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Retention Of Title By Payee
RETENTION OF TITLE BY PAYEE
The title to the property described above shall remain in payee until this instrument or any renewals hereof are fully paid in cash. On the default of maker in the payment of any of the installments of this instrument, payee, may at [his or her] option, enter the premises of maker or any premises where the property may be found, and payee may remove the property from the premises where it is found without hindrance or without making demands of any kind. Payee may retain the money paid on this instrument, even though the property has been reclaimed by [him or her], to the extent necessary to pay for the depreciation that occurred to the property prior to the time of retaking.
This is a UCC form. It is intended
to be an addendum to other forms.