LOAN AND SECURITY AGREEMENT dated September 27, 2013 by and between QC PROPERTY HOLDINGS, LLC A GEORGIA LIMITED LIABILITY COMPANY Borrower and HOUSING & HEALTHCARE FUNDING, LLC A DELAWARE LIMITED LIABILITY COMPANY Lender $5,000,000.00 TERM LOANLoan and Security Agreement • November 14th, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Maryland
THIS LOAN AND SECURITY AGREEMENT (“Agreement”), is made and entered into as of September 27, 2013, by and between QC Property Holdings, LLC, a Georgia limited liability company (“Borrower”), and Housing & Healthcare Funding, LLC, a Delaware limited liability company and its successors and assigns (“Lender”).
ASSIGNMENT OF RENTS AND LEASESAssignment of Rents and Leases • November 14th, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Maryland
THIS ASSIGNMENT OF RENTS AND LEASES (“Assignment”) is made and delivered as of September 27, 2013 by QC Property Holdings, LLC, a Georgia limited liability company (“Assignor”), to and for the benefit of Housing & Healthcare Funding, LLC, a Delaware limited liability company, its successors and assigns (“Assignee”).
THIRD MODIFICATION AGREEMENTModification Agreement • November 14th, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Illinois
THIS THIRD MODIFICATION AGREEMENT dated as of September 30, 2013 (this “Agreement”), is entered into by and among ADK THOMASVILLE OPERATOR, LLC (“Borrower 1”), ADK LUMBER CITY OPERATOR, LLC (“Borrower 2”), ADK JEFFERSONVILLE OPERATOR, LLC (“Borrower 3”), ADK LAGRANGE OPERATOR, LLC (“Borrower 4”), ADK POWDER SPRINGS OPERATOR, LLC (“Borrower 5”), ADK OCEANSIDE OPERATOR, LLC (“Borrower 6”), ADK THUNDERBOLT OPERATOR, LLC (“Borrower 7”), ADK SAVANNAH BEACH OPERATOR, LLC (“Borrower 8”), ATTALLA NURSING ADK, LLC (“Borrower 9”), MOUNTAIN TRACE NURSING ADK, LLC, an Ohio limited liability company (“Borrower 10”), MT. KENN NURSING, LLC (“Borrower 11”), ERIN NURSING, LLC (“Borrower 12”), CP NURSING, LLC (“Borrower 13”), BENTON NURSING, LLC (“Borrower 14”), VALLEY RIVER NURSING, LLC (“Borrower 15”), PARK HERITAGE NURSING, LLC (“Borrower 16”), HOMESTEAD NURSING, LLC (“Borrower 17”), WOODLAND MANOR NURSING, LLC (“Borrower 18”), MOUNTAIN VIEW NURSING, LLC (“Borrower 19”), LITTLE ROCK HC&R NURSING, LLC
PROMISSORY NOTE (TERM NOTE)Promissory Note • November 14th, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities
MORTGAGE, SECURITY AGREEMENTMortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing • November 14th, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Oklahoma
Attention to Recording Officers: This Mortgage covers goods which are, or are to become, affixed to or fixtures on the land described in Exhibit A hereto. This Mortgage is a fixture filing and is to be indexed, among other places, in the real estate records of each county of the State of Oklahoma in which said land or any portion thereof is located.
GUARANTYGuaranty • November 14th, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Maryland
THIS GUARANTY (this “Guaranty”) is dated as of September 27, 2013 by AdCare Health Systems, Inc., an Ohio corporation (“Guarantor”), to and for the benefit of Housing & Healthcare Funding, LLC, a Delaware limited liability company, its successors and assigns (“Lender”).
