Assignment of Deed of Trust
Assignment of Deed of Trust
This Assignment of Deed of Trust ("Assignment") is made and entered into by and between the Assignor, [Your Name], with a principal business address at [Your Address], and the Assignee, [Assignee Name]. This document transfers the beneficial interest in the property described herein from the Assignor to the Assignee.
I. Parties Information
-
[Your Name] (Assignor)
-
[Assignee Name] (Assignee)
II. Recitals
WHEREAS, Assignor is the present holder of the beneficial interest under that certain Deed of Trust dated on the 20th of January 2050, recorded on the 20th of January 2050, in Book [Book Number], Page [Page Number], of the public records of [County] County, involving the property described as [Legal Description of Property].
WHEREAS, Assignor intends to assign Assignee all beneficial interests in the said Deed of Trust.
III. Agreement
A. Assignment
The Assignor irrevocably grants, assigns, and transfers to the Assignee all rights, title, and interest held by the Assignor in the above-described Deed of Trust and the property therein.
B. Acceptance
The Assignee accepts such assignment and assumes all obligations and rights thereof as stipulated in the Deed of Trust referenced herein.
C. Consideration
In consideration for the assignment, the Assignee agrees to pay the Assignor the sum of $[Amount] upon execution of this Agreement.
IV. Warranties and Representations
-
The Assignor warrants they are the legal and beneficial owner of the interests assigned herein.
-
The Assignor warrants that the Deed of Trust is free from all encumbrances, liens, and disputes.
-
The Assignee acknowledges that they have performed due diligence on the Deed of Trust.
V. Miscellaneous
A. Governing Law
This Assignment shall be governed by and construed following the laws of the State of [State].
B. Binding Effect
This Assignment shall be binding upon and inure to the benefit of the parties, their successors, and assigns.
C. Entire Agreement
This Assignment constitutes the entire agreement between the parties about its subject matter and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, of the parties.
D. Amendments
No amendment, modification, or addition to this Assignment shall be binding unless in writing and signed by both parties.
VI. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Deed as of the date first above written.
The Assignor:
[Your Name]
[Date Signed]
The Assignee:
[Assignee Name]
[Date Signed]
VII. Witnesses
This Deed is witnessed and signed on the day and the year first above written.
[Witness 1 Name]
[Witness 2 Name]
NOTARIZATION:
State of [STATE], County of [COUNTY]
On this 20th of January 2050, before me, a Notary Public in and for said county and state personally appeared [Your Name] and [Assignee Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
