Escrow & Title
In Alaska, a 'release clause' in a blanket mortgage allows a borrower to:
APay off the mortgage early without penalty
BRelease individual parcels from the mortgage lien upon partial payment✓ Correct
CRelease a co-borrower from the loan obligation
DTransfer the mortgage to another property
Explanation
A release clause in a blanket mortgage allows the borrower to sell individual parcels and release them from the mortgage lien upon paying a specified amount. This is commonly used by developers who need to sell individual lots while the overall project is still under construction financing.
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