Security Agreement (Personal) Sample
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3SECURITY AGREEMENT (PERSONAL)
AGREEMENT BETWEEN
Secured Party:
[Dealer] trading as [Dealer Trading Name] (the “Secured Party”)
Customer:
Customer Name:
____________________________________
Customer No.:
_________________________
Physical Address:
_________________________________________________________________________________
Telephone:
___________________
(Mob)
___________________
(Hm)
(the “Customer”, “you”)
Notice
Notices by the Secured Party to the Customer may be given by the Secured Party to any of the following addresses:
Addresses
Delivery:
_______________________________________________________________________________________
Email:
_____________________________________
Fax:
_______________________________________
Post:
_______________________________________________________________________________________
Ref No.
___________________
Collateral:
Details of Collateral
(including
Goods Type:
_____________________________________
particulars to
appear in
Description:
financing
Make:
______________
Model:
____________
Year:
______________
Registration No.:
________________
statement)
Chassis/Serial No:
_______________________
Vin No:
_______________________
Colour:
________________
Odometer Reading:
______________
Motive Power
:___________________
First Registered:
_______________
All present and after acquired property that is proceeds of the collateral described in the financing statement.
Verification
The customer waives/does not waive [Delete one. If no deletion, to be read as 'waives'] the need for the Secured Party
Statement
to forward it a copy of any verification statement in respect of any financing statement or financing change statement
Waiver:
registered under the PPSA by the Secured Party in connection with this Agreement.
Assignment to
In consideration of an amount paid by UDC Finance Limited (“UDC”), details of which are separately recorded, the Secured
UDC Finance
Party acknowledges receipt of a copy of this Agreement and assigns to UDC all the Secured Party’s rights, title and interest
Limited:
in the Collateral, in all payments to be made by the Customer pursuant to this Agreement, in all of the Secured Party’s
other rights under this Agreement, in all guarantees and collateral securities held by the Secured Party in respect of this
Agreement, and in this Agreement generally. This assignment shall be governed by the terms of any assignment or similar
agreement between the Secured Party and UDC. Unless otherwise agreed in writing, for the purposes of the relevant Dealer
Assignment Facility Agreement or Broker Assignment Facility Agreement between UDC and the Secured Party, this
assignment is Non-Recourse Assignment and is an Absolute Assignment (in each case as defined in the relevant Dealer
Assignment Facility Agreement or Broker Assignment Facility Agreement).
You may be required to make payments direct to UDC, and to execute a direct debit authority in favour of UDC.
This assignment does not affect the terms of the contract that you entered into (other than terms relating to the identity of
the Creditor).
UDC’s registration number and dispute resolution scheme details are provided in the relevant Facility Agreement’s
disclosure statement.
Agreement:
To secure to the Secured Party payment of the Secured Amounts, the Customer:
(a)
grants the Secured Party a security interest (as defined in the PPSA) in the collateral to the extent it is Personal
Property.
(b)
charges to the Secured Party the Collateral to the extent it is Other Property; and
(c)
agrees to mortgage to the Secured Party the Collateral to the extent it is Real Property.
The Customer agrees to the terms set out in this Agreement (including the terms set out in the attached Schedule of
Terms).
SIGNING PROVISIONS
Signed by the
Customer / on its
_____________________________________
_____________________________________
behalf by persons
Signature of Customer/Authorised Person
authorised to do
Full name of Customer/Authorised Person
so:
Signed for and
on behalf of the
_____________________________________
_____________________________________
Secured Party:
Signature
Full name
Date of
Agreement:
______/______/______ (Secured Party to Complete)
_________________________________________________________________________________________
SAPLVE 05/15 Image Code 374
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