Form 4c.4 Agricultural Security Agreement printable pdf download

FORM 4C.4 AGRICULTURAL SECURITY AGREEMENT

Date _______________

Parties, collateral. The undersigned Debtor (hereinafter collectively with Codebtor, if any, called Debtor), jointly

and severally, for value received, hereby grants to [name of lender] (hereinafter called Holder) a security interest

under the Uniform Commercial Code of [state] in the following described collateral:

The following agricultural equipment: [list].

The following livestock: [list].

The following crops: [list].

And as additional collateral all additions to and replacements of all such collateral and all accessories, acces-

sions, parts, and equipment now or hereafter affixed thereto or used in connection therewith and the proceeds

from all such collateral (including negotiable or nonnegotiable warehouse receipts now or hereafter issued for

storage of collateral). If this Agreement includes livestock, then as additional collateral Debtor grants to Holder a

security interest in all increase and issue thereof and additions, replacements, and substitutions thereof. If this

Agreement includes crops, then as additional collateral Debtor grants to Holder a security interest in all annual

and perennial crops and products thereof growing or planted on the following described property, either before

or after harvest, and all additions and substitutions thereof and if the property covered hereby is crops or

fixtures, it is and will be located on the following described property: [description of property and county]. If

other than Debtor, the record owner of the land described is [name and address]. All collateral described

previously in subparagraphs a, b, c, and d is referred to in this Agreement collectively as the Collateral, and

shall include all such Collateral wherever located.

Representations and warranties of debtor. So long as any indebtedness secured hereby remains unpaid, Debtor

shall continuously represent and warrant that (a) Debtor is the owner of the Collateral free of all security interests

or other encumbrances, except the security interest created by this Agreement; (b) Debtor is authorized to enter into

this Agreement; (c) Debtor is engaged in farming operations and Debtor’s farming operations are carried on at the

address specified below opposite Debtor’s signature; and (d) the Collateral is and will be located at the address

specified opposite Debtor’s signature, or, if not, at [address].

Additional provisions. THIS SECURITY AGREEMENT SPECIFICALLY INCLUDES ALL THE ADDITIONAL

PROVISIONS SET FORTH, THE SAME BEING INCORPORATED HEREIN BY REFERENCE.

IN WITNESS WHEREOF, the Debtor has executed and delivered this Agreement on the date first above written.

The undersigned Debtor acknowledges receipt of a copy of this instrument.

[address of debtor]

[name of corporation, partnership, or organization]

[signature]

[name, title, Social Security number]

[signature]

[name, title, Social Security number]

Such additional provisions are as follows:

Obligations secured. This agreement is continuing until specifically terminated in writing by Holder and the security

interest granted herein is given to secure the performance of the covenants and agreements herein set forth and the

payment of the indebtedness evidenced by the promissory note(s) or other instruments executed by Debtor to the

order of Holder and any other indebtedness of Debtor to Holder, whether now existing or hereafter incurred, of every

kind and character, direct or indirect, whether as maker, indorser, guarantor, or surety and whether such indebted-

ness is from time to time reduced and thereafter increased or entirely extinguished and thereafter reincurred,

including, without limitation, any sums advanced by Holder in the performance of Debtor’s obligations hereunder,

any license fees, insurance, and repairs with respect to the Collateral, and any attorney fees and other charges and

expenses incurred in the collection of the obligations secured hereby, provided, however, that indebtedness incurred

in a “Consumer Credit Transaction” as defined in the [state] Consumer Credit Code shall not be secured by this

Agreement. If more than one person signs this Security Agreement, each of the undersigned individuals acknowl-

edge and agree that the interest of each of us in the collateral described above shall stand as security and collateral

for any indebtedness, direct or contingent, that Bank or its assignee may now hold or in the future acquire, made

or incurred by both us jointly, or made or incurred by either one of us separately and independently of the other,

without the necessity of obtaining the consent, cosignature or acknowledgement of the other on any such other

indebtedness or obligation and whether made or incurred with or without my knowledge.

Additional warranties and covenants of debtor. So long as any indebtedness secured hereby remains unpaid,

Debtor:

Will defend the Collateral against the claims and demands of all other parties; will keep the Collateral free

from all security interests or other encumbrances, except the security interest created by this Agreement; will

Form 4c.4 Agricultural Security Agreement

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