Section 101 TPA — No merger in case of subsequent encumbrance

6[101. No merger in case of subsequent encumbrance. —Any mortgagee of, or person having a charge upon, immoveable property, or any transferee from such mortgagee or charge -holder, may purchase or otherwise acquire the rights in the pr operty of the mortgagor or owner, as the case may be, without thereby causing the mortgage or charge to be merged as between himself and any subsequent mortgagee of, or person having a subsequent charge upon, the same property; and no such subsequent mortg agee or charge -holder shall be entitled to for close or sell such property without redeeming the prior mortgage or charge, or otherwise than subject thereto.] Notice and Tender