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

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF WASHINGTON ASSUMPTION AGREEMENT – DEED OF TRUST Control Number – WA – 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. In order to use the form fields properly, it is necessary to “lock or protect” the document. If you wish to make any changes in the body of the form, it is necessary for you “unlock” or “unprotect” the form. 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HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ---------- This space for official use only ---------- Prepared By and After Recording Return to: Send Tax Statements to Grantee Name and Address):                                           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 or mortgage dated       and recorded in Book       at Page ______ of the Public Records of the __________________ County Auditor, State of Washington . 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 __________________ COUNTY OF __________________ On this day personally appeared before me ______________________________ , to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that he/she/they signed the same as his/her/their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ STATE OF __________________ COUNTY OF __________________ On this day personally appeared before me ______________________________ , to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that he/she/they signed the same as his/her/their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ Acknowledgment of Corporation – Borrower STATE OF __________________ COUNTY OF __________________ On this ______ day of ____________ , 20 ______ , before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared ______________________________ and ______________________________ , to me known to be the ________________________ President and ________________________ Secretary, respectively, of ______________________________ , the corporation that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act of and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that ________________________ authorized to execute the said instrument and that the seal affixed is the corporate seal of said corporation. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ Acknowledgment of Individual – Purchaser(s) STATE OF __________________ COUNTY OF __________________ On this day personally appeared before me ______________________________ , to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that he/she/they signed the same as his/her/their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ STATE OF __________________ COUNTY OF __________________ On this day personally appeared before me ______________________________ , to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that he/she/they signed the same as his/her/their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ Acknowledgment of Corporation – Purchaser STATE OF __________________ COUNTY OF __________________ On this ______ day of ____________ , 20 ______ , before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared ______________________________ and ______________________________ , to me known to be the ________________________ President and ________________________ Secretary, respectively, of ______________________________ , the corporation that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act of and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that ________________________ authorized to execute the said instrument and that the seal affixed is the corporate seal of said corporation. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ Acknowledgment of Individual – Lender(s) STATE OF __________________ COUNTY OF __________________ On this day personally appeared before me ______________________________ , to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that he/she/they signed the same as his/her/their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ STATE OF __________________ COUNTY OF __________________ On this day personally appeared before me ______________________________ , to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that he/she/they signed the same as his/her/their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________ Acknowledgment of Corporation – Lender STATE OF __________________ COUNTY OF __________________ On this ______ day of ____________ , 20 ______ , before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared ______________________________ and ______________________________ , to me known to be the ________________________ President and ________________________ Secretary, respectively, of ______________________________ , the corporation that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act of and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that ________________________ authorized to execute the said instrument and that the seal affixed is the corporate seal of said corporation. Given under my hand and seal of office this ______ day of ____________ , 20 ______ . ____________________________________ Notary Public residing at _______________       My Commission Expires: __________________