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200302817 (c) an amount equal to all taxes and fees required to be paid by Lessor to the State of Nebraska or any other government, to keep the Lessor a corporation in good standing during the term of this Lease- Purchase Agreement, (d) all impositions (as defined in Article VI hereof) costs, expenses, liabilities, obligations and other payments of whatever nature which Lessee has agreed to pay or assume under the provisions of this Lease - Purchase Agreement, and (e) any and all taxes which may be incurred by Lessor by virtue of Lessor's ownership interest in the Project and any and all costs incurred by Lessor in preserving its ownership interest in the Project, including but not limited to any legal expenses inclined in preserving Lessor's ownership interest in the Project free and clear from all encumbrances other than those created pursuant to this Lease - Purchase Agreement . or the Indenture. If at any time any amount paid by Lessee as additional rent is, or becomes, in excess of the amount required for the purpose for which it was paid, such excess amount, if held by Lessor, shall be refunded to Lessee. Section 2.3. All payments of basic rent and additional rent shall be made by Lessee on or before the date the same shall become due, without notice or demand, and without abatement or setoff, irrespective of whether the Lessee shall have taken possession of any part of the Project, the taking by eminent domain of title to all or part of the Project, or the right of temporary use of all or part thereof, or any loss or damage to the Project, from any cause whatsoever, none of which shall relieve Lessee of the liability for payment of basic and additional rent as herein provided, except as insurance or condemnation proceeds may be applied on basic rent as herein specifically permitted. Section 2.4. Lessee hereby acknowledges receipt of notice that this Lease- Purchase Agreement and the basic rentals due hereunder have been assigned to the Trustee pursuant to the Indenture. Payments of basic rent shall be made to Lessor by Lessee remitting the same directly to the Trustee, for the account of the Lessor, and Lessor shall cause the Trustee to deposit all such payments in the trust account provided for in the Indenture and designated as the `Bond Fund," to be used and applied by the Trustee as provided in the Indenture. Payments of additional rent specified in Section 2.2 hereof shall be made to Lessor by Lessee remitting the same directly to the respective payees for the account of the Lessor. Section 2.5. Lessee may at any time prepay all or any part of the basic rent provided for hereunder. ARTICLE It ISSUANCE AND SALE OF BONDS Section 3.1. Lessor shall issue and sell, as soon as possible after the execution of this Lease - Purchase Agreement, Building Bonds (Grand Island Administrative Addition Project), Series 2003, in the principal amount of Two Million Six Hundred Thousand Dollars ($2,600,000) which shall be sold to the Purchaser thereof for $2,562,950 plus accrued interest (if any) to date of delivery and payment. The terms and conditions of said Bonds are specified in the Indenture, and Lessee does hereby approve and consent to the issuance of Bonds by Lessor as provided in said Indenture.