How to prepare legal forms (click here)

Pledge Agreement Certificate Of Deposit

1. Parties. Agreement made [date] between [name] of [address] (Borrower) and [name], a [state] corporation having an office at [address] (Lender).

2. Collateral and Grant of Security Interest. Borrower grants Lender a security interest in the following certificate of deposit as well as any renewal of such certificate and all funds evidenced by such certificate (the Collateral):

[description of collateral]

3. Description of Obligation Secured. The security interest granted by this Instrument secures an indebtedness owed by Borrower to Lender in the principal sum of ........ dollars ($........) with interest at the rate of ........ percent (........%) per annum, payable on [date], evidenced by a promissory note dated [date], signed by Borrower and delivered to Lender on that date.

4. Delivery of Collateral to Lender. Borrower has delivered the certificate representing the Collateral to Lender. In addition, Lender is in possession of the funds evidenced by such certificate.

5. Borrower's Representation. Borrower owns the Collateral free of any claim by any third party. No one except Borrower and Lender has any ownership or security interest in the Collateral.

6. Borrower to Help Maintain Valid Security Interest in Lender. Borrower shall do such acts as Lender may reasonably require from time to time to maintain a valid security interest in the Collateral in Lender, free of...

(Excerpt)

Premium Legal Agreement: Instant download - Ready to fill-in and print.