Requirements for assumptions of mortgages.

An assumption of mortgage presented for filing and recording must: (a) Be signed by or on behalf of each original mortgagor, each mortgagee, and each assuming party; and (b) Recite the following: (1) The name and address of each original mortgagor and the interest in the vessel mortgaged; and (2) The name and address of each assuming party and the interest in the mortgage assumed.