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Ron borrows funds from Suburban Bank secured by Ron's house. Ron defaults on the debt. The bank's options include disposing of the collateral in any

Ron borrows funds from Suburban Bank secured by Ron's house. Ron defaults on the debt. The bank's options include

disposing of the collateral in any commercially reasonable manner.

retaining the security interest and pursuing a judicial remedy.

repossessing the collateral and disavowing the security interest.

destroying the collateral and collecting the unpaid debt from Ron.

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