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In this segment of the North Carolina real estate show, the focus is on the definition of a deed of trust. It is defined as a security instrument where a borrower pledges real estate to secure repayment of a promissory note to the lender. In simpler terms, this means that if a person borrows money to purchase a home but fails to make payments, the lender has the right to foreclose on the property. The phrase "if you don’t pay, you don’t stay" summarizes this concept: homeowners must keep making payments to retain ownership. Additionally, a deed of trust is clarified as distinct from a deed, which represents legal title to the property.