Fill and Sign the Assumption Agreement of Deed of Trust and Release of Original Mortgagors Idaho Form

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF IDAHO ASSUMPTION AGREEMENT DEED OF TRUST OR MORTGAGE Control Number – ID – ED1014 NOTES ON COMPLETING THESE FORMS The form(s) in this packet contain “form fields” created using Microsoft Word. “Form fields” facilitate completion of the forms using your computer. They do not limit you ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the forms toolbar. Look for the button on the forms toolbar that resembles a “shaded letter “a”. Click in this button and the form fields will be visible. You will be able to navigate through the document from form field to form field using your tab key. Tab to a form field and insert your data. Inserting date will result in the default line disappearing. You will have sufficient space to enter any required information. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Washington. All Information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem we suggest that you consult an attorney. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U. S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Prepared By and After Recording Return to: ) )       )       )       ) ) Send Tax Statements to Grantee Name and Address): )       )       )       )       -------- Above This Line Reserved For Official Use Only-------- ASSUMPTION AGREEMENT WHEREAS ______________________________ hereinafter referred to as “Lender,” loaned ______________________________ or ______________________________ , a ____________ , corporation, hereinafter referred to as “Borrower(s),” whether one or more, the sum of ________________________ Dollars ($ ____________ ), as evidenced by note and [deed of trust][mortgage] dated       and recorded in Book       at Page ______ of the Public Records of the __________________ County Recorder, State of Idaho . WHEREAS, said Borrower(s) has/have sold said property to the undersigned Purchaser(s) and said Purchaser(s) desire to assume and agree to pay said indebtedness and perform all the obligations of Borrower(s), and said Borrower(s) desire to be released from said obligations, and Lender is willing to accept said assumption and release said original Borrower(s). THEREFORE, for and in consideration of the premises and other good and valuable considerations, the undersigned Purchaser(s) hereby assume and agree to pay the indebtedness evidenced by said note and deed of trust and perform all of the obligations provided therein, it being agreed and understand that as of this date said indebtedness is: ________________________________________________ Dollars ($ ____________ ), and that the interest rate shall be ______ % per annum, and that the monthly payments shall be made beginning the ______ day of __________________ , 20 ______ , in the sum of as follows: Principal and interest $ __________________ Accrued taxes $ __________________ Accrued hazard insurance $ __________________ FHA M.I. or P.M.I. $ __________________ Total $ __________________ per month, and that in all other aspects, all terms and conditions of said note shall remain in full force and effect, and Lender hereby releases and discharges said original Borrower(s) upon their personal obligation upon said indebtedness. This assumption by said Purchaser(s), if more than one, is joint and several and shall bind them, their heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, the parties have hereunto executed this instrument, this ______ day of __________________ , 20 ______ .             Witness Borrower (if individual) Address:                   Witness: Address:                               Witness Borrower (if individual) Address:                         Witness: Address:                               Witness Borrower (if corporation) Address:                         Witness: Address:                               Witness Purchaser (if individual) Address:                         Witness: Address:                               Witness Purchaser (if individual) Address:                         Witness: Address:                               Witness Purchaser (if corporation) Address:                         Witness: Address:                               Witness Lender(if individual) Address:                         Witness: Address:                               Witness Lender(if individual) Address:                         Witness: Address:                               Witness Lender(if Corporation) Address:                         Witness: Address:                   Acknowledgment of Individual – Borrower(s) STATE OF IDAHO COUNTY OF __________________ On this ______ day of __________________ , in the year of ____________ , before me, ______________________________ , a Notary Public, personally appeared ______________________________ , known or identified to me (or proved to me on the oath of ______________________________ ), to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she/they executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ________________________ STATE OF IDAHO COUNTY OF __________________ On this ______ day of __________________ , in the year of ____________ , before me, ______________________________ , a Notary Public, personally appeared ______________________________ , known or identified to me (or proved to me on the oath of ______________________________ ), to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she/they executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ________________________ Acknowledgment of Corporation – Borrower STATE OF IDAHO COUNTY OF _____________________ On this ______ day of _____________________, in the year _______________, before me, ______________________, a Notary Public, personally appeared _________________________________, known or identified to me (or proved to me on the oath of) to be the president, or vice president, or secretary or assistant secretary of the corporation that executed the above instrument or the person who executed the instrument on behalf of said corporation and acknowledged to me that such corporation executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ____________________ Acknowledgment of Individual – Purchaser(s) STATE OF IDAHO COUNTY OF __________________ On this ______ day of __________________ , in the year of ____________ , before me, ______________________________ , a Notary Public, personally appeared ______________________________ , known or identified to me (or proved to me on the oath of ______________________________ ), to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she/they executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ________________________ STATE OF IDAHO COUNTY OF __________________ On this ______ day of __________________ , in the year of ____________ , before me, ______________________________ , a Notary Public, personally appeared ______________________________ , known or identified to me (or proved to me on the oath of ______________________________ ), to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she/they executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ________________________ Acknowledgment of Corporation – Purchaser STATE OF IDAHO COUNTY OF _____________________ On this ______ day of _____________________, in the year _______________, before me, ______________________, a Notary Public, personally appeared _________________________________, known or identified to me (or proved to me on the oath of) to be the president, or vice president, or secretary or assistant secretary of the corporation that executed the above instrument or the person who executed the instrument on behalf of said corporation and acknowledged to me that such corporation executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ____________________ Acknowledgment of Individual – Lender(s) STATE OF IDAHO COUNTY OF __________________ On this ______ day of __________________ , in the year of ____________ , before me, ______________________________ , a Notary Public, personally appeared ______________________________ , known or identified to me (or proved to me on the oath of ______________________________ ), to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she/they executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ________________________ STATE OF IDAHO COUNTY OF __________________ On this ______ day of __________________ , in the year of ____________ , before me, ______________________________ , a Notary Public, personally appeared ______________________________ , known or identified to me (or proved to me on the oath of ______________________________ ), to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she/they executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ________________________ Acknowledgment of Corporation – Lender STATE OF IDAHO COUNTY OF _____________________ On this ______ day of _____________________, in the year _______________, before me, ______________________, a Notary Public, personally appeared _________________________________, known or identified to me (or proved to me on the oath of) to be the president, or vice president, or secretary or assistant secretary of the corporation that executed the above instrument or the person who executed the instrument on behalf of said corporation and acknowledged to me that such corporation executed the same. (Seal) Notary Public       Type or Print Name Commission Expires: ____________________