EXHIBIT 10.11
(AFTON OAKS)
EIGHTH AMENDMENT TO PROMISSORY NOTE
This Eighth Amendment to Promissory Note (this "Eighth Amendment") is effective as of March 31, 2004, by
DIVERSICARE AFTON OAKS, LLC, a Delaware limited liability company (the "Borrower"), and GMAC
COMMERCIAL MORTGAGE CORPORATION, a California corporation (the "Lender").
Recitals
A. Diversicare Management Services Co., ("DMSC") executed to the order of Lender that certain Promissory
Note dated December 27, 1996, in the original principal amount of $3,750,000, as amended by that certain
Amendment to Promissory Note dated November 30, 1999, by that certain Second Amendment to Promissory
Note dated April 30, 2000, by that certain Third Amendment to Promissory Note dated June 30, 2000, by that
certain Memorandum of Lender dated September 8, 2000, by that certain Fourth Amendment to Promissory
Note dated September 29, 2000, by that certain Fifth Amendment to Promissory Note dated December 31,
2000, by that certain Memorandum of Lender dated January 26, 2001, by that certain Sixth Amendment to and
Assumption of Promissory Note dated February 28, 2001, and by that certain Seventh Amendment to
Promissory Note dated December 23, 2002 (the "Note"). Pursuant to the terms of the Sixth Amendment to and
Assumption of the Promissory Note dated February 28, 2001, the Note was assumed by the Borrower. Unless
otherwise defined herein, capitalized terms shall have the meanings assigned to them in the Note.
B. The Note has matured.
C. The Borrower has requested that the Lender renew the debt evidenced by the Note and extend the maturity
date of the Note, and the Lender has agreed to such renewal and extension on certain conditions, one of which is
the execution of this Eighth Amendment by the Borrower.
Agreement
NOW, THEREFORE, in consideration of the above Recitals, the Borrower and the Lender hereby amend the
Note as follows:
1. By that certain Second Amendment to Promissory Note dated April 30, 2000, Section 2.2 of the Note was
amen