Question
This clause states that if the borrower repays the debt when due, the words of grant are void, the mortgage is canceled, and the title
This clause states that if the borrower repays the debt when due, the words of grant are void, the mortgage is canceled, and the title is given back to the borrower.
Defeasance clause
Satisfaction clause
Acceleration clause
Due-on-sale clause
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
