djohnsondj3317 djohnsondj3317
  • 19-04-2024
  • Business
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What is the name of the term that provides the rule that if a mortgagor fails to make a payment on time, the entire principal sum and accrued interest is immediately due and the mortgagee can then pursue all remedies available?
1) amortization clause
2) acceleration clause
3) default clause
4) power of sale clause
5) foreclosure clause

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