MN Bar Practice Questions - Minnesota Bar Examination Exam

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A mortgagor defaults on a loan secured by a mortgage on real property. The lender seeks to enforce the security interest. What is the lender's primary remedy?

Adverse possession of the property Specific performance of the loan Foreclosure of the mortgage to satisfy the debt from the proceeds of a sale Ejectment of all tenants without process

Correct Answer:

Foreclosure of the mortgage to satisfy the debt from the proceeds of a sale

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