USA lenders, assign a portion of your interest in a Deed of Trust to another party with this easy-to-use Partial Assignment of Deed of Trust and Note.
- The assignor gives representations to the assignee regarding the principal amount owing, the interest rate, and the amount of the monthly payments.
- The partial interest is being transferred to the assignee until a certain amount has been paid by the borrower, after which the assignee will transfer full interest back to the assignor.
This USA Partial Assignment of Deed of Trust and Note is provided in MS Word format, and is easy to download, fill in and print.
PARTIAL ASSIGNMENT OF DEED OF TRUST AND NOTE KNOW ALL BY THESE PRESENTS, that on this _____ day of __________________, _________, for valuable consideration, the receipt of which is hereby acknowledged, ____________________________________ (hereinafter referred to as the “Assignor”) of ____________________________________________ [address], _____________________ [city], ______________ [state], ___________ [zip code], does hereby grant, bargain, sell, assign, convey, transfer, and set over unto _____________________________________(hereinafter referred to as the “Assignee”) of _____________________________ [address], _____________________ [city], ______________________ [state], _____________ [zip code], part of its rights, title, and interest in and to the Promissory Note and Deed of Trust dated the _________ day of ________________________, ____________. Such Note and Deed of Trust were originally granted to the Assignor by _______________________ [insert name of borrower], of _____________________________ [address], _____________________ [city], ______________________ [state], _____________ [zip code], and provided for repayment of an obligation in the original principal amount of _______________ DOLLARS (USD $_______________), payable in ______________ (______) [insert number of installments in both words and numerals] installments of ________________ DOLLARS (USD $_________) each, beginning on the ___________ day of ____________________, ___________, with a final balloon payment of __________________ DOLLARS ($______________) due and payable on the _________ day of _____________________, __________. Said Promissory Note and Deed of Trust were recorded on the _____ day of _______________, _______, in Book ______________, Page(s) _________________, at the Office of the Recorder of ____________ County, State of ___________________, upon the following described parcel of land: Legal Description: Address: Assignor hereby represents, covenants, and warrants that there is now owing upon said Promissory Note and Deed of Trust, without offset or defense of any kind, the principal sum of ____________________ DOLLARS, (USD $____________________), with interest thereon at a rate of ______________ percent per annum (__________________%/annum), from the ________ day of _____________________, __________. This Assignment of Deed o
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