Finance
A Missouri borrower signs a promissory note. The note is:
AA security instrument creating a lien
BA personal promise to repay the debt✓ Correct
CA deed conveying title
DAn insurance policy for the lender
Explanation
A promissory note is the borrower's personal promise (IOU) to repay the loan. The note creates the debt obligation; the deed of trust secures that debt with real property.
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