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Open the promissory note.

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This document records the borrower's promise to repay the loan.

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It states terms such as the amount owed, interest rate,

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and payment requirements.

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Place the note beside the mortgage or deed of trust.

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The note addresses the debt and repayment.

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The security instrument connects the obligation to property securing it.

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Reading one does not replace reading the other.

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The documents work together, but their functions are different.

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Match the exam question to the document's job instead of

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treating all loan paperwork as one instrument.

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Quick check:

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are the promise to repay and the pledge of property

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the same function?

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No.

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The note documents repayment; the security instrument provides the property

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security.