1. Which of the following statement(s) best describes the mortgage document and the promissory note?
   1. The promissory note is the contract in which the lender agrees to make the loan and the borrower agrees to repay the loan
   2. A mortgage transfers title to the property being financed to a trustee, who holds the title for the lender until the loan is paid off
   3. A mortgage is the evidence of pledge of title as security for a debt or the fulfillment of an obligation
   4. a and b
   5. a and c