Assignment of Mortgage as Security

This Assignment of Mortgage as Security will assign the security in a mortgage as collateral. This agreement is between the mortgage holder (the “assignor”) and the individual to whom the mortgage is assigned (the “assignee”) and sets out the terms of the assignment. These terms include the name of the borrower, address of the property and the principal amount owing on the mortgage. It is important that this type of business transaction be set out in writing. A written Assignment of Mortgage as Security will prove invaluable if the parties have future disagreements or misunderstandings.

This Assignment of Mortgage as Security includes the following:

• Parties: The identities of the assignor and assignee;
• Mortgage Information: Date and recording information of mortgage, borrower's name, address of mortgaged property, original mortgage amount and the amount currently owed;
• Security: Mortgage has not been discharged by assignor;
• Signatures: Both parties must sign the mortgage assignment in front of witnesses.

This attorney-prepared packet contains:

1. General Instructions
2. Assignment of Mortgage as Security

State Law Compliance: This form complies with the laws of all states

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• Number of Pages:

   5

• File Types Included:

  
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