KNOW ALL MEN BY THESE PRESENTS: This DEED OF
SALE WITH MORTGAGE, made and executed by and between (Full name of
vendor) Filipino, of legal age, single (or married to (Full name of vendee) Filipino, of
legal age, single (or married
to ______________________) with residence and post-office address
at ___________________________, hereinafter called the VENDEE
MORTGAGOR Witnesseth: That the
VENDOR-MORTGAGEE is the owner in fee simple of a certain parcel of land
together with all the buildings and improvements thereon, situated in
__________ , his title thereto being evidenced by Transfer (or Original) Certificate of Title
No. _________ Of the Registry of Deeds of __________ which land is more
particularly described as follows, to wit: (Description of
land) That for and in
consideration of the sum of ______________ PESOS (P__________), Philippine
currency, of which amount the sum of ____________ PESOS (P___________ )has
been paid by the VENDEE-MORTGAGOR and receipt whereof is hereby
acknowledged by the VENDOR-MORTGAGEE, the said VENDOR-MORTGAGEE does
hereby SELL, TRANSFER, and CONVEY unto the said VENDEEMORTGAGOR the
above-described real estate together with all the buildings and
improvements thereon, free from all liens and encumbrances
whatsoever;
(Here state manner of
payment) That, in order to
guarantee the fulfillment of the above obligations, the
VENDEE-MORTGAGOR does hereby MORTGAGE unto the VENDOR-MORTGAGEE, his heirs
and assigns, the real estate hereinabove described, together with all
the buildings and improvements thereon, under the express stipulation that
if the said VENDEEMORTGAGOR shall well and truly pay or cause to be
paid unto the VENDOR-MORTGAGEE the aforesaid obligations, then this
MORTGAGE shall be of no further force and effect; otherwise, the same
shall remain in full force and effect and shall be enforceable in the
manner prescribed by law. IN WITNESS WHEREOF, the
parties hereto have hereunto set their hands this ___________day of
_____________, 19_____, in ______________________,
DEED OF
_______________________) with residence and post-office address
at
__________________________, hereinafter called
the VENDOR-MORTGAGEE and
That it is hereby
agreed and stipulated that the UNPAID BALANCE of _______________ PESOS
(P__________ ), Philippine currency, of which amount the sum of ________________ PESOS
(P__________) shall be paid by the VENDEE-MORTGAGOR to the
VENDOR-MORTGAGEE at the latter's residence, as follows, to wit:
_____________________________________________ ___ _________________________________________________
(Vendor Mortgagee)
(Vendee-Mortgagor)
singed in the presence of:
______________________________
______________________________