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    Deed of Sale With Assumption of Mortgage

    Uploaded by

    Mari Cris
    This deed of sale involves the transfer of ownership of a 52 square meter residential property located in Magallanes, Sorsogon from Joseph Recalde Bustos to Davey Ray M. Ditan for PHP 300,000. The property is covered by Title No. 083-2016000752 and is mortgaged to the Home Development Mutual Fund. Davey Ray M. Ditan agrees to assume the mortgage obligations. All parties executed the deed before a notary public.

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    © All Rights Reserved
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    Deed of Sale With Assumption of Mortgage

    Uploaded by

    Mari Cris
    148 views2 pages
    This deed of sale involves the transfer of ownership of a 52 square meter residential property located in Magallanes, Sorsogon from Joseph Recalde Bustos to Davey Ray M. Ditan for PHP 300,000. The property is covered by Title No. 083-2016000752 and is mortgaged to the Home Development Mutual Fund. Davey Ray M. Ditan agrees to assume the mortgage obligations. All parties executed the deed before a notary public.

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    DEED OF SALE WITH ASSUMPTION OF MORTGAGE

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    This deed of sale involves the transfer of ownership of a 52 square meter residential property located in Magallanes, Sorsogon from Joseph Recalde Bustos to Davey Ray M. Ditan for PHP 300,000. The property is covered by Title No. 083-2016000752 and is mortgaged to the Home Development Mutual Fund. Davey Ray M. Ditan agrees to assume the mortgage obligations. All parties executed the deed before a notary public.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    148 views2 pages

    Deed of Sale With Assumption of Mortgage

    Uploaded by

    Mari Cris
    This deed of sale involves the transfer of ownership of a 52 square meter residential property located in Magallanes, Sorsogon from Joseph Recalde Bustos to Davey Ray M. Ditan for PHP 300,000. The property is covered by Title No. 083-2016000752 and is mortgaged to the Home Development Mutual Fund. Davey Ray M. Ditan agrees to assume the mortgage obligations. All parties executed the deed before a notary public.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    DEED OF SALE WITH ASSUMPTION OF MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    This CONTRACT made and entered into in Sorsogon City, Philippines, this ____day of
    _________, 2020 by and between:

    JOSEPH RECALDE BUSTOS, of legal age, Filipino, married to Leif Sharon Ditan
    Bustos with residence at Aguada Norte, Magallanes, Sorsogon, hereinafter referred to as the
    SELLER/VENDOR;

    -AND-

    DAVEY RAY M. DITAN, of legal age, Filipino, married to Princess Domingo Ditan
    and with residence at 109 Marlo Drive MonteVista Subd., Cainta, Rizal, hereinafter referred to
    as the BUYER/VENDEE;

    WITNESSETH:

    That the SELLER/VENDOR is the absolute and registered owner of a house and lot
    located at Bo. of Centro, Municipality of Magallanes, Province of Sorsogon, with an area of
    Fifty Two (52) Square Meters more or less covered by TCT No. 083-2016000752 issued by the
    Registry of Deeds of Sorsogon, Sorsogon with the following technical description to wit;

    TRANSFER CERTIFICATE OF TITLE NO. 083-2016000752

    “A parcel of land (Lot 3-M-5-D of the Subdivision Plan (LRA) PSD-434208,


    approved as a non-subdivision project, being a portion of Lot3-M-5, PSD-05-
    012189, L.R.C9GLRO) Record No. 44099). Bounded on the NE., points 2 to 3 by
    Lot 3-M-5-C; on the SE., points 3 to 4 by Lot 3-M-5-L, Road; on the SW., points 4
    to 1 by Lot 3-M-5-E, all of the subdivision plan; and on the NW., points 1 to 2 by
    perpetual road right of way (4 m. wide) portion of Lot 3-M-6, PSD-05-
    012189.Containing an area of Fifty Two (52) Square Meters more or less.”

    That for and in consideration of the sum of Three Hundred Thousand Pesos
    (Php300,000.00), Philippine Currency, receipt of which is hereby acknowledged from the
    BUYER/VENDEE, the SELLER/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 property is mortgaged by the SELLER/VENDOR in favor of


    the HOME DEVELOPMENT MUTUAL FUND/PAG-IBIG.

    That as part of the consideration of this sale, the BUYER/VENDEE agrees to assume as
    he hereby assumes all the duties and obligations of the SELLER/VENDOR imposed upon the
    latterin the abovementioned mortgage deed.

    IN WITNESS WHEREOF, the parties have hereunto set their hands at the place and
    date first above written:

    JOSEPH RECALDE BUSTOS DAVEY RAY M. DITAN


    SELLER/VENDOR BUYER/VENDEE
    TIN: 634-626-321 Driver’s License No. E05-03-022037
    Date Issued: 09/30/04 Expiration Date: 05/25/2023
    Issued at: Pangasinan Issued at: LTO-Sorsogon

    Conforme:

    LEIF SHARON DITAN BUSTOS PRINCESS D. DITAN


    PHIC ID No. 19-201275298-5 TIN: 418-564-929-000
    Issued on:_________________ Issued at: BIR-Cainta, Rizal
    Issued at: Philhealth-

    Signed in the presence of:

    _______________________________ _______________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES )


    SORSOGON CITY ) S.S

    BEFORE ME, a Notary Public, personally appeared JOSEPH RECALDE BUSTOS,


    LEIF SHARON DITAN BUSTOS, DAVEY RAY M. DITAN and PRINCESS D. DITAN,
    exhibiting to me their identification cards as proof of their identity. Known to me and to me
    known to be the same persons who executed the foregoing instrument and acknowledged to me
    that the same are their free act and voluntary deed.

    This instrument, consisting of THREE (3) pages, including the page on which this
    acknowledgment is written, has been signed on the left margin of each and every page thereof by
    the concerned parties and their witnesses, and sealed with my notarial seal.

    WITNESS MY HAND AND SEAL on this ____ th day of _________, 2020 at Sorsogon
    City, Philippines.

    Notary Public
    Doc. No. ........;
    Page No. .......;
    Book No. .......;
    Series of 2020.

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