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Deed of Sale With Assumption of

This document is a Deed of Sale with Assumption of Mortgage between a Vendor and a Vendee for a parcel of land in Cavite, Philippines. The Vendor sells the property for P50,000, while the Vendee agrees to assume the unpaid mortgage balance of P725,000. The sale is contingent upon the approval of the mortgagee, FILINVEST LAND.

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Maricar Telan
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4 views4 pages

Deed of Sale With Assumption of

This document is a Deed of Sale with Assumption of Mortgage between a Vendor and a Vendee for a parcel of land in Cavite, Philippines. The Vendor sells the property for P50,000, while the Vendee agrees to assume the unpaid mortgage balance of P725,000. The sale is contingent upon the approval of the mortgagee, FILINVEST LAND.

Uploaded by

Maricar Telan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DEED OF SALE WITH ASSUMPTION

OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This DEED, made and executed in HUGO ,PEREZ TRESE MARTIRES


CAVITE, Philippines, by and between:

married to __________________, of legal age, Filipino Citizens and with


residence and postal address at
_____________________________________________, hereinafter called
the VENDOR.

– and –

_______________________, of legal age, single, Filipino Citizen, and with


residence and postal address at ________________________
_______________________________________, hereinafter called
the VENDEE.,

WITNESSETH: THAT-

WHEREAS, the VENDOR is the owner of certain parcels of land with all
the improvements existing thereon, situated at Molino, Bacoor, Cavite,
specifically described as follows:

TCT No. _____________


A parcel of land . . .

WHEREAS, the above-described properties are presently FINISHED the


Equity payment for a parcel of land at ROSEWOOD Subdivision Phase
1c Blk 7 lot 23 FILINVEST ,BRGY HUGO PEREZ ,SITAUTED AT PROVINCE
OF CAVITE TRECE MARTIRES.

NOW, THEREFORE, for and in consideration of the sum of P50,000


Philippine currency, the said VENDOR does hereby sell, transfer and
convey, in a manner absolute and irrevocable, unto the VENDEE, her
heirs and assigns the real property above described together with all
the improvements existing thereon, free and clear of all liens and
encumbrances excepting the mortgagee as may be subsisting in favor
of FILINVEST LAND.,

The VENDEE does hereby accept this sale and binds herself to assume
as she hereby assumes the payment of the unpaid balance of the
mortgage in indebtedness of the VENDOR amounting to P725,000 for
the loan as of this date in favor of the aforenamed mortgagee and
does hereby further agree to be bound by the precise terms and
conditions therein contained.

The SELLER shall secure the approval of the Mortgagee to the


assumption by the BUYER of the mortgages over the subject parcels of
land.

IN WITNESS WHEREOF, the parties hereto have hereunto set their


hands at the place first above written, on this __________________ at
____________________________.

_____________________ _______________________

TIN: _________________ TIN: __________________

Vendor Vendee

With my marital consent:

____________________

TIN: _______________
Spouse of Vendor

SIGNED IN THE PRESENCE OF:


_____________________ _____________________

ACKNOWLEDGMENT
Republic of the Philippines)

Makati City ) SS.

BEFORE ME, a Notary Public in and for Makati City, Philippines, this
___________________ personally appeared:

Name: Res. Cert. No./ Date/Place Issued

Passport No.

___________________ _______________ _____________________

___________________ _______________ _____________________

___________________ _______________ _____________________

known to me to be the same persons who executed the foregoing


instrument and she acknowledged to me that the same is their free
and voluntary act and deed.

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my


notarial seal on the date and at the place first above written.

Doc. No. _______;

Page No. _______;

Book No. ______;

Series of _________.

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