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#]060655 v4 200605551 delivered to Beneficiary within 10 days of receipt by Grantor; and (b) premiums for fire, hazard and insurance required or requested pursuant to the Loan Documents to be maintained by Grantor when same are next due, reduced by that portion of insurance premiums payable in one annual lump sum by tenants pursuant to Approved Leases which shall be delivered to Beneficiary within 10 days of receipt by Grantor. If Beneficiary determines that any amounts paid by Grantor are insufficient for the payment in full of such taxes, assessments, levies, charges and/or insurance premiums, Beneficiary shall notify Grantor of the increased amounts required to pay all amounts when due, whereupon Grantor shall pay to Beneficiary within thirty (30) days thereafter the additional amount as stated in Beneficiary's notice. All sums so paid shall not bear interest, except to the extent and in any minimum amount required by law; and Beneficiary shall, unless Grantor is otherwise in Default hereunder or under any Loan Document, apply said funds to the payment of, or at the sole option of Beneficiary release said funds to Grantor for the application to and payment of, such sums, taxes, assessments, levies, charges, and insurance premiums. Upon Default by Grantor hereunder or under any Secured Obligations, Beneficiary may apply all or any part of said sums to any Secured Obligations and/or to cure such Default, in which event Grantor shall be required to restore all amounts so applied, as well as to cure any other events or conditions of Default not cured by such application. Upon assignment of this Deed of Trust, Beneficiary shall have the right to assign all amounts collected and in its possession to its assignee whereupon Beneficiary and the Trustee shall be released from all liability with respect thereto. Within forty-five (45) days following full repayment of the Secured Obligations (other than full repayment of the Secured Obligations as a consequence of a foreclosure or conveyance in lieu of foreclosure of the liens and security interests securing the Secured Obligations) or at such earlier time as Beneficiary may elect, the balance of all amounts collected and in Beneficiary's possession shall be paid to Grantor and no other party shall have any right or claim thereto. Beneficiary at its election may commingle funds received under this Section with other funds of Beneficiary. The provisions of this Section are not intended to contravene any applicable requirements of the laws of the State of Nebraska, and from time to time the provisions of this Section shall be deemed modified as necessary to be in conformance with the laws of the State of Nebraska (provided that the provisions of this Section shall be controlling to the extent any contrary requirements of Nebraska law may be waived, and Grantor hereby waives those requirements of Nebraska law to the fullest extent allowed). 5.4 PERFORMANCE OF SECURED OBLIGATIONS. Grantor shall promptly pay and perform each Secured Obligations when due. Time is of the essence of this Deed of Trust. 5.5 LIENS. ENCUMBRANCES AND CHARGES. Grantor shall immediately discharge any lien or encumbrance against the Subject Property or Collateral not approved by Beneficiary in writing. Subject to the provisions of the Loan Agreement regarding mechanics' liens, Grantor shall pay when due all obligations secured by or which may become liens and encumbrances which shall now or 11