Concerning the following, which would be correct?

Question

Quizplus · Accepted Answer

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.

Concerning the Following, Which Would Be Correct