Thursday, 08 April 2010 07:19

Security Agreement Provision for Storage of Collateral

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1. Introduction. Agreement dated [date] between [name], residing at [address] (Debtor), and [name], with offices at [address] (Secured Party).

2. Collateral. [Collateral] is to be held in storage by Secured Party.

3. Location. The Collateral is to be stored at [address] as of [date].

4. Care. Secured Party is to use reasonable care in keeping and preserving the Collateral. The Collateral is at all times to be insured for an amount of not less than ........ dollars ($........).

[signature]

Secured Party

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