|
Important
Note:
Forms are to be used as a guide only to assist you. No liability is assumed for errors in substance or form. It is your responsibility to revise the forms to meet current law
requirements and your particular situation. No liability is assumed for improper use of these forms.
|
ASSIGNMENT
OF MORTGAGE
THIS ASSIGNMENT
OF MORTGAGE (hereinafter referred to as the "Assignment") is
made as of this
____ day of ________, 19_____ 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
______________,
19 (22), by ____________.
____________________________
Notary Public
My Commission
Expires: _______
|