A Second Deed of Trust Promissory Note is utilized when property owners seek additional financing while maintaining an existing first mortgage. This document type is common in U.S. real estate transactions where borrowers require supplemental funding for property improvements, debt consolidation, or other purposes. The Second Deed of Trust Promissory Note clearly establishes the loan amount, interest rate, payment terms, and the lender's security interest in the property, while acknowledging its subordinate position to the first deed of trust. This arrangement allows property owners to access their equity while maintaining their primary mortgage.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let ¶¶Òõ¶ÌÊÓƵ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the lender and borrower with full legal names and addresses
2. Principal Amount: States the exact amount being borrowed
3. Interest Rate: Specifies the interest rate, calculation method, and payment terms
4. Payment Terms: Details payment schedule, amounts, and methods
5. Security: References the deed of trust and property securing the note
6. Default Provisions: Defines events of default and consequences
1. Prepayment Provisions: Terms for early payment, used when prepayment penalties apply
2. Late Payment Charges: Optional penalties for late payments
3. Subordination Language: Specific language regarding priority of liens, used when required by first lienholder
1. Property Description: Legal description of the property securing the note
2. Payment Schedule: Detailed amortization schedule if applicable
3. First Deed of Trust Reference: Details of the senior lien including recording information
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Promissory Note For Payment Of Debt
A U.S. legal document establishing a borrower's promise to repay a specific sum to a lender under defined terms.
find out more
Promissory Note Money Loan
A U.S. legal document establishing terms and conditions for a monetary loan between parties, governed by federal and state lending laws.
find out more
Promissory Note Personal Guarantee Language
A U.S. legal document combining a promissory note with a personal guarantee of repayment, providing additional security for lenders.
find out more
Promissory Note Payable To Order
A U.S. legal instrument containing a written promise to pay a specified sum to a named party or their order, governed by the UCC.
find out more
Promissory Note Lump Sum Payment
A U.S. legal document containing a written promise to pay a specified sum of money in a single payment at a future date.
find out more
Promissory Note Lien
A U.S. legal document combining a promise to repay with a security interest in property, governed by federal and state laws.
find out more
Promissory Note In English
A legally binding document evidencing a debt and repayment terms, enforceable under U.S. law.
find out more
Payment Plan Promissory Note
A U.S. legal document establishing loan terms and scheduled repayment obligations between lender and borrower.
find out more
Promissory Note For Installment Payments
A U.S. legal document establishing a borrower's promise to repay a loan through scheduled installment payments.
find out more
Simple Promise To Pay Letter
A legally binding document used in the United States that formally acknowledges a debt and commits to its repayment under specified terms.
find out more
Promissory Note To Pay Back Money
A legally binding U.S. document containing a written promise to repay a specific sum of money under defined terms.
find out more
Promissory Note For Family Loan
A U.S. legal document that formalizes and documents the terms of a loan between family members.
find out more
Contract To Pay Back Money
A U.S.-governed agreement documenting loan terms, repayment obligations, and security arrangements between a lender and borrower, compliant with federal and state lending laws.
find out more
Unsecured Promissory Note Installment Payments
A U.S. legal document establishing terms for an unsecured loan to be repaid through scheduled installment payments.
find out more
Second Deed Of Trust Promissory Note
A U.S. legal instrument combining a promissory note with a secondary security interest in real property, subordinate to a first deed of trust.
find out more
Promissory Note For Stock Purchase
A U.S. legal document combining a promissory note with stock purchase terms, enabling payment for company shares over time.
find out more
All Inclusive Promissory Note
A U.S. legal document that combines multiple loans into a single promissory note with comprehensive payment terms.
find out more
Promissory Note Secured By A Deed Of Trust
A U.S. legal instrument combining a promise to pay with property security through a deed of trust.
find out more
Purchase Money Promissory Note
A U.S. legal document evidencing a debt obligation created to finance the purchase of property or assets, detailing repayment terms and conditions.
find out more
Due On Demand Promissory Note
A U.S. legal instrument documenting a debt obligation payable upon the lender's demand, governed by state laws and the UCC.
find out more
Private Loan Promissory Note
A U.S. legal document that establishes the terms and conditions of a private loan agreement, creating an enforceable obligation for repayment.
find out more
Hard Money Loan Promissory Note
A U.S. legal document establishing terms for a high-interest, asset-backed loan typically secured by real estate.
find out more
Easy Promissory Note
A U.S.-compliant written promise to repay a specified sum of money under defined terms and conditions.
find out more
General Promissory Note
A legally binding U.S. document containing a written promise to repay a specific sum of money under defined terms.
find out more
Quick Promissory Note
A legally binding U.S. document containing a written promise to pay a specified sum of money under defined terms.
find out more
Generic Promissory Note
A legally binding document used in the U.S. containing a written promise to pay a specified sum under defined terms.
find out more
Unsecured Promissory Note Lump Sum Payment
A U.S. legal document evidencing an unsecured debt to be repaid in a single payment, with specified terms and conditions.
find out more
Standby Promissory Note
A U.S.-governed financial instrument documenting a contingent promise to pay a specified sum under defined terms and conditions.
find out more
Refinance Promissory Note
A U.S. legal document that establishes new terms for an existing loan, replacing the original promissory note with updated financing conditions.
find out more
Promissory Note Signed By Borrower Only
A U.S. legal document containing a written promise to pay a specified sum of money, signed only by the borrower.
find out more
Promissory Note Shareholder Loan To Corporation
A U.S. legal document evidencing a loan from a shareholder to their corporation, including terms of repayment and interest.
find out more
Partial Claim Promissory Note
A U.S. legal document evidencing a borrower's promise to repay a portion of a debt, commonly used in loan modifications and government-backed mortgage programs.
find out more
Mobile Home Promissory Note
A legally binding U.S. document that outlines the terms and conditions of a loan for purchasing a mobile home, subject to federal and state regulations.
find out more
Medical Promissory Note
A U.S. legal document establishing a patient's promise to pay for received medical services, including payment terms and conditions.
find out more
Lender Promissory Note
A U.S. legal document representing a borrower's written promise to repay a loan under specified terms.
find out more
Consumer Promissory Note
A U.S. legal document that establishes the terms of a consumer loan, including repayment obligations and interest rates.
find out more
Business Loan Promissory Note
A U.S. legal document evidencing a business loan agreement, including loan amount, terms, and repayment obligations.
find out more
Standard Promissory Note Secured
A U.S. legal document evidencing a loan agreement secured by collateral, including payment terms and security details.
find out more
Installment Loan Agreement Promissory Note
A U.S.-governed agreement establishing terms for an installment loan, incorporating both loan agreement and promissory note elements.
find out more
Personal Guarantee On Promissory Note
A U.S. legal document where a guarantor assumes responsibility for another party's debt obligation specified in a promissory note.
find out more
Promissory Note For Business Purchase
A U.S. legal document evidencing debt and payment terms for a business purchase transaction.
find out more
Unsecured Promissory Note Issued By A Corporation
A U.S. legal document where a corporation promises to repay an unsecured debt under specified terms and conditions.
find out more
Promissory Note Letter For Payment
A legally binding U.S. document that outlines the terms of a loan agreement, including repayment obligations and conditions.
find out more
Promissory Note From Corporation To Shareholder
A U.S. legal document evidencing a corporation's promise to repay a loan from its shareholder, including payment terms and conditions.
find out more
Promissory Note For Down Payment
A U.S. legal document establishing terms for repayment of a down payment loan.
find out more
Old Promissory Note
A legally binding financial document under U.S. law that contains a written promise to repay a specified sum of money under stated terms.
find out more
Multiple Advance Promissory Note
A U.S. legal document establishing terms for multiple-disbursement loans with specified maximum amounts and repayment conditions.
find out more
Joint And Several Promissory Note
A U.S. legal document where multiple borrowers each promise to repay a debt and are individually responsible for the entire amount.
find out more
Informal Promissory Note
A U.S.-compliant document recording a loan agreement and promise to repay between parties.
find out more
Future Advance Promissory Note
A U.S. legal document combining a promissory note with provisions for future monetary advances.
find out more
Consolidated Promissory Note
A U.S. legal document that combines multiple loans into a single obligation with unified terms and conditions.
find out more
Unsecured Demand Promissory Note
A U.S. legal document representing an unsecured promise to pay a specified sum on demand.
find out more
Simple Note Payable
A U.S. legal document evidencing a promise to pay a specific sum of money under defined terms and conditions.
find out more
Letter Of Promissory Note For Tuition Fee
A U.S.-compliant legal document establishing a binding promise to pay educational tuition fees, subject to federal and state regulations governing promissory notes and educational financing.
find out more
Short Term Unsecured Promissory Note
A U.S. legal document containing a written promise to repay an unsecured debt within a short time period.
find out more
Secured Demand Promissory Note
A U.S. legal document combining a promise to pay with security interest in collateral, allowing the lender to demand payment at any time.
find out more
Renewal Promissory Note
A U.S. legal document that extends or renews an existing promissory note, modifying terms while maintaining the original debt obligation.
find out more
Promissory Note For Partial Payment
A U.S. legal document establishing terms for repayment of a loan through scheduled installments.
find out more
Partial Recourse Promissory Note
A U.S. legal document that establishes a promise to repay a loan with limited lender rights to pursue assets in case of default.
find out more
Promissory Note For Past Due Rent
A U.S. legal document converting unpaid rent into a formal debt obligation with specified repayment terms.
find out more
Credit Card Promissory Note
A U.S. legal document converting credit card debt into a formal promise to pay with fixed terms and conditions.
find out more
Amended And Restated Promissory Note
A U.S. legal document that modifies and restates the terms of an existing promissory note while maintaining the original debt obligation.
find out more
6 Month Promissory Note
A U.S. legal document representing a written promise to repay a specified sum within six months, including terms and conditions of repayment.
find out more
Simple Promissory Letter
A legally binding document under U.S. law that contains a written promise to pay a specified sum of money under defined terms.
find out more
Promissory Note With Balloon Payment
A U.S. legal document establishing a loan repayment obligation with regular payments and a larger final balloon payment.
find out more
Personal Promissory Note
A legally binding document used in the US that records a personal loan agreement and repayment terms between parties.
find out more
30 Day Promissory Note
A US-governed financial instrument documenting a promise to repay a specified sum within 30 days.
find out more
Interest Only Promissory Note With Balloon Payment
A U.S. legal document establishing terms for a loan with interest-only payments and final balloon payment.
find out more
Business Promissory Note
A U.S. legal document where a business formally promises to repay a specified loan amount under agreed terms.
find out more
Vehicle Promissory Note
A U.S. legal document establishing terms for vehicle-secured loan repayment.
find out more
Promissory Note Purchase And Sale Agreement
A U.S. legal agreement governing the sale and transfer of a promissory note between parties, subject to federal and state securities laws.
find out more
Bridge Loan Promissory Note
A U.S. legal document evidencing a short-term loan that bridges temporary financing needs until permanent funding is secured.
find out more
Construction Loan Promissory Note
A legally binding document under U.S. law that evidences a borrower's promise to repay a construction loan with specified terms and conditions.
find out more
Time Note Loan
A U.S. legal document establishing terms for a fixed-time loan repayment with specified interest rates and payment schedule.
find out more
Short Form Promissory Note
A concise legal document used in the US that evidences a debt and promise to repay under specified terms.
find out more
Shareholder Loan Promissory Note
A U.S. legal document that establishes the terms and conditions of a loan from a shareholder to their company.
find out more
Replacement Promissory Note
A U.S. legal document that replaces an existing promissory note while maintaining the underlying debt obligation.
find out more
Promissory Note Secured By Real Property
A U.S. legal document evidencing a debt secured by real property, specifying repayment terms and establishing the lender's security interest.
find out more
Promissory Note For Land Purchase
A U.S. legal document establishing terms for payment in a land purchase transaction.
find out more
Personal Loan Note Agreement
A U.S.-compliant legal document that establishes the terms and conditions for a personal loan between a lender and borrower.
find out more
Joint Promissory Note
A U.S. legal document where multiple parties jointly promise to repay a loan, governed by state laws and the UCC.
find out more
Earnest Money Promissory Note
A U.S. legal document evidencing a promise to pay earnest money, typically used in real estate transactions.
find out more
Compound Interest Promissory Note
A U.S. legal document establishing terms for loan repayment with compound interest, including principal, interest rate, and payment schedule.
find out more
Promissory Note For Lending Money To Friend
A legal document used in the U.S. that formalizes and documents the terms of a personal loan between friends.
find out more
Home Loan Promissory Note
A U.S. legal document evidencing a borrower's promise to repay a home loan under specified terms and conditions.
find out more
Forgivable Promissory Note
A U.S. legal document establishing terms for a loan that can be forgiven under specified conditions.
find out more
Amended Promissory Note
A U.S. legal document that modifies the terms of an existing promissory note while maintaining the original debt obligation.
find out more
90 Day Promissory Note
A U.S. legal document evidencing a promise to repay a specified sum within 90 days, subject to federal and state regulations.
find out more
Undertaking Promissory Note
A U.S.-governed written promise to repay a specific sum of money under defined terms and conditions.
find out more
Standard Promissory Note Unsecured
A U.S. legal document evidencing an unsecured promise to repay a specified sum of money under defined terms.
find out more
Secured Convertible Promissory Note
A U.S. debt instrument that provides secured lending with an option to convert into equity, governed by federal and state securities laws.
find out more
Promissory Note With Payment Schedule
A U.S.-governed document that establishes loan terms, including principal, interest, and payment schedule between lender and borrower.
find out more
Promissory Note Settlement Agreement
A U.S. legal document that establishes terms for settling an existing promissory note obligation between creditor and debtor.
find out more
Promissory Note Deed
A U.S. legal instrument combining a promise to pay with security provisions, documenting loan terms and conditions.
find out more
Promise Of Payment Contract
A U.S.-governed contract documenting a formal promise to pay a specified sum, including payment terms, interest, and default provisions.
find out more
Pledge Note
A U.S. legal instrument combining a promissory note with a security agreement, creating an enforceable security interest in pledged collateral.
find out more
Lump Sum Promissory Note
A U.S. legal document containing a promise to repay a specified sum of money in a single payment at a future date.
find out more
Individual Promissory Note
A legally binding document under U.S. law containing a written promise to repay a specific sum of money with defined terms and conditions.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)