Assignment of Deed of Trust Template

An assignment of trust deed is a document that lenders and financial institutions use when working with loans secured by trust deeds.

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ASSIGNMENT OF DEED OF TRUST

 

This Assignment (hereafter “Assignment”) is effective [DATE] between [ASSIGNOR NAME], a company organized and existing under the laws of the State of [STATE], with its principle place of business located at [COMPLETE ADDRESS] (“Assignor”) and [ASSIGNEE NAME], a company organized and existing under the laws of the State of [STATE], with its principle place of business located at: [COMPLETE ADDRESS] (“Assignee”). The parties may be referenced jointly as “Parties”.

Assignment

Effective [DATE] (the “Assignment Date”), Assignor assigns, conveys and transfers to Assignee all of Assignor’s rights, title and interest in the Deed of Trust, and the right to exercise any and all rights and remedies of the Assignor, with respect to the terms therein.  Assignor represents and warrants that: 

  1. Assignor has the right, power and authority to execute this Assignment; 
  2. that to the best of Assignor’s knowledge the Deed of Trust is a good, valid and binding agreement between the parties and is in full force and effect in accordance with its terms which have not been amended or modified; and 
  3. that no act or omission on the part of Assignor has occurred that would be considered a default under the Deed of Trust.  

Assignor disclaims any further interest in the Deed of Trust.

Acceptance and Indemnification  

Assignee accepts this assignment and promises to perform all services and obligations required of Assignor under the Deed of Trust, as of and after the Assignment Date, and continuing after for as long as the Deed of Trust remains in full force and effect.  

Binding Effect  

This Agreement shall be binding upon the Parties, their successors and assigns.

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Template Documents Disclaimer:

Please read the following carefully. These terms about the templates (“Template Documents”) library (“Template Documents Disclaimer”) govern your use of the Template Documents and supplement the Concord Free Account Terms or the Concord Commercial Terms, whichever may be applicable to you and which is hereby incorporated by reference. All Template Documents are provided on a nonexclusive license basis only for your personal or internal business use for noncommercial purposes, without any right to relicense, sublicense, distribute, assign or transfer such license.  Template Documents are provided without any representations or warranties, express or implied, as to their suitability, legal effect, completeness, timeliness, accuracy and/or appropriateness.  THE DOCUMENTS ARE PROVIDED “AS IS,” “AS AVAILABLE,” AND WITH “ALL FAULTS,” AND WE AND ANY PROVIDER OF THE DOCUMENTS DISCLAIM ANY WARRANTIES, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.  The Template Documents may be inappropriate for your particular circumstances. Furthermore, state laws may require different or additional provisions to ensure the desired result. You should consult with legal counsel to determine the appropriate legal or business documents necessary for your particular transactions as the Template Documents are only samples and may not be applicable to a particular situation.