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2� 15�8�57 �. If the cost of the work exceeds $�4�,��.��,Trustor submits the fol�awing it�ms tfl Beneficiary far appra�al: i, EvidenGe af sufficient contractor's comprehensive general liabil�ty insurance, builder's risk insurance and tivorker's compensation insurance, insuring Beneficiary,as its interest may appear,all issued by insurance.campanies iegally authorized to do business in the State of Nehraska; ii. A certi�ed cons�ruction cost statement i�emi2ing the cost af the work; iii. An architectural con�ract in form acceptable�a Beneficiary; iv. A general construction contract in form acceptable to Beneficiary; �. Assignment of the cantra�ts specifed in�iii}and�iv}abo�e in favor of Beneficiary; vi. Trustar, Benefi�iary and a title insurance company acceptabl� to Beneficiary shall ha�e entered into an agreement in form and substance acce�table ta Benef ciary �uher�by all disbursements to be made fr�m proceeds wi�l h� _ based upon Iien vvaivers and campletion certifi�ations satisfaCtory to the Beneficiary and such title insurance company �in accordance wi�h �heir custom} so as ta insure that suf�cient funds will be available �o camplete the restaration of the Mortgaged Praperty, and to insure that Bene�ciary wili continu� to have full titie insurance including, without limitation, mechanics' lien�nsurance,during and after the cons�ruction peri�d; vii. Trustor deposits into a pledged escrovv account with Beneficiary any difference between the total cast of repair, restoration or replacement and the amount of insurance proceeds. D. In �he event that the foregfling conditions are met within 5� days after said loss occurs, Benefic�ary sha�I make the insurance ar cvndemnativn proceeds �not in excess of the amount r�quired for restorati�n of the Mortgaged Property} available t�Trustor. The procedure for draws shal�be as specified by Beneficiary. E. There shall aiso be no abatement, delay ar diminution of any payments due or coming due under the Note as the resu�t of such repair, d�lay, rebuilding, � replacem�nt,ar r�s�oration. F. Al� buildings and imprv�ements acquired in the repair, r�building, replacemen� ar restoration of the Mortgag�d Property shall be deerned a part of the Mortgaged Property,encurnbered by this Deed of Trus�. G. LJpon the c�mpletian date for such replacement or res�orat�on, ta the extent the total of funds availabl� pursuant ta this S11�15�C�1nI1 are in exc�ss af the costs incident ta such repair, restoration or r�placement, or if the event of damage ❑r destruction has not significantly impair�d the operation of�h�Mortgaged Praperty and no repair or restoration is required in the opinion of Trustor and Beneficiary, 7