(1) Except as otherwise provided in this Act or otherwise agreed between the parties, even if the mortgaged property is transferred by sale, lease, license, exchange, sale or in any other way, the right of mortgage over the mortgaged property shall continue to exist. (2) Otherwise provided in this Act. Unless otherwise agreed upon between the parties, the mortgage right shall be attached to the profit obtained from the sale of the mortgage property. (3) If the mortgage right on the original mortgage property matures, the mortgage right shall remain in force even on the profit received from such principal mortgage. A mortgage on a benefit received by the mortgagor shall not mature twenty days after the date of receipt of such benefit except in the following cases:- (a) if the registered notice covers the initial mortgage property and if the benefit received from such initial mortgage property is a cash benefit or in the initial notice If a benefit of the nature mentioned is received, or (b) if the mortgage right on such benefit is matured before the expiry of the twenty day period.