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<br />84 --004738
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<br />2; 'pAyment of Principal and Interest. Trustor shall punctu-
<br />ally pay the principal of, and interest on, said promissory
<br />note including any advances thereto as provided herein on the
<br />dates and at the place and in the manner provided therein and
<br />will punctually perform all agreements, conditions and pro-
<br />visions of any other security instrument given in connection
<br />with this transaction,
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<br />3. Preservation and Maintenance of Property. Trustor will
<br />not commit any waste upon the Property and will, at all times,
<br />maintain the same in good order and condition and will make,
<br />from time to time, all repairs, renewals, replacements, addi-
<br />tions and improvements which are reasonably required to prevent
<br />waste, impairment, or deterioration of said 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,
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<br />4, Damage to Property, In case of any damage to, or destruc-
<br />tion of, the buildings, improvements or personal property
<br />constituting part of the Trust Property, whether such loss is
<br />covered by insurance or otherwise, Trustor, at its sole cost
<br />and expense, will promptly restore, repair, replace and rebuild
<br />the same as nearly as practicable to it~ ~ondition immediately
<br />prior to such damage Jr desr:ructio o~ with such changes a.nd
<br />alterations as Trustor may deem appropriate, provided such
<br />changes and al terations do not materially lessen the value and
<br />utili ty of such buildings, improvements and personalty from
<br />that existing immediately prior to such damage or destruction,
<br />Trustor shall be entitled to reimbursement from the Trustee to
<br />the extent of the net insurance proceeds received by Trustee,
<br />but only to the extent of the actual sum expended under this
<br />provision.
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<br />5. Corporate Trustor, If Trustor is a corporation, it will
<br />do all things necessary to preserve its corporate existence,
<br />rights and privileges under the laws of the state of its in-
<br />corporation,
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<br />6, Insurance, Trustor, at its expense, will maintain with
<br />insurors approved by Beneficiary, insurance with respect to the
<br />improvements and personal property, constituting the Property
<br />against loss by fire, lightning, tornado, and other perils
<br />covered by standard extended coverage endorsement, in an amount
<br />equal to at least one hundred percent of the full replacement
<br />value thereof; and insurance against such other hazards and in
<br />such amount as is customarily carried by owners and operators
<br />of similar properties and as Beneficiary may require for its
<br />protection. Trustor will comply with such other requirements
<br />as Beneficiary may from time to time request for the protection
<br />by insurance of the interest of the respective parties, All
<br />insurance policies maintained pursuant to this Trust Deed shall
<br />name Trustor and Beneficiary as insureds, as their respective
<br />interests may appear, and provide that there shall be no
<br />cancellation or modification without fifteen days prior written
<br />notification to Trustee and Beneficiary, In the event any
<br />policy hereunder is not renewed on or before fifteen days prior
<br />to its expiration date, Trustee or Beneficiary may procure such
<br />insurance and the cost thereof shall be added to the loan
<br />secured by this Trust. Deed and shall bear int.erest at the
<br />greater of the interest rate specified therein or the highest
<br />interest rate authorized by the laws of the State of Nebraska,
<br />Trustor shall deliver to Beneficiary the original policies of
<br />insurance and renewals thereof or memo copies of such policies
<br />and renewals thereof, Failure to furnish such insurance by
<br />Trustor, or renewals as required hereunder shall, at the option
<br />of Beneficiary, consti tute a defaul t.. All unearned premiums
<br />are hereby assigned to Trustee as additonal security and a sale
<br />and conveyance of the Property by the Trustee shall operate to
<br />convey t.o the purchaser t.he Trus tor's interes tin and to all
<br />policies of insurance upon the Trust Property,
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