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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.
This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. This assignment and assumption agreement template includes a novation agreement and may be used to transfer an agreement from one party to another.WHEREAS, Assignor desires to be discharged and County is willing to release.
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Assignment And Assumption Agreement With Novation In Broward