Bill Of Sale with Encumbrances
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which
being hereby acknowledged, and in consideration of the payment of the sum of
$___________, the undersigned______________________________ (the "Seller") does hereby sell and transfer to____________________________ (the "Buyer") the following chattels and personal property:
The Seller warrants that it has good title to said property, but that said property is being sold subject to a certain security interest or lien on said property in favor of ___________________________, (the "secured debt"), with a balance thereon of $___________.
The buyer agrees to assume and pay said secured debt and to indemnify and save harmless the Seller from any claim thereon.
Dated this_____ day of____________________, 201(x).