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Choose the One Most Appropriate Answer for Each

Question 68

Multiple Choice

Choose the one most appropriate answer for each.
-a clause in a mortgage stating that the mortgage is defeated if the borrower repays the accompanying note on time


A) acceleration clause
B) alienation clause
C) assumption
D) chattel mortgage
E) deed of trust
F) defeasance clause
G) deficiency judgment
H) equitable mortgage
I) equity of redemption
J) first mortgage
K) foreclosure
L) junior mortgage
M) mortgage
N) mortgagor
O) partial release
P) power of sale
Q) promissory note
R) public auction
S) subject to
T) subordination

Correct Answer:

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