Commission.

Commission.

PROGRESS PAYMENTS — Scheduled, periodic, and partial payment of construction loan funds to a builder as each construction stage is completed. PROGRESSION, PRINCIPLE OF — The worth of a lesser valued residence tends to be enhanced by association with higher valued residences in the same area. PROMISSORY NOTE — Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulated terms. The promissory note establishes personal liability for its payment. The evidence of the debt. PROPERTY — Everything capable of being owned and acquired lawfully. The rights of ownership.