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US Legal Forms
Agreements - Agreement Forms
Assumption Agreement of Loan Payments

Assumption Agreement Form In Illinois

Category:

Loans and Lending - Assumptions

State:

Multi-State

Control #:

US-00424

Format:

Word;

Rich Text

Instant download

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Description

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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Adhere to the instructions below to fill out Assumption Agreement of Mortgage and Release of Original Mortgagors - Illinois online quickly and easily. An assignment and assumption agreement is a contract that allows one of the parties to transfer their contractual rights and duties to another party.It allows one party to "assume" the rights and responsibilities of the other party.