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101845 therefrom. The .Agent may require the Mortgagor to assemble such personal property and make it available to the Agent at a place to be designated by the Agent which is reasonably convenient to all parties. Unless such personal property is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Agent will give the Mortgagor reasonable notice of the time and place of any public sale or of the time after which any private sale or other disposition of such personal property in to be made. This requirement of sending reasonable notice will be met if the notice is mailed by first - class mail, postage prepaid, to the Mortgagor at the address shown below the signatures at the end of this instrument at least eight (8) days before the time of the sale or disposition. 2.6. Rights of thee A Agent with Respect to Fixtures Constituting a Part o thfe Collateral. Upon the occurrence o a Default ancl it such Default shall be continuing, the Agent may elect to treat the fixtures constituting a part of the Collateral as either real property collateral or personal property collateral and then the Trustees or the Agent, as the case may be, may proceed to exercise such rights as apply to such type of collateral. 2.7. Judicial Proceedings. Upon occurrence of a Default and FF such Default shall be continuing, the Trustees, in lieu of or in addition to exercising any power of sale hereinabove given, may proceed by a suit or suits in equity or at law, whether for a foreclosure hereunder, or for the sale of the Collateral, or for the specific performance of any covenant or agreement herein contained or in aid of the execution of any power herein granted, or for the appointment of a receiver pending any foreclosure hereunder or the sale of the Collateral, or for the enforcement of any other appropriate legal or equitable remedy. 2.8. Possession of the Collateral. It shall not be necessary for the Trustees or the Agent to have physically present or constructively in their possession at any sale held by the Trustees, the Agent or by any court, receiver or public officer any or all of the Collateral; and the Mortgagor shall deliver to the purchasers at such sale on the date of sale the Collateral purchased by such purchasers at such sale, and if it should be impossible or impracticable for any of such purchasers to make actual delivery of the Collateral, then the title and right of possession to the Collateral shall pass to such purchaser at such sale as completely as if the same had been actually present and delivered. -25- U