Mississippi Administrative Code
Title 25 - Military and Veterans - Veterans' Home Purchase Board
Part 202 - Loan Policies
Chapter 8 - Loan Assumption Policy
Exhibit 25-202-8-A

Universal Citation: MS Code of Rules 25-202-8-A
Current through September 24, 2024

By acceptance of this deed, Grantees herein, as part of the purchase price and consideration for this deed, assume the obligations and agree to pay the indebtedness evidenced by that certain Deed of Trust made by _________________________ on __________________ , to Veterans' Home Purchase Board, which Deed of Trust is recorded in the Office of the Chancery Clerk, ________________________ County, Mississippi, Book ____________ , page ________ . And for the same consideration Grantees hereby assume the obligations of _________________________________ , under the terms of the Deed of Trust and the Note creating the loan, to indemnify the Department of Veterans Affairs to the extent of any claim payment arising from the guaranty of insurance of the indebtedness above mentioned. This liability to the Department of Veterans Affairs is under the authority of Chapter 37, Title 38 of the United States Code, and supersedes any State or local law barring or limiting deficiencies following foreclosure of real property.

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Grantee

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Grantee

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Grantor

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Grantor

Miss. Code Ann. § 35-7-7

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