Form 5 Security Agreement: Accounts And Contract Rights (Page 2 of 2) in pdf

Form 5 Security Agreement: Accounts And Contract Rights Page 2

the Debtor's principal place of business, five calendar days before the event of which

notice is given.

11. In addition to the obligations secured by this agreement, the Debtor shall pay (or

reimburse) the Secured Party a monthly service charge of ___________% of the

outstanding total of accounts against which advances have from time to time been applied

for and made, and should foreclosure of this agreement be necessary, the Debtor shall

also pay all costs of collection, including, but not limited to, reasonable attorney's fees

and legal expenses incurred by the Secured Party, for all of which this agreement shall be

security.

12. The books and records relating to the collateral are maintained at ___________,

the Debtor's principal place of business (except ___________).

13. The Debtor will cooperate in all ways necessary to effectuate the rights of the

Secured Party under this agreement, including the execution from time to time of

financing statements, notes, assignment papers and any other instruments or documents

believed by the Secured Party to be necessary or desirable.

(Signed)

___________

Debtor

____________

Secured Party

Form 5 Security Agreement: Accounts And Contract Rights Page 2