USA Security Agreement

US lenders, prepare a Security Agreement for a borrower to sign with this easy-to-use template.

• The borrower (debtor) grants the lender (secured party) a security interest in certain property of the borrower, as collateral to secure repayment of the borrower's indebtedness under a promissory note.
• The agreement is intended to be a security agreement pursuant to the Uniform Commercial Code.
• The agreement sets out a list of circumstances which constitute events of default.
• All amounts secured by the agreement become immediately due and payable if the borrower becomes insolvent.

This USA Security Agreement is provided in MS Word format, and is fully editable to meet your particular needs.