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A loan in which the borrower arranges in advance with a mortgagee for a total amount that will be advanced, in stages, under the mortgage

A loan in which the borrower arranges in advance with a mortgagee for a total amount that will be advanced, in stages, under the mortgage to meet the part of the costs of construction as it progresses is a

(

)

assumption of the mortgage.

nonrecourse mortgage.

open

-

end mortgage.

subordination of the mortgage.

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