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<br />88- 106258
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<br />sales, and the exercise of any of the rights, privileges and
<br />options hereby granted, Any holder of the Secured Indebtedness
<br />shall have the right to become the purchaser at any such sale.
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<br />(4) The proceeds of any foreclosure sale hereunder
<br />shall be applied: First, to the payment of all necessary
<br />costs and expenses incident to such foreclosure sale, including,
<br />but not by way of limitation, all court costs and charges of
<br />every character in event foreclosure is by suit; Second, to
<br />the payment in full of all indebtedness secured hereby in
<br />such order as Mortgagee may elect; and Third, the remainder,
<br />if any, shall be paid to Mortgagor or its successors, repre-
<br />sentatives, heirs or assigns.
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<br />(5) In the event of a foreclosure hereunder, either
<br />through judicial proceedings or in exercise of Mortgagee's
<br />power of sale, Mortgagee shall have discretion and control
<br />as to whether the Mortgaged Property shall be sold as an en-
<br />tirety or in separate parcels and tracts, and Mortgagee's
<br />judgment shall be final as to such question, Mortgagor and
<br />all entities hereafter claiming by, through or under it, or
<br />who may at any time hereafter become holders of liens junior
<br />to the lien of this Mortgage, hereby specifically waive and
<br />release all right to have any or all of the Mortgaged Prop-
<br />erty marshalled upon any foreclosure or other enforcement of
<br />the terms hereof. To the full extent 'permi tted by law, Mort-
<br />gagor waives any and all rights of redemption.
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<br />(G) Upon the occurrence of an Event of Default
<br />hereunder or under the Note, Mortgagee may, at its option,
<br />in addition to any and every other remedy, do anyone or more
<br />of the following:
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<br />(A) Enter upon and take possession of the Mortgaged
<br />Property and remove the fixtures or personal property
<br />or any part thereof, with or without judicial process,
<br />and, in connection therewith, without any responsibility
<br />or liability on the part of Mortgagee, take possession
<br />of any property located on or in the Mortgaged Property
<br />which is not a part of the Mortgaged Property and hold
<br />or store such property at Mortgagor's expense;
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<br />(B) Require Mortgagor to assemble that portion of
<br />the Mortgaged Property that is fixtures or personal
<br />property or any part thereof, and make it available to
<br />Mortgagee at a place to be designated by Mortgagee which
<br />is reasonably convenient to Mortgagor and Mortgagee;
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<br />(C) After notification, if any, hereafter provided
<br />in this Subsection (G) (C) of Article IV, sell, lease,
<br />or othe~ise dispose of, at the address of Mortgagee,
<br />all or any part of the Mortgaged Property constituting
<br />fixtures or personal property in its then condition, or
<br />following any commercially reasonable preparation or
<br />processing, and any such sale, lease, or other disposi-
<br />tion made pursuant to this Subsection (G)(C) of Article IV
<br />(hereinafter referred to as a "Sale") may be as a unit
<br />or in parcels. by public or private proceedings, and by
<br />way of one or more contracts, and, at any Sale, it shall
<br />not be necessary to exhibit such fixtures or personal
<br />property, or part thereof, being sold, The Sale of any
<br />part of such fixtures or personal property shall not
<br />exhaust Mortgagee's power of sale, but Sales may be made
<br />from time to time until the Secured Indebtedness is paid
<br />and performed in full. Reasonable notification of the
<br />time and place of any public Sale pursuant to this SUb-
<br />section (G)(e) of Article IV, or reasonable notification
<br />of the time after which any private Sale is to be made.
<br />pursuant to this Subsection (G) (C) of Article IV shall
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