That I the borrower agree that if I fail to meet up with my monthly obligation or default with my payments for 2 (two) consecutive months this agreement serves as a change of ownership of item or items bearing my title or related to my title for the full or final liquidation inclusive of cost of recovery and accrued commission to Pruvia Trading International and thereby indemnifying Pruvia Trading International from any pre-existing encumbrance and obligation due to any of the item for the recovery of all or total due obligation inclusive of total commission, principal amount collected and cost incurred for recovery of my obligation.
That i the Borrower acknowledges that the creditor (Pruvia Trading International) reserves the right at its sole discretion to change, vary or cancel at any time any time, with adequate notice to the borrower, the nature and amount of the facilities as well as the underlying terms, conditions and security arrangement. Therefore notwithstanding anything in this agreement to the contrary, this facility is regarded as payable at anytime at the option of the Creditor (Pruvia Trading International)
This Agreement is binding on all parties without recourse to notarization.