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unconditional and impose few to no duties on the issuer or payee other than payment. In the United States, whether a promissory note is a negotiable instrument can have significant legal impacts, as only negotiable instruments are subject to Article 3 of the Uniform Commercial Code and the application of the holder in due course rule. The negotiability of mortgage notes has been debated, particularly due to the obligations and "baggage" associated with mortgages;

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