Collateral Assignment of Leases and Rents - Section 255 Affidavit - Edit, Fill, Sign Online

COLLATERAL ASSIGNMENT OF LEASES AND RENTS

SECTION 255 AFFIDAVIT

STATE OF }

COUNTY OF } ss.

being duly sworn deposes and says:

1. He is an attorney at law admitted to practice in the State of New York with offices located at

New York and is acting as legal counsel to

(the "Mortgagee") in connection with a mortgage loan tran saction between said Mortgagee and

(the "Borrower") pertaining to premises known as

, in the city

of , County of , and State of New York.

2. The Borrower has appli ed to Mortgagee for a loan in the total princip al amou nt of

3. Said loan will be evidenced by a certain Note fro m Mortgagor to Mortgag ee dated

and will be secured by a Mortgage and Security Agreement made by

Mortgagor to Mortgagee covering the mortgaged property, dated , (the

"Mortgage") ,which is inte nded to be recorded in the County Clerk's office prior to the recording of

this Agreement.

4. In connection with the fo regoing Mortgage and Security Agree ment there is herewith offered

and presented to the Clerk of the County of a Collateral Assignment of Leases and Rents

between said Mortgagor and Mortgagee dated , by which Mortgagee is assigned

certain rights in rents and other mon eys relating to the occupancy of the premi se s encumbered

by the aforesaid Mortgage and a s se curity collateral to such mo rtgage.

5. Such Collateral Assignment of Leases and Rents neither creates nor secures any original, new

or further prin cipal indebtedness or obligation in addition to or not already se cured by or which

under any contingen cy may be secured by or which u nder any contingen cy may be secured by

the aforesaid Mortgage.

This affidavit is submitted to the Register/Clerk of County in support of the exemption

of the foregoing Condition al Assignment of Lease s and Rents from he imposition or paymen t of

mortgage tax under Article 11 of the Tax Law pursuant to provisions of Section 255 of the Tax

Law of the State of New York.

______________________________

Sworn to before me this

day of , 200

_______________________

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