Kuestion $|{)}_{?}($ points$)$

Which of the following is true of the Promissory Note?

A promissory note is simply the individual's promise to pay back the amount

borrowed.

Signature on a promissory note allows the lender to record a lien against the

ownership of the property.

Borrowers do not sign a promissiory note, only the mortgage.

The promissory note is also known as a security instrument.

Question $2(2$ points$)$