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LOAN ASSIGNMENT AGREEMENT
This Loan Assignment Agreement ("Agreement") is entered into as of , by and between:
1. Assignment of Loan. Assignor hereby assigns, transfers, and conveys to Assignee all right, title, and interest in and to the following loan:
2. Purchase Price. Assignee agrees to pay Assignor the sum of for the assignment of the above-described loan.
3. Transfer Fee. A transfer fee of (1.5% of the sale price) shall be paid by the Assignee to DVC Loans, LLC for processing the assignment.
4. Loan Servicing.
5. Borrower Notification. DVC Loans, LLC shall notify the borrower of the assignment within five (5) business days of execution.
6. Representations. Assignor represents that the loan is in status and that there are no undisclosed encumbrances or claims against the loan.