0001193125-03-036475 Sample Contracts

Regulatory Agreement Nursing Homes U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner Project Number 122-22056-PM-ALF-REF Mortgagee Red Mortgage Capital, Inc., an Ohio corporation
Regulatory Agreement • August 14th, 2003 • American Retirement Villas Properties Iii LTD Partnership • Real estate • Delaware

This Agreement entered into as of this 1st day of April, 2003, between RETIREMENT INNS III, LLC, a Delaware limited liability company whose address is 245 Fischer Avenue, Suite D-1, Costa Mesa, California 92626 (jointly and severally, hereinafter referred to as Lessee) and the undersigned FEDERAL HOUSING COMMISSIONER, (hereinafter called Commissioner).

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SECURITY AGREEMENT
Security Agreement • August 14th, 2003 • American Retirement Villas Properties Iii LTD Partnership • Real estate

THIS SECURITY AGREEMENT (the “Agreement”) entered into as of this 1st day of April, 2003, by and between ARV LAS POSAS, L.P., a California limited partnership, with offices at 245 Fischer Avenue, Suite D-1, Costa Mesa, California 92626 (referred to in this Agreement as the “Debtor”), and RED MORTGAGE CAPITAL, INC., an Ohio corporation, having an office and place of business at 150 East Gay Street, 22nd Floor, Columbus, Ohio 43215 (referred to in this Agreement as the “Secured Party”).

DEED OF TRUST With Assignment of Rents
Deed of Trust • August 14th, 2003 • American Retirement Villas Properties Iii LTD Partnership • Real estate

THIS DEED OF TRUST, entered into as of this 1st day of April, 2003, by and between ARV LAS POSAS, L.P., a California limited partnership, with offices at 245 Fischer Avenue, Suite D-1, Costa Mesa, California 92626, herein called Trustor, and FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, Trustee(s), and RED MORTGAGE CAPITAL, INC., an Ohio corporation, with offices at 150 East Gay Street, 22nd Floor, Columbus, Ohio 43215, herein called Beneficiary.

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