A mortgage must include a power-of-sale clause to be foreclosed by?

The correct choice indicates that a mortgage must include a power-of-sale clause to be foreclosed by advertisement. A power-of-sale clause allows the lender to sell the property without going through the court system, which is typically required in judicial foreclosures.

When a mortgage includes this clause, it grants the lender the authority to initiate a non-judicial foreclosure, which involves notifying the public through advertisements and conducting a public auction to sell the property in question. This process often allows for a quicker resolution than judicial foreclosures, as it bypasses the need for court proceedings and can lead to the property being sold without a lengthy litigation process.

In contrast, the other choices represent different foreclosure methods that do not inherently require a power-of-sale clause. For instance, a judicial proceeding requires court involvement and is characterized by legal actions rather than advertisements. Public auction can occur as part of the process but is not specifically reliant on a power-of-sale clause unless in the context of non-judicial foreclosures. Finally, notice to cure refers to a way of informing the borrower of default, and while it is part of the foreclosure process, it does not itself act as a method for initiating foreclosure. Thus, the power-of-sale clause is critical in enabling the advertisement