This General Assignment of Rents as Security for Mortgage effectively assigns all rents received for a property as collateral security for a mortgage on that property. It is important that this Assignment be set out in writing in the event there are future questions or concerns regarding this business transaction.

This General Assignment of Rents as Security for Mortgage includes the following:

• Parties/Date: Sets out date of the assignment and the names of the assignor and assignee;
• Mortgage Information: The recording date of the mortgage and description of the property;
• Assignment Provisions: Sets forth that all rents from the property are assigned as collateral for the mortgage and the terms of the assignment;
• Signature: The assignor must sign the assignment in front of a witness.

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This attorney-prepared packet contains:

1. General Instructions
2. General Assignment of Rents as Security for Mortgage

State Law Compliance: This form complies with the laws of all states