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 ($_________) given by _____________________________________
as "Mortgagor", which Mortgage is recorded
on the Public Records of _________________ County,
_____________ at O.R. Book ________, Page ________
and which Mortgage encumbers and is a lien upon that
certain real property described in Exhibit "A"
attached hereto and by this reference made a part
hereof (hereinafter referred to as the "Premises");
and,
WHEREAS, Assignor is desirous of assigning said
Mortgage, together with the Note and the debt therein
described, to Assignee; and
WHEREAS, Assignee is desirous of receiving and holding
said Mortgage, together with the Note and the debt
therein described, from Assignor.
NOW, THEREFORE, for and in consideration of the
sum of ________________________________ Dollars ($___________)
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: _______
NOTICE
The information in this document is designed to
provide an outline that you can follow when formulating
business or personal plans. Due to the variances by
many local, city, county and state laws, we recommend
that you seek professional legal counseling before
entering into any contract or agreement.
