Common use of Security Deed Clause in Contracts

Security Deed. Deed to Secure Debt and Security Agreement with Assignment of Rents (hereinafter referred to as the "Security Deed") in favor of Lender, dated of even date herewith and conveying the Property to secure the indebtedness evidenced by the Note; which Security Deed is to be recorded in the appropriate public records of the county in which the Land lies on or about the date hereof.