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2010071'74 (c) The Agent does not consent to, does not assume and shall not be liable for any obligation of the lessor under any of the Leases and all such obligations shall continue to rest upon the Grantor as though this assignment had not been made. The Agent shall not be liable for the failure or inability to collect any Rents and Profits. 2.14 Com..pliance with Law. The Grantor will comply with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all govexmmental authorities in respect of the ownership of all or any pardon of the Premises (including applicable statutes, regulations, orders and restrictions relating to environmental standards and controls), except to the extent the failure to comply with such applicable statutes, regulations and orders of, and all applicable restrictions imposed by, governmental authorities would not have a Material Adverse Effect 2.15 Inspection. As expressly permitted in the Financings Documents, the Agent, or its agents, shall be permitted to enter and pass through or over the Premises far the purpose of inspecting same (but not to exceed two times per year unless an Event of Default has occurred and is continuing). 2.16 Securi A Bement. This Security Instrument shall be construed as a security agreement under the Uniform Commercial Code with respect to the security interests granted herein. The Grantor warrants that the name and address of the "Debtor" (which is the Grantor), are as set forth in the introductory paragraph of this Security Instrument; and a statement indicating the types, or describing the items, of collateral is set forth hereinabove. The Grantor warrants that the Grantor's exact legal name is correctly set forth in the preamble of this Security Instrument. The Grantor will not, without providing thirty (30) days prior written notice to the Agent and without filing such amendments to any previously filed financing statements as the Agent may require, change its registered legal name, be party to a merger, consolidation or other change in structure or use any trade name other than the trade names set forth for the Grantor in the Security Agreement, or take any other action which would cause any financing statement to become misleading or lose its perfected status or which would necessitate the amendment, correction or re-filing of any financing statement. ARTICLE III Event of Default An event of default ("Event of Default") shall exist under the teens of this Security Instrument upon the occurrence of an Event of Default under the terms of the Financing Documents or the failure of the Grantor to perform any covenant, agreement or obligation under this Security Instrument which has not been cured within any applicable notice and cure period set forth herein. CMARI\1182503v1 n 7