promissory note
companion document
deed of trust
trust deed is the security instrument that pledges the collateral
promise to repay the sum of money being borrowed
considered a security instrument.
not a promise to pay
it is an unconditional promise
as such signed by the maker or the borrower
it is a two party instrument
holder in due course
forgery
material alteration.
promissory note in full
due on sale
credit worthiness
transfer of loan
right to recall loan
encumbrance clause
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