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200302816 Section 2. There is hereby created by the Corporation and ordered established with the Trustee a must fund to be designated `Bond Fund", which shall be used to pay the interest on and principal of said Bonds. Section 3. There shall be deposited in the Bond Fund, as and when received, all basic rent payable under the Lease- Purchase Agreement and all other monies received by the Trustee under and pursuant to any of the provisions of the Lease- Purchase Agreement directing such monies to be paid into the Bond Fund. The Corporation hereby covenants that, so long as any Bonds issued hereunder are outstanding hereunder, it will cause the Project to be continuously and efficiently leased as a revenue and income producing undertaking and that, should there be a default under the Lease-Purchase Agreement with the result that the right of possession of the Project under the Lease - Purchase Agreement is returned to the Corporation, the Corporation shall fully cooperate with the Trustee and with the bondholders to the end of fully protecting the rights and security of the bondholders, and shall diligently proceed in good faith and use its best efforts to secure another tenant for the Project to the end of at all times deriving sufficient monies, income and revenues from the Project to promptly meet and pay the principal of and interest on the Bonds as the same become due and payable, as well as covering the cost of maintaining and insuring the Project. Section 4. Monies in the Bond Fund shall be used solely for the payment of the interest on the Bonds and for the retirement of the Bonds at or prior to maturity. Section 5. The Bond Fund shall be in custody of the Trustee, and the Corporation hereby authorizes and directs the Trustee to withdraw funds from the Bond Fund in amounts sufficient to meet installments of interest or principal upon the Bonds when due. The Trustee hereby accepts such authorization and direction. Section 6. In the event any Bonds shall not be presented for payment when the principal thereof becomes due, if funds sufficient to pay such Bonds and interest thereon shall have been made available to the Trustee for the benefit of the registered owners thereof, all liability of the Corporation to the registered owners thereof for the payment of such Bonds or interest thereon, as the case may be, shall forthwith cease, determine and be completely discharged and thereupon it shall be the duty of the Trustee to hold such fund or funds, without liability for interest thereon, for a period of five (5) years after such Bonds shall have matured, for the benefit of the registered owners of such Bonds, who shall thereafter be restricted exclusively to such hinds for any claim of whatever nature on their part under this Indenture or on, or with respect to, such Bonds. At the expiration of such period, any unclaimed principal or interest shall be paid to the College and thereafter all claimants shall be restricted exclusively to making claim against the College for such principal or interest. The College shall have no liability for interest on any such funds paid to it and shall not be required to hold such funds in trust nor, in any manner, to segregate such funds on its books. Anything in this Section 6 to the contrary notwithstanding, the Trustee shall be permitted to discharge all responsibility with respect to any such funds held for Bonds which have matured in accordance with the provisions of Sections 69 -1301 to 69 -1329, R.R.S. Neb. 1996, as now in effect or hereafter amended. Section 7. It is understood and agreed that pursuant to the provisions of the Lease- Purchase Agreement the College agrees to pay as additional rent the fees and expense of the Trustee for the Bonds and the other charges and expenses payable to the Trustee, as authorized and provided by this Indenture. The College is to make such payments either semiannually or annually on statements rendered by the Trustee. All such additional rent payments received by the Trustee under said Lease - Purchase Agreement shall not be paid into the Bond Fund but shall be expended by the Trustee solely for the purpose for which said additional rent payments are received. 16