Finance
A 'blanket mortgage' covers:
AA. The entire cost of a residential home including furniture
BB. Two or more parcels of land as security for a single loan✓ Correct
CC. A loan with a floating interest rate
DD. Mortgage insurance for all loans in a portfolio
Explanation
A blanket mortgage (or blanket deed of trust) uses multiple parcels as collateral for one loan. They are common in residential subdivision development. A release clause allows individual lots to be released from the lien as they are sold.
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