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Interest = Principal x Rate x Time |
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Interest only (Straight note) |
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Payments of a fixed amount of principal plus interest added |
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Irregular shaped, most difficult, metes (ft, yard, rods, links), bounds (sts, rivers, treams) |
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Lot, Tract and Recorded Map |
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Lot 1, Block 2 of recorded map |
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US Rectangular Survey (Township, Range, etc) |
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6 miles square, 36 sections, numbering like snake (right to left), 24 mile perimeter |
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3 Base & Meridian Section |
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North (Humboldt), Central (Mt Diablo), South (San Bernardino) |
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1 rod = 16.5 ft, 320 rods in a mile |
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