Promissory Note dated December 15, 2017, by and between CHP II Overland Park KS MOB Owner, LLC and Synovus Bank

EX-10.2 3 d708833dex102.htm EX-10.2 EX-10.2

Exhibit 10.2

PROMISSORY NOTE

 

$8,400,000.00    December 15, 2017

FOR VALUE RECEIVED, the undersigned CHP II OVERLAND PARK KS MOB OWNER, LLC (the “Borrower”), hereby promises to pay to the order of SYNOVUS BANK, a Georgia banking corporation (the “Bank”), the aggregate principal amount of the Advances of the Loan owing to Bank by Borrower pursuant to that certain Credit Agreement of even date herewith between Borrower and Bank (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein as therein defined), together with interest on the unpaid principal amount of each Advance from the date of such Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.

This Promissory Note is the Note referred to in, and is entitled to the benefits of, the Credit Agreement, to which reference is made for a statement of the rights and obligations of Borrower and Bank in relation thereto; but neither this reference to the Credit Agreement nor any provision thereof shall affect or impair the absolute and unconditional obligation of Borrower to pay the principal sum of and interest on this Promissory Note when due. The Credit Agreement (i) provides for the making of Advances of the Loan by Bank in an aggregate amount up to the U.S. dollar amount first above mentioned, the indebtedness resulting from the Advances being evidenced by this Promissory Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. The obligations of Borrower under this Promissory Note are secured by the Collateral as provided in the Loan Documents.

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IN WITNESS WHEREOF, Borrower has caused this Promissory Note to be executed as of the date first above written.

 

CHP II OVERLAND PARK KS MOB OWNER, LLC,

a Delaware limited liability company

By:  

/s/ Brett Bryant

Name:   Brett Bryant
Title:   Vice President

This Promissory Note was executed in the State of Florida and is not secured by real property located in the State of Florida. Accordingly, documentary stamp tax in the amount of $2,450.00 has been, or will be, paid directly to the Florida Department of Revenue upon execution and delivery of this Promissory Note.

 

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