12(1)The conveyance is effective—E+W
(a)to discharge the interest acquired from any relevant charge,
(b)to discharge the interest acquired from the operation of any order made by a court for the enforcement of such a charge, and
(c)to extinguish any term of years created for the purposes of such a charge,
without the persons entitled to or interested in such a charge, order or term of years becoming parties to or executing the conveyance.
(2)The effect of this paragraph is restricted to discharging the interest acquired from the charge and does not affect personal liabilities.
(3)This paragraph does not prevent a person from joining in the conveyance for the purpose of discharging the interest acquired from a charge.
(4)The operation of this paragraph is subject to paragraph 14 (effect of failure to apply purchase price in or towards satisfaction of charge).