Florida Security Agreement (UCC Article 9)

FLORIDA COMMERCIAL SECURITY-AGREEMENT PREPARATION PACKET

DO NOT SIGN OR RELY ON THIS PACKET UNTIL COUNSEL COMPLETES EVERY APPLICABLE GATE AND SCHEDULE.

This packet organizes a proposed commercial secured transaction. It makes no promise of attachment, perfection, priority, enforceability, filing effect, or remedy.

1. Parties and Related Transaction

Effective date: [__/__/____]

Related credit document: [________________], dated [__/__/____]

Credit purpose and transaction type: [________________]

Consumer-purpose screening result and reviewer: [________________]

Other obligor, guarantor, owner, account party, or lienholder: [________________]

2. Current Authority and Filing Gate

☐ Current statutes, controlling cases, filing-office rules, forms, and instructions checked

☐ Pending and recently effective amendments checked

☐ Public-record searches and current organizational records reviewed

☐ Every proposed clause and enforcement step supported by the completed gate

3. Obligations

"Obligations" means only the selected and completed items:

☐ Amounts enforceably due under the Credit Document: [________________]

☐ Debtor performance under the separately approved Security Agreement: [________________]

☐ Future advances specifically described here: [________________]

☐ Additional transaction specifically described here: [________________]

☐ Enforcement expenses only as allowed by the completed authority gate: [________________]

Excluded obligations: [________________]

No affiliate debt, unrelated transaction, contingent obligation, indemnity, charge, or future advance is included unless expressly identified and approved.

4. Collateral and Grant Plan

The operative agreement, if approved, will grant an interest only in the property identified in Schedule A.

Schedule A must use the specificity required for every selected category and special asset. A category label or public-filing indication does not enlarge the operative grant.

5. Perfection and Priority Plan

Further-assurance procedure: [________________]

Costs and taxes allocated to: [________________]

Monitoring owner and review frequency: [________________]

No "first priority," exclusive priority, Florida filing, one-filing, or continuous-perfection representation belongs in the operative agreement unless Schedule C states the verified basis and counsel-approved wording.

6. Debtor Information and Representations

Proposed representations concerning rights in collateral, authority, competing interests, purpose, and internal approval: [________________________________]

Knowledge qualifier, materiality standard, and update date: [________________________________]

7. Covenants

8. Defaults and Cure

A circumstance is a Default only if selected, completed, consistent with the Credit Document, and permitted by current law.

No selected event creates a remedy prohibited, stayed, avoided, or limited by governing law.

9. Enforcement Plan

Schedule F must state recipients, notice content and timing, conduct limits, disposition method, commercial-reasonableness record, proceeds order, surplus, deficiency, expenses, acceptance, redemption, and completion evidence.

This packet does not authorize premises entry, self-help, disabling technology, collection communications, setoff, disposition, waiver, or creditor-selected proceeds.

10. Dispute, Execution, and General Terms

11. Release and Termination

Release event: [________________________________]

Surviving obligation, if any: [________________________________]

Deadline, filing party, delivery method, and cost allocation: [________________________________]

Collateral, possession, control, account, title, and record return steps: [________________________________]

12. Operative-Document Approval

Approved Security Agreement version: [________________________________]

Secured Party authorized signer: [________________________________]

Debtor authorized signer: [________________________________]

Execution date: [__/__/____]

Approving Florida lawyer: [________________________________]

Completion of this packet does not grant an interest or perfect, prioritize, enforce, or release one. Use counsel's separately approved operative agreement and complete every required perfection step.

Schedules

• Schedule A — Collateral, identifiers, present / after-acquired scope, proceeds, supporting property, and exclusions
• Schedule B — Perfection, filing, possession, control, delivery, notation, maintenance, and completion evidence
• Schedule C — Searches, competing interests, intended priority, subordination, consents, and permitted interests
• Schedule D — Debtor identity, location, organization, records, former names, offices, and collateral locations
• Schedule E — Collateral care, insurance, reports, inspections, dispositions, and covenant controls
• Schedule F — Default, cure, enforcement, notice, conduct, disposition, proceeds, acceptance, redemption, and fees
• Schedule G — Parties, notice contacts, approved delivery methods, and effective events

Final Counsel Checklist

☐ Credit Document and operative Security Agreement are consistent

☐ Debtor identity and location verified from current records

☐ Collateral and obligations intentionally and sufficiently described

☐ Every perfection step and filing field reviewed

☐ Searches, competing interests, priority, and maintenance triggers documented

☐ Default, notice, enforcement, disposition, proceeds, acceptance, redemption, and release match current law

☐ Consumer, bankruptcy, privacy, licensing, regulated-collateral, and special-asset issues screened

☐ No first-priority, automatic-perfection, unrestricted-entry, or creditor-selected-proceeds promise remains