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i 1.21871GC 100603 (a) Trustor shall not be in default {under this Deed of Trust or under. any other of the Security Documents and shall have . established a prior satisfactory payment record in respect of the Promissory" Note; (b) The insurance proceeds shall be deposited with Beneficiary; (c) Trustor shall have furnished Beneficiary with a copy of all required municipal and governmental permits and authorizations required for such work; (d) Any work which would cost more than 558,000.00 (as reasonably estimated by Beneficiary) shall be conducted under the supervision of a licensed architect or engineer selected by Trust-or and approved by Beneficiary (such approval not to be unreasonably" withheld or delayed). -- and in accordance with detailed plans and specifications and detailed cost estimates prepared by such architect or engineer and approved by BenefKiary, (e) Trustor, before commencing such work, shall furnish to Beneficiary a cash deposit, letter of credit or other ° equivalent security in form and substance satisfactory to Serteficiai y, in _ an amount, if any. by which the estimated cost of such 'work (as reasonably estimated Say Beneficiary) exceeds. the net insurance f proceeds; f) The work is prosecuted to completion with due diligence in an expeditious and first class, workmanlike mariner and in compliance with all applicable laws and other- governmental provisions, '• requirements of 'fire underwriters and all insurance policies then in force. I All such work newest be dram under contracts. whereby the contractors and subcontractors have waived the filing of any- construction lien under the Nebraska Construction Lien Act, or, ire the i, alternative, all of the work is done winder a single general contract with a performance and labor and materW payment- b issued by a surety " any satisfactory tcw Seneficiary era are wig - r s+ wa 1p satin tc e to Beneficiary to guarantee prompt completion of the , work and ant of all costs related thereto; (q) At all times when any ,work is in progress, Trustor shall: - - - (i) maintain wor aten's compensation" insurance .. - _.. and employer's liability insurance covering all persons efr4Aoyed in connection with such work with respect to whom claims for death or bodily injury could_ be asserted against the Trustor; . - - - - - (ii) - prom re such endorsements ents to the title insurance. policy there in force with respect to such property as may be appropriate it, connection with such *ork. or as Beneficiary shall otherwise require ; - and