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February 22, 2015

Point (2) The Note; Story: Background Noise

Filed under: (2) Technical and Legal — Tags: , — admin @ 6:14 am

Marcy, The Baby, and the FHA Signing

Marcy was a little big traumatized after her last signing, but she wouldn’t be able to face her neighbor Patricia if she quit now. So, she decided to just do it. She waited patiently by the phone as she watched her toddler. Her husband often worked nights, so she was all by herself with the exception of her screaming child.

And then the phone rang. It was Nicole from Hawaii Title. They needed a loan signed that night and couldn’t find anyone.

NICOLE: Hi, this is Nicole from Hawaii Title.

MARCY: Aloha. (child screaming in the background, radio playing loudly too)

NICOLE: I hope that’s not a dissatisfied customer.

MARCY: No, he’s a little cranky tonight. I just told him a bedtime story called Snow White and the Seven Lenders. Don’t get me started on Grumpy.

NICOLE: Oh, is this the one with the wicked Escrow officer who gives her a poisoned prepayment penalty?

MARCY: No, that part was too scary.

NICOLE: Well, we have an FHA loan we need…

TODDLER: Wahhhhh! Wahhhh!

NICOLE: Is something wrong?

MARCY: Oh, well Chuckie doesn’t like the word FHA. You see, in the story, the evil Escrow Officer did mostly FHA loans.

TODDLER: Wahhhh! Wahhh!

NICOLE: Okay. No problem, I’ll call it a Federal HA loan. I know it can’t be easy raising a young child. But, it’s not easy for callers to endure any type of distractions. I noticed that not only is your toddler screaming, but there is also a radio playing in the background. Putting aside how difficult to hear you over this noise, it is also considered very unprofessional to have any type of background noise on a professional call. I’m sorry to give you a lecture on this, but I think you sound serious about this business and you need to know. Many companies just won’t hire you if they sense any unprofessional behavior on your part be it oral communication, if your notes section has spelling mistakes on 123notary, or mistakes on loan documents.

MARCY: Oh, I had no idea. But, that makes sense, now that you tell me. I’m just so used to Chuckie, that I don’t realize that other people might not be so immune to his antics. I’ll put the baby in the other room. And my husband will be back soon, so I can go out to do a signing the minute he returns.

NICOLE: Okay. Just keep in mind that FHA… oops, I meant to say Federal HA loans, take considerably longer to sign than straight Refinances. But, I will be on the other end of the line the whole time in case you have questions. And we require fax backs.

MARCY: Okay, 123notary told me that companies that require fax backs do so to ensure that the loan is correctly signed when a beginner is working for them. This makes sense as I am a beginner — a very enthusiastic beginner. So, I won’t complain about fax backs like the other notaries!

NICOLE: That’s what I like to hear.

MARCY: Bring it on!!!! I’m ready for your FHA

NICOLE: Wahhhh… Just kidding.

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Point (2) The Note
The Note (also called ‘the agreement’ by some companies) is the basic contract between the borrower and the Lender; it includes the basic terms, conditions, and information about the loan being signed.

The Note includes:

(1) The Rate

(2) The Prepayment Terms (these are usually explained in two paragraphs on the first or second page)

(3) The Payment Amount of Principal and Interest (this doesn’t include taxes and insurance).

(4) The day that monthly payments are due.

(5) Penalties for late payment

(6) The amount of the loan

The Note also specifies that it is secured by a ‘security instrument.’ (This will be discussed in the next section, specifies where to make payments to — many other kinds of information are also in the note. It is simplest to understand the note as merely a list of agreements, as previously mentioned. Adjustable Rate Notes. This document is a note with information about what the adjustable rate is based on and how it can fluctuate.

Please note that the best place to look for information about the prepayment terms are in the Note or a Prepayment Rider if there is one, and NOT on other documents as other documents do not have thorough information about this topic. Please also note that The Note is not normally a notarized document.

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You might also like:

30 Point Course Table of Contents
http://blog.123notary.com/?p=14233

Point (3-4) The RTC & TIL
http://blog.123notary.com/?p=14291

The Mortgage & The Note
http://blog.123notary.com/?p=13203

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January 27, 2015

The Mortgage & The Note

Filed under: (4) Documents,Ken Edelstein — Tags: , , — admin @ 11:41 am

The Mortgage and The Note
These two documents formulate the essence of the home purchase or refinance. The vast number of related documents provide essential and legal information. However, the Note and the Mortgage are really the “action” documents. In their most basic functionality: the note specifies the terms of the loan, the mortgage provides collateral against a default of the Note.

Curiously, the Note typically begins with “In return for a loan that I have received, I promise to pay $XXX,XXX.XX”, but rarely is the Note notarized. It is often initialed on each page by the borrower(s) that are signing the final page. There should be an agreement with the 1003, the Loan Application as to who is technically a borrower. Non-obligors who may be “on title” never sign the note. As the definitive definition of the loan; interest rate and payment terms are generally the second and third items on the first page. These are the items of greatest interest.

Also essential, but rarely initially reviewed, is the Right to Prepay; and what will happen if the borrower fails to pay according to the terms of the Note. Typically, if more than one person signs the Note, each bears the full responsibility for payment. The Note is a negotiable instrument, similar to cash or a bond. They are frequently sold by the initial lender.

Almost all variations of the note include the words “Sign Original Only” on the signature page. As a negotiable instrument is being created, multiple copies of the Note for the same obligation could lead to fraud, confusion, and the borrower(s) being asked to pay each Note! When asked to execute multiple copies of the same Note; shrewd borrowers are careful to add wording to the effect that the duplicate(s) are “file copy” and “not negotiable” next to their signature(s).

The Mortgage, often referred to as the Deed Of Trust, is generally of much greater length compared to the Note. A key provision of the Note grants the Mortgage enforceability. The Note references the related Mortgage: “In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust … dated the same date as this Note … protects the Note Holder if I do not keep the promises made in this Note”.

Think of the Mortgage as the “enforcement arm” of the Note. The Mortgage contains, in about fifteen pages; the procedures to, typically; take back the property. For notaries the Mortgage often contains a “built in” problem. On the first page of the Mortgage the borrower is “supposed” to be named. However, in lieu of their legal name the “vesting” name often appears. This is not a problem on the first page. But, it does get to be a problem on the last page. For it is there that the computer often uses the “vesting” name in the notary section.

For technical reasons, on the Mortgage vesting often includes “status” terminology such as “husband and wife” or “a single woman” or “a married man” – but **ONLY** the name is permitted in the notary section. Thus, “before me appeared John B Doe a single man” is not permitted per NY State notary laws. I am required to redact (thin line through & my initials) the “a single man” part from the pre-entered value following “before me personally appeared”. Care should also be taken to have John B Doe initial JBD not just JD if his middle initial is on the signature line of the Mortgage. I promise to pay, and, what if I don’t; are the heart of the deal.

Most fail to note (no pun) that there is language in the NOTE that incorporates the Mortgage as “part of the note”

A little mentioned aspect in the “fine print” but O so important.

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You might also like:

Ken’s comprehensive guide to Deeds — Good Deed Bad Deed
http://blog.123notary.com/?p=16285

The Deed of Trust
http://blog.123notary.com/?tag=deed-of-trust

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November 4, 2021

Notary on 123notary gets his notes professionally written

Filed under: Your Notes Section — admin @ 8:07 am

One of our most serious notaries on our site got his profile notes written by an advertising expert. The expert did a good job, except for a few things.

It is easier to read designations such as certifications, E&O insurance, etc., if written in bullet point format. It is also good to have a long list of packages you are familiar with.

I might not be an expert at notes writing, but I know what content needs to be there. Nice cozy text is attractive to read, but nothing beats cold hard facts, and warm fuzzy information about yourself.

So, yes, have your notes professionally written if you can afford it. But, make sure they understand the basic content that has to be there, because if they are not in our industry, they might not know. Or if they are in our industry, they still might not know. That is why I exist — to keep the record straight and to avoid omitting critical information.

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October 24, 2021

The Notary and the N95: Putting Covid info in your notes section

Filed under: Your Notes Section — admin @ 8:02 am

Notaries often like to indicate that they are vaccinated in their notes section. Others note that they take all of the Covid precautions. It is good to put this in your notes section. This matters to some people and could be a hiring decision. Being conscientious is generally a good thing unless you are conscientious in a way that backfires which can happen if you don’t think things through.

People got vaccinated because it was the only way they could feel “safe.”
Then they realized that they still didn’t feel “safe” because other people weren’t vaccinated.
Later they decided that the only way they could feel safe is it everyone else got vaccinated.
After that they found out that vaccines have a shelf life and are only good for preventing Covid for a number of months. Then they realized they had to take a booster, and then find a way to coerce the rest of the world to do the same.
In 2022, the Alpha variant will come out and then there will be yet another booster.

By 2023, we will each have to take about 20 different shots per year, each infused with 100x your daily recommended allowance of aluminum, lead and mercury (not one of my jokes, read the ingredients and see for yourself.) There will be compounds that genetically modify how your body works for better or for worse.

Don’t forget that the genetic engineer who designed humans in such a way that we have survived 180,000 years is named God. Whatever he did seems to have worked. If you let a few mad scientists tinker with your genetics to make it how they think would be good without any long term knowledge, you are likely be the next Frankenstein.

Then in 2024, the Alpha-Omega-Phi variant will come out — a variant that makes people want to do hazing on a daily basis.

In 2025, the Beta3 variant will come out that will only attack children and kill them, that is assuming people are not sterilized by the original vaccine — and that remains to be seen. Bad news for teachers if I am right — the teachers union will be out of business if everybody is sterile.

NEWSFLASH
You don’t need a single one of these vaccines or facemasks. 5000 I.U. of vitamin D3 per day (ask your doctor first) will raise your D levels in your blood or liver, or wherever they are. Lots of veggies, fermented foods, and shitake or maitake mushrooms will keep your immunity bullet proof. Socializing and being happy helps immunity too. It is your immune system that will save you from Covid, not some BS mask or vaccine. If facemasks were so critical, God would have had you born with one attached to your body. God is not an idiot, he designed the entire cosmos piece by piece. Let’s see Fauci do that!

Facemasks delay the spread of Covid, they don’t end it. That just means you will catch Covid and die in March instead of February. What is the long term difference? Vitamin D has been proven to keep you out of the hospital and prevent death by a factor of 96% if you have high D levels vs. low. Vaccines and facemasks combined do not reduce your risk of covid death by 96%

So, why does the media not tell you this?
Because they are owned or controlled by companies who profit from selling facemasks and vaccines.

It is remarkable that more than half of Americans put their trust in complete criminals. The stupidity astounds me. And no matter how many percent of the community has one of those worthless degrees from some university, they still cannot think critically. So, what good is it. I’m siding with the Amish. They end school at 14, but they know how to think normally. Plus I just love those horses and buggies!

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October 22, 2021

How personal should the “about you” section of your notes be

Filed under: Your Notes Section — admin @ 8:01 am

I got an email from a Notary. I told her that she needed an “about you” section in her notes section.

First of all, where should an “about you” section go?
In my opinion, below your experience and below your designations, but above your geographical coverage areas and closing statements.

What should an “about you” section be about?
It should be about you!

How personal should it be?
It could include a little about your personal life, job history, and what is unique about how you handle your notary work.

How to come across in your about you section:
Many notaries sound cliche when describing themselves. They claim to be responsible, reliable, and take your clients’ confidentiality with the utmost of importance. Many claim a .00001% error rate, but in the unlikely case of an error, they will go back and fix it.

My advice is as follows:
Avoid adjectives that people have heard thousands of times. They don’t want to hear it. Avoid talking about your error rate, or lack of an error rate. Nobody believes this coming from you. Try to be more unique. Talk about something else that will not put the reader to sleep. The main thing to remember is that the reader has already read 500 profiles today and is bored. They want someone who is interesting, pleasant, knowledgeable, and stands out.

The notary who claims to be knowledgeable gets ignored. The Notary that lists 30 types of signings they know how to do, and in alphabetical order gets noticed. See the difference? Show them rather than telling them how great you are — if in fact you really are great.

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March 18, 2021

Don’t repeat your name in your notes

Filed under: Your Notes Section — admin @ 4:44 am

When people look at the search results, they see your name, city, phone, cell, and the top of your notes. If you repeat your name in your notes or that you are a commissioned notary in the state of Delaware, you are wasting space.

The reader ALREADY knows you are a notary in Delaware, otherwise why would you advertise on 123notary in the Delaware section? — Unless you were insane… They already know your name is Rhonda as it says two lines above that you are Rhonda. Do you need to tell them twice? That space at the top of your notes could be used to tell them what makes you different from the other notaries. Perhaps you visit jails, hospitals, do debt consolidations, or are good with pets.

The bottom line, or in this case the top 200 characters are that you should not tell people something they either already know or do not need to know. Tell them salient features about your notary service, experience, or designations.

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March 8, 2021

How does Jeremy rearrange Notes?

Filed under: Your Notes Section — admin @ 4:33 am

From time to time I will go through the entire site and go through people’s notes sections. A lot of people put their best information and hide it at the bottom of their notes and then repeat their name at the top. What they need to realize is that the top of your notes section shows up on our search results and can attract or repulse prospective clickers.

I scan the entire notes section and look for interesting, unique, or factual information about experience. That is what I like to put at top.

What I don’t like to see on the top is, “Hi, my name is Julie.” or “I am a Notary and Signing Agent.” This is tantamount to saying, “Hi, I am Julie and I have two legs and one nose… I use it to smell, and take that is justification that you should hire me for your next notary job.”

Some people say something catchy, or have a language skill, or do Apostilles, weddings, or something else noteworthy. This is what I typically rise to the top. Then others put their coverage area at the top — I typically move that to the bottom. It is good information, but is not what the readers look for first.

Then, if I see “turn-off words” such as reliable and responsible, I inform the notaries that nobody wants to hear you claim to be responsible. They want to hear your clients write a review stating how responsible you are. You claiming it about yourself is not only worthless, it is cheesy, (and not the fancy imported kind) and a waste of the readers time. Stick to the facts, and make your descriptions of yourself have more flowing sentences and less cliche adjectives.

Sometimes I will see information that is hard to read and simply it. “I do refinances and often do conventional. I have also done many VA and modifications. My specialty is Reverse mortgages.” I simplify this to read: “I do Refinances, Conventional, VA, Modifications, and Reverse Mortgages which are my specialty.” It flows nicely because it is a pure list with no interruptions, and is a lot easier for the reader to process the information.

Then, I make bullet points out of quick pieces of information about your certifications, background screening, and insurance as a general rule.

I do other things too. But, the point of reorganizing your text is to make you more attractive to buyers so you get more work and so my site gets more regular users. 123notary has the best notaries in the business and is also a very organized site. We don’t have the gadgets of Snapdocs, but we specialize in quality in a way that nobody else does. That is why we attract more high paying jobs than any other directory.

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January 28, 2021

Notes sections you might learn from

Filed under: Your Notes Section — admin @ 1:33 pm

Most notes sections on our site are dreadfully boring. Even most of the higher level members have very limited and dry sounding notes sections. The higher level people tend to say more about their expertise because they have more expertise, but do they say much about themselves, as humans? Well here are a few that do. Look them up by n# on our advanced search page (sorry, no links today).

19902
8322
23472
15651
19080
42447
10014
25690
21240
9639
47571
37710
8165
10276

Honestly, these notes sections are the best I could come up with after an hour of searching the site. There might be more, but I only searched those in big areas with a lot of reviews. It is possible to do a lot better than any of these listings, but these are the top 2% best quality of notes sections we have…. for now… until you meditate on how to write a notes section from heaven.

I wanted to stress how to write warm and fuzzy information in your notes section, but very few people did much in the way of that type of content although you will find a little in these specific profiles.

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January 24, 2021

What to emphasize in your notes in 2020

Filed under: Your Notes Section — admin @ 1:27 pm

Things change; people change; The only thing that stays the same is that you need a good notes section on your listing on 123notary. But, what should you write about?

Certifications
Most people have the generic information. NNA Certified (good to have). LSS Certification (will get you clicked on), and Notary2Pro Certification (in our opinion the best one.) 123notary certification (hard to get but proves yourself and will get you more clicks.) If you mention your certifications, emphasize the ones that are harder and more in demand when you write notes. It is also really good to have three or four certifications if you want to stnad out.

Memberships
Anyone can get a membership just by paying. It doesn’t make you special. But, if you have five memberships to notary agencies, four certifications and some empowering notes on your professional background, that is impressive.

RON & Pavaso.
There are more and more Remote Online Notaries out there. Not all states allow this, but they get clicked on. Having an IPEN designation (whatever that means, sorry I’m old) helps you stand out too. Everyone on our site does notarizing, but how many do RON or can use Pavaso? Personally, I feel that if you are female you should be a RONDA — just my opinion.

Less Common Loans
Everyone does refinances, but how many do Debt Restructuring, demolition loans and time shares?

ME: Do you do time shares?
NOTARY: When I have time!

Focus on what makes you stand out, and write about the other stuff too, but put the jazzy stuff where it is more visable.

Unique Phrases
I scoured our site looking for unique notes sections and found a few somewhat good ones. But, we basically have hardly any notes sections I would give an A to which is sad. But, you can work on writing something unique and classy or funny about yourself and it might draw attention. Put something on there and see how people react.

As usual, if you need help with your notes, ask me! Email us.

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December 2, 2020

Everything you need to know about writing a great notes section

Originally posted Feb 1, 2016.

Most Notaries underestimate how critical it is to have an amazing notes section on your listing on 123notary.com. They just write how they are background screened and have E&O insurance. They stop there. Yes, this is important information and it can be a deal breaker if you don’t have the right background screening from the right agency, etc. However, the Notaries who get lots of work from 123notary tend to have 123notary certifications, reviews from satisfied clients and a very thorough notes section. So, what is the secret? The secret is to be specific, unique and well organized in what you write about yourself.

(1) Selling Features
The top of your notes section should stress selling features. What can you say about yourself that others might not be able to say that would make someone want to hire you. “I’m reliable.” Everyone claims to be reliable, and then they show up late making a mockery out of their claim. Try something that you can put your finger on. But, I really am reliable? Yes, but your notes section can’t prove it — so skip it. Instead, let’s think about what types of loans you know how to sign. Don’t just say, “all types.” List them one by one. Do you have some unusual qualifications? Were you Notary of the year? Do you do jail or hospital signings? Are you fluent in Uzbekistani hill dialects? These are things that help you stand out. Were you a CEO of a Mortgage company? That helps too. If you have Escrow, Title, Underwriting, Processing, Settlement, or general Mortgage experience, that is a huge plus on your notes section. Make sure to indicate that high in your notes. Remember — the first 200 characters of your notes show up on the search results for your area, so digress to impress! (actually don’t digress, but use that space to squeeze in as many selling features as possible)

(2) Specialties
One of the most valuable pieces of information you can include in your notes are your specialties. Instead of bragging about how you are error-free or dependable (which nobody wants to read,) instead list the types of loans you know how to sign, types of major documents or procedures you are familiar with. Do you go to airports, offices, or jails? Do you do Weddings or Apostilles? People are very impressed when you have highly specialized skills, so mention them.

(3) # of loans signed
Most Notaries up date the # of loans signed once in four years. When I mention that their profile says they signed 200 loans, they say, “Oh, that was five years ago. I must have forgotten to login — I’ll go in there.” You need to “go in there” and update your info every few months or you will have information that is collecting cyber-dust.

(4) What is hot and what is not?
Radiuses are hot. If you have a wide radius, tell the world. 100 mile radius shows you are serious (or crazy.) Last minute signings are a good thing to mention. Do you accept faxes or are willing to do fax backs? That narrows it down. Are you background screened? Is it by NNA or Sterling or someone else — if you’re screened by the wrong agency, you don’t get the job! Do you know how to do eSignings? That will make you stand out!

(5) Professional memberships and certifications
Are you NNA Certified, Notary2Pro certified, 123notary certified, or trained by some other agency. It is impressive especially if you have four or five certifications. Mention these as well as your memberships. But, please don’t say you are an NNA member in good standing. The only way to be in bad standing with any agency is by not paying your bills or perhaps being convicted of a felony.

(6) What is unique about your service?
Is there something unique about the way you do your work? Or do you have a catchy unique phrase about yourself? It is very hard for most people to think of anything unique about themselves. But, if you really put some thought into it over an extended period of time you might come up with something good. We have two blog articles below with some of the best unique information we’ve ever seen.

(7) Avoid vagueness
Did you work for 10 years in the legal industry? What does this mean? Were you the company president or did you mop the floor for an Attorney. State your job title or what you did very clearly. If you were a legal secretary of Paralegal, that is good to know. Not a selling feature. Additionally, try to be specific about your claims. Rather than saying how good you are with people, give a concrete example of how you are good with people, or what experience you have that proves you are good with people.

Also read:
General (vague) vs. specific information in your notes section
http://blog.123notary.com/?p=4602

(8) Avoid restating information
Many Notaries restate their company name, their company mission, phone and email in your notes. Your notes is to give additional information about your service, and not to restate what the reader already knows. Remember, those top 200 characters go in the search results, and if you say, “We are here to serve” nobody will click on you.

(9) Counties served
There are 12 boxes where you can indicate your counties served. If you wish to restate this info in your notes, put it near the bottom as this is not a selling feature. If you want to indicate which parts of which counties you serve, the notes section is the only place to go into such detail. Others choose to mention specific towns or cities served. Please avoid stating which zip codes you go to as that is too nit-picky.

(10) Writing about your mentor
New Notaries always want to bend my ear about how they don’t have experience, but their mentor has signed 10,000 loans and they have been to many signings with their mentor. After hearing ten minutes about their mentor I say, “I’ll hire him — I’m convinced — But, I wouldn’t hire you in a million years because you don’t stand on your two feet!” Don’t talk about your mentor. Talk about what training programs you have passed.

(11) Writing about your Real Estate background
Notaries regularly write, “I am a Realtor and therefor am familiar with the documents.” But, when I quiz them on the documents they fail almost every time. Also, many Notaries will write three paragraphs about their Real Estate business or Process Serving, etc. People are coming to 123notary to find a great Notary, not a Real Estate agent. If you want to quickly mention in the middle of your notes that you are a Realtor, that is fine, but don’t make it the central point of your notes.

(12) Educational background
If you want to write about your degrees or former professional experience, unless it is Mortgage related, it should go in the middle or lower middle part of the notes as it is not critical information in the eyes of the reader.

(13) Equipment
Yes, you can write about your equipment. Sometimes we recommend using bullet points for quick points such as E&O, certifications, and equipment. You can mention what type of printer, scanner, fax, or mobile office you have. Just don’t put this up top. It belongs in the middle or lower middle of your notes.

(14) Closing statements
Some Notaries choose to have a closing statement while others don’t. We like it when Notaries do. You can say, “Thanks for visiting my listing.” Or say something a little more unique.

(15) Don’t jumble everything in one paragraph
A good notes section is divided into several logical sections. We normally like to see an intro with selling features, an about you paragraph, some bullet points, and a closing statement. There are many formats for winning notes section and you can decide what is best for you.

(16) Ask for help
123notary gives free notes makeovers. However, we cannot write the content for you. We can filter and reorganize it though. When we redo people’s notes sections they average an increase of 55% more clicks per day to their listing. So, ask! And get some reviews on your listing while you’re at it!

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Other Great Notes Articles

How to write a notes section if you have no experience
http://blog.123notary.com/?p=4173

10 quick changes to your notes that can double your calls
http://blog.123notary.com/?p=4499

What goes where in your notes?
http://blog.123notary.com/?p=1076

2014 excerpts from great notes sections
http://blog.123notary.com/?p=13613

Unique phrases from people’s notes sections
http://blog.123notary.com/?p=14690

Stating the obvious in your notes section
http://blog.123notary.com/?p=14146

A Notary included a copy of her testimonial in her notes
http://blog.123notary.com/?p=4680

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