RECOURSE LIABILITIES GUARANTY (West Hills)Recourse Liabilities Guaranty • March 7th, 2014 • CNL Healthcare Properties, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, the undersigned, CNL HEALTHCARE PROPERTIES, INC., a Maryland corporation (whether one or more, hereinafter together called “Guarantor” in the singular) absolutely guarantees and agrees to pay to THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey corporation (hereinafter called “Lender”), at the address designated in the Instrument (as hereinafter defined) for payment thereof or as such address may be changed as provided in the Instrument, all limited and full recourse indebtedness of CHP CORVALLIS-WEST HILLS OR OWNER, LLC, a Delaware limited liability company (“Owner”), and CHP CORVALLIS-WEST HILLS OR TENANT CORP., a Delaware corporation (“Operator”, and together with Owner, “Borrower”), under Sections 8.01 and 8.02 of the Loan Agreement (defined below), together with all interest, attorneys’ fees and collection costs provided for herein (all such indebtedness is hereinafter called the “Recourse Liabilities”),
