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The video tutorial discusses the revival of a promissory note and its associated lien or mortgage after the statute of limitations has expired. Statutes of limitations, set by legislature, bar the ability to pursue civil claims after a certain time frame; for instance, in Texas, personal injury claims from automobile collisions must be filed within two years. Regarding promissory notes, which are agreements to repay borrowed money, Texas has a four-year statute of limitations. These notes are often linked to a security interest in assets like real estate or vehicles. If a borrower fails to take action within this period, the right to enforce the note or related security may be compromised.