Real Estate Assignment of Note and Deed for Debt of Third Party
Real Estate Assignment of Note and Deed for Debt of Third Party
This Real Estate Assignment of Note and Deed for Debt of Third Party ("Assignment") is made effective as of [Month, Day, Year] by and between [Your Company Name] ("Assignor"), a real estate company organized and existing under the laws of [California], and [Recipient Name] ("Assignee"), an individual/entity.
WHEREAS, Assignor holds a promissory note (the "Note") dated [Date], in the original principal amount of [$0], executed by [Debtor Name], and secured by a deed of trust (the "Deed of Trust") dated [Date], recorded in the office of the County Recorder of [Orange County], [California], in Book [890], Page [765], securing the payment of the Note.
WHEREAS, Assignor desires to assign to Assignee all of its right, title, and interest in and to the Note and the Deed of Trust.
NOW, THEREFORE, in consideration of the premises and the covenants herein contained, Assignor hereby assigns, transfers, and conveys to Assignee all of its right, title, and interest in and to the Note and the Deed of Trust, including without limitation, the right to receive all payments of principal and interest due or to become due thereunder, and the right to enforce the terms thereof, with full power to Assignee to do all acts and things necessary or expedient to enforce or collect the Note and the Deed of Trust.
Assignor warrants and represents to Assignee that it has good and marketable title to the Note and the Deed of Trust, free and clear of all liens, encumbrances, or adverse claims of any nature whatsoever, except as specifically provided herein.
Assignee agrees to indemnify and hold harmless Assignor from and against any and all claims, losses, liabilities, damages, costs, and expenses, including reasonable attorneys' fees, arising out of or in connection with any breach of the representations and warranties contained herein.
This Assignment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
This Assignment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
In witness whereof, the parties hereto have executed this Assignment as of the date first above written.
[Real Estate Agent]
[Your Company Name]
Accepted and agreed
[Recipient's Company Name, if applicable]
[Month, Day, Year]
