What type of clause is this? “If any monthly installment under this Note is not paid when due and remains unpaid after a date specified by a notice to Mortgagor, the entire principal amount outstanding and accrued interest thereon shall at once become due and payable at the option of the Note holder.”

Andrea’s lender has notified her of its intent to foreclose. Her loan is secured with a deed of trust. What rights does she have to redeem her property?

The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is this called?

The ______ clause allows the borrower to pre-pay principal on the loan at any time without penalty.

What type of provision is standard with either the mortgage or the deed of trust, but is included in the promissory note rather than the security instrument?

A lot in a new subdivision is finished and ready to be sold. The developer needs a clear title in order to transfer the property. Which of the following clauses must be included in a loan agreement?

A developer, Howard, has purchased land with the expectation of constructing an apartment building. He explains to his lender that he’ll need a construction loan as well, so the mortgage they sign includes what kind of clause to allow the construction loan’s lien position to take priority?

Which clause is standard in a deed of trust and affects the foreclosure process that can be used if the borrower defaults?