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Indiana Assignment of Assets

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Indiana Assignment of Assets Powered By Docstoc
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                             This document is an agreement whereby the assignor assigns and transfers to the
                             assignee all of assignor's rights and interests in and to the described property and assets.
                             As drafted, this agreement is between a stockholder who assigns his or her rights to
                             specific assets and a company which issues shares to the assignor as consideration. This
                             document contains standard clauses but the terms and provisions of this document can be
                             modified to fit the needs of the drafting parties. It should be used by stockholders or other
                             individuals located in Indiana who are seeking to assign certain assets.
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                                 ASSIGNMENT OF MORTGAGE


THIS ASSIGNMENT OF MORTGAGE (hereinafter “Agreement”) is made this _____ [Month]
_____ [Date], 20____ by __________________________ [Instruction: Insert name of assignor],
located at __________________________ [Instruction: Insert the address of assignor]
(hereinafter "Assignor") to __________________________ [Instruction: Insert name of assignee],
located at __________________________ [Instruction: Insert the address of assignee]
(hereinafter "Assignee"). The Assignor and the Assignee may individually be referred to as
“Party”, or, collectively as “Parties”.


       WHEREAS, __________________________ [Instruction: Insert name of borrower]
(hereinafter “Borrower”) executed a mortgage on _____ [Month] _____ [Date], 20____, in
favor of Assignor (the “Mortgage”);


       WHEREAS, Assignor desires to assign, transfer, sell and convey to Assignee all of
Assignor's right, title and interest in, to and under the Mortgage;


       WHEREAS, Assignee desires to receive all of Assignor's right, title and interest in, to
and under the Mortgage;


       NOW THEREFORE, the Parties wish to execute this Agreement on the terms and
conditions set forth below:


TERMS:


1. ASSIGNMENT
   For and in consideration of ___________ ($____) [◊ Instruction: Insert the consideration
   amount E.g., Five thousand dollars ($5000)], the receipt and sufficiency of which is
   hereby acknowledged, Assignor hereby grants, assigns and transfers to Assignee that
   certain Mortgage executed by _______________________ [Instruction: Insert name of
  borrower], and dated, _____ [Month] _____ [Date], 20____, and recorded in
  __________________________ [Instruction: Insert the name of Recording Offices], in
  ______________________ [Instruction: Insert the City], ________________ [Instruction: Insert
  the State], in _________________ [Instruction: Insert the name of Book of Mortgage], at
  page _______ [Instruction: Insert the page number], together with the note desc
				
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posted:12/8/2011
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Description: This document is an agreement whereby the assignor assigns and transfers to the assignee all of assignor's rights and interests in and to the described property and assets. As drafted, this agreement is between a stockholder who assigns his or her rights to specific assets and a company which issues shares to the assignor as consideration. This document contains standard clauses but the terms and provisions of this document can be modified to fit the needs of the drafting parties. It should be used by stockholders or other individuals located in Indiana who are seeking to assign certain assets.
This document is also part of a package Essential Indiana Legal Documents 145 Documents Included