ASSIGNMENT OF BENEFICIAL INTEREST

UNDER MORTGAGE
FOR VALUE RECEIVED, the undersigned, as Beneficiary hereby assigns and
transfers to __________ whose address is _____________ all beneficial interest
under that a certain Mortgage dated _____________, executed by
______________________, Trustor, to ___________, Trustee, and recorded on
______________, 19 _____, in Book/Docket _____________, at Page
____________ OR Document Number ________________, or as Instrument
Number _________________, (_______ pages), of Official Records of the
County Recorder of ________________ County, Queens, described property
therein as:

Together with the note or notes therein described or referred to, the
money due or to become due thereon interest, and all rights accrued or to accrue
under said Deed of Trust.

IN WITNESS WHEREOF, said Beneficiary has signed this instrument on

______________________________________.

_______________________________________
Assignor-Beneficiary

_______________________________________
Assignor-Beneficiary

STATE OF ______________ )
) ss
County of _______________ )
This instrument was acknowledged before me this ____day of ____, 2010
by ___________________________ and ___________________________.

___________________________________
Notary Public
My commission will expire________________
In our capitalist economic system, ownership of property is often a source of
prestige and power. Inevitably disputes arise as to ownership of property. To help
resolve such disputes, the law recognizes five categories of property ownership.
Within these categories are various types of property ownership.

PRESENT POSSESSORY REAL PROPERTY

1. There are five types of property ownership recognized under this category
of property law. These are called "fee simple absolutes" (FSA), "defeasible
fees" (DF), "fee tail" (FT), "life estate" (LE) and tenancies. An FSA is property
that can be owned indefinitely. DFs are property that can be terminated by
the occurrence of an event that was prohibited by the prior owner of the
property when he transferred the property to the current owner. An FT is
property that can be owned only by lineal successors. An LE is one that lasts
for the life of an individual. Once that person's life has ended, then the LE is
terminated. Tenancies are interests in property that tenants obtain from their
leases.

FUTURE INTERESTS IN REAL PROPERTY

2. There are three types of property ownership recognized under this
category of property law. These are called "reversions", "remainders" and
"executor interests" (EI). A "reversion" is an interest in land that the grantor
owns which will become possessory upon the occurrence or nonoccurrence
of an event. A "remainder" is an interest in land that a third party owns which
will become possessory upon the natural termination of the prior estate. An
EI is an interest in land that a third party owns that will become possessory
upon the occurrence or nonoccurrence of an event regardless of whether the
prior estate has terminated naturally.

TRUST
3. A trust creates two ownership interests. It creates a legal interest in the
trustee(s) who has the right to manage, invest and improve the trust
property for the benefit of the beneficiary(s). It also creates an equitable
interest in the beneficiary(s) who has the right to use and enjoy the property
subject to the terms of the trust.

MARITAL PROPERTY
4. There are two types of marital property. These are called "community
property" and common law marital property. Under community property all
property obtained during the marriage --- except by gift, will, or inheritance ---
was assumed to be marital property, which was owned by the spouses in
equal shares unless "fairness" requires a different distribution. Under
common law, all property owned by the spouses is considered marital
property that is subject to a "fair and equitable" distribution by the courts
upon divorce.

SEPARATE PROPERTY
5. All property obtained by a spouse before marriage, after permanent
separation, by inheritance, by gift or by will was to be his or her separate
property. At divorce that property cannot be reached by the other spouse.