This mortgage assumption agreement allows a new borrower ("Borrower") to assume an existing mortgage from the original borrower. The "Assumption" part of the phase is what is not familiar to us.In Spanish, an assignment and assumption agreement is referred to as "acuerdo de cesión y asunción". Release of Liability Waiver Assumption Agreement filled out and signed. Experience a spectacular train ride through the Royal Gorge in comfort. We combine breathtaking scenery and exceptional service with delicious food.