1. A _________________ occurs when the borrower fails to observe these duties and promises

2. A _________________________ has several alternatives to pursue against a borrower who has defaulted in the terms of the loan

3. A __________________ is a non-foreclosure response to the default.

4. A _________________ may exist if the loan broker or lender failed to disclose any material facts relating to the terms of the loan.

5. Before a lender will agree to negotiate the terms of the loan with a borrower, the lender and the borrower will execute a __________________________________

6. Explain how the paralegal should review the note and the mortgage or trust deed. Make sure that you include all the items that should be considered.

7. An __________________ arises when a tenant, the assignor, transfers all of the tenant's unexpired lease to a third party.

8. Many states require that mechanic's lien claimants serve a ________________ to owner (known in some states as a preliminary notice) within a certain time after the claimant's work has begun on the project

9. When it is recorded on the title to property, a _________________ provides constructive notice to prospective buyers and lenders that another person has a claim that could result in a court order requiring the sale of the property to satisfy that person's claim.

10. A ______________ is an encumbrance on property used to secure the repayment of a debt.

11. A ____________________ is a tenancy that lasts for a fixed period of time and continues to renew for like periods of time until either the landlord or the tenant gives notice of termination.

12. A _____________________ has no stated term, no stated rent amount, and lasts only so long as both the landlord and the tenant agree to it.

13. A _____________________ is a specific lien that arises from the construction or other improvement of real estate.

14. In a __________________, the contractor is compensated for all building costs, plus an amount for overhead costs and profit.

15. __________________ is price regulation imposed upon landlords.

16. An ______________ is a rate tied to a cost of living or something similar.