Application for sale and manner of sale

(1) In exercise of the power of sale conferred by section 75, the society or any person duly authorized by the society, may apply to the sale officer appointed in that behalf under section 84 to sell the mortgaged property or any part thereof and such officer shall, after giving notice in writing to all the persons referred to in section 75, sell such property in the manner prescribed subject to any previous charge on the basis of a registered deed. (2) The sale shall be by public auction and shall be held in the village or town where the mortgaged property is situated or at the nearest place of public resort if the sale officer is of opinion that