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 Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00424
Format:
Word;
Rich Text
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Purpose: To release original borrower from liability under the mortgage. Distribution: Recorded original to Servicer.Any legal suit, action or proceeding arising out of or based upon this Agreement or the Activities shall be venued in the Hennepin County. I agree that this Agreement is to be construed broadly to provide a release, indemnification and waiver to the maximum extent permissible under applicable law.