Ucc 3 Acceptance Language For Vehicles

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UCC LANGUAGE FOR VEHICLES:

First Vehicle:
The following Property is accepted for value, exempt from levy, and herewith registered in the Commercial Chamber and liened at a sum certain $2,500.00 and is the private property (conveyance) of the Secured Party as authorized representative of the Debtor and said property is not used in commerce upon the highways and is exempt from the State MVD/code registration statutes; 1990 NISSAN, Pick-up, Model U2L, Vin # 1N6HD12H4LC347573, Color - Silver, Bearing License Plate Number REC 757. Before any of the above property can be disbursed, exchanged, sold, forfeited, gifted, transferred, surrendered, conveyed, destroyed, disposed of, or otherwise removed from DEBTORS possession, lien must be satisfied in full by Bill of Exchange.

Second vehicle:
The following Property is accepted for value, exempt from levy, and herewith registered in the Commercial Chamber and liened at a sum certain $4,500.00 and is the private property (conveyance) of the Secured Party as authorized representative of the Debtor and said property is not used in commerce upon the highways and is exempt from the State MVD/code registration statutes; 1999 TOYOTA, 4 DOOR AUTOMOBILE, Style# COA, Vin # 1NXBR12E5XZ300161, Color Beige, Bearing License Plate Number XCN 060. Before any of the above property can be disbursed, exchanged, sold, forfeited, gifted, transferred, surrendered, conveyed, destroyed, disposed of, or otherwise removed from DEBTORS possession, lien must be satisfied in full by Bill of Exchange.

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