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Choose the One Most Appropriate Answer for Each

Question 9

Multiple Choice

Choose the one most appropriate answer for each.
-a document wherein personal property is used as security for a promissory note


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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