can some one please explain this term found in a loan agreement

dimanche 22 février 2015

the term is as follows

“This agreement shall not be secured by any charge on land which has been or may be granted by you or any other person”
i have trawled the net but haven't found the answer

the loan was an unsecured loan now made secure by way of a charging order

thank you in advance

albert





can some one please explain this term found in a loan agreement

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