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This security instrument is used for loans when the collateral is a parcel of real estate. It is legal, but infrequently used in California. The security instrument has only two parties, and creates an encumbrance on the real estate. From the following choices, what is the security instrument called?

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Questions for the California Real Estate Salesperson exam.


This security instrument is used for loans when the collateral is a parcel of real estate. It is legal, but infrequently used in California. The security instrument has only two parties, and creates an encumbrance on the real estate. From the following choices, what is the security instrument called?





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