The following language appears in a mortgage: "In the event the buyer is delinquent in monthly payments for a period longer than 30 days, the full balance of the loan then due and owing, including principal, shall become due." The language is an example of:
A) An acceleration clause.
B) A balloon payment clause.
C) A due-on-sale clause.
D) An Anaconda clause.
Correct Answer:
Verified
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