Effect of Charge or Encumbrance on Property Which was

Previously Disposed of by Will. If a testator who has made a testamentary disposition of property subsequently places a charge or encumbrance on such property for the purpose of securing the payment of money or the performance of any covenant or agreement, neither such a charge or encumbrance nor a conveyance, settlement or other act of the testator, by which his interest in any such property is altered but not fully divested, is a revocation of COL120106 CH. 4 REVOCATION OF WILLS such testamentary disposition; but such property, subject to such charge or encumbrance, or the testator's remaining interest in such property, passes by the will.