. . . Homer Pty Ltd borrowed $500,000 from the Springeld \\ Bank and granted it a security interest in some of its lnifgfg' Congmgfgs plant and equipment. Homer Pty Ltd failed to pay the deed last two interest instalments. The other day the bank was notied that the directors of Homer Pty Ltd had appointed a voluntary administrator. Advise whether the Springeld Bank is legally entitled to immediately seize the plant and equipment subject to the security interest. Would your answer be different if the Springeld Bank's security interest covered all the assets of Homer Pty Ltd