You are a paralegal working for a law firm that represents the American Eagle Mortgage Company. American Eagle Mortgage Company is making a real estate mortgage loan to Constance Morton and Samuel Morton. The amount of the loan is $75,500 payable at an annual interest rate of 8% per annum over a period of 30 years. The monthly payment of $553.95 is due and payable on the first day of each month. The note is to be signed on February 23, 2013, with the first payment being due and payable on April 1, 2013. American Eagle Mortgage Company charges a late fee equivalent to 5% of the overdue payment if the payment is more than 10 days late. American Eagle Mortgage Companys address is 1050 Cumberland Circle, Anytown, United States 27333. The purpose of the loan is to enable the Mortons to purchase a home located at 1000 Riverview, Anytown, United States 27333.

The legal description for the home is as follows:

All that tract or parcel of land lying and being in Land Lot 6 of the 8th District of Madison County, Your State, and being more particularly described as Lot 3 Block A, Riverview Subdivision, as shown on plat of subdivision recorded at Plat Book 23, Page 19, Madison County, Your State Records.

Prepare a note and deed to secure debt for this loan transaction. You may reference Exhibit 10-1 and Exhibit 10-7 found at the end of this chapter or the appropriate note and security instruments used in your state as the forms.