Lipscomb County Collateral Assignment of Leases, Rents and Rights Form

Additional Texas and Lipscomb County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Lipscomb County

Properties in any of these areas use Lipscomb County forms:

• Booker
• Darrouzett
• Follett
• Higgins
• Lipscomb

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This form is executed/signed by the borrower/Assignor as inducement for the Lender/Assignee to make the loan evidenced by a Note secured by a Deed of Trust, borrower/Assignor has agreed to an assignment of rents in accordance with Chapter 64 of the Texas Property Code to Lender/Assignee in, to and under any and all leases (hereinafter collectively referred to as the "Leases" and singularly as a "Lease") and any rights to receive payments and liens securing rights to receive payments under notes, contracts for deed or otherwise arising (hereinafter collectively called "Notes and Liens")

Sec. 64.053. ENFORCEMENT OF SECURITY INTEREST IN RENTS GENERALLY.
(a) An assignee may enforce an assignment of rents using one or more of the methods provided by Section 64.054 or 64.055 or any other method sufficient to enforce an assignment of rents under a law of this state other than this chapter.
(b) On and after the date on which an assignee begins to enforce an assignment of rents, the assignee is entitled to collect all rents that:
(1) have accrued but remain unpaid on that date; and
(2) accrue on or after that date.

For use in Texas only.

Important: Your property must be located in Lipscomb County to use these forms. Documents should be recorded at the county recording office listed above.

This Collateral Assignment of Leases, Rents and Rights meets all recording requirements specific to Lipscomb County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Lipscomb County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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