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    Real Estate Principles
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    Exam 8: Mortgage and Note
  5. Question
    A Mortgagee Allows a Clause in His Contract Stating That
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A Mortgagee Allows a Clause in His Contract Stating That

Question 49

Question 49

True/False

A mortgagee allows a clause in his contract stating that another lender's interest will be allowed to take precedence over his own. This clause is a subordination clause.

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