Common use of ASSIGNMENT WITHOUT RECOURSE Clause in Contracts

ASSIGNMENT WITHOUT RECOURSE. The Seller agrees to sell and assign the said Note and Deed of Trust without recourse as to the future financial performance of the Grantor(s) and assumes no responsibility or liability relating thereto. However, as to all other terms, conditions, representatives, warranties, and covenants of this Agreement, the Seller agrees to assume personal responsibility and liability therefore.

ASSIGNMENT WITHOUT RECOURSE. The Seller agrees to sell and assign the said Note and Deed of Trust Mortgage without recourse as to the future financial performance of the Grantor(smortgagor(s) and assumes no responsibility or liability relating thereto. However, as to all other terms, conditions, representatives, warranties, and covenants of this Agreement, the Seller agrees to assume personal responsibility and liability therefore.