Dagdagan, Juan - Deed of Assignment of Car Loan

REPUBLIC OF THE PHILIPPINES
CITY OF URDANETA } S.S.
DEED OF ASSIGNMENT
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Assignment is made and executed by and between:
JUAN LUCERO DAGDAGAN, Sr., of legal age, Filipino, widower, and

resident of Brgy. Nancayasan, Urdaneta, Pangasinan, (hereinafter referred
to as “Assignor”),
-and-
ARNEL GUMAPAS SAMSON, of legal age, Filipino, married, and

resident of Brgy. Domanpot, Asingan, Pangasinan (hereinafter referred to
as “Assignee”).
The Parties shall be referred to individually as “Party” and collectively as “Parties.”
~WITNESSETH~
WHEREAS, herein assignor is the purchaser from PREMIO CORPORATION
Urdaneta Branch of a motor vehicle more particularly described as follows:
Make/Type : Yamaha/MC
Year : 2019
Series : NMAX 2DPF
Color : Matte Blackblack
MV File No. : 0301-00001021912
Engine No. : G3E4E-1193489
Chassis No. : MH3SG3160J0048653
WHEREAS, the motor vehicle was originally bought from PREMIO

CORPORATION by Julius L. Egar;
WHEREAS, PREMIO CORPORATION repossessed the ownership of the

aforestated motor vehicle;
WHEREAS, herein Assignor purchased on installment basis the aforestated

motor vehicle as evidenced by a Sales Certification dated 14 August 2019, issued by
PREMIO CORPORATION Urdaneta Branch;
WHEREAS, the Assignor no longer wishes to continue the said obligation and
requires additional capital for his business;
WHEREAS, the Assignee wishes to acquire the rights and ownership of the
aforestated motor vehicle; and
WHEREAS, the assignee wishes to acquire, and the assignor wishes to assign the
rights to the abovementioned motor vehicle, subject to the following terms:
Deed of Assignment
Page 1 of 2
TERMS
1. Purchase Price. – The parties herein agree that the total purchase price of
the rights shall be equivalent to THIRTY THOUSAND PESOS (PH₱30,000.00) to
be paid at the execution of this instrument;
2. Payment of Balance with PREMIO CORPORATION. – The parties
hereby agree that after the execution of this instrument, the Assignee shall be fully
subrogated to the obligations of the Assignor for the payment of the remaining purchase
price of the aforestated motor vehicle with PREMIO CORPORATION, and the Assignee
shall faithfully and promptly comply with the amortizations on the aforestated motor
vehicle;
3. Registration Documents. – For the purpose of renewing the annual
registration of the aforestated motor vehicle, the Assignor shall request from PREMIO
CORPORATION a proof of identification of Julius L. Egar;
4. Warranty. - The Assignor hereby warrants that said rights to the aforestated
motor vehicle is free from any liens and encumbrances, save the obligation to pay
PREMIO CORPORATION for the full purchase price of the aforestated motor vehicle,
and the Assignor will defend the title and rights of the Assignee from any claims of
whatever nature from third persons.
IN WITNESS WHEREOF, WE hereunto affix our signatures this 18 th day of

August 2020 at the City of Urdaneta, Province of Pangasinan.
___________________________ ___________________________
JUAN LUCERO DAGDAGAN, Sr. ARNEL GUMAPAS SAMSON
Assignor Assignee
SIGNED IN THE PRESENCE OF:
___________________________ ___________________________
Witness Witness
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public in the City of Urdaneta, personally appeared the
following persons, presenting to me as competent proof of identity, the following:
Names Identification
JUAN LUCERO DAGDAGAN, Sr. PhilHealth 05-025080891-4
ARNEL GUMAPAS SAMSON TIN ID No. 346-996-291-000
known to me and to me known to be the same persons who executed the foregoing
instrument, and they acknowledged to me that the same is their free act and deed.
This instrument consists of two (2) pages including the page where this
acknowledgement is written, signed by the parties and their witnesses at the left-hand
margins.
IN WITNESS WHEREOF, I have hereunto set my hand and affix my notarial

seal on the day, year, and place first above-written.
Doc No.: 512

Page No.: 104
Book No.: I
Series of 2020.
Deed of Assignment
Page 2 of 2

Dagdagan, Juan - Deed of Assignment of Car Loan

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REPUBLIC OF THE PHILIPPINES

CITY OF URDANETA } S.S.

JUAN LUCERO DAGDAGAN, Sr., of legal age, Filipino, widower, and

ARNEL GUMAPAS SAMSON, of legal age, Filipino, married, and

The Parties shall be referred to individually as “Party” and collectively as “Parties.”

WHEREAS, the motor vehicle was originally bought from PREMIO

WHEREAS, PREMIO CORPORATION repossessed the ownership of the

WHEREAS, herein Assignor purchased on installment basis the aforestated

IN WITNESS WHEREOF, WE hereunto affix our signatures this 18 th day of

SIGNED IN THE PRESENCE OF:

IN WITNESS WHEREOF, I have hereunto set my hand and affix my notarial

Doc No.: 512

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