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General Assignment of Contract Rights with Guaranty Assignment made as of ____________________________________ (date) by ___________________________________________ (name of assignor) of ________________ ______________________________________________________________________________ ________________ (street address, city, county, state, zip code) , hereinafter called Assignor, to ____________________________________________ (name of assignee) of _______________ ________________________________________________________________________________________________ (street address, city, county, state, zip code) , hereinafter called Assignee. 1. For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned Assignor unconditionally assigns to Assignee, all Assignor’s interest in a contract between Assignor and __________________________________________ (name of other party to underlying contract) , of ______________________________________ ______________________________________________________________________________ (street address, city, county, state, zip code) , dated ____________________________________ (date) , and to the property described in and all the money payable under such contract. 2. Assignor guarantees the payment of all money due or to become due under the contract and the full performance by ______________________________________________ (name of other party to underlying contract) , of all of his agreements. 3. Assignor consents that the time of payment of any installment provided in such contract may be extended by Assignee in his discretion, and Assignor guarantees the payment of all amounts due or to become due by reason of any such extensions. 4. In the event of a breach of any of the terms of the contract or default in the payment of any amounts provided in such contract, Assignor shall perform the contract or make such payments, as the case may be, as though Assignor was liable on such contract, waiving all notice and demands.5. This Assignment shall be governed by, construed, and enforced in accordance with the laws of ________________________________________ (name of state). Assignor has caused this Assignment to be executed as of this ______________________ ___________________ (date). __________________________________________ _________________________________________ (Name & Signature of Assignor)