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 the Seller assumes no responsibility or liability relating thereto, except that the Seller acknowledges that the Purchaser's Entitlement has priority over the Seller's retained interest in the Note and Deed of Trust. The Seller's liability is specifically limited to the Seller's retained interest in the Note and Deed of Trust. Further, while the Seller does not warrant the future financial performance of the Grantor, as to all other terms, conditions, representations, 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 the Seller assumes no responsibility or liability relating thereto, except that the Seller acknowledges that the PurchaserBuyer's Entitlement has priority over the Seller's retained interest in the Note and Deed of TrustMortgage. The Seller's liability is specifically limited to the Seller's retained interest in the Note and Deed of TrustMortgage. Further, while the Seller does not warrant the future financial performance of the Grantormortgagor, as to all other terms, conditions, representations, warranties, and covenants of this Agreement, the Seller agrees to assume personal responsibility and liability therefore.