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3.       The Bank may at any time or times whether before or after default by me/us in such payment, pledge sub-pledge or re-pledge or (on giving me/us reasonable notice in that behalf) sell the said securities, or any part thereof, and may buy in or rescind contracts for sale and re-sale without being accountable for any loss or diminution in price, and may, out of the sale moneys, retain all moneys owing on this security, with all costs and expenses incurred in relation thereto, the surplus (if any) to be paid to me/us and if there be any deficiency, it shall be made good by me/us.