This Assignment of Mortgage as Security will effectively assign the security in a mortgage as collateral. This agreement is between the individual holding the mortgage (the “assignor”) and the person to whom the mortgage is assigned (the “assignee”) and sets forth the specific terms of the arrangement. These terms include the name of the borrower, address of the mortgaged property and the principal amount currently owing on the mortgage. It is important that this transaction be set forth in writing. If there are disagreements or disputes between the parties, a well-written Assignment of Mortgage as Security will prove invaluable.

This Assignment of Mortgage as Security includes the following provisions:

• Assignment Date/Parties: Sets forth the effective date of the assignment and the identities of the assignor and assignee;
• Mortgage Information: Sets out the date and recording information of the mortgage, the name of the borrower, address of mortgaged property, original amount of the mortgage and the amount presently owed;
• Security: Assignor sets out that mortgage is a valid security and that the mortgage has not been discharged;
• Signatures: Both parties must sign the mortgage assignment in the presence of witnesses.

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This attorney-prepared packet contains:

1. General Instructions
2. Assignment of Mortgage as Security

State Law Compliance: This form complies with the laws of all states