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Mississippi Satisfaction, Release or Cancellation of Deed of Trust by Corporation Form

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Mississippi Satisfaction, Release or Cancellation of Deed of Trust by Corporation Form

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question 899 a provision in a security instrument stating that the instrument will have a lower lean priority than another mortgage or deed of trust is called a a acceleration Clause B secondary lean position Clause C subordination clause D priority positioning Clause correct answer is C subordination clause this Clause makes it possible for a later recorded security instrument to assume a higher priority lean position usually subordination Clauses are used in mortgages securing purchase loans for unimproved land when the borrower is planning to obtain a construction loan later from A lender who will demand the superior lean priority

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