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    Donation Moertgage

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    jonah
    This document is a deed of donation with assumption of mortgage between Ariana Vistar as the donor and Antonette Lim as the donee. The donor is donating a property located in Mambago, Island Garden City of Samal to the donee. The property is currently mortgaged to the Bank of the Philippine Islands to secure a loan. The donee accepts the donation and assumes the unpaid balance of P200,000 on the mortgage in favor of the bank. Both parties sign the deed in the presence of witnesses.

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    Donation Moertgage

    Uploaded by

    jonah
    302 views2 pages
    This document is a deed of donation with assumption of mortgage between Ariana Vistar as the donor and Antonette Lim as the donee. The donor is donating a property located in Mambago, Island Garden City of Samal to the donee. The property is currently mortgaged to the Bank of the Philippine Islands to secure a loan. The donee accepts the donation and assumes the unpaid balance of P200,000 on the mortgage in favor of the bank. Both parties sign the deed in the presence of witnesses.

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    This document is a deed of donation with assumption of mortgage between Ariana Vistar as the donor and Antonette Lim as the donee. The donor is donating a property located in Mambago, Island Garden City of Samal to the donee. The property is currently mortgaged to the Bank of the Philippine Islands to secure a loan. The donee accepts the donation and assumes the unpaid balance of P200,000 on the mortgage in favor of the bank. Both parties sign the deed in the presence of witnesses.

    Copyright:

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

    Donation Moertgage

    Uploaded by

    jonah
    This document is a deed of donation with assumption of mortgage between Ariana Vistar as the donor and Antonette Lim as the donee. The donor is donating a property located in Mambago, Island Garden City of Samal to the donee. The property is currently mortgaged to the Bank of the Philippine Islands to secure a loan. The donee accepts the donation and assumes the unpaid balance of P200,000 on the mortgage in favor of the bank. Both parties sign the deed in the presence of witnesses.

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    © All Rights Reserved
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    of 2

    Jonah Margarette F.

    Presto
    REPUBLIC OF THE PHILIPPINES)
    ) .SS

    DEED OF DONATION WITH ASSUMPTION OF MORTGAGE

    KNOW ALL MEN BY THESE PRESENT:

    This Deed of Donation (with Assumption of Mortgage) is being executed this


    17th day of January, 2020 at Avocado Law Firm, Orange Building, JP Laurel, Davao
    City by and between:

    Ariana Vistar, Filipino, of legal age, single, and with residence at 77, Hope Street, Pag
    Ibig Homes, Buhangin Davao City
    hereinafter called the “DONOR”,

    and

    Antonette Lim, Filipino, of legal age, single, and with residence at 111, Cocacola
    Village, Matina, Davao City,hereinafter called the “DONEE ”.

    WITNESSETH:

    WHEREAS, the DONOR is the registered owner of that certain real property,
    situated in Mambago, Island Garden City of Samal and more particularly described in /
    Transfer Certificate of Title No. 726262 of the Land Registry of Samal, as follows, to
    wit:

    TRANSFER CERTIFICATE TITLE NO. 726262

    WHEREAS, the above described property is presently mortgaged in favor of BANK OF


    THE PHILIPPINE ISLANDS to secure payment of an original obligation in the principal
    sum of FIVE HUNDRED THOUSAND PESOS (P500,000.00), Philippine currency,
    contracted by the DONOR from the afore-named mortgagee under the terms and
    conditions set forth in the instrument of mortgage executed on March 24, 2018, before
    Atty. Elden Claire Devilleres, Notary Public in and for Island Garden City of Samal, as
    per Doc. No 34, Page No. 4.; Book No. 1 Series of 2018, of his notarial register, which
    original mortgage obligation has been reduced to two hundred thousand
    pesos(P200,000.00) , as of December, 2019.

    NOW THEREFORE, for and in consideration of the love and affection which the
    DONOR has for the DONEE, the said DONOR by these presents transfers and conveys,
    by way of DONATION, unto the said DONEE, her heirs and assigns, the above-
    described real property, free and clear of all liens and encumbrances except the
    aforementioned mortgage subsisting in favor of ; BANK OF THE PHILIPPINE
    ISLANDS and,

    The DONOR does hereby state, for the purpose of giving full effect to this
    donation, that she has reserved for herself in full ownership sufficient property to support
    herself in a manner appropriate to her needs; and,

    That the DONEE, with gratitude for the kindness and liberality of the DONOR,
    does hereby accept this donation of the above – described real property and binds herself
    to assume as she assumes the payment of the unpaid balance of the mortgage indebtness
    of the DONOR amounting to TWO HUDRED THOUSAND PESOS (P200,000.00),
    Philippine currency, in favor of the BANK OF THE PHILIPPINE ISLANDS by virtue of

    1
    the above-mentioned mortgage instrument executed on March 24, 2018 and does hereby
    further agree to be bound by the precise terms and conditions contained therin.

    Accepted:

    _________________________ ___________________
    (DONOR) (DONEE)

    Signed in the Presence of:

    ________________________ ________________________
    (WITNESS) (WITNESS)

    REPUBLIC OF THE PHILIPPINES)


    ) .SS

    ACKNOWLEDGEMENT

    In Davao City City on January 17, 2020, personally appeared before me the
    following persons, showing unto me an integrally complete instrument/document,
    consisting of 3 pages including this page, such person/s being known to me personally or
    through valid ID’s as the same person/s who executed the foregoing instrument, namely:

    Name ID Type /No. Date & Place Issued


    ARIANA VISTAR PASSPORT 1/22/2019 Davao City
    P8278665
    ANTONETTE LIM PASSPORT P847654 1/22/2019 Davao City

    and who represented to me that the above signature was voluntarily affixed by them for the
    purposes stated in the instrument/document, and who further acknowledged before me that
    they have executed the instrument/document as their free and voluntary act and deed with
    authority to sign as representative.

    WITNESS MY HAND AND SEAL on the date and place first above written.

    Jonah Margarette F. Presto


    Notary Public/ Roll No. 64564
    Doc. No. ______; IBP No. 067990; January 7, 2019; Davao City
    Page No.______; PTR No. 1731783C; January 4, 2019; Davao City
    Book No.______; Notarial Commission Serial No. 2019-186-2020
    Expiring on December 31, 2020
    Series of 20___. MCLE Compliance No VI-0013922
    Door 502, Ford Commercial Building, Lanang, Davao City

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