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h.) Statutory Power of Sale. Waiver. and Agreement - At <br />maturity, whether at the stated time or prior thereto by the <br />acceleration of maturity pursuant hereto, Mortgagee (in addition <br />to any other remedies provided for herein or which it may have at <br />law or equity) shall have the statutory power of sale, and on <br />foreclosure may retain statutory costs and attorneys' fees. <br />7.) WAIVER OF NOTICE AND HEARING - MORTGAGOR HEREHY <br />EXPRESSLY: <br />{a) <br />CONSENTS TO THE FORECLOSURE AND SALE OF THE MORTGAGED <br />PREMISES BY ACTION PURSUANT TO MINNESOTA STATUTES, <br />CHAPTER 581, OR, AT THE OPTION OF MORTGAGEE, BY <br />ADVERTISEMENT PURSUANT TO MINNESOTA STATUTES, <br />CHAPTER 580, WHICH PROVIDES FOR SALE AFTER SERVICE OF <br />NOTICE THEREOF UPON THE OCCUPANT OF THE MORTGAGED <br />PREMISES AND PUBLICATION OF SAID NOTICE FOR SIX WEEKS IN <br />THE COUNTY IN MINNESOTA WHERE THE MORTGAGED PREMISES IS <br />SITUATED; <br />(b) <br />ACKNOWLEDGES THAT SERVICE NEED NOT BE MADE UPON <br />MORTGAGOR PERSONALLY (UNLESS MORTGAGOR IS AN OCCUPANT) <br />AND THAT NO HEARING OF ANY TYPE IS REQUIRED IN <br />CONNECTION WITH THE SALE; AND <br />tc) <br />EXCEPT AS MAY BE PROVIDED IN SAID STATUTES, WAIVES ANY <br />AND ALL RIGHT -TO PRIOR NOTICE OF SALE OF THE MORTGAGED <br />PREMISES AND ANY AND ALL RIGHTS TO A PRIOR HEARING OF <br />ANY TYPE IN CONNECTION WITH THE SALE OF THE MORTGAGED <br />PREMISES. <br />8.p. Late Charge Mortgagor agrees to pay Mortgagee a late <br />charge of five percent (59.) of each payment that is not received <br />by, iortgagea_wit.hin fifteen (15) days after its due date. <br />8.) Miscellaneous - This Mortgage shall be governed by and <br />construed a accordance with the laws of the State of Minnesota <br />and: shall inure to the benefit of Mortgagee and its successors and <br />as Any forbearance by Mortgagee in exercising any right or <br />�,.remedy hereunder, or otherwise af�orded by applicable law, shall <br />aw <br />not, be a waiver of or seclude the exercise of any such right or <br />remedy, The procurement of insurance or the payment of taxes or <br />©then liens'or charges by Mortgagee shall not be a. waiver of <br />Mortgagee's right to accelerate the maturity of, the indebtedness <br />secured by,this Mortgage. If any provision hereof is determined <br />to be unenforceable or invalid; such provision or such part <br />thereof aq°may be unenforceable or invalid shall be deemed severed <br />Yr <br />cl <br />f <br />7. <br />