If any deposit, proceeds payable in advance, or any income accruing before or after the time of the foreclosure, or termination of a trust, or any proceeds due or to accrue prior to the time of foreclosure or termination of a trust, shall be distributed at the expiration of the time, after which the property shall be sold and the proceeds distributed, an interest in such property shall be paid over, as security for the payment of the above specified sums, to the trustee appointed to handle, act on behalf of, and sell the property so sold until his sale has been completed and the proceeds distributed and a receipt is delivered by the trustee to the purchaser, to whom a further payment is given, and the proceeds thereof are so held and held in trust for the use of the claimant and shall be distributed, but the same shall be applied to the settlement of any claim of a purchaser on behalf of the same property, or of any other mortgagee in favor of the claimant, as to any other mortgagee on
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