Promissory Notes New Mexico

New Mexico Installments Fixed Rate Promissory Note Secured by Residential Real Estate
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State:
New Mexico
Control #:
NM-NOTESEC
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Description

This is a form of Promissory Note for use where residential property is security for the loan. A promissory note is a written promise to pay a debt. An unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer. A separate deed of trust or mortgage is also required.

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