Section 14 · In case of default in payment of the loan in accordance with the terms herein contained, the mortgagee or its transferee or assignee shall have the right to bring the mortgaged property to sale without the intervention of the Court and to enforce its or his remedies against other movable and immovable assets of mortgagor in case the sale proceeds of the properties hereby mortgaged are not sufficient or rendered unfit for sale to liquidate the entire loan with interest and cost