I'm not extremely new to UCC-1'S. I am new to the verbiage and phrasing, as I'm new in position and going through older placed UCC-1's, I'm noticing difference in wordings.  As for blanket leans would "ALL EQUIPMENT NOW OWNED OR HEREAFTER ACQUIRED. ALL RIGHTS TO PAYMENTS." be sufficient I've also seen "and" in place of "or in the "now owned" phrasing.  Also, if the Lender has in place "All inventory, all titled vehicles not filed on but held in file for dealer resale" would we need a seperate UCC-1 for "All inventory now owned or hereafter acquired"?

Welcome to the community, Cassondra! Great questions about UCC-1 language. For blanket liens, "ALL EQUIPMENT NOW OWNED OR HEREAFTER ACQUIRED. ALL RIGHTS TO PAYMENTS" is generally sufficient and commonly used. The "and" vs "or" distinction you mentioned is typically stylistic - "now owned and hereafter acquired" is also acceptable and equally effective. Regarding your inventory question - if the lender already has "All inventory, all titled vehicles not filed on but held in file for dealer resale" properly perfected, you likely wouldn't need a separate UCC-1 for "All inventory now owned or hereafter acquired" since the existing language should cover future-acquired inventory. However, I'd recommend reviewing the specific collateral description and ensuring it adequately covers the scope of inventory you intend to secure. Sometimes consolidating into clearer, more comprehensive language can be beneficial for clarity and enforcement purposes. The key is ensuring your collateral description is sufficiently detailed to put third parties on notice while being broad enough to cover your security interests effectively.