Recording Requested When Recorded Return To:


Comes now Affiant: John Doe, I am of legal age, am competent for stating the matters set forth herewith, have personal knowledge about the facts stated herein, have full subject matter jurisdiction over the below Regarding, everything stated is the Truth, the Whole Truth, and nothing but the Truth under the pains and penalties of perjury. I make this Affidavit based on information and belief and documentations, publications I have relied entirely on provided to and available to me as of the legal, economic, and historical principles stated herein, except that, including the Note, regarding certain facts at issue in this area. Regarding: FACT 1:The mortgagor has the right to bring an affirmative claim, at least to the extent of a right to have title quieted and the mortgage removed. Chicago City Bank & Trust Co. v. Garvey, supra.

FACT 2: On page 6 of Modern Money Mechanics, the Federal Reserve Bank of Chicago tells us that the banks DO NOT "pay out" the funds for loans from money they received from other depositor's accounts. What they do is "accept" promissory notes( mortgages) in "exchange" for, credits to the "borrower's" transaction accounts - called "liabilities." This is how the bank legally created money for the mortgage known as _____. By the transactional method of mere "bookkeeping" entries (debits and credits), the bank is able to create money (or what is called money today.) And here's how they do it. When the bank receives a deposit of funds, either in federal reserve notes (cash) or some other form of a promise to pay, like a "check", or a "promissory note", they will open a "demand deposit account", or make a deposit in an account already opened, in the name of the "depositor."

which means you could withdraw it all at any time. The first problem is that mortgage loan documents are generally not transferred by endorsement on the note. deposits that check in their Demand Deposit Account. there must be a corresponding and matching "liability" entry. Modern Money Mechanics. So new money was created when I ____ applied for a loan. and the bank balance is "zero. since they would just be recycling a certain amount of currency. deposit it. at their bank. The two ledgers. that has your name and the Account Number attached to it." When I went to the bank to apply for a loan I was made to believe that I was being loan other depositor’s money. If you have opened a checking account. The bank has it in a Demand Deposit Account." THIS IS KNOWN AS THE "TRANSACTION" CONCEPT OF MONEY You take it to the bank. but it is not in circulation. FACT 3: Mortgage companies often claim to be holders in due course. The facts presented here as stated in the federal Reserve Publication “ Modern Money Mechanics” was not disclosed to me.2d 163 (3d Cir. Goods and services have been purchased. The liability is there because it is a Demand Deposit Account. The check you wrote (your promise to pay). Inc.. and reflects a typical bank deposit transaction. and the Demand Deposit Account.AFFIDAVIT OF COMMERCIAL TRUTH The following is the example from the fed publication. the new money has been created. based on your promise to pay) and birth it into the economy through their access to the clearing houses for negotiable instruments and loan you "credit. that account is credited for the amount on the face of the check. 1988) ("holder" is one who receives by endorsement on the note / 2|Page . and buy goods or services." Adams v. you may write checks on that account. 853 F. Madison Realty & Development. or other depositor's money. Modern Money Mechanics goes on to tells us that if the banks were to take their own money. Banks cannot loan out their own money (assets) nor can the banks loan you other depositor's money (credits in a Demand Deposit Account) they could only if they requested and received written permission of every single depositor. will be debited. This is essential to make one a "holder. They rarely are. But that would defeat the effort to create new money. For every deposit entry on the "asset" side of the ledger. bank has an asset and a liability." At this point. is returned to your bank. So. from whose account they would be using to make the loan. for the amount you assigned to the check. "assets" and Liabilities" must always balance out to "zero. they are allowed to take your note (which is new money. and loan it to you they would never be able to create any "new" money and birth it into the economy. When the person to whom you wrote the check. but no new money has been created.

these covenants are broken the moment that the instrument is signed. 160 F 642. See also Merchants Bank of Valdosta v Baird. most of the deposits they create are soon transferred to other institutions. Box 834 Chicago. FACT 4: The Federal Reserve Bank of Chicago also published the book Two Faces of Debt (Federal Reserve Bank of Chicago . 130 SE 758. IL 60690-0834) Page 19. 109. O. it and later owners are not "holders.” FACT 5: One by which the covenanter affirms that a certain fact is in a particular way. 49 Cal. 112. (1927) it was said: "It has been settled beyond controversy that a national bank. But a depositor's balance also rises when the depository institution extends credit-either by granting a loan to or buying securities from the depositor. A deposit created through lending is a debt that has to be paid on demand of the depositor. Puzina.Rptr. If any transferee did not take by endorsement. & R. 133 S. The total of currency and checkable deposits-the money-supply-is increased. just the same as the debt arising from a customer's deposit of checks or currency in a bank. All such contracts being entered into by its officers are ultra vires and not binding upon the parties nor the corporation. being limited in its power and capacity. Paragraph 3-5: "For an individual institution. The depositor's balance rises. 239 Cal. The public's total money supply is not changed. P. [see: Material Misrepresentation of Fact] See 11 S. 202. 17 Lns 526 (1876). v Citizens National Bank of Union. they arise typically when a depositor brings in currency or checks drawn on other institutions. as that the grantor of land is lawfully seized. cannot lend its credit by guaranteeing the debt of another. the lending or investing institution credits the depositor's account or gives a check that can be deposited at yet another depository institution.App.2d 708. no one else loses a deposit. and the like. Such newly created funds are in addition to funds that all financial institutions provide in their operations as intermediaries between savers and users of savings. 122 (1966). In this case. 3|Page . that it is clear of encumbrances.AFFIDAVIT OF COMMERCIAL TRUTH mortgage or "allonge" physically affixed thereto. furthermore. But individual depository institutions cannot expand credit and create deposits without limit.C. Public Information Center. usual practice of executing assignment does not make recipient a "holder"). New money has been brought into existence by expansion of depository institution credit. FACT 6: In Howard & Foster Co. under federal law. but the currency he or she holds or the deposits someone else holds are reduced a corresponding amount. If the assertion is false. In exchange for the note or security." Lopez v.

Any man or woman having firsthand knowledge of all the facts asserted herein and having absolute power and authority to rebut this affidavit must rebut each and every point separately with the rebutting party’s own signature. expectation. otherwise they would have no legal standing before the court. The document showing your liability) 2nd I have the right to reasonable identification of the party making the presentment. no copies) 5th I have the right to have this done at a reasonable time and place. ( original Promissory note with ink signature.AFFIDAVIT OF COMMERCIAL TRUTH FACT 7: "A lawful consideration must exist and be tendered to support the note. 6th I also have the right to demand evidentiary proof that the Offerror/Revenuer gave value to possess an interest in the subject matter disputed. 44 Minn. and complete with positive proof attached and willing to subpoena the authors of any publication included herein as exhibit or proof thereof. correct. 1st Is the right to see the instrument that created the debt. thereby waiving any unscionable right to. endorsements by bailee. FACT 8: The Uniform Commercial Code (UCC) in article 3 .e. and signed under the penalty of perjury and willing to testify as being true." See Anheuser Busch Brewing Co. amount of the claim or charge. In short. v Emma Mason. or their successor in interests’ immunities or defenses. 3rd If he is presenting for another you have the right to see his delegated authority to make the presentment.505 lists the rights of a party presented with a demand for payment. Absent positive proof. i. without recourse etc on its face. any rebuttal shall be deemed null and void having no force or effect. if there is no full disclosure and no consideration. 4th You have the right to have all payments shown on the face of the instrument along with the balance to be paid. 46 NW 558 (1890). I have these rights even if the claimant is the United States of America. 318. notarized. (original note with all stamps. there is no contract. Notice to Agent is notice to Principal Notice to Principal is Notice to Agent 4|Page ..

All My Rights Reserved Without Prejudice __________________________ STATE OF New York COUNTY OF __________________ I. _________.AFFIDAVIT OF COMMERCIAL TRUTH Any rebuttal shall be mailed to the address above within ten (10) business days of receipt of this affidavit. declaring the execution thereof. ______________________________________. When the Affiant does not receive a rebuttal within ten (10) business days this entire Affidavit shall be deemed true and correct. being a true and correct document to the best of his/her own belief. a notary public for the state of New York do hereby certify and affirm that the above named person(s) have appeared before me and. ______________________________________ Notary Public 5|Page . Subscribed and sworn affirmed to before me this ______ day of ______________.