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

All Somervell County specific forms and documents listed below are included in your immediate download package:

Collateral Assignment of Note and Liens Form

Somervell County Collateral Assignment of Note and Liens Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included Somervell County compliant document last validated/updated 8/6/2024

Guidelines - Collateral Assignment of Note and Liens

Somervell County Guidelines - Collateral Assignment of Note and Liens

Line by line guide explaining every blank on the form.
Included Somervell County compliant document last validated/updated 10/29/2024

Completed Example of the Collateral Assignment of Note and Liens Document

Somervell County Completed Example of the Collateral Assignment of Note and Liens Document

Example of a properly completed form for reference.
Included Somervell County compliant document last validated/updated 11/20/2024

When using these Collateral Assignment of Note and Liens (Security Agreement) forms, the subject real estate must be physically located in Somervell County. The executed documents should then be recorded in the following office:

Somervell County Clerk - County Annex

107 NE Vernon / PO Box 1098, Glen Rose, Texas 76043

Hours: 8:00am to 4:30pm M-F

Phone: (254) 897-4427

Local jurisdictions located in Somervell County include:

  • Glen Rose
  • Nemo
  • Rainbow

How long does it take to get my forms?

Forms are available immediately after submitting payment.

How do I get my forms, are they emailed?

Immediately after you submit payment, the Somervell County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.

What does "validated/updated" mean?

This indicates the most recent date when at least one of the following occurred:

  • Updated: The document was updated or changed to remain compliant.
  • Validated: The document was examined by an attorney or staff, or it was successfully recorded in Somervell County using our eRecording service.
Are these forms guaranteed to be recordable in Somervell County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Somervell County including margin requirements, content requirements, font and font size requirements.

Can the Collateral Assignment of Note and Liens (Security Agreement) forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Somervell County that you need to transfer you would only need to order our forms once for all of your properties in Somervell County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Texas or Somervell County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

What type of files are the forms?

All of our Somervell County Collateral Assignment of Note and Liens (Security Agreement) forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

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.


Our Promise

The documents you receive here will meet, or exceed, the Somervell County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

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Richard E.

August 10th, 2021

The QuitClaim deed does not provide enough space in the Grantor block at the top of the first page. In fact, all blocks should provide more space.

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February 11th, 2021

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December 23rd, 2020

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September 18th, 2020

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July 11th, 2022

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