Mortgage debt due to estate.
Section 707
SEC. 707. Mortgage debt due to estate. — Debts secured by mortgage, together with the security, belonging to the estate of a deceased person, as mortgagee or assignee of the right of a mortgagee, when such mortgage was not foreclosed in the lifetime of the deceased, shall be deemed to be personal assets in the hands of the executor or administrator and administered and accounted for as such; and the executor or administrator may foreclose the mortgage, and the proceeds of foreclosure which may be ultimately realized shall be deemed to be personal assets, to be administered and accounted for as such.