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in gold or silver or any assets or even promissory notes or mortgages or any type of investment

documents and in that document you actually get a promissory note from the trustees stating

Okay so there's not many investments out there these days where you get a promissory note

You get a copy of that transaction, the promissory note and then you actually get a medical condition

Would you know of anywhere I could get a promissory note to download?

and we filed a lawsuit against JP Morgan and another company and we've claimed fraud and we're going to force them to produce the original promissory note

And most people don't realize that when you go sign a promissory note for a bank,

forcing them to produce the promissory note as evidence of the loan and evidence that

in the understanding and promissory note. They understand real estate law. They understand

The only way that who's ever foreclosing can come forward with the ratification of commencement is if they hold the actual promissory note that

In other words, the promissory note becomes the proof of claim.

they have not been able to answer the promissory note

Well, I was just thinking about these promissory notes

Wait, what promissory notes?

Wait, what promissory notes?

Well, okay, you're the bank, Randy Kelton, I'm Randy R., I sign the promissory note, and you're supposed to lend me $100,000

Because the first thing I ever learned in college was a contract on a promissory note has to have a maker and a promissor

on their bonds using bonded promissory notes everything it was just fantastic and you can

He filed some, not promissory notes, but the other one.

bank and we've done a bonded promissory note and I guess it seems like all the things that

note, the bonded promissory note for the total amount which is considered legal tender of

the promissory note, he's done a pretty incredible job.

and it's identical to promissory notes for mortgages, et cetera, rather, that warrant

doing bonded promissory notes and the whole nine yards you don't really need to

Is the deed of trust and the promissory note two separate instruments?

Sometimes they make the deed of trust and the promissory note one and the same.

but the bonds against the promissory notes are still generating the obligation.

profit off of this you know they take your promissory note on your home it is sold multiple

terms, whereas the promissory note actually paid off the house in full in the first place

and then they take that promissory note and sell it multiple times.

the promissory note as credit of the United States bankruptcy, what do they do, they turn

As in the instance of the promissory note, you just paid off for your house.

They're signing the promissory note.

They didn't tell you that the promissory note actually is full payment.

then is for them to tell you, okay, by virtue of this promissory note, now you have an IOU

The original contract is the promissory note.

And then, of course, further adhesion contracts are them selling your promissory note and

and the promissory note, how it is payment in full, because basically they turn that

A promissory note.

They sell your note and they get the $100,000 by selling your promissory note, and then

Yes, but it's a promissory note. They sell a promissory note.

Exactly. When the guy buying the promissory note looks at it, he's saying, yeah, I'm going

You have a promissory note. That's the way the transaction is supposed to be, but that's

Yeah, that does not become collateral for the promissory note. How do the banks wind

you create a promissory note to the bank, but the bank already got an entry on the positive

companies for fraud, that if you find fraud in the promissory note, it doesn't necessarily

It's illegal, because you signed a promissory note,

I hear people talking about when I issue the promissory note,

I think your promissory note that you sign in that banker's office

Real money is the promissory note.

And the other thing, when we're doing the promissory note in the UCC,

a promissory note cannot be more than nine months.

They may not hold the promissory note, as I say,

Yes, have you seen anybody tender a bonded promissory note to discharge

I've talked to people who file these bonded promissory notes

you never want to send a promissory note in any other capacity than registered mail.

and they never returned the promissory note.

about the bonded promissory note.

they issue a promissory note to him for $20,000

and so they maintain those promissory notes in their possession initially,

They're attesting to the fact that you are a signatory on that promissory note,

So that's a $100,000 promissory note.

They're loaning additional promissory notes.

but it's a promissory note.

When they reach that cap, they've got all these promissory notes that they've accumulated,

It is not the fact that these people signed a promissory note that made that into a security.

It is a promissory note that once it is bundled and sold to a pool

and who you signed your promissory note with, and you put in,

when you sign the promissory note, you also sign a deed of trust,

the promissory note you sent is never, ever recorded.

and you staple that allowance to the back of the promissory note.

All of a sudden somebody's complaining, I want to see the promissory note

any promissory note acts like money.

because the bank is bankrupt without returning you the promissory note.

And Paul, you were just about to explain about the bonded promissory note issue and then

One other question I wanted to ask you, because I heard you mention promissory notes.

On the promissory notes that these people are writing, what is your position about having

effect of splitting the deed of trust from the promissory note is to make it impossible

You give them a deed of trust, promissory note. Well they don't want to hold that note because

which was the promissory note and everything else.

bill, check, ticket, certificate, promissory note, or other paper or other paper of any

is a promissory note and it's a note that's immediately going to be negotiated and it's

Reserve notes into an account and when you sign a promissory note at a closing, we fail

promissory note is never recorded. It is what is used by the lending institution to generate

Once that property is sold the first time, you sign the promissory note with XYZ Bank.

XYZ Bank that day turned your promissory note over

promissory note in the documentation for the mortgage, in all likelihood today, if there

was a promissory note in that application documentation, in all likelihood, when the

bank got that promissory note, they recorded it in their records, the sooner they can record

of that promissory note, they can hold in their account as a base for lending new funds

They'll put the promissory note in, and immediately, it's a $100,000 promissory note, $80,000 they

So as soon as they put that promissory note into their records, it's considered an account

Once they do that, so when they get the promissory note...

So when they have that promissory note sitting in a file, who's to know when they put that

The property or the promissory note?

Well, now you've got the property and the promissory note in the situation.

So if there's a promissory note in there, and that's part of the package, in all likelihood,

they're using that promissory note to generate resources.

note, how are you going to get the promissory note?

A holder-in-due course is a person who takes a negotiable instrument, such as a promissory note, for value without knowledge of any apparent defect in the instrument, nor any notice of dishonor

Persons with a claim against the seller of goods who took a promissory note for the purchase price may have a cause of action against the seller of the goods who sold the negotiable instrument to the holder-in-due course

He has no recourse, he has to pay it anyway because the holder in due course can enforce their promissory note

In other words, the deed of trust or the mortgage document and the promissory note, okay?

So therefore you are allowed to examine the original promissory note

Now what you have to do if you're the lender is show me a promissory note in your name and a lien document in your name

But that's why you want to view the original promissory note

You want to see the promissory note and any allonges

Then the lender sells the promissory note

The courts have obviously ruled that a promissory note is a negotiable instrument, which then

In this case, it's a promissory note.

And the promissory note is exactly the same, and it is a security and it's required to

a promissory note that the lender purchased the property from the seller and then gave

He received consideration for the promissory note in excess of the value of the lien.

He on the other hand has a claim against the signer of the promissory note, but he has

I am referring to the promissory note.

borrower, in return, he gets a promissory note, a promise to pay, and a lien to enforce

I'm going to call back in on Monday because I want to readdress the promissory note issue

That was just a case concerning a promissory note that we used to a file of a credit card.

He came after me and filed it, and he found out that I recorded a promissory note at the county courthouse.

Okay, what was the promissory note drawn on?

Okay, a promissory note is a promise by one person that if a second person presents the note to a third person,

It's a promissory note that I put together by using my Social Security account.

Was this something where you used the promissory note to make purchase?

This issue of filing these promissory notes, I can tell you for certain is bad news,

He gets you to sign this promissory note.

There's also a demand for the original promissory note under 3-501.

that they produce the promissory note, you know, if I go to the bank and I petition the

a check's a promissory note,

If I want to cash the promissory note and want to get payment on it,

and these promissory notes you can write on the treasury

bonded promissory notes off the treasury.

then you can't write bonded promissory notes off the treasury.

or the real party in interest on the promissory notes.

Security interest includes any interest of a co-signer and a buyer of accounts, a chattel paper or payment intangible, or a promissory note in a transaction that is subject to Chapter IX.

or a letter for debt validation or a request for the promissory note.

purchase the title from the seller, then trades the title to the buyer for a promissory note

return for the promissory note, the promise to pay over time, he takes that to an investor

But the lender receives a promissory note in excess of the amount of the promissory

So he can take that promissory note over to the bank where he got the original loan and

Under 3-501 Uniform Commercial Code, you can demand access to for inspection the original promissory note.

is regarding the writing of these bonded promissory notes directly off the Treasury.

you cannot write bonded promissory notes off of the U.S. Treasury directly

And then sometimes it doesn't work, like people trying to use bonded promissory notes and going to jail and stuff like that.

And I would certainly not recommend trying to write bonded promissory notes off the Treasury

You're supposed to get back the original promissory note.

this original promissory note.

take the note, the promissory note, the promise to pay,

secures a promissory note with present value and trades it to the seller for the title of the property.

Then he takes the title of the property and trades it to the buyer for a promissory note from the buyer,

except this promissory note has no present value.

He takes this promissory note with future value

and trades it to an investor for a promissory note with present value.

This promissory note is in excess of the amount of the promissory note the lender originally gave to the seller.

So he then takes this promissory note back to his line of credit,

deposits back the money he used to create the original promissory note,

So it is in the best interest of the lender to create a promissory note, a loan product,

the promissory note, he could foreclose and recover the property.

Then they also have to have the original promissory note

And if they have the promissory note they also have to be able to show that that promissory note was transferred to them by a valid holder

who wants to discuss promissory notes.

and they refused to return the promissory note.

and I want my promissory note,

How do I get my promissory note back so I don't get hit down the road for it?

Well, you signed that promissory note.

Yeah, but with that promissory note still floating around out there,

yeah, you've got to get your promissory note back there.

It's my promissory note.

But what about suing the lender to get the promissory note back right now?

this loan is canceled, do not fund it, please return the promissory note,

The manufacturer's certificate of origin is not like a promissory note that you sign

would a promissory note that I issue be a return promise?

So my, say I issued a promissory note to the U.S. government for a debt,

The fact that you issue a promissory note does not oblige the other party to accept it.

Yeah, and depending on how you're trying to issue that promissory note,

in order to issue bonded promissory notes off the Treasury.

there's only one way that you can lawfully issue bonded promissory notes from the U.S. Treasury,

and then you try to start writing bonded promissory notes off the Treasury,

You just gave him a credit memo like a promissory note or something?

and the bank president was trying to force Donna into signing new promissory notes

And she said, no, there's already a promissory note.

I'm not going to sign a new promissory note for either the car or the property.

instrument, on a promissory note, and then he takes that promissory note and he sells it to an investor.

Well, when he creates the promissory note, he has the borrower get mortgage insurance,

insurance. Now, he gives you a promissory note with instant value, a check, you can go cash it,

and you give him a promissory note with no instant value, with no present value, but

The lenders bought these titles, sold them to the buyer, then took the promissory note,

And this vehicle was for the special purpose of securing promissory notes from residential mortgages.

You prepare a promissory note with no current, no present value, but it has future value.

And traded me that title ownership of the property for my promissory notes and can't get there.

The promissory note is the thing of value.

And you could essentially say that your signature is a thing of value because it's a necessary part of the promissory note.

But the real deal is the promissory note.

You made a trade of the promissory note to an investor for consideration.

never entered into a contract with this person. We never signed a promissory note over to

The promissory note, that's the security instrument.

Okay, the promissory note is unsigned.

They haven't made those concessions with the promissory note they tried to, but they didn't

to this promissory note and it will contain more endorsements.

Okay, but they didn't record the trust deed with it, which is basically a promissory note.

Security interest includes any interest of a co-signer and a buyer of accounts, shadow paper, a payment intangible, or a promissory note in a transaction that is subject to chapter 9.

So, since this is talking about that we have to get a promissory note that is subject to Chapter 9,

B, accounts, chattel paper, payment, intangibles, and promissory notes that have been sold,

D, a person to which accounts, chattel, paper, payment, and tangibles and promissory notes have been sold.

Since this is talking about that we have to get a promissory note that is subject to chapter 9

Accounts, chattel, paper, payment, intangibles and promissory notes that have been sold and see

d a person to which accounts chattel paper payment and tangibles and promissory notes have been sold

from the courts is they will say that the promissory note follows the mortgage, mortgage or deed of

So the holder of the lien can't express the lien. The holder of the promissory note has a claim against the person, but not the property.

It's an FDCPA suit. We say, who are you? Who are you that you claim that you have authority to collect on this promissory note?

And do you have the authority to express this lien if I fail to respond to your demand on the promissory note?

such as the promissory note and all the assignments, etc.

I don't want her to be accountable for that statement because there's no way and no where in any of the promissory note or deed of trust why would it ever have signed a document,

when you signed the promissory note and the deed of trust,

But it is in the contract that he has the right to sell the document, sell the promissory note and transfer the lien.

The lender came to the buyer and offered to trade the buyer warranty deed for promissory note.

Lender gave buyer warranty deed, buyer gave lender promissory note.

Without the authorization of the members further, MERS argues that it does not own the promissory notes secured by the mortgages,

on the original promissory note and deed of trust.

Yeah, that's right. And you know, today, everybody's getting photocopies of their checks and the reason why is that the Federal Reserve is re-securitizing all of those checks, which are nothing more than promissory notes.

Exactly. That's exactly what a promissory note is.

That one is a promissory note with present value.

Your note on your property is a promissory note with no present value but with increased future value.

No, no, generally they will give a promissory note with present value to the seller in trade

Then they'll bring the deed of trust to you and trade it to you for a promissory note

the seller and then trades it to you for a promissory note.

truck and then come to you and trade the truck to you for a promissory note, but he gives

So they made an offer to trade you a warranty deed for a promissory note.

They offered you a warranty deed in return for a promissory note and a deed of trust that acts as a confessed judgment.

promissory note and deed of trust, got no reply or the replies I got were non-responsive, I should say.

So just to kind of redefine and reframe this, myself and others who have paid off our mortgages may end up, since we, since the mortgage companies are not sending back the original promissory notes, data trust.

I want to go and get my note. My signature is the only signature on my promissory note. My signature is the only signature on the data trust. Therefore, I own those documents, and they are withholding my property from me, and I want to know how to get it back.

The lender in order to secure the warranty deed had to provide a promissory note with

a promissory note with no present value but with dramatically increased future value.

that a promissory note?

And right now, that's what a Federal Reserve note is, is a promissory note.

That was a promissory note. And in addition to that, since California, like Texas, is

when the mortgage, when the promissory note happened, they sold it immediately? They were paid right off the bat.

They would present that check to the bank. The bank would honor the check. It is a promissory note.

and you wrote out a promissory note, when you extinguished the note, when you met all the conditions of the note,

you gave the lender a promise to pay, a promissory note. But the lender said, well, that's not enough.

With the promissory note, if you fail to perform on the note, the lender had a claim against you.

And you made this statement that when you get the deed of trust or the mortgage in exchange for your promissory note,

the mortgage company gives you a promissory note to sign and give to the title company to buy the property.

you wrote a promissory note and gave it to you.

They're going to say in rescission, you have to tender back to them the money they put out, they give back to you your promissory note.

The loan is your promissory note.

or one being a promissory note.

So let's take the idea of a promissory note.

these promissory notes into their databases,

Countrywide has a specific company and this particular company – Countrywide hired it as a management and accounting firm for Countrywide's promissory notes.

So the nice thing about Fannie and Freddie Mac is the fact that they use the universal documentation as we already know their promissory notes and the deed of trust and mortgage were universal for them, the uniform documentation.

Here's, I do agree with your strategy, a couple of things. On regard to the note, the promissory note, or the holder of the note, should we say?

county deed records, fraud with our deeds of trust, fraud with our promissory notes.

No, no. And actually, when people make that statement, it's not true because the promissory note is a contract.

the deed of trust and the original promissory note that pledged the property is collateral.

So, if someone could bring that promissory note, the original, and say, I hold this note, he doesn't. So, I have this claim. Now, you could fight the claim.

It is the same in as much as you have a promissory note. The real problem is not the deed of trust. The real problem is the note.

I paid a promissory note,

But I did not receive the original promissory note

Now the lender is the person who actually quote-unquote lent you the money on the promissory note, but according to the actual accounting transactions, you transferred it as the issuing entity to the lender.

were a great number of assets in the form of promissory notes.

Right, when you have the promissory note, you get a deed of trust, you have a deed of

to assure the payment of the promissory note was by this agreement taking his legal title

It means the person entitled to the benefit and the benefit of a promissory note is payment.

borrower writes the promissory note and agrees to pay and then grants a claim against the property,

from a legal standpoint on the property. If the promissory note was breached and the payments

And then take the property and convert the promissory note into a security instrument and sell it on the securities market and trade back and forth with it.

or let's look at Texas at Chapter 322 in the Texas Business and Commerce Code, Transferable Records, which that is what that's defined as on MERS system, the E-note, the electronic promissory note.

the Texas Business and Commerce Code, but at the time is UCC because it's worldwide, but it was to provide a definition to define that electronic promissory note.

because there is no support for that electronic promissory note or E-note, as they call it, that's being utilized on the MERS system. Now, what took place with the MERS system is that

Yes, it is. They don't have the ability to enforce the de-trust, but they could, like I say, if they could lawfully prove up the paper promissory note original, they may be able to collect on the debt.

They've eliminated the paper because MERS, if you understand MERS, MERS does not track the paper promissory note,

law professors, you name it, law firms and so forth, that said that that electronic promissory note will not fly.

He called them rabid cows. As a matter of fact, he said that if someone approached me with an electronic promissory note, I would slowly turn around and run as fast as I can.

I gave a county treasurer a promissory note, and did UCC-1, UCC-3, did a process on them,

Here he makes the statement that the promise that subject deed of trust was separated from the promissory note at least once and remain separated making the deed of trust unenforceable, null, deficient and illegal.

The promissory note deed of trust was separated at settlement when the lender first bank trust immediately sold the promissory note to Trustmark Bank but kept the deed of trust.

The purpose of an assignment is to memorialize the sale of a tangible promissory note.

So, if it was to evidence the sale of a tangible promissory note, all right, then why doesn't it happen?

Because if an assignment of deed of trust is to memorialize the sale of the tangible promissory note, then that means for every assignment there must be an endorsement.

I could look at a loan and look at a tangible promissory note.

Okay, so within those documents, there were pieces of paper that purported to be tangible promissory notes.

And within those tangible promissory notes, there was an intangible obligation,

All right, so now Countrywide has this stamping on this paper that purports to be a tangible promissory note.

I have the tangible, wet ink original promissory note of John Doe.

For me, a mortgage loan is a loan secured by real property through the use of a tangible promissory note, which evidences the debt and the encumbrance of property rights through the granting of a mortgage or deed of trust, which secures the loan.

When you hear the word tangible promissory note, again, what is tangible?

What is promissory note?

The promissory note is just a piece of paper that can be touched, that contains the promise to pay, but the real significance is not the physical paper, but the legal rights, which the paper confers.

So, and hence, the promissory note is defined by the legal debt.

When you strip that debt, your tangible promissory note is a worthless piece of paper.

It lists an alternative means for collecting payment due of the intangible obligation, which is evidenced by the tangible promissory note.

if you did not acquire the tangible promissory note and the intangible payment obligation,

The tangible obligor is the party who assigned the tangible promissory note, the homeowner.

The party who is named on the tangible promissory note is either the lender or the party is named as payee on the payee line

that is physically affixed to the tangible promissory note.

That is the party that creates the intangible obligation using the intangible payment stream of the tangible promissory note.

Is that party named as a payee on the payee line on the tangible promissory note?

If the whole purpose of that assignment of deed of trust, the state of Texas, all right, was to memorialize the sale of a tangible promissory note,

Fannie Mae's name is not on the note, tangible promissory note.

And just like credit card debt is sold, so is the debt sold of that tangible promissory note.

so many times this exhibit that is exhibited is a purported copy of a tangible promissory note.

A tangible promissory note is created.

I signed a document that was purporting to be a tangible promissory note with countrywide home loans.

This debt was to be evidenced by the tangible promissory note.

Okay, so now let's go back to the tangible promissory note.

The tangible promissory note has a component within it, and it's called the general obligation, the promise to pay.

It must follow the entire tangible promissory note that's been properly perfected.

So in other words, the sale of the tangible promissory note does carry the mortgage or the deed of trust with it.

And pursuant to 9312, there is a temporary perfection afforded the buyer of the tangible promissory note.

Because when there is a sale of a tangible instrument, a tangible promissory note, all right, what must happen?

The entire instrument would be the tangible promissory note, the payment intangible, which is the right to receive future payments, and the security instrument.

You have a piece of paper that purports to be a tangible promissory note, but there is no debt.

So if the tangible promissory note has an incomplete stamping paid to the order of with

payee line of the tangible promissory note.

Bob gets his $100,000. I sign a promissory note.

But there's something he has to understand. When you sign the promissory note, you sign a promise to pay.

Go back to the basics. If we're talking a tangible, promissory note, all right, so we're talking about an emotional instrument.

So are you coming forth as owner and holder of the intangible promissory note, the party with the sole interest in the transferable record of the intangible payment stream,

That is the debt that is evidenced by the tangible promissory note.

Your tangible promissory note is a negotiable instrument.

the tangible promissory note never happens.

There's incomplete stamping on that tangible promissory note that says, pay to the order

To memorialize the sale of the tangible promissory note.

Is Ginnie Mae a party or a name payee on the tangible promissory note?

Did negotiation transfer and delivery of the tangible promissory note take place?

You have a tangible promissory note.

The electronic promissory note, the electronic e-mortgage, right?

The debt which was evidenced by the tangible promissory note is a worthless piece of paper.

The instrument in the state of California would be comprised of the tangible promissory note, the intangible obligation, which is the promise to pay.

That is your promise, which is evidenced by the tangible promissory note.

which was to be evidenced by the tangible promissory note.

Because just ripping out the payment intangible, all right, leaves the tangible promissory note a worthless piece of paper because there is no debt to evidence.

Because simple possession of a tangible promissory note with no legal rights is not the same as having legal possession with legal rights.

were we? We're talking about the tangible promissory note, the intangible promise to

The tangible promissory note evidences this promise to pay.

Now, together, the tangible promissory note, the tangible deed of trust, and this intangible payment obligation constitute an entire instrument.

So this can be when the maker of a negotiable instrument, such as a promissory note,

Because the instrument is comprised of the tangible promissory note,

An assignment, the entire purpose of an assignment is used to memorialize the sale of the tangible promissory note.

It is used to memorialize the sale of the tangible promissory note.

Tangible promissory note?

Did Merz transfer the tangible promissory note?

So they asked me, did you sign these promissory notes? Yes, I did.

And at this time, should have the lender decided that he wished to sell it, he would sell the tangible promissory note,

And the note in which I'm talking about is the tangible promissory note. That is the actual physical paper that evidences the debt.

Randy, the security instrument follows the tangible promissory note.

It cannot follow a partial interest of that tangible promissory note.

So that's like not even a promissory note anymore.

But again, the whole purpose of an assignment is to memorialize the sale of the tangible promissory note.

And are we talking about the electronic note or are we talking about the tangible promissory note?

Listen, Joe, on that tangible obligation, once that is taken out of that promissory note,

what happens to the promissory note, buddy?

The promissory note is stripped of its value and is now personal property.

Now, at one time, these documents were tangible promissory notes, which evidenced debt,

So now, fast forward to 2013, when Bank of America comes forth with a document that is purported to be the tangible promissory note,

You're just going to give them what basically amounts to a promissory note.

All right. Fannie Mae name was not on the payee line on the tangible promissory note that was exhibited into court record.

What happens to the homeowner who's getting thrown out now by a party that was not named in record, by a party who is not named on the pay line of the tangible promissory note, evidence in the court record?

All right, so what you're telling me then that this piece of paper, this tangible promissory note, which evidenced debt, which is a promise to pay, was purchased.

If we're talking about the tangible promissory note

Of that tangible promissory note

And because that debt is no longer evidenced by the tangible promissory note

And it is a real defense, even if there were to be a holder in due course, but we know when the instrument, the entire instrument being the tangible promissory note

Are we looking at the or is the bank looking at, Randy, that tangible promissory note or are they looking at the E note?

And Fannie Mae is not listed on the payee line for that tangible promissory note, then I guess Fannie Mae has not been damaged

of that tangible promissory note,

There is no sole party with a sole claim to the tangible promissory note.

Now, I've got to make the distinction that I'm talking about the tangible promissory note.

I thought that MERS tracked the promissory note.

There was an actual 123 days from inception of the loan until the tangible promissory note, the assignment, got put into the trust.

after the sale of the tangible promissory note from party A to party B.

And then you have negotiation of the tangible promissory note from party B to party C.

I own this. This is a tangible promissory note.

thousands and thousands of boxes full of papers, papers that had the verbiage on them, promissory notes.

What was different, though, was that these papers that had one time been tangible promissory notes were evidenced by a promise to pay, the legal debt description.

However, Fannie Mae was not listed into public record. Fannie Mae did not purchase a tangible promissory note.

yes, that document is a piece of paper that purports to be a tangible promissory note,

but it's not a tangible promissory note. It's a piece of paper.

If that intangible payment obligation has been ripped out by its roots of that tangible promissory note and sold, then it is gone.

No, Bank of America is going to go to the homeowner and say, hey, I own the promissory note.

the same name party named on the payee line of the tangible promissory note,

I was talking earlier about the differences between the e-notes, e-mortgages versus a tangible promissory note and the security instrument,

If you're in the paper world, we talk about the tangible promissory note.

was to memorialize the sale of the tangible promissory note.

Because if the purpose of that document was to memorialize the sale of a tangible promissory note,

Now, if we were to use, for example, the promissory note, it too is like your dollar bill.

So if we were to look at the mortgage loan instrument, which is comprised of the tangible promissory note,

So if the name party into public record does not match the name payee on the payee line of the tangible promissory note

So if one were to have the sale of the tangible promissory note, and one were to acquire the interest of the intangible payment obligation,

So we know that the entire instrument is comprised of the tangible promissory note,

Your tangible promissory note is just a piece of paper which evidences this legal debt.

claiming ownership of a paper that purports to be the original tangible promissory note,

And we were talking before we went out regarding the bank coming forward in court and waiving this document that purports to be, which they claim, the original tangible promissory note.

And the reason they claim that it's bare paper is because they are the bearer of that tangible promissory note.

he sold a promissory note as a transferable record to Fannie Mae.

They didn't have a hoot about the tangible promissory note.

Usually it would start out with the lender placing that stamp on the tangible promissory note.

One, I would ask the purported copy of the tangible promissory note that you're being asked to look at.

So I guarantee you that Fannie Mae's name is not named on the payee line of your tangible promissory note.

named as payee on the payee line of your tangible promissory note.

is to memorialize the sale of the tangible promissory note,

about the tangible promissory note?

So we're talking about the tangible promissory note We're talking about the security instrument, which here in Texas would be a deed of trust

It is the debt which is evidenced by the tangible promissory note which is value It's not the note that's valuable

The documents that we have exhibited in the court don't show Fannie Mae listed as payee on the tangible promissory note

And with every sale of the tangible promissory note, there was a recording of an assignment of interest in public record.

They sold in interest of their promissory note.

It could only follow a properly secured tangible promissory note.

now even though it says on page two of my promissory note, for a loan I have received,

Now, that right is secured to the promissory note, the blue ink note.

These bankers and lawyers or whoever they are, JP Morgan, the derivatives, whatever they are, they've taken the buyer's signature on a promissory note,

The definition of the tangible promissory note, all right, is a piece of paper that

So that's the tangible promissory note.

Because it's comprised of the tangible promissory note, your promise to pay, which is the economic

So now let's just take it a little bit and take this tangible promissory note.

So unless your name is on the payee line of the tangible promissory note, unless you are

It can comprise of two tangibles, the tangible promissory note and your deed of trust, and

As very seldom you will see Fannie Mae listed on the payee line of the tangible promissory note.

Again, here's the whole purpose of an assignment is to memorialize the sale of the tangible promissory note. So they did an assignment to Chase, JP Morgan Chase, because they're the servicer.

Are they listed on the payee line of the tangible promissory note? Because if you were with Fannie Mae, there is an exact date that the payment and tangible obligation was sold to Fannie Mae.

And that's where the problem is with the courts, because, Randy, many times the attorneys come in and they argue just the tangible promissory note or just the deed of trust instrument or just the intangible payment obligation.

the intangible promissory note, the security instrument being the deed of trust, and the intangible obligation or the promise to pay all at the same time.

The tangible obligor executes a financial contract for value, the promissory note, here and after called tangible note.

This can be when the maker or drawer of a negotiable instrument such as a promissory note is induced to sign the instrument without a reasonable opportunity to learn of its fraudulent character or essential terms.

I discharged the debt on my house on the tangible instrument, the promissory note, because it

Are we talking about the tangible promissory note?

I've gotten my letters back from the bank. They send me copies of what they say is the original promissory notes, endorsed in blank with no endorsement on it.

entire mortgage loan instrument, being the tangible promissory note, the deed of trust

They did not negotiate for a tangible promissory note, nor were they evidenced into public record as being named on your mortgage.

Because their name is not listed as payee on the payee line of the tangible promissory note,

Fannie Mae wasn't listed as payee on the payee line of your tangible promissory note.

Because under 6-10-108, it says notice of assignment of validity, and the whole purpose of an assignment is to memorialize the sale of the tangible promissory note. It does not cause the sale.

What you have to understand is that once the debt has been discharged for the tangible promissory note, all right?

So the debt being discharged of the tangible promissory note leaves the security instrument with nothing to attach itself to.

and you discharge the tangible promissory note debt,

On the tangible promissory note?

but as far as getting the debt of the tangible promissory note discharge,

Okay. So your intangible payment stream that was ripped out from your tangible promissory note,

So my question to you is, and at which I would look into is, was your debt of the – of your tangible promissory note discharge?

You know, they have violated the injunction pertaining to the discharge of the debt of the tangible promissory note.

pertaining to the tangible promissory note, pertaining to the sale of the intangible payment obligation,

Well, unfortunately, because Fannie Mae was not there prior to your bankruptcy, Fannie Mae is not in there on the tangible promissory note.

Now, when they strip the value, which is the promise to pay from the tangible promissory note.

promissory note is all that is sold.

It is not negotiated, transferred, and delivered along with the tangible promissory note is

within the first 24 to 72 hours of that tangible promissory note getting signed and that security

One, tangible promissory note, tangible, is a writing in tangible form, signed unconditional

If the paper promissory note is to be a secured indebtedness, then the security instrument is also

identified within the paper promissory note.

The paper promissory note is governed by a uniform Article 3 or your state's equivalence.

The paper promissory note is not governed by E-Sign Act or UE Etta, and that's under 15 U.S.C. 7003,

So what that means is that your tangible promissory note falls under UCC Article 3 or your state's equivalence.

All right. So let's talk about the promissory note, the intangible E-note, and the intangible payment obligation.

So what that means is upon negotiation, transfer, and delivery of your tangible promissory note, along with the intangible obligation, which is your promise to pay, all right,

They don't understand the difference between an E note and a tangible promissory note.

And have been properly negotiated, transferred, and delivered the tangible promissory note. Right. But a secured debt is secured by a perfected instrument or a perfected security instrument, which is a deed of trust or a mortgage.

What I did was because the plaintiff coming forth brought forth more than one copy into the court of the dead instrument being the tangible promissory note.

So anyways, the copy that they purported to be a true and correct copy of the original tangible promissory note had an incomplete stamping on it.

I discharged the debt to my tangible promissory note.

This is why in bankruptcy court, when I had discharged my personal debt for the tangible promissory note,

But Fannie Mae was not listed as payee on the tangible promissory note.

Once the value is gone, that was everything because the debt was evidenced by the tangible promissory note.

Your tangible promissory note is a tangible instrument.

which is your promise to pay, which is what was actually sold to the trust versus the tangible promissory note,

promissory note, the mortgage tangible being your security instrument, which is an alternative

they need to be named on the payee line of your tangible promissory note, they need to

tangible promissory note.

sale of the tangible promissory note.

that would be your tangible promissory note,

for full disclosures and they still have not allowed me to see the original promissory note

And then they traded the warranty deed to you for a note, a promissory note, and a security instrument.

No, it's listed MERS as being beneficiary to your deed of trust because MERS cannot hold the tangible promissory note.

promissory note, copies of the deed of trust, promissory note, a little bunch of stuff,

Millions of pieces of paper that one time were tangible promissory notes and evident debt, but with that debt obligation being ripped out and sold, it was just pieces of paper.

And the party that alleges to have a claim has a claim to an intangible payment obligation created by the account debtor Countrywide Home Loans Incorporated based on the payment stream of the tangible promissory note.

But Fannie Mae is not listed in public record. Fannie Mae is not listed on the payee line of the tangible promissory note. So, they've already got two strikes out of three against them.

I wanted to speak about the promissory note.

I have still continued to ask, excuse me, to inspect the original promissory note from Wells Fargo and they still refuse.

Well, I just wanted to know, you know, in reference to this, because as far as I understand it, we are allowed to inspect the original promissory note, but they are still refusing...

Your tangible promissory note is a piece of paper that evidences your debt.

Now are we talking about the obligation of the tangible promissory note, or are we talking

payment stream from the tangible promissory note.

Ginny May is not listed as payee on the payee line of the tangible promissory note.

This is why in bankruptcy, when I discharge my debt of the tangible promissory note as

You're going to look at the endorsements and you're going to look at who they say the investor is. And you're going to say, okay, is the investor named on the payee line of the tangible promissory note? Yes or no?

The tangible promissory note.

They did not purchase your tangible promissory note.

And you need to be named to the tangible promissory note as payee on the payee line to have something to attach itself to.

are they named on the note being the tangible promissory note?

Remember, the purpose of an assignment is to memorialize the sale of the tangible promissory note.

But the problem is that there is no agent to principal named a tangible promissory note.

They gave them thousands of boxes with millions of pieces of paper that at one time purported to be tangible promissory notes were just worthless pieces of paper because there was no debt to evidence.

They did not sell the mortgage loan instrument being the tangible promissory note, the security instrument that attaches itself to the intangible obligation, and the intangible obligation, which is the promise to pay.

All right. Many times there is a lack of knowledge as who was the actual seller that created the intangible obligation that was sold based on the payment stream from the tangible promissory note.

There's no way that you can sell a partial interest of the tangible promissory note on itself.

promissory notes that are created and they're secured by this security

and I'm going to say, I got this promissory note here.

The mortgage or deed of trust secures the payment on the promissory note.

It won't go to the underlying debt, the promissory note.

If they are named in public record, are they named on the note being the tangible promissory note?

Remember, the purpose of an assignment is to memorialize the sale of the tangible promissory note.

but the problem is that there is no agent or principal named on the tangible promissory note,

So all of them thousands of boxes with millions of pieces of paper that at one time purported to be tangible promissory notes

They did not sell the mortgage loan instrument being the tangible promissory note

All right, many times there is a lack of knowledge as who was the actual seller that created the intangible obligation that was sold based on the payment stream from the tangible promissory note

There's no way that you can sell a partial interest of the tangible promissory note on

tangible promissory note.

So while they were supposed to sell your tangible promissory note with the intangible obligation

was evidenced by your tangible promissory note.

Your tangible promissory note, which evidences the debt, which is your promise to pay.

So you've got a tangible promissory note, a tangible security instrument, and the intangible

Now, that being said, an interest, your entire mortgage loan instrument, which is comprised of the tangible promissory note, your mortgage being the security instrument,

MERS does not track paper promissory notes, contrary to what many people out there think.

It's also known as electronic promissory notes that are created, generated, sent, communicated,

instrument, the tangible promissory note.

So if you are not named as payee on the tangible promissory note, either as lender or as payee,

Everyone has their own guess. The purpose of an assignment is to memorialize the sale of the tangible promissory note and also the acquiring of rights.

So you would have to be named as payee on the payee line for the tangible promissory note.

Whose name was lender on your tangible promissory note?

And these pieces of paper at one time were tangible promissory notes that evidenced debt.

All right. So while the debt to the tangible promissory note has been discharged.

it memorializes the sale of the tangible promissory note and the acquiring of rights.

So meaning you have 20 days, all right, upon the selling of the tangible promissory note

time had been tangible promissory notes that evidence debt.

promissory notes, they had sold that debt years later, shortly after closing, all right.

From the tangible promissory note.

tangible promissory note and the security instrument, there's also bifurcation of the

debt from the tangible promissory note.

Countrywide does not sell the tangible promissory note.

the tangible promissory note.

an obligation off of that payment stream of the tangible promissory note.

of a promissory note and cannot be severed from the note.

He would have to sell the tangible promissory note?

But let me ask you, was there a sale of the tangible promissory note pursuant to 7501?

then there was negotiation transfer and delivery of the tangible promissory note.

An obligation is an obligation. That's what the promissory note evidences.

And within some of these pieces of paper, all right, there were debt obligations that were evidenced by these pieces of paper that were one-time promissory notes.

promissory note, pertaining to the intangible obligation, and pertaining to the security

under the promissory note.

The promissory note is what imposed the duty on you.

You've got the promissory note, you've got the mortgage contract.

A mortgage lien is a lien on the promissory note and a similar apparatus works.

Once the promissory note and the mortgage lien or the deed of trust, once those two

Can they still collect on a promissory note?

If they have that original promissory note, they can still collect, but they cannot take

two, because that became an unsecured debt once the original promissory note became separated

Okay, what form of money is the promissory note?

It is M3, a procedurally proper loan based on a promissory note and mortgage.

mortgage investor is a promissory note where the mortgage investor is the endorser or the

into ABC Bank and signed a promissory note with ABC Bank and ABC Bank through one of

of China, and he is going to loan you this money, here's the new promissory note we're

don't pay on this promissory note.

I can only make payments on my promissory note that I signed with you guys.

But unless the original promissory note that you filed, that you signed as the maker of

the loan with the banker as the endorser is not traded out for a new promissory note

the little game that they played as far as not trading out the promissory note, they

they'd have to come up with the material as far as the original promissory note

real estate purchase agreements that are really the master promissory notes.

There were three promissory notes within the file and they're called L-108 and there's,

promissory notes.

Yeah, so okay, if you've got international promissory notes then that creates a jurisdictional

promissory notes.

had international promissory notes attached to them, and she had executed those as well.

promissory note?

I hear the word international promissory note.

they had an international promissory note, and it has L-108 up in the upper corner, they're

So one of the things on these promissory notes that were attached, I wanted to make a point on this,

Those international promissory notes were attached to the main master mortgages.

And then on the promissory note, the first one, they put RD.

based on that pledge or that signature on a perfected promissory note

Okay, anyway, that purchase agreement slash offer with the promissory notes attached,

it's my belief and my understanding and my claim that what they did to her was they took that $500 promissory note

i've discharged the debt of my tangible promissory note as an unsecured obligation

in conjunction with the promissory note okay i i would list that and the amount as unsecured

of the tangible promissory note not the debt of a third-party account debtor

tangible promissory note that you can touch and feel and hold because many times you hear parties

of the sale of a tangible promissory note and the acquisition of rights basically that's

purported true and correct copy of a tangible promissory note pertaining to steve skidmore

He discharged the debt on your tangible promissory note is what you got discharged

So we've discharged the debt of the tangible promissory note

The tangible promissory note being the one that the homeowner signed on the closing date

Using the payment stream, which is your promise to pay a bit, tangible promissory note

They used the homeowner's tangible payment stream, or the payment stream of the tangible promissory note

You are going to say, I'm talking in regards to the tangible promissory note

Are we talking about the tangible promissory note?

So it is not the tangible promissory note, the E note

Well, the purpose of an assignment is to memorialize the sale of the tangible promissory note in the acquiring of rights

For the tangible promissory note, it does not cause the action

Who owns the promissory note, where that might be

So after closing, three months later, what they have on record is that Fannie Mae sold this promissory note in February when it was opened in the end of November

Right, a sale of the tangible promissory note, at the same time, in tandem, there is an assignment, release of beneficial interest, an assignment of beneficial interest from party A to party B

So in this case the servicer would have had to have purchased the alleged underlying debt from the promissory note

a promissory note to define a payment plan to pay all a part of the shortfall, and some,

The bank offers you a warranty deed and trade for a promissory note

He's taken money out of the probate, and he has actually stolen money. He gave himself a promissory note for $2.7 million and then came here four and a half months later.

did, and you know what's so fascinating about it is they re-recorded the promissory note few

buy a house, you sign over to me a promissory note and a security instrument attaching the

were you actually referring to security instrument? No. I'm sorry. I meant the promissory note.

That's what I was saying. Yes. And they're saying they lost the promissory note. Right.

The promissory note is a forgery.

The promissory note's gone.

Well, they're saying they have a good promissory note and they...

The note or was promissory note was $82,900.

if there's any assignment on a promissory note, it has to be the payee.

Well, I've got some promissory notes.

Bank of America sent me a copy of a promissory note

I have six copies of a promissory note

No, it was stamped on the third page of the promissory note.

her name, that's forged this promissory note, she said, well, I have the original, I can't

problem. This attorney firm in Dallas, they sent me a copy of a promissory note. The Bank

of America also sent me a copy of a promissory note. Then they brought in a third attorney,

and she sent me a copy of a promissory note. Randy, those three promissory notes were forgeries.

Are the three promissory notes identical? Yes. And you can establish that they are forgeries?

countywide, each one of them third page, but the promissory notes that I've got, they're

bring the original. And see, I do not call that a promissory note. It's not a promissory

of the, it would be simple just to say, promissory note, but she enclosed her letters that I

I signed a promissory note before

this is not a promissory note

which you call promissory note

on page 3 of the promissory note

to finance the purchase, Wells assigned a promissory note secured by D.D.Trust on the

that B.A.C. produce the original promissory note and any documents showing the transfer

the original promissory note before foreclosing. In support, Wells invokes Article 3 of the

Uniform Commercial Code, which regulates promissory notes and other negotiable instruments.

there, BAC must prove that it is a holder by producing the original promissory note.

prove that it is a holder by producing the original promissory note.

Texas law differentiates between enforcement of the promissory note and foreclosure, foreclosure,

differentiates between enforcement of the promissory note and foreclosure.

Enforcement of the promissory note, on the other hand, is a personal action against the

promissory notes.

Furthermore, while suits on the promissory note typically require possession, foreclosures

require mortgage servicers to produce the original promissory note.

of the original promissory note is not necessary.

When the promissory note was stamped, it was stamped, Countrywide Home Loans Inc,

DBA. They added that when they stamped it on the promissory note. Wait, wait a minute. Is

The promissory note, and I'll keep it simple, it's not a promissory note, it's investment,

When I say papers, I'm talking, as y'all call it, promissory note, deed of trust.

to do would be to write a promissory note.

The loan was made on that promissory note and they went to the window, Federal Reserve,

They got cash off that promissory note of America's wholesale lender, which they never existed.

where that gives you a predatory right in that promissory note, as you call it.

Of the investment security or promissory note, which I'll call it.

My promissory note was $82,900.

deed or promissory note, which should mean that the bank lacks standing to foreclose

Because it's an investment contract, it's not a promissory note and you have a right.

Because it's over nine months and if it's over nine months, the promissory note, it's

3-35 and 3 dash because it falls under a promissory note, they've caused its investment, it falls

contains three documents, a warranty deed, a promissory note, and a mortgage document

They trade that property to you for a note, promissory note, a promise to pay, and a security

the authority to do so the entity was not the owner of the promissory note that was secured

subsequent transfers of the promissory note were invalid jinkins is not the victim of such

in the promissory note and may suffer the unauthorized loss of its interest in the note

possible to imagine one or many individual transfers of the promissory note may cause

how vague this is, it said, your promissory note, your loan has been assigned, sold, transferred

received this or was assigned this promissory note after it was already long in the vault,

Now that was my promissory note at closing, I bought the, I did a loan the 18th of February

It was never filed, see, people brainwash, this is not a promissory note, it's an investment

The promissory note is a promissory note.

The promissory note is never sold into the trust.

The promissory note is a security instrument and there's a problem with the way they use

You give us this promissory note, promising to pay it all back.

pay to the order of the promissory note, it converts to pay to the order of, then it supposedly

I signed a promissory note, they cashed it at the window.

In my situation, I have nine copies of promissory notes, seven of them are forgeries.

That is precisely what the banks did with your promissory note.

Well, anyway, what to do is I signed a note, a promissory note.

And I closed on that believing there's a promissory note.

One of those examples is my loan, my promissory note, which is not a promissory note anymore,

I said these are just called promissory notes.

so they left. Then the attorney at the closing, he left with the promissory note, but they didn't

they got in a foreclosure and then now they filed to say the promissory note was given four days earlier.

the bank called T-Bank, which is upstate New York, deposited the promissory note into ATAPS,

You've got a vehicle with no wheels, so you've got an assignment of a promissory note with no authority to collect on it.

Let's take a $100,000 promissory note.

Yeah, and a promissory note for, I think, $35.

Investment. Okay. It was a promissory note. It was converted to, supposedly now, to an

just use the word promissory note. The promissory note is a forgery without question. Is the

It doesn't reference the warranty deed because they can't sell the warranty deed. That they trade to the buyer in return for the promissory note and the security instrument.

There were seven promissory notes, different promissory notes.

He sold it, which is bid back in, at $40,000 on a $82,900 promissory note,

They wrote a promissory note, and what they did is they deposited it into Wells Fargo Trust.

Now, my promissory note that was converted to an investment security that was converted to a bond,

That she's an officer Countrywide, that they never transfer their promissory notes to the Spiritide Trust

And the reason they didn't do that is because they had sold those promissory notes

or mortgage assignment or promissory note assignment.

And apparently she signed a promissory note, you know, promise to pay fines and whatnot.

You have a promissory note where you promise to pay,

They asked her, did you sign your name to any promissory note?

The issue at trial is whether the plaintiff holds possession of a property endorsed promissory note.

Because on that promissory note, which is that investment security, they tuck it to the window

Because they used a forged promissory note

Because the taxes were owed, the promissory note which really is an investment security,

it is not a promissory note, it says promissory note, but it's an investment security that

that deed of trust are merely evidence of a promissory note.

The promissory note and the deed of trust are something called the chosen action.

Given Virginia court's rulings, the deeds of trust are merely evidence of a promissory note. There is no requirement for assignments or any other relative instruments to be recorded in the county land records. See, blah, blah, blah is the case here.

Now, you can enforce the security, I'm sorry, you can enforce the provisions of the promissory note.

for a promissory note, a promise to pay,

a promissory note, and a mortgage.

and tampering with public documents, counterfeiting the promissory note, attempted theft of real

promissory note that if they if they swear on the penalty of perjury that the

over some promissory notes that I put up as collateral.

And he said to Mr. Kelton, did you sign these promissory notes?

I don't know the money, but I signed the promissory notes and finally he got frustrated because

Now I get to tell what the real deal was and why I signed those promissory notes.

It's the HUD-1 settlement statement, the note, promissory note, the truth and lending statement

on the promissory note, so that is the basis upon which, that you said, you could possibly

Normally when this changes hands this way, the promissory note is transferred through

It was saying that a bank loan is created when a promissory note is exchanged for credit in a borrower's account.

Now, when I'm looking at the example of bank loan, it's saying that it's accepting a promissory note in exchange for credits for the borrower's account.

So, it seems like the promissory note is following the same procedure as if you deposit that $100 into the ATM because signing that promissory…

And one was, you know, my sovereign ID and that promissory note that I followed the seminars with Winston Stroud.

He pretty well covers it in a nutshell, you know, the promissory note, the fraud with the whole money.

course are the promissory note and the mortgage, which is usually a deed of trust. And if you

entities on the promissory note and on the mortgage. And now let's look at the parties

And all these real estate contracts have to be in writing, the promissory note is in writing, the mortgage or the trustee is in writing, everything has to be in writing, it has to be a written contract

And they can compare that with the promissory note in the deed of trust and say the people trying to collect are nowhere on those original loan documents.

but written contracts, no, oral contracts, written contracts, open-ended contracts, and promissory notes.

And the statute of limitations for promissory notes in state of Nevada is three years, like I said, in the year of paper six.

So I went back to the top, and where I had to put in the note, I used a couple of terms to reference the note, and then I went to calling it a promissory note.

And after the first couple of references, so everybody was sure exactly what I was talking about, everywhere I saw it, I used it, I called it a promissory note.

companies to take your signature on the lease as a promissory note and put it into trust

A little bit more and we'll do that. There's no promissory note.

There's no promissory note with this thing and so after we didn't get anywhere and we

There's no promissory note and we had a forensic loan audit did on the entire 23 year history

Initially, the promissory note was $228,000.