Assignment of Note and Deed for Debt of Third Party

After Recording Return to: 

 

 

 

 

 

 

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—-Above This Line Reserved For Official Use Only—–

ASSIGNMENT OF NOTE AND DEED OF TRUST AS SECURITY FOR DEBT OF THIRD-PARTY

STATE OF _____________________

COUNTY OF ______________________

FOR VALUE RECEIVED, the undersigned hereby transfers, sets over, and assigns unto the  ____________________________ all of its right, title, and interest in and to the following;

Promissory Note, dated this date, in the original principal amount of

$ _____ , executed by _____________________  in favor of _______________________________________ .

Deed of Trust dated this date, executed by _________________in favor of

_______________________, and filed for record on ______________, ________  , in Book _____ at Page _____, et seq. in the ______________ of __________ County, _______________.

This assignment is made to secure an indebtedness of  _______________  to __________________ dated ______________ in a principal amount not to exceed $___________________ plus applicable interest and collection fees and costs. In no event shall the note and deed of trust assigned stand as collateral for any other indebtedness of _____________ without the consent of the undersigned.

The undersigned is not personally obligated on the debt described in the preceding paragraph but is only pledging security for said debt, in consideration for ____________________ extending credit to .

Notice of default of the debt from ____________ to ______________ shall be given to the undersigned.

IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed and its seal affixed by its duly authorized officer this ______ day of _________________, ________.

(INDIVIDUAL)

____________________________________

Signature

(NAME OF CORPORATION)

By: ____________________________________

Its: ____________________________________

(NAME OF PARTNERSHIP)

By: ____________________________________

Partner

By: ____________________________________

Partner

By: ____________________________________

Partner

Add appropriate acknowledgment for your State.

State Specific Real Estate Forms

–For State Specific Real Estate Forms you can download in Word format, go to http://www.uslegalforms.com/realestate/


Inside Assignment of Note and Deed for Debt of Third Party