Promissory Note Secured By Personal Property Template for New Zealand

1. Prepayment Provisions: Include when early payment options are allowed, specifying any penalties or conditions

2. Multiple Makers: Include when there are multiple borrowers, specifying joint and several liability

3. Subordination: Include when the security interest needs to be subordinated to other security interests

4. Insurance Requirements: Include when specific insurance must be maintained on the secured property

5. Assignment: Include when transfer rights need to be specifically addressed

6. Guarantee: Include when a third-party guarantee is part of the security arrangement

7. Special Payment Arrangements: Include when there are non-standard payment terms or conditions

1. Schedule 1 - Collateral Description: Detailed description of the secured personal property including serial numbers, locations, and identifying features

2. Schedule 2 - Payment Schedule: Amortization schedule or payment timeline if installment payments are involved

3. Schedule 3 - Existing Security Interests: List of any existing security interests or encumbrances on the secured property

4. Appendix A - PPSA Financing Statement: Copy of the PPSA financing statement to be registered

5. Appendix B - Condition Report: If applicable, current condition report of the secured property

6. Appendix C - Valuation Certificate: If applicable, current valuation of the secured property