Below are forms in PDF format regarding land trusts that do not necessarily require the assistance of an attorney. These forms are now interactive.This Collateral Agreement ("Agreement") is made this. Property located in Cook County must have a recorded facsimile assignment when lodging an assignment or collateral assignment with the trust. This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. This application is for the benefit of Paxton Hardwoods LLC ("Paxton"), and any of its affiliates or subsidiaries; such parties are authorized to contact. Collateral pledged to Federal Reserve Banks (Reserve Banks) can be used to secure discount window advances and extensions of daylight credit. A guarantee and collateral agreement is a contract between a lender and a borrower where the borrower guarantees payment or surrenders collateral. A ANY TRANSFER OF REAL PROPERTY requires Form 7551 to be completed, regardless if it is exempt or not. 2.