N.Y. Real Property Law § 403: Memorial to be carried forward

§ 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.