| THIS DEED made the .......... day of .............................., 20.........., between A. B. of .............................. of the one part and C. D. of .............................. of the other part WITNESSETH that in consideration of the sum of $.................... now paid to A. B. by C. D., the receipt of which the said A. B. hereby acknowledges (or whatever else the consideration may be), the said A. B. doth hereby assign unto C. D., his or her executors, administrators, and assigns, all and singular the several chattels and things specifically described in the Schedule to this Deed by way of security for the payment of the sum of $.................... and interest thereon at the rate of ..........% per annum (or whatever else may be the rate of interest or without interest as the case may be). And the said A. B. further agrees and declares that he or she will duly pay to the said C. D. the principal sum aforesaid (if interest provided for, add), together with the interest then due by equal payments of $.................... on the day of .............................., 20.......... (or whatever else may be the stipulated times or time for payment). And the said A. B. also agrees with the said C. D. that he or she will (here insert terms as to insurance, payment or rent, or otherwise, which the parties may agree to for the maintenance of defeasance of the security). |