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    USA Security Agreement


    Every commercial loan transaction should require the borrower to sign a Security Agreement - like this customizable digital template.

    • This form is only for use in the United States.
    • 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 parties intend the agreement to be a security agreement under the Uniform Commercial Code.
    • The secured party has the right to take whatever action it considers necessary to protect its security interest.
    • All amounts secured by the agreement become immediately due and payable if the borrower files for bankruptcy or becomes insolvent.
    • The debtor waives any statute of limitations with respect to enforcement of the secured party's lien.

    No lender should be without a standard form Security Agreement. If you don't have one yet, download your copy now.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 7385