RD 443-16 Removed

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USDA-RD
Form RD 443-16
(Rev. 3-03)

FORM APPROVED
OMB NO. 0560-0158

Position 5

ASSIGNMENT OF INCOME FROM
REAL ESTATE SECURITY
RURAL DEVELOPMENT
FARM SERVICE AGENCY

STATE

COUNTY

CASE NO.

The United States of America, acting through Rural Development or the Farm Service Agency, United States
Department of Agriculture, (called the ''Government''), is the holder of a loan in the sum of
dollars ($)

, made to
of

and

County,

State of

, (called the ''Borrower'');
THEREFORE, in consideration of the Government's making this loan, or permitting the Borrower to execute the instrument described below, the Borrower sells, assigns, transfers, and conveys to the Government
%)
percent (
of any and all rents, royalties, bonuses, payments, delay monies, damages, and other income which may now be or
later become owing to the Borrower under the terms of this instrument which is described as follows:
(For description of instrument, show title, date, names of Lessor and Lessee, and recording information)

or of any renewal or extension of the instrument or of any other lease or agreement supplementary to it which may be

According to the Paperwork Reduction Act of.1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number
for this information collection is 0560-0158. The time required to complete this information collection is estimated to average 30 minutes per response, including the time for reviewing instructions,
searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

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entered into between the Borrower and the Lessee. The Borrower covenants that the Borrower has made no other
assignment or encumbrance of the income.
The Lessee, and the heirs, executors, administrators, successors, and assigns of the Lessee are directed to pay
to the Government the above listed percentage of all sums now owing or to become owing to the Borrower under the
instrument by checks payable to
*The Government, for the account of

.

*

and the Government, to be remitted to the
(Name of Borrower)

or to such other person as may be desigGovernment at
nated in writing by the State Director or State Executive Director, until notified in writing by the Government of the
termination of this assignment.
This assignment shall terminate when the above listed indebtedness of the Borrower shall have been paid in
full: Provided, however, That the Lessee shall not be liable to the Borrower for any payment to the Government which
the Lessee may have made subsequent to the time when said indebtedness of the Borrower has been paid in full,
unless the Lessee has received, prior to any such payment, written notice from the Government that the Borrower's
indebted- ness has been paid in full.
The Government assumes no responsibility under any of the provisions of the instrument described above, or
of any other agreement or agreements between the Borrower and the Lessee.
Each amount received by the Government under this assignment shall be used in accordance with the regulations of the Government in effect when such amount is received.
IN WITNESS WHEREOF, the Borrower has signed and sealed the foregoing assignment this
day of

,

.

Witnesses:
(SEAL)
(Borrower)
(SEAL)
(Co-Borrower)

*Strike inapplicable phrase

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ACKNOWLEDGMENT

The undersigned Lessee recognizes the foregoing assignment, and agrees to remit to the Government in the
manner specified in the assignment the percentage of the income as provided in the assignment.
Date

,

(Lessee)

(Address)

RELEASE OF MORTGAGE INTEREST

The interest of the United States of America in the property described in this instrument ceased as of
and the Government shall have no interest in such property thereafter.
(Date of final payment)

UNITED STATES OF AMERICA

(Title)
UNITED STATES DEPARTMENT OF AGRICULTURE

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