USA lenders, prepare a Security Agreement for a borrower to sign with this easy-to-use template. Under the Agreement, 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. Provisions of the Agreement include:

• The agreement is intended to be a security agreement pursuant to the Uniform Commercial Code.


• List of all circumstances which constitute events of default.


• Any forbearance by the lender in exercising any right or remedy shall not be a waiver of the exercise of any right or remedy.


• All amounts secured by the agreement become immediately due and payable in the event of the borrower's insolvency.

This United States security agreement is provided in MS Word format, and is fully editable to meet your particular needs.