Collateral Assignment of Leases and Rents (Mississippi)
Price $25.00
Document Id : 8931
Mississippi lenders, prepare a Collateral Assignment of Leases and Rents for execution by a corporate borrower, with this fully editable template.
- The borrower assigns to the lender all of its interest in the leases and rents payable in respect of property owned by the borrower, to secure repayment of a commercial business loan.
- The lender also has the right to collect all revenues from the leases, including parking fees, taxes and insurance contributions, and liquidated damages after default.
- The borrower indemnifies and holds the lender harmless from any liability, loss or damage.
- The borrower will not amend any lease, or terminate or accept surrender of any lease without the lender's consent.
- All rentals collected from the premises are to be applied firstly to repayment of the debt.
- This template can be easily customized to fit your specific business needs.
This
Mississippi Collateral Assignment of Leases and Rents form is available as a Microsoft Word document download.
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