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This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
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Below is a list of common sections included in Assignment And Assumption Agreements. These sections are linked to the below sample agreement for you to explore., a Texas corporation. Once you go into a purchase and sale agreement with your seller you need an assignment agreement to assign that to your end buyer.
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Assignment And Assumption Agreement Example In Bexar