This is a question for a local attorney but in general you will want a mortgage note and trust deed if you're in a trust deed state some states are mortgage only (both note and recording instrument is built into one document).Usually the attorney or escrow/title company acting as the intermediary will coordinate the closing documents for the rest like evidence of insurance, title insurance, coordinating notary.Hope that gives you a good start on the process.

If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument.

While Charles mentioned that as a carpenter you will want to know.....but I did not see where you stated your experience orskill level.RE is not the Music Man, where you can use the "Think Method" just because you think you can does not mean you can.

A secured debt is one in which you sign an instrument (such as a mortgage, deed of trust, or land contract) that: Makes your ownership in a qualified home security for payment of the debt, Provides, in case of default, that your home could satisfy the debt, and Is recorded or is otherwise perfected under any state or local law that applies.In other words, your mortgage is a secured debt if you put your home up as collateral to protect the interests of the lender.

Do they use "trust deed", as opposed to a "mortgage" as the name of the instrument to secure the loan there?

Petersburg, VA, a city that has been economically devastated for years, since the Civil War, is now recognizing the Civil War Sesquicentennial, with its historic battlefields, mansions and properties that were part of Civil War history.If you really love history and this country, wouldn't you like to be instrumental in rebuilding a crumbling USA?

Most cities will have a register of deeds office where you can look up recording instruments like a mortgage.

I'm new here as well, and have experience as a music producer in our home studio. :) Best wishes for you my friend.

So you know, the Note is the Obligation to pay, the Deed Of Trust is the security instrument that secures the note, putting the property up as collateral.  

And if you are going to hold rentals, be sure to find the landlord group in the area where you hold rentals as they are going to be instrumental in helping you in your business.