Of the following parties to a mortgage, whose interest is benefited by an acceleration clause?
A) The mortgagor
B) The mortgagee
C) A future owner
D) The trustee
Correct Answer:
Verified
Q1: Which is an example of pledged property?
A)
Q3: When a borrower gets behind on his
Q4: A mortgagee in a lien theory state
Q5: Unless there is a specific agreement to
Q6: In some states, a mortgage is considered
Q7: Which lien would have highest priority?
A) Property
Q8: The parties to a mortgage are called
A)
Q9: A second mortgage is
A) a seller's lien.
B)
Q10: The phrase "jointly and severally liable" in
Q11: A "due on sale" clause
A) may be
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