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_SETUP.1
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3440.BLD
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1997-07-22
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71 lines
#3440
@001 Enter the name of the party assigning:
~Enter the name of the party assigning the contract. This person
~is the BUYER of the property.
@002 Enter the name of the party receiving assignment:
~Enter the name of the person who will not be completing the
~contract.
@342 Enter the name of seller on original contract:
~Enter the name of the person who is selling the real estate.
!343 Enter the purchase price on original contract:
~Enter as a numeral the purchase price specified in the original
~contract.
@344 Enter the legal description of property:
~Enter the legal description of the property- this is usually not
~the address. Needs to be the metes and bounds or lot and plat
~number.
!345 Enter the price paid for the assignment:
~Enter the amount that is being paid for the assignment as a
~numeral, without using the "$" symbol or commas. For example:
~3000.00.
#end control section
#3440
/* Para. 3440: Assignment of Real Estate Contract */
ASSIGNMENT OF CONTRACT TO SELL REAL ESTATE
WHEREAS, @001, is the contract vendee (purchaser) the following described
contract for the sale of real estate:
Vendor (Seller): @342
Purchase price: $ @343 (!343 dollars)
Legal description: @344
In consideration of the sum of $ @345 (!345 dollars), @001 assigns
to @002, all of @001's rights and title to said agreement. @002
shall indemnify @001 from any and all liabilities related to said
contract.
@001 further agrees to execute any and all further documents
reasonably required by @002 to perfect @002's assignment herein.
Dated: ________________________________________________
______________________________________________________
@001
_______________________________________________________
@002