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Deed of assumption of mortgage sample

Assumption Agreement of Mortgage and Release of Original Mortgagors - Kansas 2026

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The document is an Assumption Agreement in which a Purchaser agrees to assume the debt obligations of a Borrower towards a Lender, following the sale of property. It outlines the terms of the loan, including the amount, interest rate, and payment schedule, while releasing the original Borrower from their obligations. The agreement includes sections for signatures and notarization from all parties involved.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the Lender's name and the Borrower's details, including their corporation status if applicable. Ensure all names are accurate as they will be legally binding.
Next, specify the loan amount in both words and figures. This is crucial for clarity in financial obligations.
Indicate the interest rate and monthly payment details, including principal, taxes, insurance, and any other fees. This section outlines the financial responsibilities of the Purchaser(s).
Complete the witness sections for all parties involved. Each party must have a witness present during signing to validate the agreement.
Finally, ensure that all necessary acknowledgments are filled out correctly by a Notary Public to finalize the document.

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