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<br />replace, restore or repair such Premises, and Beneficiary shall be entitled to apply all Awards
<br />relating thereto in accordance with subsection (b) of this Section 3.10.
<br />(e) Effect on the Secured Obligations. Notwithstanding any condemnation,
<br />taking or other proceeding referred to in this Section, Grantor shall continue to pay and perform
<br />the Secured Obligations as provided herein. Any reduction in the Secured Obligations resulting
<br />from such application shall be deemed to take effect only on the date of receipt by Beneficiary of
<br />such Awards and application against the Secured Obligations, provided that if prior to the receipt
<br />by Beneficiary of such Awards the Trust Property shall have been sold on foreclosure of this
<br />Deed of Trust, or shall have been transferred by deed in lieu of foreclosure of this Deed of Trust,
<br />Beneficiary shall have the right to receive the same to the extent of any deficiency found to be
<br />due upon such sale, with legal interest thereon together with attorneys' fees and disbursements
<br />incurred by Beneficiary in connection with the collection thereof.
<br />SECTION 3.11. Notice Limiting Amount. Grantor covenants that it will
<br />not, without the prior written consent of Beneficiary, file of record any notice limiting the
<br />maximum principal amount secured by this Deed of Trust.
<br />SECTION 3.12. Permits. (a) Grantor has and will maintain all necessary
<br />certificates, licenses, authorizations, registrations, permits and/or approvals necessary for: (i) the
<br />operation, use and occupancy of the Premises in a manner that is consistent with maintenance by
<br />companies engaged in similar businesses and (ii) the conduct of Grantor's business at the
<br />Premises and, promptly upon request by Beneficiary, Grantor shall deliver to Beneficiary copies
<br />of all of the same.
<br />(b) The Premises and the operation, use and occupancy thereof do not and will
<br />not violate in any present or future federal, state, municipal or local laws, ordinances, rules,
<br />regulations, requirements, judgments, decrees, determinations, awards or court orders, including
<br />all environmental laws and zoning ordinances where such violation would have a material
<br />adverse effect on Grantor's use and occupancy of the Premises or the value thereof (collectively,
<br />"Applicable Laws "), and Grantor shall cause the Premises and the operation, use and occupancy
<br />thereof to continue to be in material compliance with all Applicable Laws.
<br />SECTION 3.13. Further Assurances. Grantor shall:
<br />(i) at Grantor's sole cost and expense and at the request of Beneficiary or
<br />Trustee, (A) promptly correct any defect or error which may be discovered in the contents
<br />of this Deed of Trust or in its execution, acknowledgment or recordation of this Deed of
<br />Trust and (B) promptly do, execute, acknowledge and deliver any and all such further
<br />acts, deeds, conveyances, mortgages, deeds of trust, trust deeds, assignments, estoppel
<br />certificates, financing statements and continuations thereof, notices of assignment,
<br />transfers, certificates, assurances and other instruments that Beneficiary or Trustee may
<br />reasonably request from time to time in order to carry out more effectively the purposes
<br />of this Deed of Trust, to subject to the lien and security interest hereby created any of
<br />Grantor's properties, rights or interests covered or now or hereafter intended to be covered
<br />NYDOCS03/596673.1 13 HALL COUNTY, NEBRASKA
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