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200003380 and all amounts so advanced for the protection of the Collateral by Mortgagee shall become an additional obligation of Mortgagor to Mortgagee and shall be secured by this Mortgage, which amounts, together with interest thereon at the "Default Rate" as defined in the 2000 Note Purchase Agreement (hereinafter, the "Default Rate "), Mortgagor agrees to pay immediately and without demand. Section 2.13 After the happening of any casualty required to be insured against under Section 2.10 resulting in damage in an amount in excess of $500,000, Mortgagor shall give prompt written notice thereof to Mortgagee. Section 2.14 Mortgagor hereby assigns to Mortgagee all insurance proceeds which it may be entitled to receive and such proceeds, in any amount exceeding $1,000,000, shall be delivered to and held by Mortgagee to be applied, at the sole election and discretion of Mortgagee as to purpose and amount, as follows: (a) to the payment of the obligations of NWgagor secured by this Mortgage, including, without limitation, the 2000 Notes and the other Operative Agreements; (b) to perform any covenant or obligation of Mortgagor under this Mortgage, the 2000 Notes or the other Operative Agreements, including the curing of any default under this Mortgage, the 2000 Notes or the other Operative Agreements; (c) to the rebuilding, restoration, replacement or repair of the Collateral or any part thereof; or (d) to payment in release of such proceeds to Mortgagor for application by Mortgagor as Mortgagor shall request in writing. Section 2.15 In the event of the foreclosure of this Mortgage or other transfer of the title to the Collateral in extinguishment, in whole or in part, of the indebtedness secured hereby, all right, title and interest of Mortgagor in and to any insurance policy then in force with respect to the Collateral or part thereof so transferred shall pass to the purchaser or grantee, subject to any limitations upon transfer as may be provided in any such policy. Payments. Section 2.16 Mortgagor shall pay the principal, interest and other charges due under the 2000 Notes and the Existing Obligations according to their respective terms. Section 2.17 Mortgagor shall pay or cause to be paid: 2000 MORTGAGE (Grand Island, Nebraska) 12