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= is read as equality and means is equal to. is read as not equal to: does not equal and=C or and but requires an A part and a B part to =C A does not =C B does not =C A+B might =C A properly secured Note would have both parts attached to the Note. Both the Tangible and the Intangible. The Intangible being the promise to pay, or the partial interest. The Partial Interest is nothing but a Transferable Record; whereas the Uniform Commercial Code Article 9, or here in Texas referring to the States equivalence, would be the Business and Commerce Code Chapter 9 applies, but Local Laws of Jurisdiction do not apply to Transferable Records. The Security instrument [Deed of Trust or Mortgage] could be considered as Fraud in the Factum. The Security Instrument [Deed of Trust or Mortgage] cannot follow a partial interest of the Tangible Note. This is a type of fraud where misrepresentation causes one to enter a transaction without accurately realizing the risks, duties, or obligations incurred. This can be when the maker or drawer of a negotiable instrument, such as a promissory note or check, is induced to sign the instrument without a reasonable opportunity to learn of its fraudulent character, or essential terms. Fraud in the factum usually voids the instrument under state law. One could allege it was never a contract to begin with. An example is a contract to commit a crime. The only distinction which can be made amongst penalties is regarding crimes and contracts. No one can contract to commit a crime; it would be void.; State v. Baltimore & O.R. Co. In looking at the implied actions that were to take place within the Security instrument [Deed of Trust or Mortgage] one would see that an illusion on the part of the Lender who is using fancy word crafting is taking place. Respectfully, Joseph Esquivel Mortgage Compliance Investigators Copyrighted 2013