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89. i00731 t 6. Performance by Mortgagee. Mortgagee may, but shall have no obligation to, do any act which the Mortgagor has agreed but failed to do, and Mortgagee may also do any act Mortgagee deems necessary to protect the lien hereof. Mortgagor agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee shall not incur any personal liability because of anything the Mortgagee may do or omit to do hereunder. 7. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall be entitled, at Mortgagee's sole' option and without notice, to declare all sums secured by this Mortgage to be immediately due and payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such default the Mortgagee, -or a receiver appointed by a Court, may, at their option and without regard to the adequacy of the security, enter upon and take possession of the property, collect the rents, issues and profits therefrom and apply them first to the cost of collection and operation of the property and then upon the indebtedness seciked by this Mortgage; said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secured hereby. 8. Transfer of Property. If all or anv Part of the property is sold or trans erre by the Mortgagor, Mortgagee may, at their sole option, declare all sums secured by this Mortgage to be immediately due and payable. 9. Miscellaneous Provisions, A. Any forbearance in exercising any right or remedy shall not be a waiver thereof. B. All remedies provided herein are distinct and cumulative to any other right afforded by law or equity, and may be exercised, concurrently, independently or successiv6 y. C. The covenants and agreements. contained herein, shall bind, and the rights inure to the respective successors,. heirs, and assigns of the Mortgagor and tae Mortgagee. D. All covenants and agreements of the Mortgagor -ere joint and several. R. The headings of the paragraphs of this. Mortgage are for convenience only and shall not :,be. used to interpret or define the provisions., hereof. 10. Release.' Upon payment of all sump secured by this Mortgage, Mortgagee shall discharge this Mortgage and shall execute a.d..deliver a satisfactory release therefor. IN WITNESS WHFEOF, the Mortgagor has executed this Mortgage on the day �� T /1) of ��y 1989. GALEN E. LAMBRECHT HARRIET K. LAMBRECHT STATE OF NEBRASKA ) ,- s s ... COUNTY OF HALL ) On the ~f day of %, �; : ,,,� 1989, beforr� me, the• undersigned Notary PublA c,�persona-TT came Galen E. Lambrecht �-