Assignment Of Mortgage

THIS ASSIGNMENT OF MORTGAGE (hereinafter referred to as the "Assignment") is made as of this __ day of _____, 20___ by ________, whose address is _____________ (hereinafter referred to as the "Assignor") for the benefit of _________, whose address is ____________ (hereinafter referred to

W I T N E S S E T H :

WHEREAS, Assignor is the holder of that certain Mortgage together with the debt and Note secured thereby, in the original principal sum of __________ Dollars ($_________) given by _________ as "Mortgagor", which Mortgage is recorded on the Public Records of _______ County, ________ at O.R. Book ___, Page ____ and which Mortgage encumbers and is a lien upon that

certain real property described in Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as the "Premises"); and,

WHEREAS, Assignor is desirous of assigning said Mortgage, together with the Note and the debt therein described, to Assignee; and

WHEREAS, Assignee is desirous of receiving and holding said Mortgage, together with the Note and the debt therein described, from Assignor.

NOW, THEREFORE, for and in consideration of the sum of ___llars ($___) paid by Assignee, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, Assignor does hereby make the following assignment:

1. Assignment. Assignor has granted, bargained, sold, assigned, conveyed and transferred, and by these presents does grant, bargain, sell, assign, convey and transfer unto Assignee, its heirs, successors and assigns, forever all of its right, title and interest in, to and under said Mortgage described above, together with the debt and Note secured thereby; together with any and all rights, interests and appurtenances thereto belonging; subject only to any right and equity of redemption of said Mortgagor, its successors or assigns in the same.

2. Warranties and Representations. Assignor hereby warrants and represents that it is the present holder of the above described Mortgage and that there are no other holders of said Mortgage or any interest therein nor is there any default by mortgagor therein or in the note and debt secured thereby.

3. Governing Law. This Assignment shall be governed, construed and interpreted by, through and under the laws of the State of ______.

4. Headings. Paragraph headings contained herein are for convenience of reference only and are not to be used in the construction or interpretation hereof.

IN WITNESS WHEREOF, Assignor has executed and delivered this Assignment to Assignee on the date hereof.

Witnesses: "Assignor"

___________ ___________,

_______________________

STATE OF ______)

)

COUNTY OF _____)

THE FOREGOING instrument was acknowledged before me this __ day of _________, 20 , by _________.

_________________________

Notary Public

My Commission Expires: _______

Contract law requirements

Bankruptcy  Bill of Sale  Construction  Debt  Wills Rent  POA  Trademarks  Notes  How To Prepare Forms

Twitter Share with Twitter Facebook Share with Facebook Google+ Share with Google+ LinkedIn Share with LinkedIn
AboutClausesContact UsDisclaimerLink to UsPrivacy PolicyTerms of Use


© Business Associates Inc