Multiple Choice
Choose the one most appropriate answer for each.
-an agreement that is considered to be a mortgage in its intent even though it may not follow the usual mortgage wording
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:

Verified
Correct Answer:
Verified
Q39: The covenant of _ requires the borrower
Q40: A legal description of the property typically
Q41: In a promissory note, the term "principal"
Q42: _ means the borrower retains the right
Q43: In a foreclosure, a surplus money action
Q45: Choose the one most appropriate answer for
Q46: An alienation clause in a mortgage loan
Q47: Which of the following requires a public
Q48: When a property sells at a foreclosure
Q49: A mortgagee allows a clause in his