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

LAND COURT SYSTEM REGULAR SYSTEM AFTER RECORDING RETURN BY: MAIL ( ) PICPUP ( ) TG: TGE: This Document Contains _____ Pages TITLE OF DOCUMENT: ASSUMPTION AGREEMENT WITH RELEASE BY LENDER PARTIES TO DOCUMENT: LENDER(S), NAME AND ADDRESS: PURCHSAER(S), NAME AND ADDRESS: SELLER(S), NAME AND ADDRESS: TAX MAP KEY: ASSUMPTION AGREEMENT WITH RELEASE BY LENDER WHEREAS ____________________________________________________, hereinafter referred to as “Lender,” loaned _________________________________________________ or ________________________________________, a ____________________________ corporation, hereinafter referred to as “Borrower(s),” whether one or more, the sum of ____________________________________________________________________ Dollars ($_________________), as evidenced by note and mortgage dated _______________________ and recorded as Document Number ________________________ in the office of the Registrar of Conveyances, ___________________, Hawaii. WHEREAS, said Borrower(s) has/have sold said property to the undersigned Purchaser(s) and said Purchaser(s) desire to assume and agree to pay said indebtedness and perform all the obligations of Borrower(s), and said Borrower(s) desire to be released from said obligations, and Lender is willing to accept said assumption and release said original Borrower(s). THEREFORE, for and in consideration of the premises and other good and valuable considerations, the undersigned Purchaser(s) hereby assume and agree to pay the indebtedness evidenced by said note and mortgage and perform all of the obligations provided therein, it being agreed and understand that as of this date said indebtedness is ____________________________ _______________________________________________________________________ Dollars ($_____________________), 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 total amount above shall be paid each 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_________. ______________________________ Borrower (if individual) _____________________________ Borrower (if individual) ______________________________ Borrower (if corporation) BY:__________________________ Its___________________________ Title _____________________________ Purchaser (if individual) ______________________________ Purchaser (if individual) ______________________________ Purchaser (if corporation) BY:__________________________ Its___________________________ Title _____________________________ Lender (if individual) ______________________________ Lender (if individual) ______________________________ Lender (if corporation) BY:__________________________ Its___________________________ Title Acknowledgment of Individual – Borrower(s) STATE OF __________________ COUNTY OF ________________ On this ________day of ___________________________, _________, before me, _______________________________________, personally appeared _____________________ ______________________________, Borrower(s), personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. (SEAL) __________________________________ (Signature of Notary Public) My Commission Expires: _____________________(expiration date) Acknowledgment of Corporation – Borrower STATE OF __________________ COUNTY OF ________________ On this _______ day of _________________________, __________, before me appeared ______________________________ and _____________________________, to me personally known, who, being by me duly sworn, did say that they are the ___________________________ and ____________________________, respectively, of _____________________________ , a ____________________________ corporation, Borrower, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said officers severally acknowledged said instrument to be the free act and deed of said corporation. WITNESS my hand and official seal. (SEAL) __________________________________ (Signature of Notary Public) My Commission Expires: _____________________(expiration date) Acknowledgment of Individual – Purchaser(s) STATE OF __________________ COUNTY OF ________________ On this ________day of ___________________________, _________, before me, _______________________________________, personally appeared _____________________ ______________________________, Purchaser(s), personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. (SEAL) __________________________________ (Signature of Notary Public) My Commission Expires: _____________________(expiration date) Acknowledgment of Corporation – Purchaser STATE OF __________________ COUNTY OF ________________ On this _______ day of _________________________, __________, before me appeared ______________________________ and _____________________________, to me personally known, who, being by me duly sworn, did say that they are the ___________________________ and ____________________________, respectively, of _____________________________ , a ____________________________ corporation, Purchaser, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said officers severally acknowledged said instrument to be the free act and deed of said corporation. WITNESS my hand and official seal. (SEAL) __________________________________ (Signature of Notary Public) My Commission Expires: _____________________(expiration date) Acknowledgment of Individual – Lender(s) STATE OF __________________ COUNTY OF ________________ On this ________day of ___________________________, _________, before me, _______________________________________, personally appeared _____________________ ______________________________, Lender(s), personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. (SEAL) __________________________________ (Signature of Notary Public) My Commission Expires: _____________________(expiration date) Acknowledgment of Corporation – Lender STATE OF __________________ COUNTY OF ________________ On this _______ day of _________________________, __________, before me appeared ______________________________ and _____________________________, to me personally known, who, being by me duly sworn, did say that they are the ___________________________ and ____________________________, respectively, of _____________________________ , a ____________________________ corporation, Lender, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said officers severally acknowledged said instrument to be the free act and deed of said corporation. WITNESS my hand and official seal. (SEAL) __________________________________ (Signature of Notary Public) My Commission Expires: _____________________(expiration date)