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Assumption of Mortgage Agreement

This Agreement made on [Date], by and between [Seller's Name] (hereinafter referred to as
"Seller"), and [Buyer's Name] (hereinafter referred to as "Buyer").

Whereas, the Seller has executed a mortgage (hereinafter referred to as the "Mortgage") on a
Scania Prime Mover (hereinafter referred to as the "Vehicle") with [Lender's Name] (hereinafter
referred to as the "Lender"); and

Whereas, the Buyer desires to purchase the Vehicle from the Seller and assume the Mortgage.

Now, therefore, in consideration of the mutual promises and covenants contained herein, the
parties agree as follows:

1. Purchase Price. The Buyer agrees to pay the Seller [Purchase Price] for the Vehicle. The Buyer
acknowledges that the Vehicle is subject to the Mortgage.

2. Assumption of Mortgage. The Buyer assumes the Mortgage on the Vehicle and agrees to
indemnify and hold harmless the Seller from any liability related to the Mortgage.

3. Representations and Warranties. The Seller represents and warrants that the Mortgage is
valid and enforceable and that the Seller has the right to sell the Vehicle subject to the
Mortgage.

4. Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the state where the Vehicle is located.

5. Entire Agreement. This Agreement constitutes the entire agreement between the parties and
supersedes all prior negotiations, understandings, and agreements between the parties.

6. Counterparts. This Agreement may be executed in counterparts, each of which shall be


deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.

[Seller's Signature] [Buyer's Signature]

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