Because the Mortgage Conveys a Complex Claim for a Long

question 17

Multiple Choice

Because the mortgage conveys a complex claim for a long period of time, clauses are included in anticipation of possible future complications. Which of the following clauses requires a borrower to make monthly deposits into an account in order to pay obligations such as property taxes, community association fees, or causality insurance premiums?

• A) Demand clause
• B) Insurance clause
• C) Escrow clause
• D) Exculpatory clause

---

Definitions:

Pursuit Rotor Task

A cognitive task used in psychological studies to measure motor skills and learning, involving the tracking of a moving target.

Episodic Memory

Autobiographical memory for events pegged to specific place and time contexts.

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Declarative Memory

The type of long-term memory that allows individuals to consciously recall facts and events.