Question: Question: Part(a) Why must both a promissory note and a mortgage document be executed simultaneously in order to properly create a mortgage loan? Part(b) What

Question:

Part(a) Why must both a promissory note and a mortgage document be executed simultaneously in order to properly create a mortgage loan?

Part(b) What will happen if only a promissory note is executed when making the mortgage loan, but no mortgage document is ever executed?

Part(c) For a loan to be made without recourse, what must be included in the promissory note?

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