A REGISTERED ENTITY, GRANTOR IS INCORPORATED IN OR ORGANIZED UNDER THE LAWS
OF THE STATE SPECIFIED IN THE INTRODUCTORY PARAGRAPH OF THIS DEED OF TRUST.
IF
GRANTOR IS AN UNREGISTERED ENTITY (INCLUDING A GENERAL PARTNERSHIP), IT IS
ORGANIZED UNDER THE LAWS OF THE STATE SPECIFIED IN THE INTRODUCTORY PARAGRAPH OF
THIS DEED OF TRUST.
GRANTOR WILL NOT CAUSE OR PERMIT ANY CHANGE TO BE MADE IN
ITS NAME, IDENTITY (INCLUDING ITS TRADE NAME OR NAMES), OR CORPORATE OR
PARTNERSHIP STRUCTURE UNLESS GRANTOR SHALL HAVE NOTIFIED HOLDER IN WRITING OF
SUCH CHANGE AT LEAST 30 DAYS PRIOR TO THE EFFECTIVE DATE OF SUCH CHANGE, AND
SHALL HAVE FIRST TAKEN ALL ACTION REQUIRED BY HOLDER FOR THE PURPOSE OF FURTHER
PERFECTING OR PROTECTING THE LIEN AND SECURITY INTEREST OF HOLDER IN THE
PROPERTY.
IN ADDITION, GRANTOR SHALL NOT CHANGE ITS CORPORATE OR PARTNERSHIP
STRUCTURE WITHOUT FIRST OBTAINING THE PRIOR WRITTEN CONSENT 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.
18
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 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