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a 87-- 103812 as a lien upon the Trust Property subject only to encumbrances existing as of the date hereof,will cause this Trust Deed, and each amendment or supplement thereto, to be filed and recorded as a mortgage of the Trust Property in such manner and in such place, and will take such other action as in the opinion of Trustee may be required by any present or future law in order to perfect, maintain and protect the lien of this.Trust Deed, as the same may be from time to time amended or supplemented. 2. Payment of Principal and Interest. Trustor shall punctually pay the principal o., and interest on, said promissory note in- cluding any advances thereto as provided herein on the dates and at the place and in the manner provided therein and will punc- tually perform all agreements, conditions, and provisions of any other security instrument given in connection with this transaction. 3. Preservdtion and Maintenance of�Pro Property. Trustor will not commit any waste upon the Property and will, at all times, main- tain the same in good order and condition and will make, from time to time, all repairs, renewals, replacements, additions and improvements which are reasonably required to prevent waste, impairment, or deterioration of said property. No building or improvement now or hereafter erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary. 4. Damage to Property. In case of any damage to, or destruction of, the buildings, improvements or personal property constituting part of the Trust Property, whether such loss is covered by insur- ance or otherwise, Trustor, at•itssole cost and expense, will promptly restore, repair, replace and rebuild the same as nearly as practicable to its condition immediately prior to such damage or destruction or with such changes and alterations as Trustor may deem appropriate, provided such changes and alterations do not materially lessen the value and utility of such buildings, improve- ments and personalty from that existing immediately prior to such damage or destruction. Trustor shall be entitled to reimbursement from the Trustee to the extent of the net insurance proceeds re- ceived by Trustee, but only to the extent of the actual sum ex- pended under this provision. 5. Corporate Trustor. If Trustor is a corporation, it will do all things necessary to preserve its corporate existence, rights, and privileges under the laws of the state of its incorporation. 6. Insurance. Trustor, at its expense, will maintain with insurors approved y Beneficiary, insurance with respect to the improvements and personal property, constituting the Property against loss by fire, lightening, tornado, and other perils covered by standard extended coverage endorsement, in an amount equal to at least one hundred percent of the full replacement value thereof; and insur- ance against such other hazards and in such amount as is customar- ily carried by owners and operators of similar properties and as Beneficiary may require for its protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the interest of the re- spective parties. All insurance policies maintained pursuant to this Trust Deed shall name Trustor and Beneficiary as insureds, as their respective interests may appear, and provide that there shall be no cancellation or modification without fifteen days prior writ- ten notification to Trustee and Beneficiary. In the event any L policy hereunder is not renewed on or before fifteen days prior to its expiration date, Trustee or Beneficiary may procure such insur- ance and the cost thereof shall be added to the loan secured by this Trust Deed and shall. bear interest at the greater of the in- terest rate specified therein or the highest interest rate author- ized by the laws of the State of Nebraska. Trustor shall deliver O'dIdn