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99 1093 � 3 readvances hereunder pursuant to one or more notes or credit agreements (herein called "Note") B. Payment of late charges, prepayment charges, and charges i calculated on the same basis as prepayment charges upon acceleration of the indebtedness secured hereby; C. Payment of other sums advanced by Lender to Borrower from time to time, and as security for the payment of any and all other indebtedness of the Borrower to the Lender hereunder which may arise, and advances made to protect the Trust Estate, all with interest thereon at the rate of Three Percent (3 . 00g) above the interest rate in existence at the time of maturity, or when an Event of Default is declared, or at the highest interest rate permitted under the laws of the State of Nebraska, whichever rate is lower; D. The performance of all covenants and agreements of Borrower set forth herein, and in all other Loan Instruments; and E. The obligations of Borrower to Lender pursuant to the Note and any and all other documents that secure the Note or otherwise executed in connection therewith, including without limitation Security Agreement and Financing Statement, and Assignment of and Security Interest in Leases and Rents shall be referred to herein as the "Loan Instruments" . BORROWER, TO PROTECT THE SECURITY OF THIS TRUST DEED, COVENANTS AND AGREES WITH LENDER AS FOLLOWS : 1 . Payment of Principal and Interest . Borrower shall promptly pay when due the principal of and interest on, and any fees or charges provided in, the Note or in this Trust Deed. 2 . Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein, and the execution and delivery of this Trust Deed does not violate any contract or other obligation to which Trustor is subject . Trustor will forever warrant and defend the title thereto against the claims and demands of all persons whosoever; and it will, at its � expense, maintain and preserve the lien of this Trust Deed as a first paramount lien upon the property. 3 . Taxes . Borrower shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof and leasehold payments or ground rents, if any, before delinquency, without notice or demand, and shall, before delinquent date, provide , Lender with evidence of the payment of same. ; Borrower shall pay all taxes and assessments which may be levied upon Borrower' s interest herein or upon this Trust Deed or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Lender. 4 . Insurance. A. Borrower shall keep the Property insured with an all risk policy insuring against loss or damage by fire with extended coverage and against any other risks or hazards, including liability, which in the reasonable opinion of Beneficiary, should , be insured against, in amounts and with a company or companies i and in such form and with such endorsements as may be reasonably ! approved or required by Beneficiary, including if applicable, boiler explosion coverage and sprinkler leakage coverage, with loss payable to Beneficiary. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise, all claims thereunder and shall apply all or part of the insurance proceeds in the following order, as long as the 2 �