Fill and Sign the Assumption of Deed of Trust and Release of One of Original Borrowers California Form

Assumption of Deed of Trust, and Release of One of Original Borrowers Prepared By and After Recording Return to: ______________________________________ ______________________________________ ______________________________________ Send Tax Statements to (Grantee Name and Address): ______________________________________ ______________________________________ ______________________________________ --------Above This Line Reserved For Official Use Only-------- ASSUMPTION OF DEED OF TRUST AGREEMENT (Release of Original Borrowers) WHEREAS, __________________________________________ (Name of Lender) , hereinafter referred to as Lender , loaned _______________________________________ (Name of each Borrower) , hereinafter referred to as Borrowers , whether one or more, the sum of ______________ Dollars ($____________), as evidenced by note and deed of trust dated ______________________________ (date of note and deed of trust) and recorded in Book ___ _____ _ at Page _______ of the Public Records of the _____________________ (Name of County) County Recorder, State of California . WHEREAS, said _________________________________ (Name of Grantor/Borrower) has sold said property to the remaining Borrower, _______________________________ (Name of Remaining Borrower) , hereinafter referred to as Purchaser , and said Purchaser desires to assume and agree to pay said indebtedness and perform all the obligations of ________________________________ (Name of Grantor/Borrower) , and _______________________________ (Name of Grantor/Borrower) desires to be released from said obligations, and Lender is willing to accept said assumption and release said _____________________________________ (Name of Grantor/Borrower) . THEREFORE, for and in consideration of the premises and other good and valuable considerations, the undersigned Purchaser hereby assumes and agrees to pay the indebtedness evidenced by said note and deed of trust and perform all of the obligations provided therein, it being agreed and understand that as of this date said indebtedness is: _____________________________Dollars ($_____________), 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 $ ______________________ 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 ____________________________ (Name of Grantor/Borrower) upon their personal obligation upon said indebtedness. This assumption by said Purchaser shall bind her, as well as her heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, the parties have hereunto executed this instrument, this ___________________________________ (date) . _______________________________ _______________________________ Printed Name of Witness Printed Name of Borrower Address: _____________________________ _____________________________ _____________________________ ___________________________________ Printed Name of Witness Address: _____________________________ _____________________________ _____________________________ __________________________________ _____________________________ Printed Name of Witness Printed Name of Purchaser Address: _____________________________ _____________________________ _____________________________ __________________________________ Printed Name of Witness Address: _____________________________ _____________________________ _____________________________ _________________________________ ________________________________ Printed Name of Witness Printed Name of Lender Address: By: _____________________________ _____________________________ _____________________________ Name and Office of Officer _____________________________ _____________________________ ___________________________________ Printed Name of Witness Address: _____________________________ _____________________________ _____________________________ Acknowledgment of Borrower State of ________________________ County of On __________________________________ (date) before me, ____________________ _____________________________________ (here insert name and title of the officer) , personally appeared ___________________________________ (Name of Borrower) , who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) Acknowledgment of Purchaser State of California County of On ____________________________________ (date) before me, __________________ _____________________________________ (here insert name and title of the officer) , personally appeared _____________________________________ (Name of Purchaser) , who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) Acknowledgment of Lender(s) State of California County of On _____________________________ (date) before me, _________________________ ____________________________ (here insert name and title of the officer) , personally appeared ___________________________________ (Name of Officer of Lender) , the ______________________________________ (Name of Office) of ________________ _______________________ (Name of Lender) , who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal)