Tennessee Assignment of Mortgage

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                             This is an agreement whereby the lender of a mortgage transfers all of its rights and
                             responsibilities to a new lender. The borrower does not change and its rights and
                             responsibilities remain the same under this agreement. The new lender assumes the role
                             of the original lender by receiving payments and has the power to foreclose on the property,
                             if necessary. It contains both standard clauses as well as opportunities for customization to
                             ensure that the understandings of the parties are properly set forth. This document is ideal
                             for lenders located in Tennessee that want to purchase or sell a mortgage on a specific
                             piece of property.
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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 described
  therein and the money to become due thereon with the interest provided therein.


2. APPLCABLE LAW
  This Agreement shall, in all respects, be governed by the laws of the State of Tennessee
  applicable to agreements executed and to be wholly performed within the state of
  Tennessee.

3. SEVERABILITY
  Nothing contained herein shall be construed so as to require the commission of any act
  contrary to law, and wherever there is any conflict between any provision contained
  herein and any present or future statute, law, ordinance or regulation contrary to which
  the Parties have no legal right to contract, the latter shall prevail but the provision of
  this Agreement which is affected shall be curtailed and limited only to the extent
  necessary to bring it within the requirements of the law.

4. ENTIRE AGREEMENT
  This Agreement constitutes the entire agreement of the Parties with respect to the
  subject matter hereof and supersedes any and all other written or oral negotiations,
  understandings or agreements among the Parties with respect to the rights and
  obligations assumed herein and contains all of the covenants and agreements among
  the Parties with respect to such rights and obligations.




5. HEADINGS
    The captions appearing at the commencement of the paragraphs hereof are descriptive
    only and for convenience in reference. Should there be any conflict between any such
    caption and the paragraph at the head of which it appears, the paragraph and not such
    caption shall control and govern in the construction of this Agreement.

6. COUNTERPARTS
    This Agreement may be executed in two (2) or more separate counterparts, each of
    which, when so executed, shall be deemed to be an original. Such counterparts shall
    together constitute and be one (1) and the same instrument.




IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above
written.




ASSIGNOR                                             ASSIGNEE


___________________________________   ___________________________________


[Instruction: Insert the name of Assignor and Assignee]

								
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