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.
Assumption Agreement With Release Of Liability In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00424
Format:
Word;
Rich Text
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If you assume the mortgage, you're liable to the lender. If the lender releases me, I'm no longer liable to the lender.Landlord's consent shall not be deemed a release of any liability of Assignor under the Lease except as set forth above. Any subsequent transfer of any Assets or Liabilities Assumed to any Subsidiary or Affiliate ofthe.