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This document is an agreement made between a borrower and a lender of mortgage loans. To secure payment of the Note, Assignor has executed and delivered that certain.Assignment of Leases and Rents. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. (B) an agreement containing an assignment of rents. The Eligible Passive Company (as landlord) must furnish as collateral for the loan an assignment of all rents paid under the lease. The rent or lease payments . NSP Multifamily Rental Program Sample Mortgage, Assignment of Leases and Rents, and Security Agreement. Print. ShareThis. Security Agreement of even date herewith. Security Agreement of even date herewith.