What type of mortgage covers two parcels of land?

A blanket mortgage is a type of mortgage that encompasses more than one parcel of land, allowing a borrower to secure financing for multiple properties under a single loan. This type of mortgage is often used by developers or investors who need to finance several properties at once or who plan to sell off individual lots in the future.

By using a blanket mortgage, the borrower simplifies the financing process as they deal with a single loan rather than multiple loans for each parcel. Additionally, it typically includes a partial release clause, which enables the borrower to sell one parcel while keeping the mortgage intact for the remaining properties. This can provide significant flexibility when managing real estate investments.

The other options represent different types of mortgages that either pertain to individual properties or have different characteristics that do not involve multiple parcels of land in the way a blanket mortgage does.