Burnet County Collateral Assignment of Note and Liens (Security Agreement) Form

Burnet County Collateral Assignment of Note and Liens Form
Fill in the blank form formatted to comply with all recording and content requirements.

Burnet County Guidelines - Collateral Assignment of Note and Liens
Line by line guide explaining every blank on the form.

Burnet County Completed Example of the Collateral Assignment of Note and Liens Document
Example of a properly completed form for reference.
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Additional Texas and Burnet County documents included at no extra charge:
Where to Record Your Documents
County Clerk
Burnet, Texas 78611
Hours: Monday - Friday 8:00am - 5:00pm
Phone: (512) 756-5406
Recording Tips for Burnet County:
- Bring your driver's license or state-issued photo ID
- Check margin requirements - usually 1-2 inches at top
- Recorded documents become public record - avoid including SSNs
Cities and Jurisdictions in Burnet County
Properties in any of these areas use Burnet County forms:
- Bertram
- Briggs
- Burnet
- Marble Falls
Hours, fees, requirements, and more for Burnet County
How do I get my forms?
Forms are available for immediate download after payment. The Burnet County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Burnet County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Burnet County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Burnet County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Burnet County?
Recording fees in Burnet County vary. Contact the recorder's office at (512) 756-5406 for current fees.
Questions answered? Let's get started!
1. Borrower/Obligor 2. Debtor/Original Lender 3. Secured Party(SP)/3rd Party/New Lender
This form assigns the current Debtors/lenders security interest in a promissory note backed by a previously recorded Deed of Trust Lien, with all rights, titles, equities and interest securing the same as described in that certain Deed of Trust. This collateral is assigned to a Secured Party to protect a Security Agreement made between the Debtor and Secured Party. A collateral assignment is a pledge that the Debtor will pay the Secured Party as agreed. Debtor authorizes Secured Party, at Secured Party's option, to collect any and all sums becoming due upon the Collateral, such sums to be held by Secured Party without liability for interest thereon and applied toward the payment of the Obligations as and when the same becomes payable, and Secured Party shall have the full control of the Collateral and the Deed of Trust Lien securing the same until the Obligations are fully paid and shall have the further right to release the Deed of Trust Lien securing the Collateral upon the full and final payment to Secured Party.
Typically used by Private Lenders/Debtors to borrow money on a property that they financed by a Deed of Trust Lien and Promissory Note.
Sec. 9.102. DEFINITIONS AND INDEX OF DEFINITIONS. (a) In this chapter:
(12) "Collateral" means the property subject to a security interest or agricultural lien. The term includes:
(A) proceeds to which a security interest attaches;
(B) accounts, chattel paper, payment intangibles, and promissory notes that have been sold; and
(C) goods that are the subject of a consignment.
(28) "Debtor" means:
(A) a person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;
(B) a seller of accounts, chattel paper, payment intangibles, or promissory notes; or
(C) a consignee.
(66) "Promissory note" means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgement by a bank that the bank has received for deposit a sum of money or funds.
(73) "Secured party" means:
(A) a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
(B) a person that holds an agricultural lien;
(C) a consignor;
(D) a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;
(E) a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or
(F) a person that holds a security interest arising under Section 2.401, 2.505, 2.711(c), 2A.508(e), 4.210, or 5.118.
(74) "Security agreement" means an agreement that creates or provides for a security interest.
For use in Texas only.
Important: Your property must be located in Burnet County to use these forms. Documents should be recorded at the office below.
This Collateral Assignment of Note and Liens (Security Agreement) meets all recording requirements specific to Burnet County.
Our Promise
The documents you receive here will meet, or exceed, the Burnet County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
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