14. Which of the following is NOT a provision that may be found in a residential mortgage agreement? (1) An acceleration clause (2) An accounting agreement (3) A call clause (4) A collateral agreement 15. Daniel Eriks, a hobby farmer from Kelowna, and his wife, Ashley, have applied for a mortgage loan at the local bank. At the present time, there is a large supply of mortgage funds available. Trevor Jacobs, a new employee of the bank, is asked to carry out the credit analysis for Daniel and Ashley's mortgage loan application. Which of the following should Trevor consider in the credit analysis? A. The amount of Daniel's personal loans B. The type of tractor that Daniel uses on his hobby farm C. The nature and the stability of Daniel's sources of income D. Daniel and Ashley's annual gross income (1) A and B only (2) C and D only (3) B, C, and D only (4) A, C, and D only 16. The purchase cost is: (1) the specific amount that the property will trade for, and is negotiated between the vendor and the purchaser. (2) an estimate of what a property is likely to sell for in an arm's-length transaction between a willing, informed, and rational average buyer and seller, if the property is on the market for a reasonable period of time when market conditions are unchanged. (3) the long-term, conservative estimate of the value of the property pledged as a security for a loan, based on characteristics of the land, improvements, and surrounding area. (4) the total costs of purchasing a property, including the purchase price plus all legal, appraisal, credit analysis, and associated fees, plus any bonus that may be charged on a mortgage