Businesses can also record documents, and have the option to record documents electronically. A trust deed is always used together with a promissory note (also called "prom note") that sets out the amount and terms of the loan.This article discusses the typical modifications of a note and reviews the use of a note modification agreement and the modification of note forms. In the notes following Section 3. Contained within the UTA are many factors to consider in determining if you can modify or terminate an irrevocable trust with or without court approval. Said Deed of Trust as herein modified shall constitute one Deed of Trust. Deed of Trust Versus Promissory Note. A deed of trust often requires a promissory note, but the promissory note is a specific document type. Also, most people who take out a loan to buy a residential property in Pennsylvania sign a promissory note and mortgage. Mortgage releases. Easements.