Professional Documents
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Security Interest
Security Interest
This security Agreement (the “Agreement”) made and executed on this _____ day of
______________2022 at ____________________, by and between:
-and-
WITNESSETH:
1. The GRANTOR agrees to create a security interest over the movable property described below,
in favor of the SECURED CREDITOR, to secure its obligation to pay ONE HUNDRED TRHOUSAND
PESOS ( Php 100,000.00 ) under (description of the agreement from which the obligation
arises, including the date the agreement was entered into)
2. The security interest covered under this Agreement shall cover the movable property described
below:
(Description of encumbered asset, for example located at……, manufactured by ….., with
serial number……)
IN WITNESS WHEREOF, the parties hereunto set their hands on this _____ day of
______________ at _______________________.
___________________________ __________________________
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in Tabaco City and Albay Province this _____ day of
_____________ 20__ personally appeared:
I further acknowledge that this instrument, including the foregoing Agreement and this page on
which this Acknowledgement is written, consists of two (2) pages, all signed by the parties and sealed
with my notarial seal.
WITNESS MY HAND AND SEAL on the date and place above written.
NOTARY PUBLIC