If such default be continued for the further space of one month from the date
of such notice, or for such other period as may in such instrument be for that
purpose limited, the mortgagee or encumbrancee is hereby authorised and
empowered to sell the land so mortgaged or encumbered, or any part thereof,
and all the estate and interest therein of the mortgagor or encumbrancer, and
either altogether or in lots, by public auction or by private contract, or by
both such modes of sale, and subject to such conditions as he may think fit,
and to buy in and resell the same without being liable for any loss occasioned
hereby, and to make and execute all such instruments as shall be necessary for
carrying the sale thereof into effect.