Finance
In South Dakota, a lender's 'release clause' in a blanket mortgage allows the borrower to:
ARelease the lender from the loan at any time
BRelease individual parcels from the mortgage lien upon payment of a specified amount✓ Correct
CRelease all properties with a single balloon payment
DRelease the interest rate cap when rates decrease
Explanation
A release clause allows individual parcels to be freed from a blanket mortgage (released from the lien) upon payment of a specified portion of the loan, enabling partial sales of the mortgaged properties.
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