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<br />88- 100018
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<br />tively, together with interest thereon, and any and all
<br />modifications, extensions and renewals thereof~ the payment of
<br />all other sums, together with interest thereon, advanced in
<br />accordance with the terms of this Trust Deed~ and the performance
<br />of the covenants and agreements of Trustor herein contained.
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<br />Trustor and Beneficiary covenant and agree as follows:
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<br />1. Warraptv of Title. Trustor is lawfully seized of
<br />Property~ Trustor has good, right and lawful authority to
<br />and convey the Property~ the Property is free and clear of
<br />liens and encumbrances, except as follows:
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<br />A Trust Deed, dated November 24, 1986, from Capitol Supply
<br />Company to FirsTier Bank, National Association, Lincoln,
<br />Nebraska, as "Trustee", and FirsTier Bank, National
<br />Association, Lincoln, Nebraska, Trustee of the Capitol
<br />Supply Company Disbursement Trust, as "Beneficiary".
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<br />and subject, however, to all easements, restrictions and cove-
<br />nants now of record~ and Trustor will warrant and defend the
<br />title to the Property unto the Trustee, his successors and
<br />assigns, forever, against the claims of all persons whomsoever.
<br />Trustor, at its expense, will maintain and preserve the lien of
<br />this Trust Deed as a lien upon the Property subject only to the
<br />encumbrance hereinabove described, and will cause this Trust
<br />Deed, and each amendment or supplement thereto, to be filed and
<br />recorded as a mortgage of the property in such manner and in
<br />such place, and will take such other action as is in the opinion
<br />of the Trustee may be required by any present or future law in
<br />order to perfect, maintain, and protect the lien of this Trust
<br />Deed, as the same may be from time to time amended or supple-
<br />mented.
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<br />2. pavment of Principal and Interest. Trustor shall pay,
<br />when due, the principal of and interest on the indebtedness
<br />evidenced by the Note, including any advances thereto as provided
<br />herein, on the dates and at the place and in the manner provided
<br />therein, and will punctually perform all agreements, conditions
<br />and provisions of any other security instrument given in connec-
<br />tion with this transaction.
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<br />3. Preservation and Maintenance of Propertv. Trustor
<br />will not commit any waste upon the Property, and will, at all
<br />times, maintain the same in good order and condition, and will
<br />make, from time to time, all repairs, renewals, replacements,
<br />additions and improvements which are reasonably required to
<br />prevent waste, impairment or deterioration of the Property. No
<br />building or improvement now or hereafter erected upon the
<br />Property shall be altered, removed or demolished without the
<br />prior written consent of Beneficiary, which consent shall not be
<br />unreasonably withheld.
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<br />4. Compliance with Laws. Trustor shall comply, at all
<br />times, with all Federal and State laws, all municipal ordinances,
<br />and all rules and regulations of any governmental entity having
<br />jurisdiction over the Property, insofar as said laws, ordinances,
<br />rules and regulations pertain in any way to the Property and its
<br />use.
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