assignment of beneficial interest in land trust

advertisement

ASSIGNMENT OF BENEFICIAL INTEREST IN LAND TRUST

Sycamore, Illinois

Dated: ________________

FOR VALUE RECEIVED (I/we) hereby sell, assign, transfer and set over unto

______________________________________________________________________________

(my/our) rights, powers, privileges, and beneficial interest in and to that certain trust agreement dated the _________ day of _________________________ and known as The National Bank & Trust

Company of Sycamore Trust Number _____________________ including all interest in the property held subject to said trust agreement, including the power of direction thereof.

The power of direction under this trust hereafter shall be exercised by:

____________________________________________________________________

_________________________________________

_________________________________________

WITNESS: APPROVED BY COLLATERAL ASSIGNEE:

By_____________________________

___________________________

I hereby affirm that this transfer (is) (is not) subject to State of Illinois Real Estate Transfer Tax. If this is a taxable transfer, I will provide the Trustee with an executed Real Estate Transfer Declaration together with the required tax prior to acknowledgement by the Trustee. In addition I will provide the fee required to record the facsimile of this assignment.

_______________________________________

Assignor/Assignee

ACCEPTANCE

I accept the foregoing assignment subject to all of the provisions of said trust agreement.

_________________________

Name Social Security Number

________________________

Address

RECEIPT

Received the foregoing assignment and acceptance in duplicate. Dated at Sycamore, Illinois this

______ day of ________________, ____________.

The National Bank & Trust Company of Sycamore

BY: ________________________________

Title: _______________________________

(Note: this assignment should be executed in duplicate by both assignor and assignee and one executed copy lodged with The National Bank & Trust Company of Sycamore.)

Download