13Where a property in respect of which a lien has arisen is wholly or partly destroyed by fire, any money received or receivable by an owner or by a prior mortgagee or chargee by reason of insurance thereon takes the place of the property so destroyed, and is, after satisfying any prior mortgage or charge in the manner and to the extent set out in subsection 9(4), subject to the claims of lienholders to the same extent as if the money were realized by a sale of the property in an action to enforce a lien.