Assignment of Mortgage as Security

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. (continued ...)