OF HOLDER.
GRANTOR'S PRINCIPAL PLACE OF BUSINESS AND CHIEF
EXECUTIVE OFFICE, AND THE PLACE WHERE GRANTOR KEEPS ITS BOOKS AND RECORDS,
INCLUDING RECORDED DATA OF ANY KIND OR NATURE, REGARDLESS OF THE MEDIUM OF
RECORDING, INCLUDING SOFTWARE, WRITINGS, PLANS, SPECIFICATIONS AND SCHEMATICS
CONCERNING THE PROPERTY, HAS BEEN FOR THE PRECEDING FOUR MONTHS (OR, IF LESS,
THE ENTIRE PERIOD OF THE EXISTENCE OF GRANTOR) AND WILL CONTINUE TO BE THE
ADDRESS OF GRANTOR SET FORTH AT THE END OF THIS DEED OF TRUST (UNLESS GRANTOR
NOTIFIES HOLDER OF ANY CHANGE IN WRITING AT LEAST 30 DAYS PRIOR TO THE DATE OF
SUCH CHANGE).
GRANTOR'S ORGANIZATIONAL IDENTIFICATION NUMBER, IF ANY, ASSIGNED
BY THE STATE OF INCORPORATION OR ORGANIZATION IS CORRECTLY SET FORTH ON THE
FIRST PAGE OF THIS DEED OF TRUST.
GRANTOR SHALL PROMPTLY NOTIFY HOLDER OF ANY
CHANGE IN ITS ORGANIZATIONAL IDENTIFICATION NUMBER.
IF GRANTOR DOES NOT NOW
HAVE AN ORGANIZATIONAL IDENTIFICATION NUMBER AND LATER OBTAINS ONE, GRANTOR
SHALL PROMPTLY NOTIFY HOLDER OF SUCH ORGANIZATIONAL IDENTIFICATION NUMBER.
SECTION 2.2
PERFORMANCE BY HOLDER ON GRANTOR'S BEHALF.
GRANTOR
AGREES THAT IF GRANTOR FAILS TO PERFORM ANY ACT OR TO TAKE ANY ACTION WHICH
UNDER ANY LOAN DOCUMENT GRANTOR IS REQUIRED TO PERFORM OR TAKE, OR TO PAY ANY
MONEY WHICH UNDER ANY LOAN DOCUMENT GRANTOR IS REQUIRED TO PAY, AND WHETHER OR
NOT THE FAILURE THEN CONSTITUTES A DEFAULT, AND WHETHER OR NOT THERE HAS
OCCURRED ANY DEFAULT OR THE SECURED INDEBTEDNESS HAS BEEN ACCELERATED, HOLDER,
IN GRANTOR'S NAME OR ITS OWN NAME ON BEHALF OF ITSELF AND LENDERS, MAY, BUT
SHALL NOT BE OBLIGATED TO, PERFORM OR CAUSE TO BE PERFORMED SUCH ACT OR TAKE
SUCH ACTION OR PAY SUCH MONEY, AND ANY EXPENSES SO INCURRED BY HOLDER OR LENDERS
AND ANY MONEY SO PAID BY HOLDER OR LENDERS SHALL BE
18
A DEMAND OBLIGATION OWING BY GRANTOR TO HOLDER FOR ITS OWN ACCOUNT OR THE
ACCOUNT OF LENDERS, AS APPLICABLE (WHICH OBLIGATION GRANTOR HEREBY PROMISES TO
PAY), SHALL BE A PART OF THE SECURED INDEBTEDNESS, AND HOLDER AND/OR LENDERS,
UPON MAKING SUCH PAYMENT, SHALL BE SUBROGATED TO ALL OF THE RIGHTS OF THE
PERSON, ENTITY OR BODY POLITIC RECEIVING SUCH PAYMENT.
HOLDER AND ITS DESIGNEES
SHALL HAVE THE RIGHT TO ENTER UPON THE PROPERTY AT ANY TIME AND FROM TIME TO
TIME FOR ANY SUCH PURPOSES.
NO SUCH PAYMENT OR PERFORMANCE BY HOLDER OR LENDERS
SHALL WAIVE OR CURE ANY DEFAULT OR WAIVE ANY RIGHT, REMEDY OR RECOURSE OF HOLDER
OR LENDERS.
ANY SUCH PAYMENT MAY BE MADE BY HOLDER OR LENDERS IN RELIANCE ON
ANY STATEMENT, INVOICE OR CLAIM WITHOUT INQUIRY INTO THE VALIDITY OR ACCURACY
THEREOF.
EACH AMOUNT DUE AND OWING BY GRANTOR TO HOLDER OR LENDERS PURSUANT TO
THIS DEED OF TRUST SHALL BEAR INTEREST, FROM THE DATE SUCH AMOUNT BECOMES DUE
UNTIL PAID, AT THE RATE PER ANNUM PROVIDED IN THE CREDIT AGREEMENT FOR INTEREST
ON PAST-DUE PRINCIPAL OWED ON THE LOAN BUT NEVER IN EXCESS OF THE MAXIMUM
NONUSURIOUS AMOUNT PERMITTED BY APPLICABLE LAW, WHICH