ASSIGNMENT-OF-RENTS CLAUSE

By SovConn | September 20, 2014

assignment-of-rents  clause.A  mortgage  provision  or  separate  agreement  that  entitles  the

lender to collect rents from the  mortgaged  premises if the borrower  defaults. [Cases: Mortgages

199(2). C.J.S. Mortgages §§ 301–302.][Blacks Law 8th]

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