{ASSUMPTION OF DEED OF TRUST AGREEMENT - PARTIAL FORM}(Release of Original Borrowers) 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 deed of trust dated and recorded in Book at Page ______ of the Public Records of the __________________ County Recorder, State of California. 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 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 $ __________________
Posted on: Wed, 09 Oct 2013 04:26:19 +0000
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