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The Deed Of Sale Of Motor Vehicle With Assumption Of Mortgage is a specialized legal document used in Belgium when transferring ownership of a mortgaged vehicle. This document is essential when the seller has an existing mortgage on the vehicle and the buyer agrees to take over these financial obligations rather than the seller paying off the mortgage before the sale. The deed ensures compliance with Belgian civil law, financial regulations, and vehicle transfer requirements. It protects all parties' interests by clearly documenting the vehicle's details, sale price, mortgage terms, and transfer conditions. This document is particularly relevant in situations involving financed vehicles, dealer sales with existing liens, or private sales where mortgage assumption provides a practical solution for both parties. The deed must satisfy both Belgian vehicle registration authorities (DIV) and financial institutions' requirements.

1. Parties: Identification of the Seller, Buyer, and Current Mortgage Holder, including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the sale, current ownership status, and existence of mortgage on the vehicle

3. Definitions: Definitions of key terms used throughout the deed, including Vehicle, Purchase Price, Outstanding Mortgage, and Completion Date

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, chassis number, engine number, and current mileage

5. Purchase Price and Payment Terms: Total purchase price, payment structure, and method of payment

6. Mortgage Assumption Details: Terms of the mortgage being assumed, including outstanding amount, interest rate, and payment schedule

7. Transfer of Ownership: Terms and conditions for the transfer of vehicle ownership and associated documentation

8. Seller's Representations and Warranties: Warranties regarding vehicle ownership, condition, and absence of other encumbrances

9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and understanding of mortgage obligations

10. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation

11. Completion Requirements: Conditions that must be met for the sale to complete

12. Governing Law: Confirmation that the deed is governed by Belgian law

13. Signatures: Execution block for all parties including witnesses and notary where required