Assumption of Loan. Buyer shall assume Seller’s existing mortgage (the “Mortgage”) owed to [financial institution], dated , having a present balance of $ . Buyer agrees to assume and pay the Mortgage in accordance with its terms for all payments due after the Closing. All fees associated with the transfer of the Mortgage shall be paid by [Seller/Buyer].
Appears in 2 contracts
Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement
Assumption of Loan. (Check one) ☐ Buyer shall assume Seller’s existing mortgage (the “Mortgage”) owed to [financial Financial institution], dated , 20 , having a present balance of $ . ☐ Buyer agrees to assume and pay the Mortgage in accordance with its terms for all payments due after the Closing. All fees associated with the transfer of the Mortgage shall be paid by [(Check one) ☐ Buyer. Seller ☐ Buyer shall NOT assume Seller/Buyer]’s existing mortgage.
Appears in 1 contract
Samples: Real Estate Purchase Agreement
Assumption of Loan. (Check one) ☐ Buyer shall assume Seller’s existing mortgage (the “Mortgage”) owed to [financial Financial institution], dated , 20 , having a present balance of $ . Buyer agrees to assume and pay the Mortgage in accordance with its terms for all payments due after the Closing. All fees associated with the transfer of the Mortgage shall be paid by [(Check one) ☐ Seller ☐ Buyer. ☐ Buyer shall NOT assume Seller/Buyer]’s existing mortgage.
Appears in 1 contract
Samples: Real Estate Purchase Agreement
Assumption of Loan. Buyer shall assume Seller’s existing mortgage (the “Mortgage”) owed to _________________ [financial institution], dated ___________, having a present balance of $ $__________. Buyer agrees to assume and pay the Mortgage in accordance with its terms for all payments due after the Closing. All fees associated with the transfer of the Mortgage shall be paid by [Seller/Buyer].
Appears in 1 contract
Samples: Real Estate Purchase Agreement
