ASSIGNMENT OF PARTIAL INTEREST IN MORTGAGE KNOW THAT, ________________, hereinafter referred to as "Assignor", in consideration of TEN ($10.00) DOLLARS and other good and valuable consideration paid by_______________, a ________ corporation, hereinafter referred to as "Assignee", hereby assigns unto Assignee, ___________ consecutive monthly payments of $ ____________ commencing ___________, _________, _______due under the Mortgage dated ______________, ________, __________ made by ___________, to __________ in the original principal sum of $_________, and recorded on __________________, ___________, _________, with the___________ County Clerk's Office in Book No. ___________ of Mortgages, at Page ___________, covering all that certain piece or parcel of land situate in the Town of __________, County of and State of ___________ bounded and described as follows: TOGETHER with the bond or note or obligation described in said mortgage, and the monies due and to grow due thereon with the interest; TO HAVE AND TO HOLD the same unto the Assignee and to the successors, legal representatives and assigns of the Assignee until such time as the Assignee has received the payments assigned hereunder as set forth above. AND the Assignor covenants that there is now owing upon said Mortgage, without offset or defense of any kind, the principal sum of ________________________ ($_________), with interest thereon at _________________ (____________%) percent per annum from the_________ day of _____________, ________________. UPON Assignee's receipt of the payments assigned herein, this Assignment shall terminate and Assignee shall have no further right, title and interest in the Mortgage. IN WITNESS WHEREOF, the Assignor has duly executed this Assignment the ______ day of ___________, _____________. _______________________ Assignor _______________________ Signature THIS IS A 2-PAGE FORM.
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