GUARANTYGuaranty • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia
ContractMortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Arkansas
SECURITY AGREEMENTSecurity Agreement • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia
This Security Agreement (hereinafter called “Agreement”) is between HOMESTEAD PROPERTY HOLDINGS, LLC and HOMESTEAD NURSING, LLC (collectively, hereinafter the “Debtor”) and METRO CITY BANK (hereinafter called “Secured Party”).
PREPARED BY AND WHEN RECORDED RETURN TO: Reid H. Harbin, Esq. Harbin & Miller, LLCMortgage and Security Agreement • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia
PROMISSORY NOTEPromissory Note • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Illinois
PLEDGE AND SECURITY AGREEMENT WITH POWER OF SALEPledge and Security Agreement • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities
This PLEDGE AND SECURITY AGREEMENT WITH POWER OF SALE (the “Agreement”) is entered into and executed as of August 31, 2011, by and between AdCare Property Holdings, LLC, an Ohio limited liability company, (“Pledgor”), and KMJ MANAGEMENT, LLC d/b/a PINNACLE HEALTHCARE, LLC, an Arkansas limited liability company, (“Pledgee”).
13585694.3 (A.4)Guaranty of Payment and Performance • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Illinois
LOAN AGREEMENT Dated as of September 1, 2011 by and among BENTON PROPERTY HOLDINGS, LLC, a Georgia limited liability company, PARK HERITAGE PROPERTY HOLDINGS, LLC, a Georgia limited liability company, VALLEY RIVER PROPERTY HOLDINGS, LLC, a Georgia...Loan Agreement • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Illinois
THIS LOAN AGREEMENT dated as of September 1, 2011 (this “Agreement”), is executed by and between by and among BENTON PROPERTY HOLDINGS, LLC, a Georgia limited liability company (“Borrower 1”), PARK HERITAGE PROPERTY HOLDINGS, LLC, a Georgia limited liability company (“Borrower 2”), and VALLEY RIVER PROPERTY HOLDINGS, LLC, a Georgia limited liability company (“Borrower 3”) (collectively, “Borrowers”), and THE PRIVATEBANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”).
MORTGAGEMortgage • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities
This Mortgage conveys all buildings and improvements now or hereafter erected on the Property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Property covered by this Mortgage.
AMENDMENTPurchase and Sale Agreement • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities
This Amendment (this “Amendment”) is made and entered into as of the 1st day of July, 2011 (the “Effective Date”) by and between KMJ Management, LLC d/b/a Pinnacle Healthcare, LLC, an Arkansas limited liability company (“Pinnacle”) and Arkansas ADK, LLC, a Georgia limited liability company (“Purchaser”).
GUARANTYGuaranty • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Ohio
LOAN AGREEMENTLoan Agreement • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia
THIS LOAN AGREEMENT, made and entered into this 1st day of Sept., 2011, by and between Homestead Property Holdings, LLC (the “Borrower”) and METRO CITY BANK (“Lender”).
SECURED PROMISSORY NOTESecured Promissory Note • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia
FOR VALUE RECEIVED, the undersigned Benton Property Holdings, LLC; Valley River Property Holdings, LLC; Homestead Property Holdings, LLC; Park Heritage Property Holdings, LLC and Home Office Property Holdings, LLC, (collectively, the “Borrower”) jointly and severally promise to pay to the order of KMJ Management, LLC d/b/a Pinnacle Healthcare, LLC, an Arkansas limited liability company (“Lender”), the principal sum of Two Million Four Hundred Thousand and No/100 Dollars ($2,400,000.00) (the “Principal”).
MORTGAGEMortgage • September 7th, 2011 • Adcare Health Systems Inc • Services-skilled nursing care facilities
This Mortgage conveys all buildings and improvements now or hereafter erected on the Property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Property covered by this Mortgage.
