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A mortgage is a loan contract where the debtor (mortgagor) uses his land as security for the debt. Which of the following are contractual aspects

A mortgage is a loan contract where the debtor (mortgagor) uses his land as security for the debt. Which of the following are contractual aspects of a mortgage?

1.

all of the above.

2.

It contains terms that require the debtor to repay the loan with interest and default in any single payment will trigger a reminder letter only.

3.

Other important terms in a mortgage contract establish the interest rate, the term and maturity date, the amortization period.

4.

They do not obligate the mortgagor to pay the taxes, insure and keep the property in a good state of repair.

5.

an acceleration clause that makes the entire cash advance due and owing.

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