This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. This is a legally binding Real Estate Purchase Contract ("REPC").You have to include an explicit assignment addendum. ." Utah is a State that believes in the summary enforcement of contract rights. The lender will reach out to the borrower to discuss their situation and try to reach an agreement. Buy out a coowner pursuant to an agreement. • Pay off an installment land contract executed more than 12 months from the loan application date. The top section of a curved, modern building with a glass facade. Asset Management in the Era of Continuous Change.