Fill and Sign the This Space is Reserved for the Register of Deeds Form

Assumption Agreement Page 1 of 9 This space is reserved for the Register of Deeds ______________________________________________________________________________ ASSUMPTION AGREEMENT WHEREAS ______________________________ hereinafter referred to as “Lender,” loaned ______________________________ or ______________________________ , a ____________ , corporation, hereinafter referre d to as “Borrower(s),” whether one or more, the sum of ________________________ Dollars ($ ____________ ), as evidenced by note and Deed of Trust or Mortgage dated and recorded in Book at Page ______ of the Public Records of the Register of Deeds for __________________ County, State of __________________ . 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 sai d note and Deed of Trust or 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. $ ______ ____________ Total $ __________________ per month, and that in all other aspects, all terms and conditions of sa id 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. Assumption Agreement Page 2 of 9 This assumption by said Purch aser(s), if more than one, is joint and several and shall bind them, their heirs, personal representatives, successors and assigns. 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: Assumption Agreement Page 3 of 9 Witness Purchaser (if individual) Address: Witness: Address: Witness Purchaser (if individual) Address: Witness: Address: Witness Purchaser (if corporation) Address: Witness: Address: Assumption Agreement Page 4 of 9 Witness Lender(if individual) Address: Witness: Address: Witness Lender(if individual) Address: Witness: Address: Witness Lender(if Corporation) Address: Witness: Address: Assumption Agreement Page 5 of 9 Acknowledgment of Individual – Borrower(s) State of __________________ County of __________________ Be it remembered, that on this ______ day of __________ ________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, came ______________________________ , who is/are personally known to me to be the same person(s) who executed the within instrument of writing, and duly acknowledged the execution of the same. In witness whereo f, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name State of __________________ County of __________________ Be it remembered, that on this ______ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, came ______________________________ , who is/are personally known to me to be the same person(s) who executed the within instrument of writing, and duly acknowledged the execution of the same. In witness whereof, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name Assumption Agreement Page 6 of 9 Acknowledgment of Corporation – Borrower State of __________________ County of __________________ Be it remembered, that on this ______ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, came ____ __________________________ , President of ________________________ , a corporation duly organized, incorporated and existing under and by virtue of the laws of __________________ , who is personally known to me to be the same person who executed, as such officer, the within instrument on beha lf of said corporation, and such person duly acknowledged the execution of the same to be the act and deed of said corporation. In witness whereof, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name Acknowledgment of Individual – Purchaser(s) State of __________________ County of __________________ Be it remembered, that on this ______ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, ca me ______________________________ , who is/are personally known to me to be the same person(s) who executed the within instrument of writing, and duly acknowledged the execution of the same. In witness whereof, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name Assumption Agreement Page 7 of 9 State of __________________ County of __________________ Be it remembered, that on this ______ day of ____ ______________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, came ______________________________ , who is/are personally known to me to be the same person(s) who executed the within instrume nt of writing, and duly acknowledged the execution of the same. In witness whereof, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name Acknowledgment of Corporation – Purchaser State of __________________ County of __________________ Be it remembered, that on this ______ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary P ublic in and for the County and State aforesaid, came ______________________________ , President of ________________________ , a corporation duly organized, incorporated and existing under and by virtue of the laws of __________________ , who is personally known to me to be the same person who executed, as suc h officer, the within instrument on behalf of said corporation, and such person duly acknowledged the execution of the same to be the act and deed of said corporation. In witness whereof, I have hereunto set my hand and affixed my official seal, the day a nd year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name Assumption Agreement Page 8 of 9 Acknowledgment of Individual – Lender(s) State of __________________ County of ____ ______________ Be it remembered, that on this ______ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State afore said, came ______________________________ , who is/ are personally known to me to be the same person(s) who executed the within instrument of writing, and duly acknowledged the execution of the same. In witness whereof, I have hereunto set my hand and affixed my official seal, the day and year last above w ritten. Notary Public, State of __________________ My commission expires: Type or Print Name State of __________________ County of __________________ Be it remembered, that on this ______ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, ca me ______________________________ , who is/are personally known to me to be the same person(s) who executed the within instrument of writing, and duly acknowledged the execution of the same. In witness whereof, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name Assumption Agreement Page 9 of 9 Acknowledgment of Corporation – Lender State of __________________ County of __________________ Be it remembered, that on this ____ __ day of __________________ , A,D., 20 ______ , before me ,the undersigned, a Notary Public in and for the County and State aforesaid, came ______________________________ , President of ________________________ , a corporation duly organized, incorporated and existing under and by virtue of the laws of __________________ , who is personally known to me to be the same person wh o executed, as such officer, the within instrument on behalf of said corporation, and such person duly acknowledged the execution of the same to be the act and deed of said corporation. In witness whereof, I have hereunto set my hand and affixed my offici al seal, the day and year last above written. Notary Public, State of __________________ My commission expires: Type or Print Name