DEED OF SALE WITH ASSUMPTION OF MORTGAGE KNOW ALL MEN BY THESE PRESENT: This Deed of Absolute Sale, made and entered into by and between; CRISTINA D. LUY, of legal age, Filipino, married to Marc Anthony C. Luy, resident of Merville Subd., Tagum City, Davao del Norte, herein referred to as the VENDOR; and JOSEPHINE A. LUCAS, also of legal age, Filipino, single, resident of Lorenzo Village, Tagum City, Davao del Norte, herein referred to as the VENDEE; WITNESSETH: That the VENDOR registered owner of a certain parcel of land identified as Lot 7 Blk. 5, Pcs-11-003850, situated at Magugpo East, City Of Tagum, Province of Davao del Norte, containing an area of THREE HUNDRED (300) SQUARE METERS, more or LESS, COVERED BY TRANSFER Certificate of Titile No. T-218877 with the following description: TRANSFER CERTIFICATE OF TITLE NO. T-218877 A parcel of land ( Lot 7 Blk. 5 of the consolidation plan Pcs-11003850) being a portion of Lot 4-B, Psd-11-087314 & Lot 1,2,3 Pcs112319-001359, situated at Barangay Magugpo, City of Tagum, Province of Davao del Norte; Island of Mindanao. xx Containing and area of THREE HUNDRED (300) SQUARE METERS, more or less. xxx That for and in consideration of the sum of THREE HUNDRED FIFTY THOUSAND PESOS (P 350,000.00) Philippines Currency, receipt of which is hereby acknowledged from the VENDEE the 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 real property is mortgage by the Vendor in favor of the PAG-IBIG (Expanding Housing Loan Program of Home Development Mutual Fund). That as part of the consideration of this sale, the VENDEE agrees to assume as he hereby assumes all the duties and obligations of the VENDOR imposed upon the latter in the aforementioned mortgage deed. IN WITNESS WHEREOF, parties have hereunto set their hands this ____day of __________________, in Tagum City, Davao del Norte, Philippines. CRISTINA D. LUY Vendor CTC No. 04955786_ Issued on. 01/18/08_ At Tagum City
JOSEPHINE A. LUCAS Vendee CTC No. 04965970___ Issued on 01/17/08___ At Tagum City
With my marital consent: MARC ANTHONY C. LUY
Signed in the presence of 1. ___________________ and 2. ___________________ ACKNOWLEDGMENT BEFORE ME, a Notary Public, for and the City of Tagum, Dabvao del Norte, Philippines this _______ day of ______, personally appeared CRISTINA D. LUY and JOSEPHINE A. LUCAS with their Community Tax Certificate as above-noted, who represented to me to be the same persons, who executed the foregoing instrument and acknowledged to me that the same is their free act and voluntary deed. Witness my hand and seal on the date and place above-written. Doc. No. __________; Page No. __________; Book No. __________; Series of 2008 @jolas
