Upon receipt of all sums owing and outstanding under the Loan Documents, Bondowner Representative shall issue a full reconveyance of the. A guarantee and collateral agreement is a contract between a lender and a borrower where the borrower guarantees payment or surrenders collateral.This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. Secured Obligations; Sale and Setoff Rights. "Collateral" shall mean all collateral described in (i) this Borrower Loan Agreement. A mortgage or security agreement using personal property as the collateral. These agreements are recorded in county if real property is affected. A collateral loan agreement is a legal agreement, much like a standard loan agreement, but the borrower has put up assets as security for the loan. Are you looking for a loan agreement form in California? Download our free California Loan Agreement Form which is available as PDF or Word documents.