DEED OF TRANSFER

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Transfer made and executed by:
_____________, of legal age, Filipino, (single / married / widow),
and a resident of _____________, Philippines, (hereinafter referred
to as the "TRANSFEROR");
- in favor of _____________, of legal age, Filipino, (single / married / widow),
and a resident of _____________, Philippines, (hereinafter referred
to as the "TRANSFEREE");
WITNESSETH: That WHEREAS, the TRANSFEROR has secured a loan from the TRANSFEREE and as
security for the payment thereof, mortgaged a certain parcel of land, together with all the
buildings and/or improvements thereon, the land more particularly described as follows:
(Technical Description of Property)
which Real Estate Mortgage is more particularly described as Doc No. ________, Page No.
________, Book No. ________, Series of ________ in the Notarial Registry of Notary Public
_____________ of the Province of _____________, and incorporated by way of reference as
part of this deed.
WHEREAS, in order to settle the said loan, the TRANSFEROR has offered to transfer
by way of dation in payment the above-mentioned property in favor of the TRANSFEREE in full
acquittance of his obligation with the latter, which offer was accepted by the TRANSFEREE.
NOW THEREFORE, for and in consideration of the foregoing stipulations and
covenants and for the full acquittance of the obligation of the TRANSFEROR in favor of the
TRANSFEREE secured by the real estate mortgage aforementioned, the TRANSFEROR does
hereby CEDE, TRANSFER and CONVEY the aforementioned parcel of land together with all
the improvements found thereon in favor of the TRANSFEREE, free from all liens and
encumbrances, except those already annotated prior the registration of the mortgage as
aforementioned.
IN WITNESS WHEREOF, the parties have hereunto signed these presents at
_____________, Philippines, on _____________.

TRANSFEROR

TRANSFEREE

SIGNED IN THE PRESENCE OF:

__________________

__________________

(ACKNOWLEDGMENT)