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    Republic of The Philippine (Car)

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    babyanang
    This document contains 3 legal agreements between an individual and the House of Representatives Multi-Purpose Cooperative regarding the financing of a vehicle: 1) A Deed of Assignment transferring the individual's rights and interest in the vehicle to HRMC in exchange for payment to settle an outstanding loan. 2) A Quitclaim Deed relinquishing any future claims by the individual to the vehicle once the loan is repaid. 3) An Affidavit of Undertaking authorizing HRMC to sell the vehicle if the individual defaults on the 3-year loan, in order to recover costs.

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    Republic of The Philippine (Car)

    Uploaded by

    babyanang
    107 views4 pages
    This document contains 3 legal agreements between an individual and the House of Representatives Multi-Purpose Cooperative regarding the financing of a vehicle: 1) A Deed of Assignment transferring the individual's rights and interest in the vehicle to HRMC in exchange for payment to settle an outstanding loan. 2) A Quitclaim Deed relinquishing any future claims by the individual to the vehicle once the loan is repaid. 3) An Affidavit of Undertaking authorizing HRMC to sell the vehicle if the individual defaults on the 3-year loan, in order to recover costs.

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    Republic of the Philippine(Car)

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    This document contains 3 legal agreements between an individual and the House of Representatives Multi-Purpose Cooperative regarding the financing of a vehicle: 1) A Deed of Assignment transferring the individual's rights and interest in the vehicle to HRMC in exchange for payment to settle an outstanding loan. 2) A Quitclaim Deed relinquishing any future claims by the individual to the vehicle once the loan is repaid. 3) An Affidavit of Undertaking authorizing HRMC to sell the vehicle if the individual defaults on the 3-year loan, in order to recover costs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    107 views4 pages

    Republic of The Philippine (Car)

    Uploaded by

    babyanang
    This document contains 3 legal agreements between an individual and the House of Representatives Multi-Purpose Cooperative regarding the financing of a vehicle: 1) A Deed of Assignment transferring the individual's rights and interest in the vehicle to HRMC in exchange for payment to settle an outstanding loan. 2) A Quitclaim Deed relinquishing any future claims by the individual to the vehicle once the loan is repaid. 3) An Affidavit of Undertaking authorizing HRMC to sell the vehicle if the individual defaults on the 3-year loan, in order to recover costs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 4

    Republic of the Philippines ) Quezon City, Metro Manila) S.S.

    DEED OF ASSIGNMENT KNOW ALL MEN BY THESE PRESENTS: I, ___________________, of legal age, married to _______________, for and in consideration of the sum of _________________________________________ (P _________), Philippine currency to me in hand paid by the HOUSE OF REPRESENTATIVES MULTIPURPOSE COOPERATIVE (HRMC), a duly created organization under the laws of the Republic of the Philippines and duly registered cooperative with the Cooperative Development Authority of the Philippines (CDA) with postal address at Batasan Complex, Quezon City, Philippines, the receipt whereof is hereby acknowledged to my entire satisfaction, do hereby sell, transfer and assign in favor of said HOUSE OF REPRESENTATIVES MULTI-PURPOSE COOPERATIVE (HRMC) all and whatever rights and interests which I may or might have over that certain personal property by virtue of an Affidavit of Undertaking with Authority to Sell and Dispose of the Collateral executed and entered into by _________________ on ___________, 2008, said motor vehicle being more particularly described having the following specifications: ____________________________________________ with Plate _____________, MV File No. ______________________, Serial/Chasis No. ____________________, Engine No. _________, Gross Weight of __________ kilograms and Net Capacity of _____________, subject only to the terms and conditions set forth in the aforementioned Affidavit of Undertaking with Authority to Sell and Dispose of the Collateral which is made an integral part hereof by reference as Annex, without prejudice to such other rights and privileges as are granted the buyer of motor vehicle on installment basis. In witness whereof, the Assignor and the Assignee have hereunto set their hands at Quezon City, Philippines, on this _____ day of March 2009.

    Assignee

    HOUSE OF REPRESENTATIVES PURPOSE COOPERATIVE (HRMC) Represented by its Chairperson ATTY. MARIA ELVIRA R. URSAL CTC No.: __________ Issued on: __________ Issued at: __________

    MULTI-

    Spouse CTC No.: ____________ Issued on: ___________ Issued at: ____________

    Subscribed and Sworn to before me at Quezon City, Philippines, this ____ day of March 2009, affiants exhibiting their residence certificates first above written. Doc. No. _______ Page No. _______ Book No. _______ Series of 2009

    Republic of the Philippines ) Quezon City, Metro Manila) S.S. QUITCLAIM DEED KNOW ALL MEN BY THESE PRESENTS: This QUITCLAIM DEED executed this ____ day of March 2009, by ________________________, of legal age, married to ______________, with residence and postal address at _____________________________________ hereinafter referred to as the FIRST PARTY to the HOUSE OF REPRESENTATIVES MULTI-PURPOSE COOPERATIVE (HRMC), a duly registered cooperative with the Cooperative Development Authority with principal business address at the House of Representatives, Batasan Complex, Constitutional Hills, Diliman, Quezon City, hereinafet referred to as the SECOND PARTY and is represented by ATTY. MARIA ELVIRA R. URSAL in her capacity as CHAIRPERSON. WITNESSETH: That said FIRST PARTY, for and in consideration of the sum of ____________________________ (P _________) paid by the said SECOND PARTY, the receipt whereof is hereby acknowledged, does hereby remise, release and quitclaim unto the SECOND PARTY all rights, title, interest and claims which the said FIRST PARTY has on the: _____________________________ with Plate No. ________________, MV File No. ______________________________, Serial/Chasis No. ______________________, Engine No. ______________, Gross Weight of _________ kilograms and Net Capacity of _____, Until the aforesaid amount, interest and penalties thereof have been fully satisfied.

    First Party

    ATTY. MARIA ELVIRA R. URSAL Second Party

    Witness for FIRST PARTY Witness for SECOND PARTY

    _______________________ _______________________

    SUBSCRIBED AND SWORN TO before me at Quezon City, Philippines, this ___ day of March 2009, affiants exhibiting their Residence Certificate first above written.

    Doc. No. _______

    Page No. _______ Book No. _______ Series of 2009

    Republic of the Philippines ) Quezon City, Metro Manila) S.S. AFFIDAVIT OF UNDERTAKING WITH AUTHORITY TO SELL AND DISPOSE OF THE COLLATERAL I, _________, of legal age, Filipno citizen, with residence and postal address at ____________________________, after having been sworn to in accordance with law, hereby depose and state: That 1. For and in consideration of a loan in the sum of ____________________________________________________ (P______________), to me in hand paid by the House of Representatives Multi-Purpose Cooperative (HRMC) do hereby convey as collateral unto said cooperative the following item: _____________________________________________ with Plate No. ____________, MV File No. ________________________, Serial/Chasis No. _____________________, Engine No. ___________________, Gross Weight of _______________kilograms and Net Capacity of ______. 2. I undertake to pay or cause to be paid my obligation/loan within a period of THREE (3) YEARS together with any other charges and interest thereon as provided for under the LongTerm facility of the HRMC. 3. I shall waive my rights to redeem the collateral stated above, of for whatever reason/s, I fail to settle my obligation/loan to the said cooperative within the said period and shall therefore GIVE THE FULL AUTHORITY TO SELL AND/OR DISPOSE said collateral to the HRMC under the terms and conditions of said loan facility. 4. I am executing this instrument for the purpose of securing the obligation specified therein, and for no other purpose, and attest that the same is just and valid. Signed this ____ day of March 2009, Quezon City Philippines. Spouse Borrower CTC NO.: Date Issued: Issued at: ____________ ____________ ____________

    SUBSCRIBED AND SWORN TO before me at Quezon City, Philippines, this ___ day of May 2008, affiants exhibiting their Residence Certificate first above written. Doc. No. _______ Page No. _______ Book No. _______ Series of 2009

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