Free Business Borrowing and Lending Legal Forms and Contracts

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SECURITY AGREEMENT

This SECURITY AGREEMENT is made on this ______ day of ______, 20_____ between _________________, _________________, __________________ ("Debtor"), and ______________, __________________, ___________,________________ ("Secured Party").

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PLEDGE OF SHARES OF STOCK

BE IT KNOWN, for value received, the undersigned___________________ (Pledgor) of ______________________ hereby deposits, delivers to and pledges with ______________________ (Pledges) of_______________________ as collateral security to secure the payment of the following described debt owning Pledges:

The share of stock, described as ________ shares of stock of _____________________________________________ (Corporation) represented as Stock Certificates No(s).

It is further agreed:

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NOTICE OF DEFAULT IN PAYMENT

Date:_______________________

To:_________________________

You are hereby notified that your payment of _______________________ Dollars ($ ) due on or before ________________________, has not been received by the undersigned. If said payment is not paid by__________, the undersigned shall invoke the remedies under the agreement between us dated _________________________, together with such other remedies that the undersigned may have.

_______________________________

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GUARANTY

FOR GOOD CONSIDERATION, and as an inducement for____________________ (Creditor), to extend credit to ________________________ (Customer), it is hereby agreed that the undersigned does hereby guaranty to Creditor the prompt, punctual and full payment of all monies now or hereinafter due Creditor from Customer.

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DEMAND PROMISSORY NOTE

$___________________________________ Date:___________

FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of ________________________________ [insert name of lender], the sum of_________________________________________ dollars ($________.00), together with interest of _______% per annum on the unpaid balance. The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.

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DEMAND NOTE

Date: _________________________

On demand, the undersigned, for value received, jointly and severally promises to pay to the order of _____________________________ [insert name of lender] the sum of _____________________________________________ dollars ($________.00) together with interest thereon from the date hereof until paid at the rate of _______% per annum.

In the event this note is not paid when due, the undersigned shall pay all attorney’s fees and reasonable costs of collection.

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CONSUMER LOAN AGREEMENT

1. Parties: The undersigned is ______________________, the Borrower, and the Lender is _______________________________________.

2. Date of Agreement: ________________________________________________.

3. Promise to Pay: Within _____ months from today, Borrower promises to pay to Lender_________________________ dollars ($_______) and interest and other charges stated below.