As part of the security agreement at the time of taking of loan, the debtor grants all of the right, title and interest and under all of the tangible and intangible property owned or possessed that is mentioned in the form, the Debtor also constitutes and appoints the Secured Party its true and lawful attorney. The debtor’s representations, warranties and covenant, and also deals with possible defaults and what happens in that case. As part of the security agreement, the debtor agrees to indemnify and other miscellaneous provision. The form also provides meaning to certain terms used in the form.