Deed of Assignment and Transfer of Rights

DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS KNOW ALL MEN BY THIS PRESENTS: This deed, made and entered into this _____ day of __________, 2010, Marikina City, by and between:   __________, Filipino Citizen, of legal age, married to __________, with residence and postal address at __________, hereinafter referred to as the "ASSIGNOR" -and  __________, married to __________; and __________, married to   __________, both Filipinos, of legal age, both with residence and postal address at __________, hereinafter referred to as the "ASSIGNEES". WITNESSETH that WHEREAS the ASSIGNOR is the buyer of a certain parcel of land including all existing building/improvements thereon located in __________ covered by Transfer Certificate of Title No. __________ of the register of Deeds of __________ City Branch; and is the payee of a cheque numbered _____________, issued by the HDMF PagIBIG pursuant to the Housing Loan applied for by the Assignor; WHEREAS, the ASSIGNOR has offered to to assign all his rights, title and interest over the check to be issued by the HDMF Pag-IBIG as payment for the abovementioned property and the ASSIGNEES hereby accept the assignment in accordance with the terms herein set forth; NOW, THEREFORE, as consideration for the property covered by Transfer Certificate of Title No. __________, which the ASSIGNOR hereby acknowledged to have been transferred to his name from the ASSIGNEES, the ASSIGNOR hereby assigns, transfers and conveys unto the ASSIGNEES, all his rights, title and interest to the cheque to be issued by HDMF Pag-IBIG by virtue of the Housing Loan applied for, pursuant to this Agreement and the ASSIGNEES by these presents hereby accept the assignment and agree to be bound by the terms and conditions of the Absolute Deed of Sale entered into by all the parties concerned on __________.

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

 __________   __________  ASSIGNOR

__________  ASSIGNEES Signed in the presence of:

 

_____________________________

______________________________ 

ACKNOWLEDGEMENT

Republic of the Philippines   __________

) ) S.S

BEFORE ME, a notary for and in the City of Marikina, personally appeared: Name

CTC Number

Date/Place Issued

1. 2. 3.

known to me and to me known to be the same persons who executed the foregoing Deed of Assignment and transfer of Rights and acknowledged to me that the same is their free and voluntary act and deed. WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public Doc. No.______; Page No. ______; Book No.______; Series of 2010.