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Question
question 10 1 pts
the inclusion of which of the following clauses in a deed of trust permits the loan to be paid off at any time without a penalty?
an alienation clause
an acceleration clause
a subordination clause
an \or more\ clause
question 11 1 pts
a trust deed differs from a mortgage in which of the following respects?
amortization of the loan
title to the property
recording of the loan document
possession of the property
For Question 10: An "or more" clause allows the borrower to pay off the loan at any time without penalty. An alienation clause deals with transfer of property, an acceleration clause allows the lender to demand full payment under certain conditions, and a subordination clause relates to the priority of liens.
For Question 11: The main difference between a trust deed and a mortgage is in the title to the property. In a trust deed, the title is held by a trustee until the loan is paid off, while in a mortgage, the title remains with the borrower. Amortization, recording, and possession are not the key differentiators.
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Question 10: An "or more" clause
Question 11: Title to the property