Escrow & Title
In Tennessee, a 'blanket mortgage' covers:
AOnly the primary residence
BTwo or more parcels as collateral for a single loan✓ Correct
CA mortgage that insures against all risks
DA mortgage that covers the full appraised value
Explanation
A blanket mortgage uses two or more parcels as collateral for a single loan. It commonly includes a partial release clause allowing the borrower to sell individual parcels by paying down a portion of the loan.
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