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Line of Credit - Secured Promissory Note

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Line of Credit - Secured Promissory Note Powered By Docstoc
					This Line of Credit Promissory Note is made between a borrower and a lender to create
a line of credit secured by a mortgage on propert
				
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Description: This Line of Credit Promissory Note is made between a borrower and a lender to create a line of credit secured by a mortgage on property owned by the borrower. This document sets forth the terms and conditions of the agreement including the loan's interest rate, the credit line limit, and default provisions. It contains standard provisions and may be customized to fit the specific needs of the contracting parties. This document is useful to borrowers and lenders to create a line of credit secured by real property.