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A borrower has a home loan with a local bank. His deed states that he is the owner of the property. The mortgage is an

A borrower has a home loan with a local bank. His deed states that he is the owner of the property. The mortgage is an encumbrance or a cloud on title. Upon repayment of the loan, the cloud will be removed. The borrower is an a state that recognizes which mortgage theory?

A. Lien

B. Title

C. Intermediate

D. Standard

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