This mortgage was recorded [list where and when mortgage was signed].
This mortgage secures a note or other obligation of the mortgagor to the Assignor in the original principal sum of $[e.g. 125.000.00].
Assignor has assigned this mortgage and obligation to [list name of person the mortgage will be assigned to - the "assignee"], an individual with an address of [list address of assignee] ("Assignee").
Therefore, in consideration of $[e.g. 50.000.00] and other good and valuable consideration paid by Assignee, the receipt of which is acknowledged, Assignor hereby assigns, transfers and sets over to Assignee all right, title and interest of Assignor in and to the above mortgage, together with the note or other obligation described therein and all moneys due and to become due thereon.
To have and to hold the same to the Assignee and the Assignee's heirs, successors and assigns forever.
And Assignor does hereby appoint Assignee its attorney in fact, in Assignor's name but at Assignee's sole expense, to take all proper means to recover the above indebtedness, and upon payment to release and discharge the mortgage as fully as Assignor could do had this Assignment not been made.
Assignor covenants with Assignee that there is now owing on such mortgage the principal sum of $[list amount of money currently owed on moretgage] with interest at [e.g. prime rate plus 2.00, or 12.00, etc] percent per annum, and that Assignor has good right to assign the same to Assignee.
IN WITNESS WHEREOF, This Assignment of Mortgage is executedIn _______________, on the _____________ day of ____________, 19___, before me, a Notary Public in and for the above state and county, personally appeared [list name of assignor], known to me or proved to be the person named in and who executed the foregoing instrument, and being first duly sworn, such person acknowledged that he or she executed said instrument for the purposes therein contained as his or her free and voluntary act and deed.
under seal on the__________day of_________________, 19_____.
Executed in the presence of:
______________________________ ____________________________(Seal) (Signature of witness) [list name of assignor]
______________________________ (Signature of witness) STATE OF _____________________
COUNTY OF ____________________
_______________________________ NOTARY PUBLIC
My Commission Expires: ________
After recording, return to:_____________________________________