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Deed of Assignment

This document is a Deed of Assignment between Brusima Company, Inc. and Ellimac Prime Holdings, Inc. Brusima Company assigns all rights, interests, and participation in a mortgage on a 10,274 square meter property in Bulacan and a judgment in a civil case to Ellimac Prime Holdings in exchange for PHP 25 million. The assignment transfers the mortgage and obligation it secures as well as the judgment debt to Ellimac Prime Holdings.

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212 views3 pages

Deed of Assignment

This document is a Deed of Assignment between Brusima Company, Inc. and Ellimac Prime Holdings, Inc. Brusima Company assigns all rights, interests, and participation in a mortgage on a 10,274 square meter property in Bulacan and a judgment in a civil case to Ellimac Prime Holdings in exchange for PHP 25 million. The assignment transfers the mortgage and obligation it secures as well as the judgment debt to Ellimac Prime Holdings.

Uploaded by

JessiePatron
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Deed of Assignment

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Assignment, made and executed this ……day of September, 2005,
in the City of Manila, by and between:

BRUSIMA COMPANY, INC., a corporation duly organized and


existing under Philippine laws with principal office at 87 Santolan Road,
Quezon City, represented by Atty. Danilo L. Patron and Eduardo Garcia
who have been duly authorized by resolution of its Board of Directors
certified under oath by its corporate secretary copy of which is attached as
Annex “A”, hereinafter referred to as the Assignor;

- and -

ELLIMAC PRIME HOLDINGS, INC., a corporation duly


organized and existing under Philippine laws with principal office at 900
Romualdez St., Paco, Manila, represented herein by its Chairman, LUCIO
L. CO, duly authorized by resolution of its Board of Directors certified
under oath by its corporate secretary copy of which is attached as Annex
“B”, hereinafter referred to as the Assignee—

WITNESSETH:

WHEREAS, the Assignor is the mortgagee of the parcel of land situated at Brgy.
Sto. Cristo (now Bagong Nayon), Baliuag, Bulacan consisting of Ten Thousand Two
Hundred Seventy Four (10,274) Square Meters covered by Transfer Certificate of Title
No. T-53006, Book T-266, Page 6 of the Registry of Deeds for the Province of Bulacan
in the names of Conchita Venturina Umali married to Jaime Umali, Manuel Venturina
married to Theresa Espino, and Gerald Venturina married to Cynthia Ramos, mortgagors;

WHEREAS, the Assignor is also the plaintiff and judgment creditor in Civil Case
No. Q-03-50759 entitled, “Brusima, Inc. vs. Sps. Conchita Venturina and Jaime Umali,
Sps. Manuel Venturina and Theresa E. Venturina, and Sps. Gerald Venturina and Cynthia
R. Venturina,” on file with the Regional Trial Court, Branch 223, Quezon City;

WHEREAS, the parties have agreed to the assignment by the Assignor of the said
mortgage and judgment debt in favor of the Assignee subject to the terms and conditions
hereinafter set forth;

NOW, THEREFORE, the parties have agreed:

For and in consideration of the sum of TWENTY FIVE MILLION PESOS


(Php25,000,000) receipt of which is hereby acknowledged, the Assignor hereby assigns,
cedes, transfers and conveys in a manner that is absolute unto the Assignee all its rights,
interests, and participation to the following:

a. The mortgage and the obligation secured thereby over the parcel
of land situated at Brgy. Sto. Cristo (now Bagong Nayon), Baliuag,
Bulacan consisting of Ten Thousand Two Hundred Seventy Four (10,274)
Square Meters annotated as Entry No. 303899 on Transfer Certificate of
Title No. T-53006, Book T-266, Page 6 of the Registry of Deeds for the
Province of Bulacan, copy of which is attached as Annex “C”;

b. The judgment debt of the defendants/judgment debtors in Civil


Case No. Q-03-50759 entitled, “Brusima, Inc. vs. Sps. Conchita Venturina
2

and Jaime Umali, Sps. Manuel Venturina and Theresa E. Venturina, and
Sps. Gerald Venturina and Cynthia R. Venturina,” on file with the
Regional Trial Court, Branch 223, Quezon City;

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
………day of September, 2005 at Manila.

BRUSIMA CO., INC. ELLIMAC PRIME HOLDINGS, INC.


Assignor Assignee

By: By:

ATTY. DANILO L. PATRON LUCIO L. CO


Chairman

and

EDUARDO V. GARCIA

Signed in the presence and with the consent of:

CONCHITA VENTURINA UMALI

With the conformity of her husband:

JAIME UMALI

MANUEL VENTURINA

With the conformity of his wife:

TERESA ESPINO

GERARD VENTURINA

With the conformity of his wife:

CYNTHIA RAMOS

ACKNOWLEDGMENT
3

REPUBLIC OF THE PHILIPPINES )


CITY OF MANILA ) SS.
x--------------------------------------------x

BEFORE ME, a notary public for and in the City of Manila personally appeared:

Names Comm.
Tax Cert. No. Issued at/on TIN

Brusima Co., Inc. 005-519-359

Danilo L. Patron 15906551 1-06-2005/San Juan 145-330-542

Eduardo Garcia 05362022 7-28-2005/QC 240-502-281

Ellimac Prime
Holdings, Inc. 00088662 Valenzuela City/Jan. 28, 2005005-501-238

Lucio L. Co 21836912 Manila/Jan. 28, 2005 108-975-971

Conchita Venturina Umali

Jaime Umali

Manuel Venturina

Teresa Espino

Gerard Venturina

Cynthia Ramos

known to me as the same persons who executed the foregoing Deed of Aassignment and
they acknowledged before me that the same is their free and voluntary act and deed.

The foregoing document is a Deed of Assignment of real estate mortgage of a


parcel of land situated at Brgy. Sto. Cristo, Baliuag, Bulacan and of the judgment in Civil
Case No. Q-03-50759 entitled, “Brusima, Inc. vs. Sps. Conchita Venturina and Jaime
Umali, Sps. Manuel Venturina and Theresa E. Venturina, and Sps. Gerald Venturina and
Cynthia R. Venturina,” on file with the Regional Trial Court, Branch 223, Quezon City.
It consists of three (3) pages including this page where the acknowledgment is written
signed by the parties and their witnesses on every page.

IN WITNESS WHEREOF, I have hereunto affixed my signature this …….day of


September, 2005 at Manila.

Doc. No. …….


Page No. …….
Book No. …….
Series of 2005

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