(Dacion en Pago / Dation in Payment)

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:

__________________ __________________

REPUBLIC OF THE PHILIPPINES)

CITY/MUNICIPALITY OF ______) SS.
x------------------------------------x
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the (Province/City/Municipality) of _____________,
personally appeared _____________ with Community Tax Certificate No. _____________ issued on
_____________ at _____________, personally known to me (or whom I have identified through competent
evidence of identity) and who represented to me that his/her signature on the foregoing instrument was
voluntarily affixed by him/her for the purposes stated in the instrument and who declared that he/she has
executed the foregoing instrument as his/her free and voluntary act and deed.
This Instrument consists of only ______ (____) page/s, including this page in which this
acknowledgment is written, duly signed by _____________ and his/her instrumental witnesses on each
and every page hereof.
WITNESS MY HAND AND SEAL this _____________ at _____________, Philippines.

NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No.______;
Series of 20____.