FORM NO. 17 -- DEED OF SALE WITH ASSIGNMENT OF MORTGAGE.

18

KNOW ALL MEN BY THESE PRESENTS :

  This AGREEMENT signed and executed by and between……………………………….

..........................of legal age , single /married to ..........................................................
.Filipino with residence and post-office address
at.......................................................hereinafter known as the PARTY OF THE FIRST
PARTY , and ………………..........................of legal age, single/married
to .........................................................Filipino and with residence and post-office address
at...............................................................hereinafter known as the PARTY OF THE
SECOND PART, witnesseth:
        That the PARTY OF THE FIRST PART is the registered owner thereon, the metes
and bounds of which are as follows:

        ORIGINAL TRANSFER CERTIFICATE OF

                  TITLE   NO.........................................
(Copy full description. If untitled , copy description as a appearing  in Tax Declaration)

That the above house and lot are mortgaged to...........................................as security fro
the amount of ……………....................(P.................), Philippine Currency, of which the
remaining balance of ………………………..….......(P.................)     
 remains unpaid , under a Deed of Mortgaged signed and executed by the PARTY OF
THE FIRST PART in favor of the said ...................................executed
on..........at ..........................before Notary Public ..................................and noted in his
Notarial Register as Doc. No........................ Page No…………..................... Book
No............, Series of ..........,

        THAT FOR AND IN CONSIDERATION of the

amount.........................................................(P............). Philippine Currency , paid by the
PARTY OF THE SECOND PART, and receipt of which is hereby acknowledged to his
entire satisfaction by the PARTY OF THE FIRST PART, the latter hereby CEDES,
SELLS, AND CONVEYS UNTO THE PARTY OF THE SECOND PART, his hiers and
assigns , the above-described house and lot , subject to the Deed of Mortgage
hereinabove-mentioned;
       That the PARTY OF THE SECOND PART  hereby obligates himself to pay the
remaining balance of...............................(P..........................), Philippine Currency under
the Mortgage, Deed, unto the therein Mortgagee, who has given his express consent to
this assignments.19
     IN WITNESS WHEREOF, the PARTIES have hereunto set their hands,
this...........................day of ..........................19......................at......................

........................................ …………....           ...........................................................

Party of the First  Part       Party of the Second  Part
WITNESSES:

     WITH MY EXPRESS CONSENT………………………………..:............................

                                                                MORTGAGEE

........................          ..........................

(ACKNOWLEDGEMENT, FORM NO. 1)