§ 403. Memorial to be carried forward. (a) Unless written application
is made by a mortgagee, who acquires fee title to the premises, not to
merge said mortgage with the fee title, the registrar shall delete the
mortgage from the memorial on the certificate of title.

(b) Whenever a memorial or notation has been entered as permitted by
this article, the registrar shall carry the same forward upon all
certificates of title until the same is cancelled in some manner
authorized by this article.