A clause that allows the lender to demand immediate payment of the entire balance on a note if the borrower misses the obligatory payments is known as a(n)____________________ clause.
Correct Answer:
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Q37: The right of the mortgagor to reclaim
Q38: A mortgagee allows a clause in his
Q39: A beneficiary allows a clause in his
Q40: The mortgage holding the highest priority would
Q41: When a property sells at a foreclosure
Q43: A power of sale in a mortgage
Q44: A(n)_ clause allows the lender to call
Q45: A nonjudicial foreclosure does not go to
Q46: When a lender voluntarily takes a lower
Q47: A(n)_ foreclosure does not go to court
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