9/7/1995 50% 105,675.00
LAMKIN MRS. FLETCHER 8/12/1992 Moderate 95% -
LANCER MG THOMAS F., 9/3/1991 Moderate 95% -
LANGE COL H.H.W., MR 11/11/1989 Original 95% -
LARSON MRS. ZDENKA 9/21/1993 Moderate 95% 276,236.25
LAUGERMAN COL JOHN, MRS. 12/7/1989 Moderate 95% 76,997.50
LAWRENCE JAMES & DIANA 2/19/1999 Non-Refundable -
LEE CARL & CAROL 11/11/1996 Moderate 95% 84,385.00
LEIGHTON RICHARD & VIRGI 5/13/1996 50% 112,560.00
LELAND COL EDWIN, MRS 1/27/1990 Moderate 95% -
LEONARD MG CHARLES 11/4/1989 Moderate 95% 144,020.00
LEVAN MRS. AVONIA 8/19/1989 Original 95% 115,235.00
LEVEY LTC MEYER & HEN 8/2/1995 Moderate 95% 78,280.00
LEWIS COL JAMES, MRS 5/20/1993 Original 95% -
Lewis George, Alice 9/10/2002 50% 59,360.00
LIEBMANN COL ERNEST, MR 2/11/1994 Moderate 95% 121,291.25
LIGGETT COL JOHN, MRS. 6/7/1992 Moderate 95% 98,515.00
LIGHTFOOT MRS. JANICE 11/4/1989 Moderate 95% 66,025.00
LINN LTC RUBY 3/5/1990 Moderate 95% 97,232.50
LITTY COL STANLEY 10/10/1991 Moderate 95% 71,107.50
LOLLIS MG SHELTON, MR 7/25/1991 Moderate 95% -
LONG STELLA H. 8/16/2000 50% 58,706.00
LORENCE MRS. ANNA MARY 10/3/1991 Moderate 95% 86,972.50
LUCKIE MRS. MARY 1/3/1995 Moderate 95% 55,622.50
LYCAS MRS. MARY 2/22/1994 Moderate 95% 173,327.50
LYNCH PATRICIA GATES 5/18/2000 Non-Refundable -
LYNN JAMES & NANCY 5/19/2000 Non-Refundable -
MACASKILL ROSS & HELEN 1/13/1999 Non-Refundable -
MACE HERMAN & DOROTH 6/1/1996 50% 87,220.00
MACKLIN JAMES & SARAH 5/11/2001 Non-Refundable -
MADIGAN JOHN J. 5/7/1998 Non-Refundable -
MALTAIS ELLEN 3/29/1999 Original 95% -
MANCHESTER KATHARINE E. 5/24/1991 Original 95% 224,057.50
MAPLES HERRON & MARY 9/19/2000 Original 95% 310,555.00
MAREYDT COL ALBERT, MR 4/17/1993 Moderate 95% 104,832.50
MARKER MRS. MARISKA 11/11/1989 Non-Refundable -
MARTIN JULIAN & MARY F 4/12/1996 Non-Refundable -
MATHENY CATHERINE 3/7/2002 Original 95% 255,455.00
MATTIE MRS. ELISABETH 12/14/1989 Original 95% 127,015.00
MAULSBY CAPT ROBERT, M 11/4/1990 Moderate 95% 107,587.50
MAZETIS LTC WALTER 11/11/1989 Moderate 95% 83,980.00
McAuliffe Dennis,Kathleen 2/19/2002 Original 95% 356,820.00
McCAHILL COL WILLIAM, M 11/4/1989 Moderate 95% 169,480.00
MCCARTNEY MRS. DIXIE 6/15/1994 Moderate 95% -
McClellan Thomas, Jane 9/26/2002 Original 95% 327,655.00
McDONALD MRS. ELINOR 8/4/1992 Moderate 95% 139,270.00
MCDONALD THELMA 11/10/1998 50% 78,470.00
MCGLONE GERALD & BARBAR 11/5/1998 50% 80,850.00
MCGOVERN ELIZABETH 1/27/2003 50% 51,250.00
MCGREGOR COL. EDWARD , 10/24/1992 Original 95% 182,518.75
MCGREGOR MARION 1/4/1997 Original 95% 205,960.00
McHugh Alice Z. 1/10/1997 50% 59,290.00
MCKEE JAMES & ELLEN 4/16/1996 Non-Refundable -
MCKENNA MARY M. 8/14/2001 Original 95% 150,480.00
MCLEAN WILLIAM H., JR. 7/23/2001 Non-Refundable -
MCLUCAS JOHN, HARRIET 1/28/2003 Original 95% 328,510.00
MCNAMARA LTG ANDREW, MR 3/1/1990 Moderate 95% -
MILLER MARGARET 4/29/1999 Original 95% 195,356.10
MOONEY LTC ARTHUR, MR 12/22/1989 Moderate 95% 103,075.00
MOORE ANNELISE 9/24/1998 Non-Refundable -
MOORE MRS. ANN 10/2/1989 Original 95% 149,625.00
MOYNIHAN COL. WILLIAM, 10/2/1992 Moderate 95% 85,357.50
MUELLER DAVID 4/11/2002 Moderate 95% 102,172.50
Mulligan Edward, Helen 3/4/1999 Non-Refundable -
NEESE LTC EDWARD 8/1/1990 Moderate 95% -
NEFF COL LEO M., MR 5/2/1991 Moderate 95% 137,607.50
NERI MICHAEL & WALBU 12/23/1998 50% 63,700.00
NEWQUIST PATSY 2/12/2003 Original 95% 208,335.00
NISWANDER CAROL 12/7/1991 Original 95% 120,175.00
O'BRIEN COL JOHN A. 8/27/1989 Original 95% 87,020.00
O'Connor Andrew,Blanche 3/11/2002 Non-Refundable -
ODEN MG DELK, MRS. 11/19/1989 Moderate 95% -
OLIVER WILLIAM P., JR 7/12/2001 Non-Refundable -
OLSON VIRGIL D. 8/12/1996 Moderate 95% -
O'NEIL LT WILLIAM, MR 12/15/1991 Original 95% 172,235.00
O'NEILL DORTHEA 5/15/1996 50% 41,055.00
OPP MRS RICHARD 3/8/1990 Moderate 95% -
ORTZMAN WELCH) MRS ARIA 3/5/1990 Original 95% 110,865.00
OSTROM CHARLES & BETTY 6/17/1997 Non-Refundable -
PACK CHARLES&MARJORI 7/7/1999 Original 95% 187,340.00
PALMER COL ROBERT S., 8/5/1989 Moderate 95% 114,665.00
PARADISE LUCY 12/21/2001 Non-Refundable -
PARKS LCDR MELBA 2/18/1992 Moderate 95% 67,877.50
PATRICK SHERWOOD & MARY 9/5/2001 Moderate 95% 167,580.00
PATTERSON WM & ANNE 3/9/1998 Non-Refundable -
PATTON OLIVER & ANNE 7/12/2001 Non-Refundable -
PEARSON MRS. NELIDA 7/7/1991 Moderate 95% 118,370.00
PETERS MARGRITH 4/11/2002 Non-Refundable -
PETERSON JOHN 1/4/2003 Non-Refundable -
Peterson John, Beatrice 12/24/2002 Moderate 95% -
PIERCE PHYLLIS M. 9/15/2000 Non-Refundable -
PIGOTT MRS. ETHEL 12/29/1990 Moderate 95% 49,685.00
PIPER MANSELL &MAXINE 11/4/1998 Non-Refundable -
Plante Marceline 5/29/2002 Original 95% 143,450.00
PLASTERS COL ROBERT, MR 12/22/1993 Original 95% 150,860.00
POLLEY MRS. MARION H. 8/12/1989 Moderate 95% 93,717.50
PORTER WILEY R. 8/25/1997 Non-Refundable -
POWERS MRS. MILDRED 9/21/1989 Moderate 95% -
PRATT RANDALL & BARBA 4/25/2001 Non-Refundable -
PRYPLESH MAJ. STEPHEN &E 6/12/1995 Original 95% 167,675.00
RADNEY WALTER, DOROTHY 2/19/2002 Non-Refundable -
RAFFERTY MRS. ANGELINE 8/30/1989 Original 95% 100,605.00
RAICHLEN RICHARD 1/4/1997 Non-Refundable -
RALEIGH EDWARD 4/20/2001 Non-Refundable -
RALPH MRS. STEPHEN 9/18/1989 Moderate 95% 58,995.00
RAYMOND DANIEL & BARBAR 7/23/1998 Non-Refundable -
READ FRANCES W. 6/26/2000 50% 51,625.00
REED MRS. CRAWFORD 8/30/1989 Moderate 95% 108,680.00
Reilly Mary Elizabeth 1/28/2002 Moderate 95% 117,135.00
RHODES MRS. HELEN 11/12/1990 Moderate 95% 67,972.50
RICHTER MRS. PORTIA T. 8/5/1989 Original 95% 144,020.00
ROBBINS ALVIN & JEAN 12/17/1996 Non-Refundable -
Royla Olga 1/4/1999 Non-Refundable -
RUFO JOAN 9/25/2001 Non-Refundable -
RUMSEY MRS. CHARLOTTE 11/15/1989 Original 95% 164,730.00
RYAN MRS. HELEN 7/1/1995 Original 95% 126,397.50
SALZBERG EDNA 7/31/2001 Original 95% 145,445.00
SAMUEL MILDRED 9/9/1997 Non-Refundable -
SAWYER ELEANOR 6/10/1999 Non-Refundable -
SCHANTZ MRS VIOLA 8/1/1990 Moderate 95% 78,707.50
SCHELL WILLIAM 1/18/1999 Original 95% 157,415.00
SCHLEETER RAY 6/3/1999 Original 95% 146,146.10
Schmidt Jeanne 1/1/2002 Non-Refundable -
SCHMITT COL JOHN J. 4/29/1991 Original 95% 170,620.00
SCHNETZLER ROBERT & VERNIE 8/9/2001 Non-Refundable -
SCHUTT DORIS 12/20/2000 50% 90,895.00
SCOTT ELIZABETH 12/4/2001 Moderate 95% 94,097.50
SCOTT MARTHA 10/2/2001 Original 95% 185,725.00
SCOVILL LTC ELMER B., 9/18/1989 Moderate 95% 65,312.50
SCUDDER WILLIS, PHYLLIS 5/8/2002 Non-Refundable -
SEASHORE MALCOLM D. 12/15/1991 Moderate 95% 63,317.50
SEAY WILLIAM & MARCE 8/29/1996 Original 95% 207,480.00
SEIBERT COL DONALD 12/14/1989 Moderate 95% 67,260.00
SELMAN DORIS 12/18/1998 Original 95% 156,560.00
SHAFFER COL CORNELIUS, 1/2/1994 Moderate 95% 90,820.00
SHEARER ELIZABETH 10/2/2001 50% 62,250.00
SHELTON LILLIAN 9/28/1999 50% 92,680.00
SHENK COL FRANK, MRS 3/8/1990 Non-Refundable -
SHERMAN LTC H.F., MRS. 8/16/1989 Moderate 95% 85,215.00
SHOEMAKER LTG. R.L., MRS 7/21/1992 Moderate 95% 140,030.00
SHOEMAKER MARCELLA G. 11/7/1996 Moderate 95% -
SHUTE LOUISE M. 3/8/2001 Non-Refundable -
SILTANEN COL JOHN, MRS. 10/28/1990 Moderate 95% -
SIMMONS COL HOWARD, MR 12/18/1989 Moderate 95% 69,967.50
SINGER RAYMOND, MARGAR 2/28/2002 Original 95% 197,315.00
SIVIGNY JOSEPH & THELMA 12/27/2000 Original 95% 188,860.00
SMITH EDWIN & MARIAN 5/30/2000 Original 95% 298,015.00
SMITH ELLSWORTH 2/25/2003 Original 95% 100,890.00
SMITH MRS MARGHERITA 11/18/1992 Moderate 95% 54,363.75
SMITH MRS. JOSEPH 11/16/1991 Moderate 95% 134,187.50
SMITH WILLIAM H. 12/27/2001 Original 95% 138,510.00
SNIPES COL JAMES C., 8/31/1991 Moderate 95% 99,512.50
SPAHR DOROTHY 2/14/2002 Non-Refundable -
Sparshot Richard, Virgin 11/6/2002 50% 78,120.00
SPENCER MRS. HELEN 11/11/1989 Non-Refundable -
SPENGLER MRS. BETTY 9/18/1989 Original 95% 96,710.00
ST. JOHN ADRIAN & FLOREN 12/3/1992 Original 95% 273,410.00
ST. JOHN DREW & ELEANOR 1/5/1998 50% 83,020.00
ST. JOHN MRS. KATHERINE 9/29/1989 Moderate 95% 49,305.00
STAFFORD MRS. ELIZABETH 12/29/1991 Moderate 95% 190,190.00
STANTON DONALD 1/14/2003 Non-Refundable -
STARBIRD MRS. ETHEL 9/3/1994 Original 95% 123,357.50
STARBIRD MRS. EVELYN 11/11/1989 Original 95% 143,165.00
STEED ROBERT 3/12/2003 Non-Refundable -
STEINHAUSER CATHERINE 1/10/1997 50% 51,905.00
STILES MRS. JEANNE 7/17/1992 Original 95% 160,455.00
STONE JOSEPH & BETTY 3/10/1997 Non-Refundable -
STONE MADGE 11/8/2000 Non-Refundable -
STRACHAN HELEN B. 9/4/1997 50% 75,950.00
TAYLOR HANNAH 12/27/2001 Original 95% 121,125.00
Teeple Buckner, Doroth 9/5/2002 Non-Refundable -
THOMPSON JOHN & VIVIAN 1/15/2000 Non-Refundable -
THOMPSON MARIAN H. 5/17/1999 Non-Refundable -
TIMKE MRS. DORA 12/18/1989 Original 95% 179,550.00
TOLSON MRS MARGARET Y 6/4/1993 Original 95% 175,940.00
TRAPNELL LTG THOMAS, MR 6/29/1990 Moderate 95% -
TRIPPI FRANK & ROSE 7/16/2001 50% 80,955.00
TURNER LTC CLAUDE, MR 10/21/1991 Moderate 95% 47,215.00
TURNER ROBERT & ANN 8/8/1996 50% 62,771.00
ULLMAN CHARLES & MARJO 1/20/1994 Original 95% 201,400.00
VAN LANDINGHAM CAPT EMME, MRS 12/26/1991 Moderate 95% 80,987.50
VANCE COL WENDELL, M 7/3/1990 Moderate 95% 98,182.50
VANCE STELLA 11/29/2000 Non-Refundable -
VICKERY COL CHESTER, M 11/4/1989 Non-Refundable -
VIGEN LOIS 1/24/2003 50% 68,425.00
VITULLO LOUISE 1/21/2003 Original 95% 117,135.00
VOUGHT NATALIE 6/9/1998 Non-Refundable -
WALKER MRS. ALICE 9/8/1995 Moderate 95% -
WALLACE MRS. ELSIE 10/7/1995 Original 95% 123,951.25
WALTER MG MERCER 8/19/1989 Moderate 95% 196,365.00
WARD COL. NATHAN & E 5/9/1995 Moderate 95% -
WATERMAN BG BERNARD, MR 10/17/1991 Moderate 95% 246,810.00
WATERS MRS. CLAIRE 10/28/1990 Original 95% 124,165.00
WEICKHARDT COL GEORGE, MR 5/13/1991 Moderate 95% 120,080.00
WERNER DONALD & ROSE M 9/27/2001 Non-Refundable -
WETHERBIE CLAIRE 4/10/1996 50% 39,410.00
WHALEN BG STANLEY, MR 8/30/1993 Moderate 95% 105,070.00
WHEELER BG LESTER, MRS 9/18/1989 Moderate 95% -
WHITE CAPT. THOMAS 10/6/1992 Original 95% 87,210.00
WHITHERS LANGHORNE, BETT 5/7/2002 Non-Refundable -
WICKERT HOWARD 4/28/1999 Non-Refundable -
WILDES EMY W. 1/2/1996 Non-Refundable -
WILEY MARTHA JEAN 11/8/2000 Non-Refundable -
WILEY RUTH F. 8/17/2000 Original 95% 118,542.90
WILHELM MRS FLOYD 6/29/1994 Original 95% 131,480.00
WILLIAMSON MAJ EDWIN, MRS 4/21/1990 Non-Refundable -
WILSON DONALD & HELEN 5/29/1996 Non-Refundable -
WILSON MRS CHARLES 5/28/1990 Moderate 95% 86,497.50
WINDHAM PAUL & ISABELLA 2/26/1998 Non-Refundable -
Winters Dorothy 8/2/2002 Original 95% 100,890.00
WITHERELL JOHN & CYNTHIA 12/18/2001 Original 95% 217,075.00
WOOD WILLIAM C. 6/17/1999 50% 91,350.00
WOODBURY LTC HERBERT F, 6/15/1993 Moderate 95% 69,635.00
WOODBY MRS. ALICE 8/20/1991 Moderate 95% 79,990.00
WOODS COL DAVID, MRS 11/8/1989 Original 95% 141,170.00
WOODWARD MRS. STUART 9/18/1989 Moderate 95% 59,992.50
WOODY ELLIS & MARY 1/5/1998 Non-Refundable -
YERGOVICH ROBERT & LORA 8/21/2000 Non-Refundable -
YERGOVICH ROBERT & LORA 8/22/2000 Non-Refundable -
YOUNG COL ROBERT & LU 4/14/1994 Original 95% 146,585.00
YUHAS CATHERINE 12/5/1997 Non-Refundable -
------------------
37,551,864.65
------------------
Schedule 3
Lifecare Undertakings
The Fairfax:
-----------
o Agreement of Undertaking dated December 12, 1986 between Marriott
International, Inc. as successor to Marriott Corporation, and Marriott Lifecare
Retirement Communities - Fairfax, Inc.;
o Agreement of Undertaking dated October 9, 1993 between Marriott International,
Inc. and Marriott Senior Living Services, Inc., as amended by an Amendment dated
June 23, 1995;
o Agreement of Undertaking dated April 1, 1998 between Marriott International,
Inc. and Marriott Continuing Care, LLC.
The Quadrangle:
--------------
o Agreement of Undertaking dated August 22, 1986 between Marriott International,
Inc., as successor to Marriott Corporation, and Marriott Lifecare Retirement
Communities - Haverford, Inc.;
o Agreement of Undertaking dated October 9, 1993 between Marriott International,
Inc. and Marriott Senior Living Services, Inc.;
o Agreement of Undertaking dated April 1, 1998 between Marriott International,
Inc. and Marriott Continuing Care, LLC.
