1. Five years ago, Hensley purchased job in another city and sold the house to Sylvia. The pur- use. At that time, she borrowed funds from Thrift Sav- and Loan, which in turn took a mortgage at 6.5 percent est on the house. The mortgage contract did not prohibit signment of the mortgage. Then Hensley secured a new chase price included payment to Hensley of the value of her equity and the assumption of the mortgage debt still owed to Thrift. At the time the contract between Hensley and Sylvia was made, Thrift did not know about or consent to the sale.

1. Assignment. Five years ago, Hensley purchased job in another city and sold the house to Sylvia. The puruse. At that time, she borrowed funds from Thrift Sav- chase price included payment to Hensley of the value of her and Loan, which in turn took a mortgage at 6.5 percent equity and the assumption of the mortgage debt still owed to st on the house. The morrgage contract did not prohibit Thrift. At the time the contract between Hensley and Sylvia signment of the mortgage. Then Hensley secured a new was made. Thrift did not know about or consent to the sale. On the basis of these facts, if Sylvia defaults in making the mortgage payments to Thrift, what are Thrift's rights? Discuss. (See Assignments and Delegations.)