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The mortgage and the note do different jobs.

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A mortgage pledges real property as security for an obligation.

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The note documents the promise to repay.

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Follow the direction:

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the borrower is the mortgagor, giving the mortgage.

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The lender is the mortgagee, receiving the security interest.

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Keep those roles separate from the repayment promise.

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Do not assume identical title consequences in every state.

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Lien-theory and title-theory systems differ, and some transactions use a

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deed of trust.

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For this concept, focus on the security function.

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Quick check:

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which document ordinarily contains the promise to repay, the mortgage

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or the note?

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The note.

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The mortgage is the security instrument.