20. Which of the following clauses would be found in a deed of trust but not in a mortgage? A. A defeasance clause B. An acceleration clause C. A power of sale clause D. A reconveyance clause 21. Deed and other instruments that affect land titles should be recorded A. In order to provide constructive notice B. Immediately after delivery or execution C. At a time when convenient D. Both A and B 22. A contract binding on one party but not the other is A. illegal B. Voidable C. Unenforceable D. Void 23. The option portion of a lease-option contract can be attached to the lease as A. A purchase agreement B. An accord C. A rider D. A binder 24. Which of the following would be recorded in the public records in order to clear an existing deed of trust? A. A reconveyance B. A mortgage C. The promissory note D. The deed 25. The public recorder's office A. Is an agency of the federal government B. Is located in the local radio station C. Serves as a central information station for documents pertaining to land D. Is an agency of the civil government 26. The phrase "time is of the essence" means A. Broker must present the offer quickly B. That the transaction must close as soon as possible C. That punctual performance of the time limits set by the contract is essential D. Little, because the phrase has no specific meaning