_____________________, referred to herein as SECURED PARTY, and _____________________, referred to as DEBTOR, agree:
______________, DEBTOR, grants a security interest in the following property to ____________, SECURED PARTY:
This security agreement is made to secure an indebtedness of ______________ to _______________, described as follows: A _______________, in the original principal amount of Rs. ______, ____________ &___/100 rupees) dated _______________.
This security interest is also given to secure any other debts which may be owed by ______________ to ____________ from time to time
. DEBTOR warrants to SECURED PARTY that the property in which a security interest is granted is subject to no other liens, charges or encumbrances and that there are no financing statements or other lien notices on file regarding debtor that might create a lien on the property secured herein….
Legal Agreements
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