Security Agreement and Promissory Note

About this template:

This particular legal document or agreement of assignment is used to assist in dealing with a Security Agreement and Promissory Note. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

SECURITY AGREEMENT AND PROMISSORY NOTE This Security Agreement (the Agreement) is made and effective For value received the undersigned Debtor promises to pay to the order of [NAME] together with any other holder of this note (Secured Party) at its office at [ADDRESS] [AMOUNT] with interest at the rate of [%] per annum. Payment shall be made in successive equal monthly instalments of [AMOUNT] except the final Installment which shall be the balance due on this note. Each such Installment is payable on the [DAY] of each month commencing on [DATE].

Download