(1) In the event of default in the performance of obligation, a security holder may sell, lease, permit or otherwise sell and dispose of any or all of the collateral.
(2) Collateral may be sold and disposed of publicly or privately under one or more then one contract.
(3) Collateral may be sold and disposed of as a unit or in a package at any time, place and on any terms in a manner to be consistent with the security holder’s duties under this Act.
(4) The security holder shall give the security giver a reasonable notice of the time and place of any public sale or the time at which any private sale or other intended disposal of collateral is to be made except in cases where
it is not practical to give such notice on the ground that the collateral is perishable or threatens to decline speedily in value.
(5) The security holder may buy the collateral at any public or private sale.