DEED OF SALE with ASSUMPTION OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS;

This Deed of ABSOLUTE SALE is made, executed and entered into by

_______________________________________________________, legal age, Filipino, and with

residence and postal address at ____________________________________________________,

hereinafter referred toas the SELLER

-AND-

________________________________________, legal age, Filipinos and with residence and

postal address at _______________________________________________________________,
hereinafter referred to as the BUYER

WITNESSETH

WHEREAS, the SELLER is the registered owners of a parcel of land with improvements located at
_______________________________________________________and covered by Transfer Certificate of
Title No.________ containing a total area of ______________________________ more or less and more
particularly described as follows:

TRANSFER CERTIFICATE OF TITLE NO. _________

WHEREAS, the BUYER have offered to buy and the SELLER have agreed to sell the above-
mentioned property for the amount of _______________________________________
(P____________) Philippine Currency

WHEREAS, the BUYER may assume HOME DEVELOPMENT MUTUALFUND (HDMF) balance
starting on ____________________ including occurrence of charges until fully paid, except on the event
that the SELLER death may agree to pay half of the unamortized balance to his beneficiary.

THAT the said property is mortgage by the SELLER in favor of Home Development Mutual Fund
(PAG-IBIG Fund) as evidenced by the DEED OFMORTGAGE executed on ___________________________
by the said SELLER and acknowledged before a Notary Public of ____________________,and enter his
notarial register as Doc No. ____; Page_____; Book No._____;Series of _____, a copy of mortgage deed
is hereto attached as ANNEX “A” and made an integral part thereof.

WHEREAS, the BUYER have agreed to assume, as they hereby assume, all the duties and
obligations of the SELLER imposed upon the latter in the aforementioned DEED OF MORTGAGE, as if the
present BUYERS were mortgagors in the said DEED OF MORTGAGE.

NOW THEREFORE, for and in consideration of the sum of PESOS:

______________________________________(P______________) has been paid to and the receipt
whereof is hereby acknowledged by the SELLER, the said SELLER does hereby SELL, TRANSFER and
CONVEY, in a manner absolute and irrevocable, unto the BUYER, his/her heirs and assigns the real
property above-described together with all the improvements existing thereon, free and clear of all liens
and encumbrances except the mortgage as may be subsisting in favor of ___________________; and,
The BUYER does hereby accept this sale and binds himself/ herself to assume as he/ she assumes the
payment of the unpaid balance of the mortgage indebtness of the SELLER amounting to PESOS;
__________________________________________(P________________), in favor of the aforenamed
mortgagee by virtue of the mortgage instrument executed on ______________, and does hereby further
agree to be bound by the precise terms and conditions therein contained.

IN WITNESS WHEREOF, the parties have hereunto set their hands and signed these presents on
the date and at the place first above written.

______________________ ______________________

SELLER BUYER

Signed in the presence of:

______________________ ______________________

Name of Witness Name of Witness

ACKNOWLEDGEMENT

Republic of the Philippines)

Province of Rizal)
S.S.Municipality of Pililla)

BEFORE ME, a Notary Public for and in the Province of Sorsogon, personally appeared the following
persons with proof of their respective identities:

SELLER (ID PRESENTED) No. : _______________

BUYER (ID PRESENTED) No. : _______________

All known to me, and to me known to be the same persons who executed the foregoing Deed of
Donation consisting of two (2) pages including this page where this Acknowledgement is written and
acknowledged before me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL this _____ day of ______________, 2023 at ________, _______ City,
Philippines.

Notary Public

Doc. No. ______________

Page No.______________

Book No.______________

Series of 2023