Set forth the steps that a creditor must take to become a secured party.

To become a secured party, the creditor must gain a security interest in the collateral of the debtor. The secured party must take the following three steps to create a security interest: (1) The two parties create a security agreement and either (a) there is a record of the security agreement (usually a written agreement that describes the collateral and is signed by the debtor) or (b) the secured party is in possession of the collateral; (2) The secured party must give value to get the security agreement; and (3) The debtor has a right in or to the collateral.