Fill and Sign the Assumption Agreement of Mortgage and Release of Original Mortgagors Florida Form

After Recording Return to: ) ) ) ) ) ) ) ) ) ) -------- 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 ($_________________), as evidenced by note and mortgage dated _______________________ and recorded in Official Record Book No. _____________, at Page _________ of the Public Records of _____________________ County, Florida. WHEREAS, said Borrower(s) has/have sold said property to the undersigned Purchaser(s) and said Purchaser(s) desire to assume and agree to pay said indebtedness and perform all the obligations of Borrower(s), and said Borrower(s) desire to be released from said obligations, and Lender is willing to accept said assumption and release said original Borrower(s). THEREFORE, for and in consideration of the premises and other good and valuable considerations, the undersigned Purchaser(s) hereby assume and agree to pay the indebtedness evidenced by said note and mortgage and perform all of the obligations provided therein, it being agreed and understand that as of this date said indebtedness is ____________________________ _______________________________________________________________________ Dollars ($_____________________), 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 _________________________ The above amount shall be paid 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) __________________________________ __________________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Borrower (if individual) __________________________________ __________________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Borrower (if corporation) __________________________________ BY:__________________________ __________________________________ Its___________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Purchaser (if individual) __________________________________ __________________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Purchaser (if individual) __________________________________ __________________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Purchaser (if corporation) __________________________________ BY:__________________________ __________________________________ Its___________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Lender (if individual) __________________________________ __________________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Lender (if individual) __________________________________ __________________________________ __________________________________ Witness __________________________________ __________________________________ __________________________________ ______________________________ Witness Lender (if corporation) __________________________________ BY:__________________________ __________________________________ Its___________________________ __________________________________ Witness __________________________________ __________________________________ Acknowledgment of Individual – Borrower(s) STATE OF __________________ COUNTY OF ________________ The foregoing instrument was acknowledged before me this _____________________________ (date), by ___________________________________________________ (name of person(s) acknowledging), Borrower(s), who is personally known to me or has produced ____________________________________ (type of identification) as identification. ____________________________________ Notary Public, State of Printed Name:________________________ My Commission Expires: ____________________ Commission #_________ Acknowledgment of Corporation – Borrower STATE OF __________________ COUNTY OF ________________ The foregoing instrument was acknowledged before me this ___________________________ (date) by ___________________________________________________ (name of officer or agent, title of officer or agent) of _____________________________________ (name of corporation acknowledging), a _______________________________ (state or place of incorporation) corporation, Borrower, on behalf of said corporation. He/she is personally known to me or has produced _________________________________________ (type of identification) as identification . ___________________________________ Notary Public, State of Printed Name:________________________ My Commission Expires: ____________________ Commission # ________ Acknowledgment of Individual – Purchaser(s) STATE OF __________________ COUNTY OF ________________ The foregoing instrument was acknowledged before me this _____________________________ (date), by ___________________________________________________ (name of person(s) acknowledging), Purchaser(s), who is personally known to me or has produced ____________________________________ (type of identification) as identification. ____________________________________ Notary Public, State of Printed Name:________________________ My Commission Expires: ____________________ Commission #_________ Acknowledgment of Corporation – Purchaser STATE OF __________________ COUNTY OF ________________ The foregoing instrument was acknowledged before me this ___________________________ (date) by ___________________________________________________ (name of officer or agent, title of officer or agent) of _____________________________________ (name of corporation acknowledging), a _______________________________ (state or place of incorporation) corporation, Purchaser, on behalf of said corporation. He/she is personally known to me or has produced _________________________________________ (type of identification) as identification . ___________________________________ Notary Public, State of Printed Name:________________________ My Commission Expires: ____________________ Commission # ________ Acknowledgment of Individual – Lender(s) STATE OF __________________ COUNTY OF ________________ The foregoing instrument was acknowledged before me this _____________________________ (date), by ___________________________________________________ (name of person(s) acknowledging), Lender(s), who is personally known to me or has produced ____________________________________ (type of identification) as identification. ____________________________________ Notary Public, State of Printed Name:________________________ My Commission Expires: ____________________ Commission #_________ Acknowledgment of Corporation – Lender STATE OF __________________ COUNTY OF ________________ The foregoing instrument was acknowledged before me this ___________________________ (date) by ___________________________________________________ (name of officer or agent, title of officer or agent) of _____________________________________ (name of corporation acknowledging), a _______________________________ (state or place of incorporation) corporation, Lender, on behalf of said corporation. He/she is personally known to me or has produced _________________________________________ (type of identification) as identification . ___________________________________ Notary Public, State of Printed Name:________________________ My Commission Expires: ____________________ Commission # ________