An assumption of mortgage presented for filing and recording must:

1. (a) Be signed by or on behalf of each original mortgagor, each mortgagee, and each assuming party; and

2. (b) Recite the following:

   1. (1) The name and address of each original mortgagor and the interest in the vessel mortgaged; and
   2. (2) The name and address of each assuming party and the interest in the mortgage assumed.