Assignment of Security Instrument definition
Examples of Assignment of Security Instrument in a sentence
Assignor has executed this Assignment of Security Instrument as of the day and year first above written.
Seller shall prepare the Assignment of Security Instrument and pay all recording fees with respect to the transfer of each Mortgage Loan to Purchaser or its designee.
With respect to each Purchased Loan, the Note, the Security Instrument (if any), the Assignment of Security Instrument (if any) and any other documents required to be delivered under this Agreement and the Custodial Agreement for such Purchased Loan have been delivered (or with respect to Table Funded Purchased Loans shall be delivered in accordance with Section 7(b)) to Buyer or the Custodian on its behalf or such requirement will have been expressly waived in writing by Buyer.
With respect to each Loan, the original Assignment of Security Instrument to Purchaser, which assignment shall be in the form attached hereto as Exhibit “C” and acceptable for recording (the “Assignment of Security Instrument”).
Buyer hereby authorizes ▇▇▇▇▇▇ Agent to record or cause the recording of the Assignment of Security Instrument and the Assignment of Assignment of Leases of Rents (to the extent applicable) in the appropriate recording office or offices after Closing.
This Assignment of Security Instrument is not subject to the provisions of Section 275 of the Real Property Law as it is an assignment in the secondary market.
Assignor has duly executed this Assignment of Security Instrument as of the _____ day of ________, 2016.
In connection with such transfer, Seller shall execute an Allonge, Assignment of Security Instrument, and Assumption of Loan Interest assigning to Purchaser all of the Seller’s rights in the Purchased Loan in the forms attached hereto as Exhibit B-1, B-2, and B-3, respectively (collectively, the “Transfer Documents”).
Assignor has duly executed this Assignment of Security Instrument as of the day of , 20 .