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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 lndebtedness
<br />shall have the right to become the purchaser at any such sale,:.-
<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 sate, 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.
<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 hciders of liens junior
<br />to the lien of this Mortgage, hereby specifically waive and
<br />release ail 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 permitted by law, Mort-
<br />gagor waives any and all rights of redemption.
<br />(6) Upon the occurrence of an Event of Default
<br />hereunder or under the 91ote, Mortgagee may, at its option,
<br />in addition to any and every other remedy, do any one or more
<br />of the following:
<br />(A) Enter upon and take possession of the Mortgaged
<br />Property and remove the fixtures ar 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 />whica is not a part of the htgrtgaged Property and hold
<br />ar store such property at i~tortgagor's expense;
<br />(B} Reguire 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 tc be designated by Mortgagee which
<br />is reasonably convenient to Mortgagor and iortgagee;
<br />{C) After notification, if any, hereafter provided
<br />in this Subsection (6)(C) o£ Article IV, sell, lease,
<br />or otherwise dispose of, at the address of Mortgagee,
<br />all or any part o£ the Mortgaged Property constituting
<br />fixtures or personal property in its then cgndition, 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. (o){C) of Article IV
<br />thereinafter referred to as a "Sale") may be as a unit
<br />ar in parcels, by public or private proceedings, and by
<br />way of one ar 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 ar personal property shall not
<br />exhaust Mortgagee's power of sale, but Sales may be made
<br />frgm time to time until the Secured Zndebtedness 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 (6){C} of Article IV, or reasonable notification
<br />a$ the time after which, any private Sale is to be made
<br />pursuant to-this Subsecti,an (6}{C) of Article IV shall
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