SUCH TIME AND THE GIVING OF SUCH NOTICE
OF SALE AS MAY THEN BE REQUIRED BY LAW, SUBJECT TO THE TERMS HEREOF AND OF THE
OTHER LOAN DOCUMENTS, AND WITHOUT THE NECESSITY OF ANY DEMAND ON MORTGAGOR,
MORTGAGEE AT THE TIME AND PLACE SPECIFIED IN THE NOTICE OF SALE, SHALL SELL SUCH
PROPERTY OR PART THEREOF AT PUBLIC AUCTION TO THE HIGHEST BIDDER FOR CASH IN
LAWFUL MONEY OF THE UNITED STATES.
MORTGAGEE MAY FROM TIME TO TIME POSTPONE ANY
SALE HEREUNDER BY PUBLIC ANNOUNCEMENT THEREOF AT THE TIME AND PLACE NOTICED FOR
ANY SUCH SALE; AND
(IV)
IF THE PROPERTY CONSISTS OF SEVERAL LOTS, PARCELS OR ITEMS OF
PROPERTY, MORTGAGEE SHALL, SUBJECT TO APPLICABLE LAW, (A) DESIGNATE THE ORDER IN
WHICH SUCH LOTS, PARCELS OR ITEMS SHALL BE OFFERED FOR SALE OR SOLD, OR
(B) ELECT TO SELL SUCH LOTS, PARCELS OR ITEMS THROUGH A SINGLE SALE, OR THROUGH
TWO OR MORE SUCCESSIVE SALES, OR IN ANY OTHER MANNER MORTGAGEE DESIGNATES.
ANY
PERSON, INCLUDING MORTGAGOR OR MORTGAGEE, MAY PURCHASE AT ANY SALE HEREUNDER.
SHOULD MORTGAGEE DESIRE THAT MORE THAN ONE SALE OR OTHER DISPOSITION OF THE
PROPERTY BE CONDUCTED, MORTGAGEE SHALL, SUBJECT TO APPLICABLE LAW, CAUSE SUCH
SALES OR DISPOSITIONS TO BE CONDUCTED SIMULTANEOUSLY, OR SUCCESSIVELY, ON THE
SAME DAY, OR AT SUCH DIFFERENT DAYS OR TIMES AND IN SUCH ORDER AS MORTGAGEE MAY
DESIGNATE, AND NO SUCH SALE SHALL TERMINATE OR OTHERWISE AFFECT THE LIEN OF THIS
MORTGAGE ON ANY PART OF THE PROPERTY NOT SOLD UNTIL ALL THE OBLIGATIONS HAVE
BEEN SATISFIED IN FULL.
IN THE EVENT MORTGAGEE ELECTS TO DISPOSE OF THE
PROPERTY THROUGH MORE THAN ONE SALE, EXCEPT AS OTHERWISE PROVIDED BY APPLICABLE
LAW, MORTGAGOR AGREES TO PAY THE REASONABLE COSTS AND EXPENSES OF EACH SUCH SALE
AND OF ANY JUDICIAL PROCEEDINGS WHEREIN SUCH SALE MAY BE MADE;
(E)
INSTITUTE AN ACTION, SUIT OR PROCEEDING IN EQUITY FOR THE
SPECIFIC PERFORMANCE OF ANY COVENANT, CONDITION OR AGREEMENT CONTAINED HEREIN,
IN THE NOTE, IN THE LOAN AGREEMENT OR IN THE OTHER LOAN DOCUMENTS;
(F)
RECOVER JUDGMENT ON THE NOTE EITHER BEFORE, DURING OR AFTER
ANY PROCEEDINGS FOR THE ENFORCEMENT OF THIS MORTGAGE OR THE OTHER LOAN
DOCUMENTS;
(G)
APPLY FOR THE APPOINTMENT OF A RECEIVER, TRUSTEE, LIQUIDATOR
OR CONSERVATOR OF THE PROPERTY, WITHOUT NOTICE AND WITHOUT REGARD FOR THE
ADEQUACY OF THE SECURITY FOR THE DEBT AND WITHOUT REGARD FOR THE SOLVENCY OF
MORTGAGOR, ANY GUARANTOR OR INDEMNITOR WITH RESPECT TO THE LOAN OR ANY PERSON
OTHERWISE LIABLE FOR THE PAYMENT OF THE DEBT OR ANY PART THEREOF;
(H)
THE LICENSE GRANTED TO MORTGAGOR UNDER SECTION 1.02 HEREOF
SHALL AUTOMATICALLY BE REVOKED AND MORTGAGEE MAY, UPON WRITTEN NOTICE TO
MORTGAGOR, ENTER INTO OR UPON THE PROPERTY, EITHER PERSONALLY OR BY ITS AGENTS,
NOMINEES OR ATTORNEYS AND DISPOSSESS
12
Mortgagor and its agents and servants therefrom, without liability for trespass,
damages or otherwise and exclude Mortgagor and its agents or servants wholly
therefrom, and take possession of all books, records and accounts relating
thereto and Mortgagor