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.
Assignment And Assumption Agreement Example In Utah
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State:
Multi-State
Control #:
US-00424
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Word;
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Section1.2 Form of Assignment and Assumption Agreement. An assignment and assumption agreement transfers one party's rights and obligations to a third party.This Assignment, Assumption and Consent Agreement (Assignment) is effective as of.