Question

Basically described, an All-Inclusive Deed of Trust includes?

1) more than one underlying obligation
2) replaces a contract
3) is similar to a lease
4) includes two or more promissory notes

Answer 1

An All-Inclusive Deed of Trust is a legal instrument used in real estate transactions that secures multiple promissory notes and their underlying obligations in a single lien on the property.

Step-by-step explanation:

An All-Inclusive Deed of Trust is a legal instrument typically used in real estate transactions. It is a mortgage security instrument that includes multiple promissory notes and the underlying obligations that they represent.

The All-Inclusive Deed of Trust consolidates and secures the various debts and obligations into a single lien on the property. It does not replace a contract or function similarly to a lease.