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Deed of Sale of Motor Vehicle With Assumption of Mortgage

This document summarizes the sale of a 2019 Toyota Fortuner SUV from Joemar de Andres Bornillo to Maria Alma Corazon H. Puncia for 150,000 pesos. The vehicle is still under mortgage with East West Bank, which Puncia agrees to pay. Bornillo warrants the vehicle is free from other liens except the existing mortgage. Bornillo also grants Puncia power of attorney to handle registration, insurance, and bank transactions for the vehicle.

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0% found this document useful (0 votes)
337 views5 pages

Deed of Sale of Motor Vehicle With Assumption of Mortgage

This document summarizes the sale of a 2019 Toyota Fortuner SUV from Joemar de Andres Bornillo to Maria Alma Corazon H. Puncia for 150,000 pesos. The vehicle is still under mortgage with East West Bank, which Puncia agrees to pay. Bornillo warrants the vehicle is free from other liens except the existing mortgage. Bornillo also grants Puncia power of attorney to handle registration, insurance, and bank transactions for the vehicle.

Uploaded by

Aron Puncia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DEED OF SALE OF MOTOR VEHICLE WITH

ASSUMPTION OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:


This AGREEMENT made and executed by and between:
JOEMAR DE ANDRES BORNILLO, of legal age, Filipino, with residence and postal address
at KS12 Block 3 Lot 13 Lancaster New City, Brgy. Navarro, General Trias, Cavite, hereinafter called
the VENDOR
and
MARIA ALMA CORAZON H. PUNCIA, of legal age, Filipino, with residence and postal
address at B11 L25 Phase 1 Estrella Homes 4 Toclong, Kawit, Cavite, hereinafter called the
VENDEE;
WITNESSETH:
That FOR AND IN CONSIDERATION OF THE SUM OF ONE HUNDRED FIFTY THOUSAND
PESOS (P150,000.00), is hereby acknowledge from the VENDEE, by and to the satisfaction
of the VENDOR, said VENDOR HEREBY SELLS, TRANSFERS and CONVEYS unto the VENDEE
the motor vehicle described as follows:
MAKE TOYOTA
SERIES FORTUNER 2.4L
TYPE OF BODY SUV
YEAR OF MODEL 2019
MOTOR NO. 2GDC492565
CHASIS NO. MHFJBAGSXJ1563738
PLATE NO./CONDUCTION NO. POE 439
COLOR GRAY METTALIC

Of which the VENDOR is the absolute owner;


That the VENDEE shall bear the succeeding costs of the yearly registration and annual
insurance renewal beginning in 2020;
That the VENDOR hereby warrants that the said motor vehicle is still under mortgaged
with EAST WEST BANK under Promissory Note No. 200040091091, of which the VENDEE agreed
to pay the remaining balance beginning from September 2019 up to July 2024; AND
That the VENDOR warrants the said motor vehicle is free from any other lien and
encumbrance, except as stated above.
IN WITNESS WHEREOF, the parties hereby affix their signature this 21ST day of September
2019 at Kawit, Province of Cavite.

CONFIRMED AND ACCEPTED:

MARIA ALMA CORAZON H. PUNCIA JOEMAR DE ANDRES BORNILLO


VENDEE VENDOR

SIGNED WITH CONFORMITY IN THE PRESENCE OF:


_______________________________ _________________________________
Republic of the Philippines)
_____________________) S.S

BEFORE ME, personally appeared:

NAME CTC/ID NO. DATE/PLACE ISSUED


LTO License No.
1.30.2018 / Manila
JOEMAR DE ANDRES BORNILLO NO2-12-003996
LTO License No.
2.22.2018 / Kawit, Cavite
MARIA ALMA CORAZON H. PUNCIA NO4-08-021015

Known to me and to me known to be the same persons who executed the foregoing instrument
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 20___.
SPECIAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS:

I, JOEMAR DE ANDRES BORNILLO, Filipino, of legal age, with residence and postal address at KS12
Block 3 Lot 13 Lancaster New City, Brgy. Navarro, General Trias, Cavite, do hereby APPOINT MARIA ALMA
CORAZON H. PUNCIA, likewise of legal age, with postal address at B11 L25 Phase 1 Estrella Homes 4 Toclong,
Kawit, Cavite, with full authority as my true and legal representative to act for and in my name and stead,
and to complete and sign my name on any document or form that is legally required in order to complete
transactions for the vehicle listed below:

MAKE TOYOTA MOTOR NO. 2GDC492565


SERIES FORTUNER 2.4L CHASIS NO. MHFJBAGSXJ1563738
TYPE OF BODY SUV PLATE NO./CONDUCTION NO. POE 439
YEAR OF MODEL 2019 COLOR GRAY METTALIC

And, in addition thereto, to perform the following acts: registration of said vehicle, application for
insurance, complete processing and transaction with the East West Bank relating to the above listed vehicle.

I HEREBY GRANTING unto my representative full power and authority to execute and perform
every act necessary to render effective the transactions of the vehicle above listed, as though I have so
performed it, and HEREBY APPROVING ALL that he may do by virtue hereof with full right of
substitution of his person and revocation of this instrument.

IN WITNESS WHEREOF, we have hereunto set our hands this 21st day of September 2019, at
Kawit, Cavite.

JOEMAR DE ANDRES BORNILLO MARIA ALMA CORAZON H. PUNCIA


Principal Attorney-In-Fact

Signed in the presence of:

________________________________ ____________________________________

Republic of the Philippines)


______________________) S.S

BEFORE ME, personally appeared:

NAME CTC/ID NO. DATE/PLACE ISSUED


LTO License No.
JOEMAR DE ANDRES BORNILLO 1.30.2018/ Manila
NO2-12-003996
LTO License No.
MARIA ALMA CORAZON H. PUNCIA 2.22.2018 / Kawit, Cavite
NO4-08-021015

Known to me and to me known to be the same persons who executed the foregoing instrument
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 20___.
DEED OF SALE OF MOTOR VEHICLE

KNOW ALL MEN BY THESE PRESENTS:

That I, JOEMAR DE ANDRES BORNILLO, Filipino, of legal age, a resident of


_________________________________________________________________________, is the
lawful owner of a certain motor vehicle which is more particularly described as follows:

MAKE TOYOTA
SERIES FORTUNER 2.4L
TYPE OF BODY SUV
YEAR OF MODEL 2019
MOTOR NO. 2GDC492565
CHASIS NO. MHFJBAGSXJ1563738
MV FILE NO. 1301-00001392702
PLATE NO.
COLOR GRAY METTALIC

That for and in consideration of the sum of


________________________________________________________________________ (P__________)
PESOS, Philippine Currency, receipt whereof is hereby acknowledged to my entire
satisfaction, I hereby SELL, TRANSFER and CONVEY by way of ABSOLUTE SALE unto
MARIA ALMA CORAZON H. PUNCIA, Filipino, of legal age, and resident of B11 L25
Phase 1 Estrella Homes 4 Toclong, Kawit, Cavite, the above described motor vehicle,
free from all liens and encumbrances.

IN WITNESS WHEREOF, we have hereunto affixed our hands this____ day of


_____________________________ at _________________________.

MARIA ALMA CORAZON H. PUNCIA JOEMAR DE ANDRES BORNILLO


Vendee Vendor

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGMENT

Republic of the Philippines )


___________________________) S.S

BEFORE ME, personally appeared:

NAME CTC/ID NO. DATE/PLACE ISSUED

JOEMAR DE ANDRES BORNILLO


MARIA ALMA CORAZON H. PUNCIA

Known to me and to me known to be the same persons who executed the foregoing
instrument 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 20___.

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