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The "Due on Sale" Provision in a Mortgage Means That

question 23

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The "due on sale" provision in a mortgage means that if the mortgage is sold, the debt secured by the mortgage will become due and payable.

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Definitions:

Satisfaction

The fulfillment of one's needs or the pleasure derived from consuming goods or services.

Consuming It

Pertains to the act of using up resources or products to satisfy needs or desires.

Ability

The possession of the means or skill to do something.

Satisfy Wants

The fulfillment of human desires or needs through the consumption of goods and services.

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