(1) In case of non-compliance with the obligations, the mortgagee may sell, lease, license or sell any or all of the mortgaged property. (2) The mortgaged property may be sold publicly or privately under one or more contracts. (3) ) According to this Act, the sale of the mortgaged property may be done separately or collectively at any time, place or condition in accordance with the duties of the mortgagee. The mortgagee shall inform the mortgagor of the time and place of the public sale of the mortgaged property or the time of private sale or sale in any other manner. (5) The mortgagee may purchase the mortgaged property through any public or private sale.