414. Mortgaged property.

414.     Mortgaged property.

If any part of the property of the bankrupt has been mortgaged, the property passes to the trustee subject to the mortgagee's estate or interest1, and subject to the mortgagee's rights to take possession even after the bankruptcy and to exercise all the other rights of a mortgagee. Thus, he will be entitled as against the trustee to the fixtures on the mortgaged property2 and to growing crops there3. If a business is carried on there and the goodwill is not separable from the premises and would pass on a sale of the premises,