BEAL BANK, SSB PURCHASER AND LTC BBCO , INC. COMPANY AND LTC PROPERTIES, INC. SERVICERAnd • November 15th, 2002 • LTC Properties Inc • Real estate investment trusts • Texas
WHEREAS, the Purchaser has agreed to purchase from the Company and the Company has agreed to sell to the Purchaser (subject to a subordinated participation interest therein retained by the Company as provided herein)certain Mortgage Loans listed on the Mortgage Loan Schedule that is annexed hereto as Exhibit A which have an aggregate outstanding principal balance as of the close of business on the Cut-off Date after deduction of payments due on or before such date of not less than$58,174,462.02;
