Under a Deed of Trust, only the "pledged " or collateralized property is at risk. This Deed of Trust IS a LIEN on the property. If you have a Mortgage, commonly used outside of California, unless something specific was added to the language of the document, only the property is at risk. A Mortgage of Chattels, or Chattels Mortgage, however , is not the same. Under this promisory note, you pledged pretty much everything, all your possessions (chattels, an Old english term) this is not commonly used except by hard money lenders and such.