Mortgage Assumption Agreement (Page 3 of 4) in pdf

Mortgage Assumption Agreement Page 3

the closing of the transaction described herein.

8. Paragraph Headings. The paragraph headings used herein are for convenience of

reference only and shall not be used in the interpretation or construction hereof.

9. Governing Law. This Agreement shall be governed, interpreted and construed by,

through and under the laws of the State of _____________________(19)______.

10. Time of the Essence. Time is of the essence of this Agreement.

11. Attorneys' Fees. All costs incurred by Lender in enforcing this Agreement and in

collection of sums due Lender from Borrower, to include, without limitation, reasonable attorneys'

fees through all trials, appeals, and proceedings, to include, without limitation, any proceedings

pursuant to the bankruptcy laws of the United States and any arbitration proceedings, shall be

paid by Borrower.

12. Binding Effect. This Agreement shall inure to the benefit of and be binding upon the

parties hereto as well as their successors and assigns, heirs and personal representatives.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as

follows:

As to Lender this ___________(20)______ day of __________________(21)___________,

____________(22)_.

"LENDER"

WITNESSES:

_________(23)______________

____________(24)_______________

_________(23)______________

As to Borrower this (20) day of _______________(21)_____________, ________(22)________.

"BORROWER"

WITNESSES:

_________(23)______________

___________(25)________________

_________(23)______________

STATE OF ________________(26)_________)

)

COUNTY OF ______________(27)_________)

THE FOREGOING instrument was acknowledged before me this (28) day of _______

(29)________________, ______________(30)__________, by ________(31)________.

___________(32)_______________

Notary Public

Mortgage Assumption Agreement Page 3