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Assumption Agreement of Mortgage and Release of Original Mortgagors - South Carolina

Assumption Agreement of Mortgage and Release of Original Mortgagors - South Carolina 2026

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The document is a legal form for the Assumption of Mortgage/Deed of Trust in South Carolina, prepared by U.S. Legal Forms, Inc. It provides instructions for completing the forms using Microsoft Word, including how to unlock and fill in the fields. The document outlines the agreement between a lender and borrower(s) regarding the assumption of an existing mortgage by new purchasers, detailing obligations, payment terms, and necessary acknowledgments by all parties involved. It includes disclaimers about the use of the forms and advises consulting an attorney for serious legal issues.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Lender's name in the designated field, followed by the Borrower's name(s) and their corporation type if applicable.
Fill in the loan amount and details regarding the mortgage, including dates and recording information as required.
Specify the Purchaser(s) who will assume the mortgage obligations, ensuring all parties are clearly identified.
Complete the financial details such as total indebtedness, interest rate, and monthly payment amounts for principal, taxes, and insurance.
Ensure all witnesses sign in their respective fields, providing addresses where indicated.
Finally, complete notary acknowledgment sections for each party involved to validate the document legally.

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