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    Deed of Conditional Sale

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    roxsanne capati
    This document is a deed of conditional sale with assumption of mortgage between Bettina S. Navarro and Don Jason Ayries Batac. Navarro purchased a Hyundai vehicle with financing from RCBC Savings Bank but failed to make payments due to financial difficulties from COVID-19. Batac agreed to purchase the vehicle and assume the loan payments of PHP18,346 per month for 60 months to RCBC, with the first payment due on the 8th of each month. Batac will also pay Navarro PHP35,000 for the down payment and assume all expenses and liabilities related to the vehicle. Navarro must transfer the vehicle's title to Batac.

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    © All Rights Reserved
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    Deed of Conditional Sale

    Uploaded by

    roxsanne capati
    679 views2 pages
    This document is a deed of conditional sale with assumption of mortgage between Bettina S. Navarro and Don Jason Ayries Batac. Navarro purchased a Hyundai vehicle with financing from RCBC Savings Bank but failed to make payments due to financial difficulties from COVID-19. Batac agreed to purchase the vehicle and assume the loan payments of PHP18,346 per month for 60 months to RCBC, with the first payment due on the 8th of each month. Batac will also pay Navarro PHP35,000 for the down payment and assume all expenses and liabilities related to the vehicle. Navarro must transfer the vehicle's title to Batac.

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    deed of conditional sale

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    This document is a deed of conditional sale with assumption of mortgage between Bettina S. Navarro and Don Jason Ayries Batac. Navarro purchased a Hyundai vehicle with financing from RCBC Savings Bank but failed to make payments due to financial difficulties from COVID-19. Batac agreed to purchase the vehicle and assume the loan payments of PHP18,346 per month for 60 months to RCBC, with the first payment due on the 8th of each month. Batac will also pay Navarro PHP35,000 for the down payment and assume all expenses and liabilities related to the vehicle. Navarro must transfer the vehicle's title to Batac.

    Copyright:

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

    Deed of Conditional Sale

    Uploaded by

    roxsanne capati
    This document is a deed of conditional sale with assumption of mortgage between Bettina S. Navarro and Don Jason Ayries Batac. Navarro purchased a Hyundai vehicle with financing from RCBC Savings Bank but failed to make payments due to financial difficulties from COVID-19. Batac agreed to purchase the vehicle and assume the loan payments of PHP18,346 per month for 60 months to RCBC, with the first payment due on the 8th of each month. Batac will also pay Navarro PHP35,000 for the down payment and assume all expenses and liabilities related to the vehicle. Navarro must transfer the vehicle's title to Batac.

    Copyright:

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

    DEED OF CONDITIONAL SALE WITH ASSUMPTION OF MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    This DEED OF CONDITIONAL DEED OF SALE WITH ASSUMPTION OF


    MORTGAGE made and executed by and between:

    BETTINA S. NAVARRO, of legal age, Filipino, widow, and a resident of Sta. Maria,
    Minalin, Pampanga, hereinafter referred as SELLER;

    -and-

    DON JASON AYRIES BATAC, of legal age and with residence at 5218 Cruz Avenue
    Extension, Angeles City, hereinafter referred as BUYER;

    WHEREAS, the seller purchased from Hyundai Pampanga a motor vehicle, specifically
    described as follows:

    MV File No.————————- 0301-00001195529


    Plate No.—————————- CAU 3861
    Engine No. ————————— G4LCKF709670
    Chassis No. ————————— PEHc841BBLH00591
    Body Type——————————- Sedan
    Make—————————————- Hyundai
    Series —————————————Accent 1.4 GL A

    WHEREAS, the seller, to purchased the aforesaid vehicle obtained a loan from RCBC Savings
    Bank with branch at Jose Abad Santos Avenue, City of San Fernando, Pampanga;

    WHEREAS, the seller has the obligation to pay the amortization of the vehicle on 09 March
    2020 however, she failed to pay the same on the reason that her financial capacities was affected
    by the COVID 19 Pandemic;

    WHEREAS, the seller decided to sell the aforesaid vehicle to the buyer which the latter agreed
    and undertakes to assume the payment of the amortization to the RCBC Savings Bank.

    NOW THEREFORE, NOW, THEREFORE, the parties hereby agree as follows:

    1. The buyer would pay an amount of THIRTY FIVE THOUSAND PESOS


    (Php35,000.00) as payment for the downpayment made by the seller;

    2. The buyer shall pay the amount of EIGHTEEN THOUSAND THREE


    HUNDRED FORTY SIX PESOS (PHP18, 346.00) per month to the RCBC Savings Bank;

    3. The payment of the monthly amortization shall be made for sixty (60) months
    which payment shall be made every 8th day of the month.
    4. The buyer shall shoulder all expenses, claims, liabilities and other similar actions
    arising from any damage or injuries caused by the vehicle.

    5. That the seller should execute all necessary documents for the transfer of the
    vehicle in the name of the buyer.

    IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this 18th
    day of June 2020 at City of San Fernando, Pampanga.

    BETTINA S. NAVARRO DON JASON AYRIES BATAC


    Seller Buyer
    PRC 0154937 Dri. Lic. No. C10- 09-008822

    SIGNED IN THE PRESENCE:


    _________________________ ___________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES )


    City of San Fernando, Pampanga ) S.S

    BEFORE ME, a Notary Public for and in City of San Fernando, Pampanga, personally
    appeared the above-named persons with ID Nos. stated below their signatures, known to me and
    to me known to be the same persons who executed the foregoing document and they
    acknowledged to me that the same is their free and voluntary act and deed.

    WITNESS MY HAND AND SEAL this day of 18th day of June 2020 at City of San
    Fernando, Pampanga.

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

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