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WHEN RECORDED, RETURN TO:

ASSIGNMENT OF NOTE AND DEED OF TRUST/MORTGAGE

[outright; with warranties; assignee's form]

The undersigned, ______, a ______, as Beneficiary ("Assignee"), for value received, hereby grants, conveys, assigns and transfers to ______, a ______("Assignee"), all beneficial interest under the [Deed of Trust] [Mortgage], dated the _____ day of ______, 20___, between ______, a ______, as grantor; ______Title Insurance Company, a ______, as trustee; and Assignor herein, as Beneficiary, recorded on ______, under Recording No.______, records of ______County, ______, together with the promissory note(s) therein described, the money due and to become due thereon, with interest, and all rights accrued or to accrue under said Deed of trust.

Assignor warrants that, as of the date of this Assignment, the Note and [Deed of Trust] [Mortgage] described herein satisfy the requirements of the agreement between Assignor and Assignee, dated ______, and that all warranties regarding notes and [deeds of trust] [mortgages] set forth in said agreement are true and correct with respect to the Note and [Deed of Trust] [Mortgage] referred to herein.

Assignor will indemnify and hold Assignee harmless from any claims, loss or expense resulting from a breach of any of these warranties.

Assignee is not assuming any obligations or liabilities to the maker under the Note or [Deed of Trust] [Mortgage] described herein and shall not hereafter be deemed to have assumed any such obligations or liabilities except that Assignee agrees that, at such time as the maker has fully paid and performed all obligations set forth in the Note and [Deed of Trust] [Mortgage] described herein, Assignee will deliver to the maker a [full reconveyance under the Deed of Trust] [satisfaction of the Mortgage].

Assignor hereby covenants that the following sums are presently due and owing under the Note and [Deed of Trust] [Mortgage] assigned hereunder: $______, as at ______.

Dated ______.

[SIGNATURE BLOCK]

[ACKNOWLEDGEMENT]

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