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    Deed of Conditional Assignment Sample

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    Earl Cope
    This document is a Deed of Conditional Assignment between Jose Dionisio R. Castillo and his wife as the Assignors, and [NAME] and his wife as the Assignees. The Assignors are assigning their rights and interests in a property located in Antipolo City that they purchased from RCBC Savings Bank. The Assignees will pay the Assignors PHP 728,800 in installments, with PHP 380,000 paid already and the balance of PHP 348,800 to be paid in 7 monthly installments. Upon receipt of full payment, the Assignors will execute a Deed of Assignment formally transferring their rights to the Assignees. The Assignees will then be responsible for payments to RCBC Savings Bank.

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    Deed of Conditional Assignment Sample

    Uploaded by

    Earl Cope
    555 views2 pages
    This document is a Deed of Conditional Assignment between Jose Dionisio R. Castillo and his wife as the Assignors, and [NAME] and his wife as the Assignees. The Assignors are assigning their rights and interests in a property located in Antipolo City that they purchased from RCBC Savings Bank. The Assignees will pay the Assignors PHP 728,800 in installments, with PHP 380,000 paid already and the balance of PHP 348,800 to be paid in 7 monthly installments. Upon receipt of full payment, the Assignors will execute a Deed of Assignment formally transferring their rights to the Assignees. The Assignees will then be responsible for payments to RCBC Savings Bank.

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    This document is a Deed of Conditional Assignment between Jose Dionisio R. Castillo and his wife as the Assignors, and [NAME] and his wife as the Assignees. The Assignors are assigning their rights and interests in a property located in Antipolo City that they purchased from RCBC Savings Bank. The Assignees will pay the Assignors PHP 728,800 in installments, with PHP 380,000 paid already and the balance of PHP 348,800 to be paid in 7 monthly installments. Upon receipt of full payment, the Assignors will execute a Deed of Assignment formally transferring their rights to the Assignees. The Assignees will then be responsible for payments to RCBC Savings Bank.

    Copyright:

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

    Deed of Conditional Assignment Sample

    Uploaded by

    Earl Cope
    This document is a Deed of Conditional Assignment between Jose Dionisio R. Castillo and his wife as the Assignors, and [NAME] and his wife as the Assignees. The Assignors are assigning their rights and interests in a property located in Antipolo City that they purchased from RCBC Savings Bank. The Assignees will pay the Assignors PHP 728,800 in installments, with PHP 380,000 paid already and the balance of PHP 348,800 to be paid in 7 monthly installments. Upon receipt of full payment, the Assignors will execute a Deed of Assignment formally transferring their rights to the Assignees. The Assignees will then be responsible for payments to RCBC Savings Bank.

    Copyright:

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

    DEED OF CONDITIONAL ASSIGNMENT

    Tnl; De,eo ;J' C.-indrr,nn.~1 Assi9!1m ent 1·.1-1g1'c~-Eml?n() e :~t.•Cul.·:30 li"il5 _ c-~v of _ _ _ _ _ _ 2()10
    '?"'. 'i, ~ r'J , '· ,) C]( City, by JOSE DIONISIO R. CASTILLO, married to CHERRY VI S. CASTILLO. both of
    legal age, Filipinos , with postal address at 6 A . Mabini St , Barangay Poblacion , Mandaluyong City,
    (hereinafter referred to as the ASSIGNOR) in favor of Spouses ..._.._.ca • • • • and
    both of legal age, Filipinos, with residence and postal address at
    St , Sta Ana Manila (hereinafter referred to as the ASSIGNEE)

    WITNESS ETH:

    WHEREAS, the ASSIGNOR is the buyer/owner of a parcel of residential land with improvements
    localed at Block 1 Lot 8 Lilli um St. Gardens of Maia Alta Subdivision, Sitio Dalig, Antipolo City with a
    total lot area of ONE HUNDRED FORTY (140) square meters and total floor area of SIX.TY (62) sq uare
    melers (the "Property"), having purchased the same from RCBC SAVINGS BANK by virtue of a Contract to
    Sell execuled on December 17, 2009 notarized by Atty. Delfin R. Agcaoili entered as Doc. No . 266, Page
    No.54; Book No CCVI I; Series of 09; (the "Contract to Sel l" ):

    WHEREAS, the ASSIGNEE has offered to purchase and acquire all of the ASSIGNOR's rights and
    interests in and obligations under the Co ntract to Sell and the Property;

    WH EREAS, the ASSIGNOR has agreed to the assignment of all his rights, interests , claims and
    obligations in the Contract to Sell and the Property, upon receipt of lhe full amount of the cons ideration for the
    assignment of his rig hts;

    NOW, THEREFORE, for and in consideratio n of the foregoing premises , and the terms and
    conditions stipulated hereunder, 1he parties agree as follows :

    The ASSIGNOR hereby undertakes to assign, transfer, and cede unto the ASSIGNEE all his rights ,
    interests, claims and obligations in the Contract to Sell and the Property, upon receipt in fu ll of
    consideration in the amount of SEVEN HUNDRED TWENTY EIGHT THOUSAND AND EIGHT
    HUNDRED PESOS (Php728,800.00), to be paid in instal lment!> T he ASSIGNOR acknowledges receip t
    of THREE HUNDRED EIGHTY THOUSAND PESOS (Php380,000.00} IN CASH as of May 21, 2010.
    The balance of THREE HUNDRED FORTY EIGHT THOUSAND AND EIGHT HUNDRED PESOS
    (Php348,800.00) shall be paid in 7 equal INSTALLMENTS, without need of demand, on the following
    dates: June 20, 2010 , July 20, 2010, August 20 , 2010, September 20, 2010, October 20 , 2010 ,
    November 20, 2010, and December 20, 2010 with a MONTHLY INSTALLMENT PAYMENT of FORTY
    NINE THOUSAND EIGHT HUNDRED TWENTY EIGHT PESOS AND FIFTY SEVEN CENTAVOS
    (PhP 49,828.57) to the ASSIGNORl ·,.·
    . - J -< ..-;.
    2. Upon receipt by the ASSIGNOR of the full amount of the consideration , the ASSIGNOR shall execute a
    DEED OF ASSIGNMENT assig ning all his rights, interests, claims and obligations in the Contract to Sell
    and the Property;

    3 From the date of execution of the DEED OF ASSIGNMENT, the ASSIGNEE shall have the obligalion to
    pay any and all amounts due and owing to RCBC SAVINGS BANK under the Contract to Sell, wi thout
    recourse to the ASSIGNOR

    IN WITNESS WHEREOF, we have hereunto sel our ha nds on the date and place first abovewrilten.

    Castil lo
    (Sgd ) -
    (Sgd .1_

    Signed in the presence of:

    Page I of2
    ACKNOWLEDGMENT

    REPUBLIC OF THE PHJLIPPINES }


    City of Antipolo S S

    BEFORE ME, a Nota.r)' Putiarc· far and in 1141 C!_rly f_ttl,t~l~ ;<t i01, lt!i!l:-1
    _ _ _ _ __ . personally appeared:

    Name COMM.TAX NO./ DATE ISSUED PLACE OF ISSUE·-

    ~-
    Jose Dionisio R Castillo

    }~ - j t
    l
    SSS No.
    sss # 33-0827349-7 -

    known to me and to me known to be the same persons who had executed the foregoing instrument, a
    DEED OF CONDTIONAL ASSIGNMENT , cons isting of two (2) pages. including this page whereon this
    acknowledgement is written, signed by the parties and their instrumental witnesses, and lhey had
    acknowledged the same to be their own free act and voluntary deed.

    Doc. No. ~
    J;icage No. q4
    Book No I
    Series of 201 0

    Page2 of2

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