Legal Contracts Software Generator - Legal Contract Agreement Template for Agricultural Lien

# Agricultural Lien Agreement **This Agricultural Lien Agreement** ("Agreement") is made and entered into as of the ___ day of __________, 20__, by and between: **Lienor:** Name: ______________________________ Address: ____________________________ City, State, Zip: ____________________ Phone: ____________________________ **and** **Lienee:** Name: ______________________________ Address: ____________________________ City, State, Zip: ____________________ Phone: ____________________________ **Recitals:** WHEREAS, Lienor is engaged in the business of providing agricultural supplies, services, or financing; and WHEREAS, Lienee is engaged in agricultural operations and has agreed to provide a lien on certain agricultural products, crops, or equipment to secure the payment of a debt owed to Lienor. NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the parties agree as follows: ## 1. **Debt Secured** This Agreement secures the performance and payment of the obligations of Lienee to Lienor, specifically relating to the sum of $____________ (the "Secured Debt"). ## 2. **Description of Collateral** The Lienee grants to Lienor a continuing lien on the following collateral (the "Collateral"): - Crops: _________________________________________ - Equipment: _____________________________________ - Livestock: ______________________________________ - Other: _________________________________________ ## 3. **Conditions of Lien** - **3.1** Lienee warrants that the Collateral is free of any other liens or encumbrances except as disclosed to Lienor. - **3.2** Lienee agrees to inform Lienor promptly of any change in the location or condition of the Collateral. - **3.3** Lienee shall not sell, transfer, or otherwise dispose of the Collateral without the prior written consent of Lienor. ## 4. **Default** - **4.1** An event of default occurs if: a) Lienee fails to make any payment when due; b) Lienee breaches any provision of this Agreement; c) Lienee becomes insolvent or bankrupt. - **4.2** Upon the occurrence of an event of default, Lienor shall have the right to enforce this lien in accordance with applicable state law, including the right to take possession of and liquidate the Collateral. ## 5. **Governing Law** This Agreement shall be governed by and construed in accordance with the laws of the State of __________. ## 6. **Severability** If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable. ## 7. **Entire Agreement** This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements or understandings, whether written or oral, relating to the subject matter hereof. ## 8. **Amendments** This Agreement may only be amended in writing, signed by both parties. ## 9. **Signatures** **IN WITNESS WHEREOF,** the parties have executed this Agricultural Lien Agreement as of the date first above written. **Lienor:** _________________________________________ Signature _________________________________________ Printed Name _________________________________________ Date **Lienee:** _________________________________________ Signature _________________________________________ Printed Name _________________________________________ Date --- *This template is provided for informational purposes only and should not be construed as legal advice. Parties are encouraged to consult with a qualified attorney before entering into any legal agreements.*