A “sharp” clause in a mortgage or other security (or the whole iustrument described as “sharp”) is one which empowers the creditor to take prompt and summary action upon default in payment or breach of other conditions.
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A “sharp” clause in a mortgage or other security (or the whole iustrument described as “sharp”) is one which empowers the creditor to take prompt and summary action upon default in payment or breach of other conditions.
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