Deed of Sale with Assumption of Mortgage
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Publié par
jolaslucas
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DEED OF SALE WITH ASSUMPTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENT:
This Deed of Absolute Sale, made and entered into by and between;
CRISTINA D.
LUY, of legal age, Filipino, married to
Marc Anthony C.
Luy, resident of Merville...
[Plus]
DEED OF SALE WITH ASSUMPTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENT:
This Deed of Absolute Sale, made and entered into by and between;
CRISTINA D.
LUY, of legal age, Filipino, married to
Marc Anthony C.
Luy, resident of Merville Subd.
, Tagum City,
Davao del Norte, herein referred to as the VENDOR; and
JOSEPHINE A.
LUCAS, also of legal age, Filipino, single, resident
of Lorenzo Village, Tagum City, Davao del Norte, herein referred to
as the VENDEE;
WITNESSETH:
That the VENDOR registered owner of a certain parcel of land identified as
Lot 7 Blk.
5, Pcs-11-003850, situated at Magugpo East, City Of Tagum, Province of Davao
del Norte, containing an area of THREE HUNDRED (300) SQUARE METERS, more or
LESS, COVERED BY TRANSFER Certificate of Titile No.
T-218877 with the following
description:
TRANSFER CERTIFICATE OF TITLE NO.
T-218877
A parcel of land ( Lot 7 Blk.
5 of the consolidation plan Pcs-11003850) being a portion of Lot 4-B, Psd-11-087314 & Lot 1,2,3 Pcs112319-001359, situated at Barangay Magugpo, City of Tagum, Province
of Davao del Norte; Island of Mindanao.
xx
Containing and area of THREE HUNDRED (300) SQUARE METERS,
more or less.
xxx
That for and in consideration of the sum of THREE HUNDRED FIFTY THOUSAND
PESOS (P 350,000.
00) Philippines Currency, receipt of which is hereby acknowledged
from the VENDEE the VENDOR does hereby, SELL , CEDE, TRANSFER and CONVEY, in
a manner of absolute and irrevocable unto the said VENDEE, his heirs, successors and
assigns, the above-described property together with the improvement found and existing
thereon, free from all liens and encumbrances whatsoever.
That the above-described real property is mortgage by the Vendor in favor of the
PAG-IBIG (Expanding Housing Loan Program of Home Development Mutual Fund).
That as part of the consideration of this sale, the VENDEE agrees to assume as he
hereby assumes all the duties and obligations of the VENDOR imposed upon the latter in
the aforementioned mortgage deed.
IN WITNESS WHEREOF, parties have hereunto set their hands this ____day of
__________________, in Tagum City, Davao del Norte, Philippines.
CRISTINA D.
LUY JOSEPHINE A.
LUCAS
Vendor Vendee
CTC No.
04955786_ CTC No.
04965970___
Issued on.
01/18/08_ Issued on 01/17/08___
At Tagum City At Tagum City
With my marital consent:
MARC ANTHONY C.
LUY
Signed in the presence of 1.
___________________ and 2.
___________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public, for and the City of Tagum, Dabvao del Norte,
Philippines this _______ day of ______, personally appeared CRISTINA D.
LUY and
JOSEPHINE A.
LUCAS with their Community Tax Certificate as above-noted, who
represented to me to be the same persons, who executed the foregoing instrument and
acknowledged to me that the same is their free act and voluntary deed.
Witness my hand and seal on the date and place above-written.
Doc.
No.
__________;
Page No.
__________;
Book No.
__________;
Series of 2008
@jolas
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