Fill and Sign the This Agreement Dated as of This the Day of 20 is Made by 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 Chancery 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 with 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_________________________ - 2 - 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: _____________________ 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: _____________________