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 Form In Texas
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State:
Multi-State
Control #:
US-00424
Format:
Word;
Rich Text
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Loan Assumption Addendum. Documents required are a warranty deed with vendor's lien and a deed of trust to secure assumption.1. Read the agreement carefully to understand the obligations. This document gives the Seller a lien on the property to secure the Buyer's promise to pay the mortgage.