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Match the Terms with Their Descriptions

Question 56

Multiple Choice

Match the terms with their descriptions:
-Right of redemption


A) Agreement by a new owner of real property to pay the former owner's mortgage
B) Alternative to a mortgage
C) Clause in a mortgage causing the entire balance of the loan to become due when a default occurs
D) Mortgage subject to a prior mortgage
E) Under this theory, a mortgage is viewed as a lien against the property
F) Mortgage under which payments increase gradually over the life of the loan
G) Statutory right to redeem the property even after a foreclosure sale
H) Deed releasing property from an encumbrance
I) Person borrowing money and giving a mortgage to the lender
J) Clause in a mortgage allowing the mortgagee to hold a foreclosure sale without involving the court when a default occurs

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