How to fill out a UCC 1 Financing Statement #1

Originally uploaded by Superfar2 (with permission) this version has had its audio enhanced to be understood by laptop speakers with low volume clarity

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Closed Caption:

here we are again
here we are once again we're going to go
into you c c11 yes statement
this right here is the form that is a
nationally accepted
almost all states of
yeah
come to this form
there's a kind of like it
zoom out and what it looks like
and again as in men
it's not coming out to clear
anyway
that's what it looks like
distance education do well
resistance that's what it looks like
good and
basically the debtor it's gonna go right
there after your strawman goes this the
top portion
this metal portion what we did put
but the words my business in that one
this bottom portions where we're going
to put our name and in the correct
spelling and punctuation
appear the debtor is going to be the
straw ban its name is amazing all
capital letters down here in the third
box you can lead to have it
the real man which is your name
but only the first letter is capitalized
and of course
go download murder
we have to collateral box right down
here is box number this is section for
the box for work
this is we're going to read all of our
very birth certificate in there
we're going to put up a proper
everything we owned assets
everything that we want to do
everything that the the debtor strong
being you still has now been come to lux
secured party
kid and that's basically it really
there's only four parts to it and of
course there you have your picture
address
and you have to put your address a
particular way you put your aggressive
here
hey damage
I don't think so
control yourself for the program
yeah
can you say about your address your
dress up in this box so that they can
send you and knowledge meant of that
they have received your CC 1 financing
state
all right that's all there is to it
there's box one box to box 3 box forward
and berries your return address and
you'll notice that the box for all the
collateral down here is kind of small
so what we're also going to do is add an
addendum UCC one addendum it will get
that we'll get to that later
ok
anyway that's what it looks like from a
distance
if you want to zoom in on that different
parts of it
say for instance can do that
I think there's something going on with
the cloudbuster here
okay well anyway we'll build get away
we get this one right here expand it out
so you can see it you can see it's right
here
see you're right there
can actually expand this all the way up
there we go
like that
we're going to keep this side over here
exposed so that i can monitor my
I movie it's recording this right now so
you can see right there and expanded the
whole thing and i can scroll it up and
down
here's box and one right here
in your box - right here
here's box 32 secured party
that's what a real man is going to go
that's your name with only the first
letter of your name capitalized
of course dance teacher is the
collateral box
so you see if i zoom in on these letters
so we can start read some stiff
so you can see this says box for
all the debtors assets
ok
that means everything but the the debtor
has a strong man
everything that the debtor you stone is
now going to go to the secure part you
can see dinners search of debtors assets
land and virtual property
yeah
and wherever located
describe fully in security agreement
number re6 8 01 09 - si
and indeed in a deep bond
back it up
and you
- here and here is that we get a pencil
so we can do so and indemnity bond is it
says right there
Andy bond
yeah
meaning that the reason we have this
security agreement in the identity bond
with listed in here is because of all
set the whole thing reads
all the debtors assets land and personal
property and all the debtors right time