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The purpose of the mortgage or deed of trust is to provide security for the loan that is evidenced by a promissory note.
If you want to know more about a promissory note and its template, then read this article carefully.
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The document is created before your eyes as you respond to the. A loan agreement is a written agreement between a lender and a borrower. This Mortgage is given by _____ (Borrower), whose address is _____, to _____ (Lender), to secure the payment of the principal sum of _____ dollars ($ ) together with interest thereon computed on the outstanding balance, all as provided in a Note having the same date as this Mortgage, and also to secure the performance of all the terms, covenants, agreements, conditions. a.
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