Assignment of Mortgage

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

ASSIGNMENT OF MORTGAGE

FOR VALUE RECEIVED, the undersigned, {{assignor_name}} (hereinafter “Assignor”), with an address at {{assignor_address}}, does hereby assign, transfer, and set over unto {{assignee_name}} (hereinafter “Assignee”), with an address at {{assignee_address}}, all of Assignor’s right, title, and interest in and to a certain Mortgage, executed by {{mortgagor_name}} (hereinafter “Mortgagor”) in favour of Assignor, dated {{original_mortgage_date}}, and recorded on {{recording_date}} in the Office of the Registrar of Deeds for {{jurisdiction}}, under Instrument No. {{instrument_no}}.

Mortgage Details

The said Mortgage secures a promissory note dated {{note_date}}, in the principal amount of {{original_principal_amount}} ({{original_principal_amount_words}} Rand), executed by Mortgagor in favour of Assignor.

Property Description

The Mortgage encumbers the property described as:

{{property_legal_description}}

Transfer of Rights

This Assignment includes all sums of money due and to become due thereon, with interest, and all rights, powers, liens, and remedies thereunder, including the right to collect all payments due and to become due under the said Mortgage and the promissory note secured thereby. Assignor warrants that the outstanding principal balance as of the date of this Assignment is {{outstanding_principal_amount}} ({{outstanding_principal_amount_words}} Rand).

Indemnification

Assignor hereby agrees to indemnify and hold harmless Assignee from and against any and all claims, demands, liabilities, costs, and expenses arising from or in connection with any act or omission of Assignor relating to the Mortgage prior to the effective date of this Assignment.

Governing Law

This Assignment shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Acknowledgement

IN WITNESS WHEREOF, Assignor has executed this Assignment on this {{day}} day of {{month}}, {{year}}.

Signature Block

___________________________

{{assignor_signature_name}}

{{assignor_title}}

___________________________

{{assignee_signature_name}}

{{assignee_title}}

WITNESSES:

1. _________________________

Name: {{witness_1_name}}

2. _________________________

Name: {{witness_2_name}}