Now therefore, we, the undersigned, _________, in consideration of $_____, sell, convey, set over, transfer and assign, with recourse, to _________ Bank of _________ the promissory note and deed of trust dated _________; and we authorize and direct the makers and grantors of the note and deed of trust to pay over and deliver to the bank all sums due on the note and deed of trust, including interest, as and when they become due, with all other rights and benefits as provided and contained in the note and deed of trust.

We, the undersigned, each individually waive any and all notice of acceptance or notice of nonpayment or of default in the note and deed of trust, and also agree to any and all extensions or renewals of the note and deed of trust which the bank, in its discretion, might make, including the substitution of collateral, ratifying in advance any and all acts done by the bank in regards to the indebtedness, and agreeing that we shall continue to remain liable on the note and deed of trust until full payment is received by the bank, including interest and attorney's fees.