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Assignment of Mortgage

THIS ASSIGNMENT OF MORTGAGE hereinafter referred to as the "Assignment" is made as of this ______ day of _______, 20__ by ________, whose address is ________, hereinafter referred to as the "Assignor" for the benefit of ________, whose address is ________ hereinafter referred to as the "Assignee".

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 caveat 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. Headings. Paragraph headings contained herein are for convenience of reference only and are not to be used in the construction or interpretation hereof.

4. The Assignee agrees to perform all of the obligations of the Assignor and receive all of the benefits of the Assignor under this Assignment. Assignee agrees to indemnify and hold the Assignor harmless from any claim which may result from the Assignee's failure to perform under this contract after the date of this Assignment.

5. Further Assurances. From time to time each party shall execute and deliver such further instruments and shall take such other action as any other party may reasonably request in order to discharge and perform their obligations and Assignment hereunder and to give effect to the intentions expressed in this Assignment.

6. Severability. Should any Court hold that any portion of this Assignment is invalid, the remainder shall be in full force and effect, and the invalid portion shall be struck from the Assignment or modified as the Court shall order.

7. Representations. Neither party has made any representations nor promises, other than those contained in this Assignment or in some further writing signed by the party making the representation or promise.

8. This Assignment binds and benefits both parties and any successors. This document, including any attachments, is the entire Assignment between the parties.

9. Governing Law. This Assignment shall be governed, construed and interpreted by, through and under the laws of the State of ________.

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed in triplicate on the day and year first above written.

[Signature]

[Assignee]

[Name]

[Signature]

[Assignor]

[Name]

ACKNOWLEDGEMENT BY NOTARY PUBLIC

State of ________)

) SS.:

County of________)

On ________, before me, ________, Notary Public, personally appeared ________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) and that by his/her/their signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under the PENALTY OF PERJURY under the laws of the State of _________ that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

[signature]

Name of Notary

Notary Public

My Commission Expires