Nebraska Borrower Security Agreement between ADAC Laboratories and ABN AFRO Bank is a legal document that establishes the terms and conditions surrounding a loan agreement between ADAC Laboratories, a company based in Nebraska, and ABN AFRO Bank. This agreement ensures the bank's protection by providing them with collateral in the event of default or non-payment by ADAC Laboratories. Keywords: Nebraska, Borrower Security Agreement, ADAC Laboratories, ABN AFRO Bank, loan agreement, terms and conditions, collateral, default, non-payment. There may be different types of Nebraska Borrower Security Agreement between ADAC Laboratories and ABN AFRO Bank, such as: 1. Real Estate Mortgage: This type of security agreement involves the borrower offering their real estate property as collateral for the loan. In case ADAC Laboratories fails to meet its payment obligations, ABN AFRO Bank can claim ownership of the property to recover its funds. 2. Equipment Pledge: In this type of Borrower Security Agreement, ADAC Laboratories pledges specific equipment or machinery owned by the company as collateral. ABN AFRO Bank can seize and sell these assets to recoup its losses if ADAC Laboratories defaults. 3. Accounts Receivable Assignment: This agreement involves ADAC Laboratories assigning its accounts receivable, i.e., the outstanding payments it expects to receive from its customers, to ABN AFRO Bank. If ADAC Laboratories fails to repay the loan, the bank can collect payments directly from the assigned accounts. It is paramount for both parties involved to review and thoroughly understand the specific terms stated within the Nebraska Borrower Security Agreement, ensuring compliance and providing legal protection to both ADAC Laboratories and ABN AFRO Bank.