Free Legal Forms and Letters

Home  |  List of all forms  |  FREE Service from is123.org

 

Free Legal Forms and Letters

 

 

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: _______