Finance
In Louisiana, a 'partial release clause' in a blanket mortgage allows the mortgagor to:
APartially pay off the mortgage early
BObtain the release of individual parcels from the blanket mortgage lien as they are sold, upon paying a specified release price✓ Correct
CRelease the property from all local taxes
DPartially reduce the interest rate
Explanation
A partial release clause in a blanket mortgage allows the borrower to pay a specified amount (the release price) to obtain a release deed freeing individual parcels from the mortgage — allowing clear title to be given to buyers of individual lots in a subdivision.
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