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85-- 000407 2. Payment of Principal and Interest. Trustor shall punctu- ally pay the principal of, and interest on, said promissory note'.'' =itncX4&ng any advances thereto as provided herein on the dates and at the place and in the manner provided therein and will punctually perform all agreements, conditions and pro - visions of any other security instrument given in connection with this transaction. 3. Preservation and Maintenance of Property. Trustor will not commit any waste upon the Property and will, at all times, maintain the same in good order and condition and will make, from time to time, all repairs, renewals, replacements, addi- tions 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 destruc- tion of, the buildings, improvements or personal property constituting part of the Trust Property, whether such loss is covered by insurance or otherwise, Trustor, at its sole 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, improvements 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 received by Trustee, but only to the extent of the actual sum expended under this provision. S. 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 in- corporation. 6. Insurance. Trustor, at its expense, will maintain with insurors approved by Beneficiary, insurance with respect to the improvements and personal property, constituting the Property against loss by fire, lightning, 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 insurance against: such other hazards and in such amount as is customarily 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 respective 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 her no cancellation or modification without fifteen days prior written notification to Trustee. and Beneficiary. In the event any policy hereunder is not renewed on or before fifteen days prior to its expiration date, 'Trustee or Beneficiary may procure such insurance and the cost thereof shall be added to the loan secured by this 'Trust Deed and shall bear interest at the greater of the interest rate specified therein or the highest. interest rate authorized by the laws of the State of Nebraska. Trustor shall deliver to Beneficiary the original policies of insurance. and renewals thereof or memo copies.; of such policies; and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder <-hal I , It then option of Beneficiary, constitutrr a default . All unearned premiums are hereby assigned to Trustee as 6additonal Security and a sale and e ^onveyance of t lie Troperty by t he Trus tce •;heal I oper.aIv to convey to than purch. °sser then 'T'rusytor's; interc!,t in 'and to .all 5 polteic•e, of ingur.atice upon the triss:i !'rnpert�'.