Security Agreement

About this template:

This particular legal document or agreement of assignment is used to assist in articulating the terms of a security agreement. To see other essential legal document templates for you and your clients here https://www.templateguru.co.za/templates/legal/

Excerpt:

SECURITY AGREEMENT 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) [AMOUNT] with interest at the rate of [%] per annum. Payment shall be made in successive equal monthly instalments of [AMOUNT]. Each such Installment is payable on the [DAY] of each month commencing on [DATE].

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