23. As security for a loan, Merchant conveys to Lender a sec…

23. As security for a loan, Merchant conveys to Lender a security interest in his “inventory and stock on hand” at a designated location.  The Merchant has signed the security agreement and the financing statement. After the date of the security agreement, the Merchant realized the agreement did not have an “after-acquired property” clause.  Does such description of the items under the security agreement confer upon the Lender a security interest?