Rights of encumbrancees to be preserved, unless they consent to unreserved sale

The rights of all persons holding estates for life or lesser estates which entitle such encumbrancees to the possession and enjoyment of the property, if their encumbrances are entitled to priority over the rights of a legal chargee or encumbrancee prosecuting the sale, unless the consent of such prior encumbrancees has been obtained to an unreserved sale, shall be reserved in the conditions of sale of such land. 72