Fill and Sign the Assumption Form

- 1 - ASSUMPTION AGREEMENT THIS AGREEMENT, dated as of this the ____ day of ___________________, 20_____, is made by and among ___________________ ("Purchaser/Grantee") and ___________________, ("Grantor"). WITNESSETH: WHEREAS, Grantor owns certain property located in ______ County, __________________; and WHEREAS, _________________ is also the holder of a lien on the property described in said ___________________ Deed of Trust pursuant to a Deed of Trust dated ___________________, 20____________ and recorded in the office of the aforesaid ________ Clerk in Deed of Trust Record Book ___________________ at Page ___________________ (the "Deed of Trust"), which secures a debt in the amount of _______ dollars, with payment of __________ per month; and WHEREAS, Grantor desires to convey said property to Grantee and Grantee agrees to assume the lien and loan thereon. NOW, THEREFORE, for valuable consideration, Grantor and Grantee do hereby agree as follows: 1. Grantor agrees to convey property owned by Grantee described as follows: 2. Grantee does hereby assume the aforesaid lien, deed of trust and debt to _________ and agrees to indemnify Grantor for the payment of same. This assumption is effective wi th the payment due for the month of ______, 20_______. 3. The consent of ________, Lender to this assumption is/is not a condition of this assumption. IN WITNESS WHEREOF, the parties hereto have executed this Subordination Agreement on the day and year first above written. Grantor____________________ Grantee STATE OF ___________________ ____________________ - 2 - COUNTY OF ___________________Personally appeared before me, the undersigned authority in and for the said County and State, on this ________ day of ___________________, 20______, within my jurisdiction, the within named ___________________, who acknowledged that she/he signed, delivered and executed the above and foregoing agreement. SWORN TO AND SUBSCRIBED BEFORE ME, THIS THE ____ DAY OF ___________________, 20_____. _____________________________ NOTARY PUBLIC My Commission Expires: _____________________ STATE OF ___________________ COUNTY OF ___________________ Personally appeared before me, the undersigned authority in and for the said County and State, on this ________ day of ___________________, 20___, within my jurisdiction, the within named ___________________, who acknowledged that she/he signed, delivered and executed the above and foregoing Agreement SWORN TO AND SUBSCRIBED BEFORE ME, THIS THE ____ DAY OF ___________________, 20__. _____________________________ NOTARY PUBLIC My Commission Expires: _____________________