Assumption by MVI Clause Samples

Assumption by MVI. MVI does hereby assume and agree to pay the indebtedness evidenced by the Note, as heretofore renewed, modified and extended, and to keep, observe and perform the obligations, covenants and agreements under the Note, in the manner, at the times, and in all other respects as therein provided. MVI further assumes all obligations of SNF under the Deed of Trust, and to keep, observe and perform the obligations, covenants and agreements under the Deed of Trust.