1966. Privileges and hypothecs become extinct:
1. By the total loss of the property subject to the privilege or hypothec; by the changing of its nature; and, except in certain cases, by its ceasing to be an object of commerce;
2. By the determination or legal extinction of the conditional or precarious right of the person who granted the privilege or the hypothec;
3. By the confusion of the qualities of privileged or hypothecary creditor and purchaser of the property charged. The hypothec or privilege nevertheless reviving if the creditor who has become purchaser be evicted for a cause which is not attributable to himself or herself;
4. By the express or tacit remission of the privilege or hypothec;
5. By the complete extinction of the debt to which the privilege or hypothec is attached, and also in the case provided in article 1127;
6. By judicial sale and also by expropriation for public purposes, the creditors in such case retaining their recourse upon the price of the property;
7. By judgment of confirmation of title, as provided in the Code of Civil Procedure;
8. By prescription.