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Security Agreement

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SECURITY AGREEMENT

(For Direct Loans Including Motor Vehicles)

1. Debtor(s) - Name (s) and residence address(es) 2. Secured Party(ies) - Name(s) and address(es)

Debtor, for consideration, and to secure payment of the indebtedness evidenced by

a certain promissory note of even date herewith, in the sum of $___________________,

payable to the Secured Party, or order, hereby grants to Secured Party a security interest in the

following

personal

property

(hereinafter

called

the

COLLATERAL

including (except in the case of consumer goods as defined in the Uniform Commercial

Code) all additions, replacements, and accessories thereto:

Make

Year

Style and Model

Identification Number

Debtor warrants he is the owner of the collateral free and clear of liens, encumbrances and

security interests except $

; that the collateral is located at and will be kept at his

residence address above shown; if a motor vehicle not to remove the same from Colorado,

and if other collateral not to remove the same from his residence address above shown; to

pay all taxes when due; to procure such insurance as may legally be required by Secured

Party and deliver the policy to Secured Party with a loss payable clause in favor of Secured

party or a certificate thereof; in default of the foregoing Secured Party may procure such

insurance, the premium thereon to be secured hereby and paid by Debtor.

Debtor may retain possession of the collateral until any default hereunder. If default shall

occur in the payment of the debt secured hereby or any conditions of this Security

Agreement, or if Secured Party feels insecure in his security, then the Secured Party may

take immediate possession of the collateral wherever found, with or without legal process,

may require the Debtor to assemble the collateral and make it available to the Secured Party

at a place reasonably convenient to both parties, and may exercise any rights and remedies

granted Secured Parties by Article 9 of the Uniform commercial Code upon default by a

Debtor under a security agreement.

Any provision hereof contrary to or prohibited by any law of Colorado, in whole or in part,

shall be considered as deleted herefrom and as though not contained herein or enforceable to

the extent permitted by such law. The singular used herein shall include the plural, and

either gender.

Dated this ______ day of ________________, ___________

__________________________________________

Debtor

__________________________________________

Debtor

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Security Agreement

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