Article 11-2. In case the properties, which are ordered by the Commission to be transferred to the Commission in accordance with the provisions of Art. 10, par. 1, or 2, are mortgaged, such mortgage right shall be nulified when the properties in question are transferred in accordance with such order, and the mortgages may, in accordance with the provisions of Ordinance, execute his rights upon the receipt of such transferred properties or upon the government bonds which will be delivered in payment of such transferred properties, and upon the income to be derived from such properties.