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

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 or Deed of Trust dated ________________________ and recorded in Book       at Page ______ of the Public Records of the County Clerk of __________________ County State of Indiana . 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. Assumption Agreement Page 1 of 9 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) Assumption Agreement Page 2 of 9 Address:                         Witness: Address:                               Witness Purchaser (if individual) Address:                         Witness: Address:                               Witness Purchaser (if corporation) Address:                         Witness: Address:                               Witness Lender(if individual) Address:                   Assumption Agreement Page 3 of 9       Witness: Address:                               Witness Lender(if individual) Address:                         Witness: Address:                               Witness Lender(if Corporation) Address:                         Witness: Address:                   Acknowledgment of Individual – Borrower(s) STATE OF INDIANA COUNTY OF __________________ Before me, the undersigned, a Notary Public, in and for said County and State, this _________ day of __________________ , ______ , personally appeared Assumption Agreement Page 4 of 9 ______________________________ , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. Notary Public My commission expires:       Type or Print Name My county of residence: STATE OF INDIANA COUNTY OF __________________ Before me, the undersigned, a Notary Public, in and for said County and State, this _________ day of __________________ , ______ , personally appeared ______________________________ , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. Notary Public My commission expires:       Type or Print Name My county of residence: Acknowledgment of Corporation – Borrower STATE OF INDIANA COUNTY OF __________________ Before me, a Notary Public in and for said County and State, personally appeared ______________________________ and ______________________________ , the __________________ and __________________ , respectively, of __________________ , who acknowledged execution of the foregoing ________________________ for and on behalf of Assumption Agreement Page 5 of 9 said __________________ , and who, having been duly sworn, stated that the representations therein contained are true. Notary Public My commission expires:       Type or Print Name Acknowledgment of Individual – Purchaser(s) STATE OF INDIANA COUNTY OF __________________ Before me, the undersigned, a Notary Public, in and for said County and State, this _________ day of __________________ , ______ , personally appeared ______________________________ , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. Notary Public My commission expires:       Type or Print Name My county of residence: STATE OF INDIANA COUNTY OF __________________ Before me, the undersigned, a Notary Public, in and for said County and State, this _________ day of __________________ , ______ , personally appeared ______________________________ , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. Notary Public My commission expires:       Assumption Agreement Page 6 of 9 Type or Print Name My county of residence: Acknowledgment of Corporation – Purchaser STATE OF INDIANA COUNTY OF __________________ Before me, a Notary Public in and for said County and State, personally appeared ______________________________ and ______________________________ , the __________________ and __________________ , respectively, of __________________ , who acknowledged execution of the foregoing ________________________ for and on behalf of said __________________ , and who, having been duly sworn, stated that the representations therein contained are true. Notary Public My commission expires:       Type or Print Name Acknowledgment of Individual – Lender(s) STATE OF INDIANA COUNTY OF __________________ Before me, the undersigned, a Notary Public, in and for said County and State, this _________ day of __________________ , ______ , personally appeared ______________________________ , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. Notary Public My commission expires:       Assumption Agreement Page 7 of 9 Type or Print Name My county of residence: STATE OF INDIANA COUNTY OF __________________ Before me, the undersigned, a Notary Public, in and for said County and State, this _________ day of __________________ , ______ , personally appeared ______________________________ , said person being over the age of 18 years, and acknowledged the execution of the foregoing instrument. Notary Public My commission expires:       Type or Print Name My county of residence: Acknowledgment of Corporation – Lender STATE OF INDIANA COUNTY OF __________________ Before me, a Notary Public in and for said County and State, personally appeared ______________________________ and ______________________________ , the __________________ and __________________ , respectively, of __________________ , who acknowledged execution of the foregoing ________________________ for and on behalf of said __________________ , and who, having been duly sworn, stated that the representations therein contained are true. Notary Public My commission expires:       Type or Print Name Assumption Agreement Page 8 of 9 This Instrument was prepared by:                         Signature       Print or Type Name Affirmation Statement I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. Signature       Print or Type Name Assumption Agreement Page 9 of 9