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- Hey everybody. My name is Paul Vojchehoske and welcome to the Real Estate Classroom, YouTube channel. So in today's video, we're gonna discuss the promissory note and the mortgage. In my next video, we're gonna discuss the deed of trust, all right? It just seems like the promissory note, the mortgage and the deed of trust is very difficult for students to understand these concepts. So I wanna make sure that I do a good job on this video, but, the promissory note and the mortgage is where we're gonna start, and I'm gonna give you everything that you need to know, in this video. (bright upbeat music) Okay, so in this video, we're gonna discuss two legal, separate distinct instruments called the promissory note and the mortgage and as I said in my opener, in the next video, I'm gonna discuss the deed of trust or sometimes called the trust deed. It is a concept, all three of these instruments, people just seem, students just seem to have a hard time comprehending how it all works. But w...