Escrow & Title
In Arizona, a 'partial release clause' in a blanket mortgage allows the borrower to:
APartially pay off the loan
BRelease individual parcels from the blanket mortgage lien by paying a specified portion of the loan✓ Correct
CRelease the mortgage without full payoff
DTransfer part of the mortgage to a new lender
Explanation
A partial release clause allows a developer with a blanket mortgage to release individual lots from the lien by paying a specified release price, freeing each lot to be sold with clear title as the development is completed.
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