Ne Varietur Louisiana Law

Louisiana Installment Promissory Note Ne Varietur, for Identification with Act of Collateral Mortgage and with Act of Subordination
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State:
Louisiana
Control #:
LA-5415
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Description installment promissory note

A promissory note is a written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. This is an example of an installment promissory note, in which the loan is repaid in fixed installments at regular intervals as specified in the note. This is a secured note, paraphed for identification with an Act of Collateral Mortgage and an Act of Subordination. A paraph is a signature by a notary on the evidence of an obligation, typically a collateral mortgage note, to identify the note with the collateral mortgage securing the note. Paraphing means that the notary signs the note with his official signature, thereby certifying to the notes genuineness. By paraphing the note ne varietur, the notary binds and identifies the note with the acts of mortgage and subordination.

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