Finance
A 'release clause' in a blanket mortgage covering multiple Georgia lots provides that:
AA. The lender can release the borrower from liability
BB. Individual lots can be released from the mortgage lien upon payment of a specified release price✓ Correct
CC. The borrower can be released from interest payments
DD. The lender releases their priority in favor of a new lender
Explanation
A release clause in a blanket mortgage allows a developer to sell individual lots by paying a set release price to the lender. The lender then releases that lot from the lien while the mortgage continues to cover the remaining lots.
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