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made under or by virtue oP thie Articls II, together with any
other eume Nhich then may be held by the Mc~tgagee under thie
MortQage, Nhether under.the provieione of thie Article II or
other~iae, ahall be applied-ae followe:
Firat: To the payment of the coete and expeneea of
euch eale, including reaeonable compeneation to the Mort-
~ . .
gagee, its agents and counael, and of any ~udiaial pro-
ceeding wherein the asme may be made, and of all expenaea,
liabilitiea and advancea made or incurrea by the.Mortgagee
under thia Mortgage, togeth~r with intereat at the Involun-
tary Rate on all advancea made by the Mortgagee aind all
taaea.or aeaeaementa, except any taxea, asaesementa or. other
chargea sub~ect to which the Mortgaged Property shall have
• ~ been sold. -
Secon3: To the paymeht oP the whole amount•then due,
oMing or unpsid upon the Note for principal and intereat,
~vith interest on the unpaid principal at the Involuntary
Rete from snd. after the happening of any Event of 'Default
~ described in Clause (a.) oP Section 2.01 from the due date ~
. „ of any euch payment of princippl until the same ia paid.
Third: To the payment of any other eums required to
be paid by the Mortgagor pursuant to any provision of thie
Mortgage or of the Note.
Fourth: To the pa~yment of the aurplue, if any, to
whomaoever may be lawfully en~itled to receive the same.
(e) Upon any aale made under or by virtue of thie
Article II, whether made under the power of sale herein granted
or under or by virtue of ~udicial proceedinga or oP a~udgment
or decree of loreclosure and aale, the Mortgagee may bid Por
and acquire the Mortgaged Property or any part thereoP and in
lieu of paying caeh therefor may meke settleme~t for the pur-
ehaae price by crediting upon ths indebtedneaa of the Mortgagor
aecured by thie Mortgage the net ealea price aPter deduating
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therefrom the eacpeneee of the aale and the ooata of the action
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0 R II-7 ~u~R 17~ PAf,E ~VO
eao~ 1 4 ~cE 1666
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