Extract the files to a temporary folder.
Accept the License Agreement.
Remove the check mark next to "Launch the Add Printer Wizard after extraction completes".
Locate LMUD1p40 Setup Information file (.inf) via File Explorer > This PC > Local Disk (C:) > Lexmark > Lexmark_Universal_v2_UD1_XL > Drivers > Print > GDI
Note: You need both the path and setup .inf file name.
Open a Command Prompt (Run as administrator).
If the respective port name is not present, then create a Port, either from Print Server Properties > Ports Tab or using Microsoft provided prnport.vbs script.
Example: How to create a standard Tcp/Ip Port using prnport.vbs script
cscript c:\Windows\System32\Printing_Admin_Scripts\en-US\prnport.vbs -a -r -h
Type C:\Windows\system32>rundll32 printui.dll,PrintUIEntry /if /m "Lexmark Universal v2 XL" /f "C;\Lexmark\Lexmark_Universal_v2_UD1_XL\Drivers|Print\GDI\LMUD1p40.inf /r "<IP_Address>" /Z /q
Note: The path and .inf Setup Information file value can vary depending on the driver you want to install (e.g., PCL5, PCL XL, or PS).
Open Control Panel and select View devices and printers.
Select Print server properties.
Click the Drivers tab.
Observe Lexmark Universal v2 XL under Installed printer drivers.
Select it and click OK.
Verify successful installation by locating the driver with the label Lexmark Universal v2 XL, for example.
If you are unable to view the video above, see the following video. You may need to wait for the video to load since the file size is approximately ~6MB.
Download QuickTime media player for Windows.