VIEWS: 1,347 PAGES: 14 CATEGORY: Financing With Debt POSTED ON: 11/2/2009
A Real Estate Security Agreement is a document that establishes a debtor-creditor relationship to secure a debt with regard to real property. The debtor grants a security interest in the debtor’s real property and the secured party, the lender, agrees to loan certain monies to the debtor. The agreement contains provisions common to other security agreements, such as an acceleration clause, a list of events of default, and representations, warranties and covenants made by the debtor. This template agreement can be used by debtors seeking to use real property as collateral to obtain a loan, lenders seeking to grant a secured loan, or either party’s legal representative.
"Real Estate Security Agreement"