Contracts
An 'acceleration clause' in a Nebraska mortgage means:
AThe mortgage payments increase each year
BThe entire loan balance becomes immediately due upon certain triggering events such as default✓ Correct
CThe interest rate accelerates after 5 years
DThe lender can foreclose without any notice
Explanation
An acceleration clause makes the entire outstanding loan balance immediately due and payable upon a specified default (usually missed payments or sale of the property — 'due on sale'). It is a prerequisite to foreclosure.
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