Florida Real Estate Exam

Answer: C. The property held as collateral under the terms of the Deed of Trust secures the promissory note. A Trust Deed by itself has no value. It is the promissory note that is the negotiable instrument. A note cannot be recorded by itself. However, a Trust Deed can be recorded, which perfects the lien. If the Trust Deed is recorded, the note may be recorded along with it, as the Trust Deed secures the note.