CLERK'S COVER SHEET: SECURITY DEED

1. Date of document: 10th day of June, 2026
   
2. Signatories:
   Grantor (Borrower): _________________________ of ________________________________________
   Grantee (Lender): _________________________ of ________________________________________
   
3. Map and parcel identification number (if applicable): _______________________________
   
4. Original loan amount OR Amount of any outstanding principal and any additional advance pursuant to a loan modification:  $_______________
   
5. Initial maturity date or dates: June 10, 2026
   
6. Amount of intangible recording tax (if applicable): Not applicable
   
7. Amount of intangible recording tax imposed for an additional advance (if applicable): Not applicable
   
8. If no intangible recording tax is imposed, a citation to the authority providing for an exemption of such tax: Not applicable
   

NOTE: This cover sheet does not modify the terms of the attached instrument.

Security Deed

THIS SECURITY DEED (the "Deed") dated this 10th day of June, 2026

BETWEEN:

_________________________ of ________________________________________
(the "Grantor")

OF THE FIRST PART

- AND -

_________________________ of ________________________________________
(the "Grantee")

OF THE SECOND PART

Background
A.  The Grantor is the registered owner of the estate in the following described property (the "Property") located at ________________________________________ in ____________________, State of Georgia, United States with the following legal description:
as described in the attachment

B.  Any buildings or structures on the Property and anything now or later attached or fixed to the buildings or the Property including additions, alterations and improvements located on, above or below the surface of the Property are covered by this Deed. However, no additions, alterations or improvements will be made by the Grantor without the Grantee's prior written consent. Any addition, alteration or improvement will be subject to all recorded easements, rights of way, conditions, encumbrances and limitations, and to all applicable building and use restrictions, zoning laws and ordinances, if any, affecting the Property.

IN CONSIDERATION OF the sum lent to the Grantor by the Grantee, in the amount of $_______________ U.S. DOLLARS (the "Principal Amount") the receipt of which the Grantor does hereby acknowledge itself indebted, the parties to this Deed agree as follows:

1. Security Instrument
   
1. The Grantor does hereby grant and convey to the Grantee and the Grantee’s assigns and successors, the Property described herein in order to secure to the Grantee:
   
   1. the repayment of the Principal Amount and any interest, late charges or any other sums due under this Deed; and
      
   2. the performance of the Grantor’s covenants and agreements under this Deed.
      
2. Governing Law
   
2. This Deed will be governed by both the law of Georgia and any applicable federal law ("Applicable Law").  All rights and obligations contained in this Deed are subject to any requirements and limitations of Applicable Law.
   

3. MATTERS RELATING TO PAYMENT

4. Promise to Pay
   
3. The Grantor, for value received, promises to pay to the Grantee, the Principal Amount, interest and all fees and costs on the terms set out in this Deed or in any amendment, extension or renewal of the Deed and any additional amounts secured by this Deed on the terms elsewhere provided for such debts and liabilities.
   
4. Interest
   
4. The Grantor agrees to pay the Principal Amount with interest before and after maturity and before and after default at the rate of _______________ percent calculated per annum and compounding annually (the "Interest Rate"). The Interest Rate will be calculated from the date this Deed begins (the "Interest Adjustment Date") and accrues until the whole of the Principal Amount is paid. The Loan will be repaid on the following terms:
   
   1. the Principal Amount and interest will be repaid in consecutive monthly installments of $_______________ each on the 1st of each month;
      
   2. the Interest Adjustment Date for this Deed is June 10, 2026; and
      
   3. the balance, if any, of the Principal Amount and any interest thereon and any other moneys owing under this Deed will be due and payable on June 10, 2026 (the "Maturity Date").
      
5. Place of Payment
   
5. The Grantor will make monthly payments at ________________________________________ or at a location later specified by the Grantee.
   
6. Funds for Escrow Items
   
6. The Grantor will pay to the Grantee, on the day periodic payments are due under this Deed, a sum (the "Funds") to provide for payment of:
   
   1. all taxes, assessments and other charges against the Property;
      
   2. ground rents or other lease payments on the Property; and
      
   3. premiums for any and all insurance required by the Grantee.
      
7. If there is a surplus of Funds held in escrow, the Grantee will provide the Grantor with the excess funds in accordance with the Real Estate Settlement Procedures Act (the "RESPA"). If there is a shortage of Funds held in escrow, the Grantee will notify the Grantor as required by the RESPA, and the Grantor will pay to the Grantee the amount necessary to make up the shortage in accordance with the RESPA.
   
8. The Grantor will notify the Grantee of all amounts to be paid under this section. At the Grantee's discretion, the Grantor will provide receipts of such payments to the Grantee. If the Grantor fails to make timely payments the Grantee can, at its discretion, make any payments for past due escrow items and the Grantor will be obligated to repay to the Grantee any such amount. The Grantee may waive the Grantor's obligation to pay for any or all escrow items to the Grantee through written notice. If such waiver occurs, the Grantor is responsible to pay the amounts due for any escrow items. The Grantee can at any time revoke the waiver of any or all escrow item payments by written notice to the Grantor, and upon such revocation, the Grantor will pay to the Grantee all Funds, and in such amounts, that are then required under this section.
   
9. The Grantee will collect and hold the Funds in accordance with the RESPA. The Grantee will reasonably estimate the amount of Funds due in accordance with Applicable Law.
   
10. If there is a surplus of Funds held in escrow, the Grantee will provide the Grantor with the excess funds in accordance with the RESPA. If there is a shortage of Funds held in escrow, the Grantee will notify the Grantor as required by the RESPA, and the Grantor will pay to the Grantee the amount necessary to make up the shortage in accordance with the RESPA.
    
11. Obligation to Pay without Set-off or Delay
    
11. The Grantor agrees to pay all amounts payable pursuant to this Deed and all additional amounts secured by this Deed without abatement, set-off or counterclaim. Should the Grantor make any claim against the Grantee either initially or by way of abatement, set-off or counterclaim, the Grantor agrees that any such claim will not diminish or delay his obligations to make the payments as provided in this Deed.
    
12. Application of Payments and Interest after Default
    
12. All monthly payments received by the Grantee will first be applied in payment of the interest calculated at the Interest Rate, and second in payment of the Principal Amount. However, if the Grantor is in default, then the Grantee will apply any payments received during this period as the Grantee chooses. If the Grantor is in default in payment of any amount including interest, interest will be payable on the interest and other arrears at the Interest Rate compounded monthly.
    
13. Cancellation
    
13. Upon full payment of the Principal Amount, interest, and all other sums secured by this Deed, and upon request by the Grantor, the Grantee will take all necessary steps to cancel this Deed to clear the title to the Property and reconvey the title of the Property to the Grantor. The Grantor will give the Grantee a reasonable time after payment in which to cancel this Deed. The Grantor will be responsible for paying any recordation costs and reasonable cancellation fees charged by the Grantee as permitted under Applicable Law.
    
14. Covenants and Warranties
    
14. The Grantor warrants and agrees that:
    
    1. the Grantor has good title to the Property;
       
    2. the Grantor has the authority to grant and convey the Property;
       
    3. on default, the Grantee will have quiet possession of the Property;
       
    4. the Property is free from all encumbrances except recorded encumbrances;
       
    5. the Grantor will defend the title to the Property against all claims and demands, except for recorded encumbrances; and
       
    6. the Grantor will execute further assurance of the Property as will be required.
       
15. Additional Covenants of Leasehold Property
    
15. If the Grantor has a leasehold interest in the Property, the Grantor warrants and agrees that:
    
    1. the Grantor has good and marketable leasehold title to the Property;
       
    2. the Grantor has a good, valid and subsisting lease (the "Lease") of the Property and has given to the Grantee a full and complete copy of that Lease;
       
    3. all rents and other monies payable under the Lease have been paid and the Grantor is not otherwise in default under any obligation set out in the Lease;
       
    4. the Grantor does not require the consent of the landlord to grant or convey his leasehold interest in the Property, or if required, have already obtained the consent of the landlord;
       
    5. the Grantor will pay rent and perform and observe all other obligations under the Lease;
       
    6. the Grantor will not encumber or surrender the Lease or cause or allow it to be terminated or forfeited;
       
    7. the Grantor will not agree to any amendment of the Lease without first obtaining the Grantee's written consent; and
       
    8. the Grantor will renew the Lease as necessary to protect the Grantee's interest and the Deed will extend to any such renewal.
       
16. Fixtures and Additions
    
16. The Grantor agrees that the Property includes all property of any kind that is now or at any time in the future attached or fixed to the land or buildings or placed on and used in connection with them, as well as all alterations, additions and improvements to the buildings.
    
17. Payment of Taxes and Other Encumbrances
    
17. The Grantor will pay all taxes and other rates levied on the Property and all accounts for utilities supplied to the Property and all charges, trusts, liens and other encumbrances on the Property when they are due and comply with his other obligations under them. Upon the Grantee's request, the Grantor will immediately give receipts showing that the taxes and other accounts have been paid.
    
18. No Sale Without Consent
    
18. The Grantee will not sell, transfer, lease or otherwise dispose of all or any part of the Property or any interest in the Property, or if a corporation, permit a change in control, without the Grantor's prior written approval and if approved, without such approved purchaser, transferee or lessee entering an assumption agreement in a form satisfactory to the Grantee. Acceptance of any payments from a purchaser, transferee or lessee or after a change in control not approved in writing, will not constitute an approval or waiver by the Grantor.
    
19. Property Insurance
    
19. The Grantor will insure in the Grantee's favor all buildings on the Property that are the subject of the Deed. The insurance will include protection against damage by fire and other perils including "extended peril coverage" and any other perils that the Grantee requests. The insurance must cover replacement costs of any buildings on the Property in US dollars. The Grantor will choose the insurance company subject to the Grantee's right to disapprove. The insurance policies will include a standard trust clause stating that any loss is payable to the Grantee. This Deed will be enough proof for any insurance company to pay any claims to the Grantee and to accept instructions from the Grantee regarding any insurance claims.
    
20. The Grantor will provide the following at the request of the Grantee:
    
    1. a copy of the insurance policy;  
       
    2. receipts of all paid insurance premiums; and
       
    3. renewal notices and evidence of renewal completion.
       
21. In the event of loss, the Grantor will provide prompt notice to the Grantee and the insurance carrier. The Grantor will provide the Grantee with proof of all claims at the Grantor's own expense and do all necessary acts to enable the Grantor to obtain all insurance proceeds from the claim. The insurance proceeds, in whole or in part, will be applied to the restoration and repair of the Property, if the restoration and repair is economically feasible. If the restoration and repair is not economically feasible, the insurance proceeds will be applied to the remainder of the Deed, whether or not the balance of the Deed is then due. Any remaining funds from the insurance claim will be paid to the Grantor.
    
22. Repair, Vacancy and Maintenance of the Property
    
22. The Grantor will maintain the Property in good order, condition and repair and will promptly make all necessary repairs, replacements, and improvements. The Grantor will not allow the Property to become or remain vacant without the written consent of the Grantee. The Grantor will not commit waste and will not remove, demolish or materially alter the Property or any part of it without prior written consent from the Grantee. The Grantee may, whenever necessary, enter upon and inspect the Property. If the Grantor, or anyone claiming under the Grantor, neglect to keep the Property in good condition and repair, or commit any act of waste on the Property, or do anything by which the value of the Property is diminished, as to all of which the Grantee will be sole judge, the Grantee may (but is not obliged to) enter the Property and effect such repairs or work as it considers necessary.
    
23. Environmental Hazards
    
23. The Grantor will not use, store, release, deposit, recycle, or permit the presence of hazardous substances on the Property, generally accepted items for residential use excepted, which includes but is not limited to asbestos, PCBs, radioactive materials, gasoline, kerosene, or other flammable petroleum products (the "Hazardous Substances"). The Grantor is also prohibited from performing any acts on the Property involving any Hazardous Substances that would materially affect the value of the Property or would require clean-up or remedial action under federal, state, or local laws and codes.
    

24. DEFAULT AND REMEDIES

25. Grantor Right to Quiet Possession
    
24. Until default by the Grantor under this Deed, the Grantor will have quiet possession and receive the rents and profits from the Property.
    
25. Events of Default
    
25. The Grantor will be in default under this Deed upon the happening of any of the following events:
    
    1. if the Grantor defaults in the payment of the Principal Amount, interest or any other amount secured by this Deed, when payment of such amount becomes due under the terms of this Deed or as elsewhere provided for any other amount secured by this Deed;
       
    2. if the Grantor defaults in the observance or performance of any term or covenant which the Grantor has agreed to observe or perform under this Grantor or elsewhere;
       
    3. if any information or statement the Grantor has given or made before, at or after signing the Deed, in respect of the Property or the Grantor's affairs is incorrect or untrue at the time it was given or made;
       
    4. if the Grantor ceases or threatens to cease to carry on in a sound businesslike manner, the business in which the Grantor ordinarily conducts on, or with respect to all or any part of, the Property;
       
    5. if the Property is a condominium unit or units, a vote authorizes termination of the condominium or the sale of all or substantially all of the condominium corporation's assets or its common elements or the condominium corporation fails to insure the unit and common elements;
       
    6. if a petition in bankruptcy is filed against the Grantor, if the Grantor makes a general assignment for the benefit of the creditors, if a receiver, interim receiver, monitor or similar person is placed or is threatened to be placed in control of or for the overview of the Grantor's affairs or Property, or in the opinion of the Grantee, the Grantor becomes insolvent;
       
    7. if a construction or similar lien is registered against the Property or if default occurs under any other lien, trust or other encumbrance existing against the Property;
       
    8. if the Grantor abandons or does not visibly and consistently occupy the Property; or
       
    9. if the Property or a material part of the Property is expropriated.
       
26. Acceleration on Default
    
26. If at any time the Grantor should be in default under this Deed, then the Principal Amount, interest and all amounts secured by this Deed will, at the option of the Grantee, become due and payable immediately.
    
27. If at any time the Grantor is in default and the Grantee does not require the Grantor to pay immediately in full as described above, the Grantee will retain the right to seek full immediate payment if the Grantor is in default at a later time. Any forbearance on the part of the Grantee upon default, which includes but is not limited to acceptance of late payment, acceptance of payment from third parties, or acceptance of payments less than the amount then due, will not constitute as waiver to enforce acceleration on default.
    
28. In the event that the Grantee elects to accelerate the Deed, the Grantee will provide notice to the Grantor in accordance with Applicable Law.
    
29. Additional Charges
    
29. The Grantor may be charged with fees in association with the default of this Deed or for the protection of the Grantee's interest for this Deed, which may include, but is not limited to attorneys' fees and property inspections (the "Additional Fees"). The absence of specific charges which may be levied against the Grantor in this Deed does not preclude the Grantee from charging such costs as Additional Fees. However, the Grantee will not charge any fees which are prohibited by Applicable Law and the Grantee will not charge any fees above and beyond the amount or percentage allowed under the Applicable Law. Any amount disbursed by the Grantee in relation to the protection of the Grantee's security will become Additional Fees payable by the Grantor. The Additional Fees will carry an interest rate of _______________ percent per annum, compounding annually. The Additional Fees' total including interest will become due upon written request by the Grantee.
    
30. Protection of Grantee's Security
    
30. If at any time the Grantor should fail to uphold the covenants in this Deed, or if a legal proceeding commences which materially affects the Grantee's interest in the Property, the Grantee may pay or perform any reasonable action as necessary to protect the Grantee's interest, which includes, but is not limited to:
    
    1. payment of insurance premiums, taxes, and levies accruing against the Property;
       
    2. payment of sums due secured by a prior lien which has priority over this Deed;
       
    3. payment of legal fees in relation to any legal proceedings or legal costs arising from the Property; and
       
    4. payment of reasonable costs in repairing and maintaining the Property.
       
31. Any action referred to in this section is optional for the Grantee and the Grantee has no duty or obligation to carry out any of the remedies listed in this section and will not incur any liability in the failure to perform such tasks.
    
32. Any amount disbursed by the Grantee in relation to the protection of the Grantee's security will become Additional Fees payable by the Grantor.
    
33. Power of Sale
    
33. If at any time the Grantor should be in default under this Deed, the Grantee will have the right to foreclose and force the sale of the Property without any judicial proceeding. Any delay in the exercising of this right will not constitute as waiver on the part of the Grantee to exercise this option at a subsequent time should the Grantor remain in default or if the Grantor becomes default again in the future.
    
34. Remedies on Default
    
34. The Grantee will have the right to pursue all remedies for the collection of the amounts owing on this Deed that are provided for by Applicable Law, whether or not such remedies are expressly granted in this Deed, including but without limitation foreclosure proceedings.
    
35. If the Grantee invokes the power of sale, the Grantee will execute a written notice of the event of default and the Grantee's election to sell the Property. The Grantee will mail copies of the notice as prescribed by Applicable Law to the Grantor and other persons as required by Applicable Law. The Grantee will give public notice of the sale to the Grantor in the manner provided for by Applicable Law. After the time required by Applicable Law, the Grantee, without demand on the Grantor, will sell the Property at public auction to the highest bidder, at the time and place and subject to the terms indicated in the notice of sale. The Grantee may postpone sale of the Property by public announcement at the time and place of any scheduled sale.
    

36. MISCELLANEOUS MATTERS

37. Interpretation and Headings
    
36. Headings are inserted for the convenience of the parties and are not to be considered when interpreting this Deed. Words in the singular mean and include the plural and vice versa. Words in the masculine gender mean and include the feminine gender and vice versa. Words importing persons include firms and corporations and vice versa.
    
37. Severability
    
37. If any provision of this Deed will be held invalid or be prohibited by the Applicable Law, such provision will not invalidate the remaining provisions of this Deed and such provision of the Deed will be amended or deleted as necessary to comply with the Applicable Law.
    
38. Nothing contained in this Deed will require the Grantor to pay or for the Grantee to accept interest in an amount greater than that allowed by Applicable Law. If the payment of interest or other amounts under this Deed would otherwise exceed the maximum amount allowed under Applicable Law or violate any law as to disclosure or calculation of interest charges, then the Grantor's obligations to pay interest or other charges will be reduced or amended to the maximum rate or amount permitted under Applicable Law.
    
39. Joint Signatures
    
39. If the Grantor is more than one person or legal entity, each person or legal entity who signs this Deed will be jointly and severally bound to comply with all covenants and obligations of the Grantor and the said covenants and obligations will bind all of the Grantor's successors and permitted assigns. The Deed will enure to the benefit of the Grantee and the Grantee's successors and assigns.
    
40. Statutory Covenants
    
40. The covenants contained in this Deed are additional and supplemental, to the extent permitted by law, to the covenants set out in the Applicable Law regarding security deeds.
    
41. Substitute Grantee
    
41. The Grantee may, at its option, from time to time appoint a new Grantee by an instrument executed and acknowledged by the Grantor and recorded in the office of the recorder of the county in which the Property is located. The instrument will contain the name of the original Grantee and Grantor, the book and page where the Deed is recorded and the name and address of the successor grantee. The successor grantee will succeed to all the title, powers, and duties conferred upon the Grantee.
    
42. Demands and Notices
    
42. Any notice given by either party in this Deed must be in writing. Unless otherwise provided in this Deed or prohibited by law, where this Deed allows or requires the Grantee to make a demand on or give a notice to any person (including the Grantor), the Grantee will make the demand or give the notice by:
    
    1. delivering it to the person at the Property or person's last known address;
       
    2. by mailing it by prepaid registered mail addressed to the person at the Property or the person's last known address;
       
    3. by sending it by facsimile to the person's last known number; or
       
    4. where the person is a corporation, by so delivering or sending it to the last known address or number of a director, officer, employee or attorney of the corporation.
       
43. Any party in this instrument whose address has changed are responsible for notifying the other respective parties of the change in address.
    
44. Any notice or demand delivered as described will constitute as sufficient delivery. Any notice, demand, mail and facsimile (the "Notice") made will constitute as being effective on the same day that it was sent, unless the day in which the Notice was sent falls on a national holiday, Saturday or Sunday, in which case, the next business day would be considered as the day of receipt.
    

IN WITNESS WHEREOF the Grantor has duly affixed his or her signature under hand and seal on this 10th day of June, 2026