Fill and Sign the Mortgage Assumption Agreement Florida Fill Online Printable 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.
And lii , the sum of 1( ) per month, or () (or 1( ) ) per month, (or 1( ) ), (or 1() ) per month, in the sum and a half (1 half) of the annualized tax revenue, annualized hazard insurance premium rate per annum, and the per annum hazard insurance premium rate. . , if any, , and all other amounts owed by the undersigned purchaser(s), and all amounts owed by any predecessor of the undersigned purchaser(s), to any corporation or company or to any other person or entity with which the undersigned purchaser(s) are dealing (except any amounts owed as a result of past, actual, threatened, or threatened future foreclosure, legal or equitable condemnation claims and any amounts owed as a result of past, actual, threatened, or threatened foreclosures, legal or equitable condemnation claims, liens, actions, and judgments). (2) (a) to the fullest extent permitted by law the undersigned purchaser hereby releases, on behalf of the entire estate and trust (including any successor to or assignee of the estate and trust, whether by operation of law, contract, trust, by operation of trust or otherwise) and all persons directly or indirectly under the ownership of said estate and trust, and of the estates and trusts of which it is the trustee, and of the heirs and administrators and assigns of said estates and trusts, from all liability, civil and criminal, to cause or prevent, directly or indirectly, said heirs or administrators or assigns from holding or executing any estate or trust or from performing any deed, assignment, or other obligation hereunder and to all persons or entities of which said estate or trust is a party or which may come into any claim or demand under any estate or trust as hereunder. Further and forever, the undersigned purchaser and heirs and administrators and assigns hereby unconditionally waive and release and covenant and agree in substitution of any other covenant, representation, or other agreement hereunder or here without and agree that they will not sue, prosecute, or pursue any action or cause or claim whatsoever arising from anything said herein to be done, done , or to be done . It is also understood that such release does not relieve such parties in any way from any liability which could arise herewith. It is also understood and agreed that the underwriters are sole and complete guarant.