This is a form of Promissory Note for use where commercial property is security for the loan. A separate deed of trust or mortgage is also required.
Utah Installments Fixed Rate Promissory Note Secured by Commercial Real Estate
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Utah Installments Secured FAQ
To secure a promissory note means that you identify some specific property and attach it to the note. Then, if the borrower defaults on the loan, you will be able to repossess the collateral as compensation for the loan.
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