Common use of Assignment of Insurance Proceeds Clause in Contracts

Assignment of Insurance Proceeds. It is known that the Beneficiary is entitled to certain proceeds from the Insurance Company under a separate agreement with a Policy Number of 91-FWS18WNAWUQ (“Insurance Proceeds”). Under this Agreement, the Beneficiary agrees to transfer: (choose one) ☐ - All of the Insurance Proceeds to the Assuming Party. ☒ - A Portion of the Insurance Proceeds to the Assuming Party in an amount equal to $7,200.

Assignment of Insurance Proceeds. It is known that the Beneficiary is entitled to certain proceeds from the Insurance Company under a separate agreement with a Policy Number of 91-FWS18WNAWUQ [INSURANCE POLICY NUMBER] (“Insurance Proceeds”). Under this Agreement, the Beneficiary agrees to transfer: (choose one) ☐ - All of the Insurance Proceeds to the Assuming Party. ☒ ☐ - A Portion of the Insurance Proceeds to the Assuming Party in an amount equal to $7,200.[PORTION OF DEBT AMOUNT].

Assignment of Insurance Proceeds. It is known that the Beneficiary is entitled to certain proceeds from the Insurance Company under a separate agreement with a Policy Number of 91-FWS18WNAWUQ (“Insurance Proceeds”). Under this Agreement, the Beneficiary agrees to transfer: (choose one) ☐ - All of the Insurance Proceeds to the Assuming Party. ☒ ☐ - A Portion of the Insurance Proceeds to the Assuming Party in an amount equal to $7,200$ .