Assignment (Sale) by a Mortgage Lender (Assignor) to a Purchaser (Assignee) of the Mortgage Lender's rights in a Mortgage
Details:
Assignment (Sale) by a Mortgage Lender (Assignor) to a Purchaser (Assignee) of the Mortgage Lender's rights in a Mortgage.
Form Outline:
Assignment of Mortgage
(Absolute)
THIS ASSIGNMENT...
WHEREAS:
By a mortgage dated Date of Mortgage (the "Mortgage"), and on Date of Registration/Recordal of Mortgage, as Registration/Recordal Number of Mortgage, Name of Borrower under Mortgage (Mortgagor) (the "Mortgagor") mortgaged the property....
There is now owing upon the Mortgage for principal...
The Assignor has agreed to assign the Mortgage to the Assignee;
NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
1. The Assignor hereby assigns, transfers and sets over...
2. The Assignor makes this assignment to...
3. The Assignor hereby covenants with the Assignee that the Mortgage is...
4. The Assignee may collect, realize, sell or...
5. The Assignor shall from time to time forthwith on the Assignee's request do...
6. The provisions hereof shall enure...
Date: Date of Assignment
Real Estate Forms