How Much Should the Mortgage Holder Expect to Collect from the Liquidation

How much should the mortgage holder expect to collect from the liquidation?

A) $474,000
B) $510,000
C) $450,000
D) $480,000
E) $478,000 Land and building sold for $450,000 leaves $60,000 unsecured still owing.
40% x $60,000 = $24,000
Mortgage holder expects $450,000 + $24,000 = $474,000