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Security Agreement

A security agreement is a contract between a seller and buyer or lender and borrower. This gives the seller or lender a security interest and the right to repossess property that a person or business has offered as collateral if the loan or note is not paid according to the agreed on terms.

The last review and update of our security agreement was completed in 2007 by a licensed attorney.

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A Security Agreement is a legal agreement commonly used with a promissory note to secure collateral for a lender or another person involved with a business transaction.

Our security agreement form covers the following areas:

  • Type of collateral being secured
  • Address where collateral will be kept
  • Executing further documents
  • Events that will constitute a default
  • Assignment of secured collateral by holder
  • A Listing of events that would constitute default by the debtor
  • Rights of the holder should debtor default

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3)  Major credit cards accepted
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Any Windows® or Macintosh® computer that can read rich text or word documents.