An assignment of leases and rents delivered by a borrower in a commercial real estate loan transaction secured by real property located in California. This Standard Document purports to grant the lender an absolute, present interest in all existing and future leases at the real property and all rents and other income payable under those leases. This Standard Document favors the lender but has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.