Warehouseman’s Lien. You agree that you have title to and/or the sole right to possession of the goods placed in storage, and that there is no other lien or interest in the goods owned by any person. You also agree that in the event you fail to pay to the Company its storage, transportation, and related charges, that the Company may sell your goods in accordance with applicable provisions of the State law in which the warehouse is located. You also agree that the Company has a warehouseman’s lien as well as a security interest against your goods to the extent of all money owed to the Company for storage, transportation, and related charges.
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Sources: Warehouse Receipt and Storage Contract, Warehouse Receipt, Warehouse Receipt and Storage Contract