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In this video tutorial, Paul Vojchehoske introduces the concepts of the promissory note and the mortgage, which he believes are often challenging for students to grasp. He aims to clarify these two legally distinct instruments, beginning with the essential information viewers need to understand them. The video will serve as a foundational discussion on the promissory note and mortgage, while a subsequent video will cover the deed of trust, also known as the trust deed. Vojchehoske emphasizes his goal to enhance comprehension of these crucial real estate concepts.