The following is an assignment of land contract attached to some of the forms in general use among the legal profession. This form is more extended than the form given in the preceding section, but is not believed to be any more effectual. The assignment of a land contract need not be acknowledged by either the vendor or vendee unless it is intended to record such assignment.

In consideration of (here insert amount to be paid) to me in hand, paid by (here insert name of party contract is to be transferred to) and by and with the consent of the party of the first part in and to the contract of sale hereto annexed, the party of the second part in the within contract, does hereby assign and transfer the annexed contract to the said (here insert name of party contract is to be transferred to) his heirs and assigns.

And the assignee above named does hereby accept the above assignment, and in consideration of the assent of said first party in and to said contract to said transfer, does hereby covenant and agree to assume and fulfill all the obligations thereof on the part of the said assignor to be fulfilled.

And, said first party in and to said contract does expressly consent to the aforegoing assignment.

Dated at...................., this....................day of.....................

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Signed, sealed and delivered in presence of

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State of Michigan, County of............, ss.

On this........................day of........................, 19......, before me, a notary public in and for said county, personally appeared (here insert name of first party to assignment) known to me to be the person who executed the foregoing assignment of contract, and acknowledged the same to be his free act and deed.

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Notary Public, ................County,

Michigan. My commission expires..................................................