Purchase price, subject to prorations, shall be paid by payment of $_____(which includes earnest money previously paid) in cash, cashier's or certified check, and the balance by the purchaser taking title (subject to and assuming as of the date of closing and agreeing to pay the indebtedness secured by the existing mortgage or trust deed dated _________, recorded or registered in _________ County, _________, as Document No. _________, and evidenced by a note currently held by _________ having an unpaid balance as of this date of $_____ and bearing _____% interest per annum on unpaid principal, provided that note is not in default on date of closing. The note is payable in _________ installments per year (including principal, interest, tax and insurance deposits, and loan guarantee insurance) of $_____ each, final payment being due on _________[date]. The parties agree to sign a written assumption agreement with and in a form satisfactory to the legal holder of the note, assumption expense to be paid by the purchaser not to exceed $_____, and balance, if any, to be paid by seller, the seller also to remain obligated to the legal holder if the legal holder so demands. The amount of cash due to seller shall be adjusted depending on the actual principal balance due on the note at time of closing.