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Chapter 6

Form 6-5

Security for Payment

Note Secured by Real Property Only

Clause 6-5

1

This note is secured by a vendor’s lien [include if applicable: and supe­rior title] retained in a deed from [name] to Borrower dated [date] and by a deed of trust of even date from [Borrower/[name of grantor in deed of trust]] to [name of trustee], trustee, both of which cover the following real property: [property description].

Or

Clause 6-5

2

This note is secured by a deed of trust dated [date] from [Borrower/[name of grantor in deed of trust]] to [name of trustee], trustee, which covers the following real property: [property description].

Note Secured by Both Real Property and Personal Property

Clause 6-5

3

This note is secured by a deed of trust and security agreement dated [date] from [Borrower/[name of grantor in deed of trust and security agree­ment]] to [name of trustee], trustee. The deed of trust contains a security agree­ment that covers the personal property described in the deed of trust and the following real property: [property description].

Security Interest Is Created in a Deed of Trust and a Separate Security Agreement

Clause 6-5

4

This note is secured by a deed of trust dated [date] from [Borrower/[name of grantor in deed of trust]] to [name of trustee], trustee, which covers the following real property: [property description]. This note is additionally secured by a security interest created in a security agreement that covers per­sonal property and that is dated [date] and executed by [Borrower/[name of debtor in security agreement]] as the debtor in favor of Lender as the secured party.

Note Secured by Personal Property Only

Clause 6-5

5

This note is secured by a security interest created in a security agreement that covers [type of collateral] and that is dated [date] and executed by [Borrower/[name of debtor in security agreement]] as the debtor in favor of Lender as the secured party.