Common use of Assumption Fee Clause in Contracts

Assumption Fee. In consideration of Lender’s consenting to the conveyance of the Property to the Borrower, Lender is entitled to, and has earned, an assumption fee in the amount of   percent ( %) of the original principal face amount of the indebtedness evidenced by the Note. Said fees shall be due and payable upon the execution and delivery of this Agreement. Borrower hereby agrees and acknowledges that said fee is being charged solely for costs relating to the assumption of the Mortgage and not as interest for the forbearance or use of money.

Assumption Fee. In consideration of Lender’s 's consenting to the conveyance of the Property to the Borrower, Lender is entitled to, and has earned, an assumption fee in the amount of   _(18)_ percent ( %( %) of the original principal face amount of the indebtedness evidenced by the Note. Said fees fee shall be due and payable upon the execution and delivery of this Agreement. Borrower hereby agrees and acknowledges that said fee is being charged solely for costs relating to the assumption of the Mortgage and not as interest for the forbearance or use of money.

Assumption Fee. In consideration of Lender’s ▇▇▇▇▇▇'s consenting to the conveyance of the Property to the Borrower, Lender ▇▇▇▇▇▇ is entitled to, and has earned, an assumption fee in the amount of   percent ( %( %) of the original principal face amount of the indebtedness evidenced by the Note. Said fees fee shall be due and payable upon the execution and delivery of this Agreement. Borrower ▇▇▇▇▇▇▇▇ hereby agrees and acknowledges that said fee is being charged solely for costs relating to the assumption of the Mortgage and not as interest for the forbearance or use of money.