EXHIBIT 10.2
(Windsor)
SECOND AMENDMENT TO LOAN AGREEMENT
This Second Amendment to Loan Agreement is effective as of July 1,
2006, by and between DIVERSICARE WINDSOR HOUSE, LLC, a Delaware limited
liability company (together with its successors and assigns, the "Borrower"),
and CAPMARK FINANCE INC., a California corporation, formerly known as GMAC
Commercial Mortgage Corporation, a California corporation (together with its
successors and assigns, the "Lender").
RECITALS:
A. Borrower and the Lender entered that certain Loan Agreement dated
March 29, 2001, as amended by that certain First Amendment to Loan Agreement
dated April 1, 2006 (the "Agreement"). Unless otherwise defined in this Second
Amendment, capitalized terms shall have the meaning given to them in the
Agreement.
B. The Borrower and the Lender desire to amend the Agreement and have
agreed to execute this Second Amendment to evidence such modification.
AGREEMENT
NOW, THEREFORE, in consideration of the above Recitals, the Borrower
and the Lender hereby amend the Agreement as follows:
1. Paragraph 1.1, "Maturity Date" is hereby amended by changing the
date to "September 1, 2006".
Except as expressly amended hereby, the Agreement shall remain in full
force and effect in accordance with its terms.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF, the Borrower and the Lender have caused this
Second Amendment to be properly executed by their respective duly authorized
officers as of the date first above written.
DIVERSICARE WINDSOR HOUSE, LLC, a
Delaware limited liability company
By: Diversicare Leasing Corp., a
Tennessee corporation
Its: Sole Member
By: /s/ Xxxxx Xxxxxx
------------------------------------
Xxxxx Xxxxxx,
Chief Financial Officer
CAPMARK FINANCE INC., a California
corporation, formerly known as GMAC
Commercial Mortgage Corporation, a
California corporation
By: /s/ Xxxxx X. XxXxxxxx
------------------------------------
Its: Senior Vice President
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