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200109058 Revised 12114199 Any one of several persons named as Beneficiary herein or their assigns may receive payment of the secured indebtedness and execute a valid cancellation or reconveyance hereof. No release of any part of the property herein described or extension of all or any part of the indebtedness hereby secured, shall affect the priority of this instrument Should the indebtedness hereby secured be paid according to the tenor and effect thereof when the same shall become due and payable, and should Grantor perform all covenants herein contained, then this deed of trust shall be reconveyed and released. The Grantor covenants and agrees, so long as any indebtedness secured hereby shall remain unpaid, not to demolish, destroy, or remove any permanent structure now existing on the premises or make any alteration thereon that would constitute a structural change without the written consent of the Beneficiary; to pay all taxes and assessments that may be liens upon said property, as they become due; and to keep the Improvements fully insured against loss by fire and other hazards as may, from time to time, be required by Beneficiary in amounts and companies and with mortgage clause approved by Beneficiary, and shall deliver the evidence of insurance and any renewals thereof to said Beneficiary; and that any tax, assessment, prior lien or premium of insurance, not paid when due by the Grantor may be paid by the Beneficiary, and any sum so paid shall be added to the amount of said principal debt as part thereof, shall draw interest from the time of said payment at the rate of interest payable under the Note, and shall, with interest, be covered by the security of this deed of trust. All or any loss proceeds payable to Beneficiary hereunder may, at Beneficiary's option, be applied in any one or more of the following ways: (a) applied to the indebtedness hereunder, (b) applied to fulfill any of the covenants of Grantor contained herein, (c) applied to the replacement or restoration of the premises, or (d) released to Grantor. Notwithstanding anything to the contrary contained herein, provided Grantor is not in default hereunder or under the Note or this Deed of Trust, such insurance proceeds shall be used to restore or repair the premises, so long as Grantor and Beneficiary, in their discretion, determine that it is feasible to do so, and so long as Grantor provides or causes to be provided sufficient additional funds which, when added to such insurance proceeds, will fully effect such repair or restoration. Grantor hereby further covenants and agrees that in case of any default in any partial payment of said indebtedness or in the due performance of any of the covenants herein expressed to be performed by Grantor, or in the due performance of any of the covenants or obligations set forth in the Loan Agreement, then and in that event, the entire amount of said principal indebtedness, together with any and all sums paid for account of Grantor in accordance with the provisions above set forth, shall, at the option of Beneficiary, then and thereby become and be due and payable forthwith, with accrued interest, and all expenses and cost of collection, including reasonable attorneys' fees, and the amount of such costs, expenses and fees shall be added the amount of the debt hereby secured as part thereof, and as such shall also be covered by the security of this deed of trust; and time is the essence of this contract. WMSIGrand IslandlLegalL funiorDeedOfTrust.doc 3