Common use of PROMISE TO PAY SECURED Clause in Contracts

PROMISE TO PAY SECURED. Xxxxxxxx's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the same date as this Note and called the "Security Instrument" or the "Second Security Instrument." The Security Instrument protects the Lender from losses which might result if Borrower defaults under this Note. Xxxxxxxx also executed a First Security Instrument and First Note when the Second Security Instrument and this Note were executed.

PROMISE TO PAY SECURED. Xxxxxxxx's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the same date as this Note and called the "Security Instrument" or the "Second Security Instrument." The Security Instrument protects the Lender from losses which might result if Borrower defaults under this Second Note. Xxxxxxxx also executed a First Security Instrument and First Note when the Second Security Instrument and this Second Note were executed.

PROMISE TO PAY SECURED. Xxxxxxxx's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the same date as this Note and called the "Security Instrument" or the "Second Security Instrument." The That Security Instrument protects the Lender from losses which might result if Borrower defaults under this Note. Xxxxxxxx also executed a First Security Instrument and First Note when the Second Security Instrument and this Note were executed.