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Department of Justice
National Prosecution Service
OFFICE OF THE CITY PROSECUTOR
Iligan City
AFFIDAVIT OF DESISTANCE
set
our
hands
MAMIL M. ADACUL
Affiant
CERTIFICATION
THIS IS TO CERTIFY THAT I personally examined the herein affiant and
that I am fully satisfied that she executed and understood the content of her
Affidavit.
: Toyota
: Innova
: SUV
: 2012
MOTOR NO.
SERIAL/CHASSIS NO.
PLATE NO.
FILE NO.
: 1036-00000177107
: KUN405081131
: KGK 294
:
WHEREAS, the said motor vehicle is still mortgaged with Phillipine National Bank
(PNB), with remaining balance of Seven Hundred Eight Six Thousand Four Hundred Eighty
Eight Pesos (Php786,488.00) which is already due and demandable.
WHEREAS, the SELLER has offered to sell and the BUYER has agreed to buy the
above-described motor vehicle with all the improvements thereon for the total price of Three
Hundred Thousand (Php300,000.00) PESOS, Philippine Currency, receipt whereof is hereby
acknowledged to my entire satisfaction payable in the manner and form set forth herein below:
NOW, THEREFORE, for and in consideration of the sum of Three Hundred
Thousand (Php300,000.00) PESOS, Philippine currency, the said SELLER does hereby
sell, transfer and convey, in a manner absolute and irrevocable, unto the BUYER, free
and clear of all liens and encumbrances excepting the mortgagee as may be subsisting
in favor of PNB; and
The BUYER does hereby accept this sale and binds himself to assume as he
hereby assumes the payment of the unpaid balance of the mortgage in indebtedness of
the VENDOR amounting to Seven Hundred Eight Six Thousand Eight Hundred Pesos
44/100 (Php786,800.44) in favor of the aforenamed mortgagee and does hereby further
agree to be bound by the precise terms and conditions therein contained.
IN WITNESS WHEREOF, we have hereunto affixed our hands this____ day of
_______________ at ________________.
MAMIL M. ADACUL
Seller
ROMEO F. HERRERA
Buyer
_____________________________
______________________________
ACKNOWLEDGEMENT
Identification Card
Date/Place Issued
________________________
________________________
Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same is their free and voluntary act and deed.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Doc. No.______;
Page No. ______;
Book No.______;
Series of 2015