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~; 2. Payment of Principal and Interest. Trustor shall punctu- ally gay the principal of, and interest an, said promissory note including 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. Preservatior, 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 pre- vent 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, pro- vided such changes and alterations do not materially lessen the value and utility of such buildings, improvements and personality from that existing immediately prior to such dam- age or destruction. Trustor shall be entitled to reimburse- ment from the Trustee to the extent of the net insurance pro- ceeds received by Trustee, but only to the extent of the actual sum expended 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 in- corporation. 6. Insurance. Trustor, at its expense, wili maintain with insurors approved by Beneficiary, insurance with respect to the improvements and personal property, constituting the Prop- erty against loss by fire, lightning, tornado, anti ether perils covered by standard extended coverage endorsement, in an amount equal to at. least one hundred percent of the full replacer~cnt value thereof; and insurance against such other hazards and in such amount as is customarily carried by owners and opera- tors of similar properties and as Beneficiary may require for its protection. Trustor will comply with such other require- ments 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 be 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 $enefi- ciary 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 gol.icies 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 shall, at the option of Beneficiary, constitute a default. All unearned premiums are hereby assigned to Trustee as additonal security and a sale and conveyance of the Prop- erty by the Trustee shall operate to convey to the purchaser the Trustor's interest in and to alI policies of insurance upon the Trust Prvperty. -2-