Please select 2 terms from a Finance Instrument (e.g. a deed, Deed of Trust, Mortgage, Note, etc.) used in the real estate finance industry.

List and define 2 terms or conditions from that instrument. Write 1 to 4 pages for each term explaining the meaning of the term, why the term is important, to whom the term is important (buyer, seller, real estate agent or lender) and list any important issues and concerns, or advantages and disadvantages.

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