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What is an acceleration clause in a mortgage instrument? Question 1 options: The right of the lender to call the entire loan due in the

What is an acceleration clause in a mortgage instrument?

Question 1 options:

The right of the lender to call the entire loan due in the event of borrower default.

The right of a lender to call the entire loan due when the property is sold.

A clause that speeds up the interest rate when a borrower defaults.

None of the above

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