Common use of Filing of Financing Statement Clause in Contracts

Filing of Financing Statement. The Beneficiary shall have the right, without the consent or joinder of the Grantor, to execute and file with any governmental authority such financing statements, financing statement amendments and continuation statements as may, in the sole discretion of the Beneficiary, be necessary or advisable to maintain, perfect or otherwise evidence the Lien of the Beneficiary in and to any of the Mortgaged Property. The Grantor, as Debtor, hereby expressly authorizes the Beneficiary, as Secured Party, to file any such financing statement without the signature of the Grantor to the extent permitted by applicable law.

Filing of Financing Statement. The Beneficiary shall have the right, without the consent or joinder of the Grantor, to execute and file with any governmental authority Governmental Authority such financing statements, financing statement amendments and continuation statements as may, in the sole discretion of the Beneficiary, be necessary or advisable to maintain, perfect or otherwise evidence the Lien of the Beneficiary in and to any of the Mortgaged Property. The Grantor, as Debtordebtor, hereby expressly authorizes the Beneficiary, as Secured Partysecured party, to file any such financing statement without the signature of the Grantor to the extent permitted by applicable lawLaw.