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Deed of Conditional Assignment
Deed of Conditional Assignment
Deed of Conditional Assignment
WITNESSETH, that –
WHEREAS, the ASSIGNOR has collectibles that are due and demandable
receivables from the following debtors: (1). Rollie Villegas; (2). Agnes Paglinawan;
(3). Agapito Dasic; (4). Marie Glo Fuentes; (5). Norvie Pabilonia; (6). Ma. Elizabeth
Platero; (7). Freddie De Jesus; (8). Jinggoy Palomique; (9). Carmen Santa Maria;
(10). Cherrie Sumague; and (11). Mario Anatulan;
WHEREAS, the FIRST ASSIGNEE and the SECOND ASSIGNEE have the
capability, knowledge and skills to initiate and undertake the collection process
by way of judicial and extra-judicial means;
In order to effect this sharing agreement, the PARTIES hereto further agree
and undertake to the following terms hereof, to wit—
1. The FIRST ASSIGNEE shall initiate the necessary actions, including “small
claims cases”, (the principal amounts for each debtor/obligor do not exceed
one hundred thousand pesos), in the appropriate municipal trial court/s. For
this purpose, the ASSIGNOR shall issue in favor of the FIRST ASSIGNEE the
necessary special powers of attorney (SPA). Provided further that interests
and penalties in addition to principal obligations, may also be collected;
and all other necessary documents, including notarial acts for this purpose;
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(Printed Name & Signature) (Printed Name & Signature)
BEFORE ME, a notary public for and in the province of Laguna, personally
appeared the following:
known to me to be the same persons who executed the foregoing deed consisting
of two (2) pages including this page where this acknowledgment appears; and
they acknowledged to me that the same is their free and voluntary act and deed.