DEED OF TRANSFER OF RIGHTS

WITH ASSUMPTION OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Transfer of Rights with Assumption of Mortgage made and executed by and
among:

RICKY BULAGAGAO ROYALES, of legal age, Filipino citizen, single, and a resident of Brgy.
Cabuco, Trece Martires City, Cavite, Philippines, hereinafter referred to as the
Transferor/Vendor;

-and-

ARJAY E. DELA PAZ, of legal age, Filipino citizen, married to ANNABEL K. DELA PAZ, of
legal age, Filipino citizen, and a resident of Blk. 20 Lot 16 Bell Flower St., Capitol Hills executive
SUbd., Brgy. Lapidario, Trece Martires City, Cavite, Philippines, hereinafter referred to as the
Transferee/Vendee;

Witnesseth:

WHEREAS, the TRANSFEROR/SELLER is the lawful possessor / vendee (by virtue of a

Deed of Conditional Sale, dated April 18, 2018 with the Pag-IBIG Fund as Seller and made a
RAIZZA MAE BANZONLUZMINDA PAJE GOPO_________________________________________________________

public instrument under the Notarial Registry of Atty. Amely Dait-Agmata [ Doc. No.: 286,
Page No.: 59, Book No.: 10, Series of: 2018) concerning a house and lot / residential unit
with improvements erected / existing thereon, situated at Lot 59 Blk. 38 Capitol Hills Executive
Subd., Ph. 2, Brgy. Lapidario, Trece Martires City, Cavite under Transfer Certificate of Title No.
T-22127 under the name of Marcins Agricultural Dev’t Corp., and is more specified as follows:

Technical Description

“A parcel of land (Lot 59, Blk. 38) of the cons./subd. Plan, Pcs-04-011239, being a
portion of the cons. of Lots 26 & 46 B1, All lots Blks 3 to 11’ 13 to 24; 26 to 27; 37 to 44; 47,
Rd. Lots 1 to 20; 22 to 31; 33, 41, 42 & Alley 1, all of Pcs-042122-008951, situated in the Bo.
of Lapidario, Mun. of Trece Martires, Prov. Of Cavite, Is. of Luzon. Bounded on xxxxx
containing an area of THIRTY NINE (39 SQ. METERS.”

WHEREAS, the above-described property is presently under mortgaged in favor of the

Transferor/Vendor Transferee/VendeeWitnessWitness

Home Development Mutual Fund (Pag - IBIG);

WHEREAS, the TRANSFEROR/SELLER has offered to sell their rights, interest,

participation and obligation over the property subject hereof and the Buyer has herein
accepted;

NOW THEREFORE for and in consideration of One Hundred Fifteen Thousand Pesos
(₱ 115,000.00), Philippine Currency receipt of which is hereby acknowledged by the
TRANSFEROR/SELLER said TRANSFEROR/SELLER, do hereby SELL, TRANSFER and CONVEY by
way of this Deed of Transfer of Rights with Assumption Of Mortgage, unto the said
TRANSFEREE/BUYER, to her heir, assigns and successors in interest, all of their rights, interest,
obligation and participation, over house and lot / residential unit with improvements erected
thereon, specified in the following terms and conditions.

1. That the total contract is amounting to One Hundred Fifteen Thousand Pesos
(₱ 115,000.00), Philippine Currency;
 2. That the Transferee/Buyer will give and amount of Fifty Thousand Pesos (₱ 50,000.00),
Philippine Currency represent as down payment;

3. That the remaining balance amounting to Sixty-Five Thousand Pesos (₱ 65,000.00),

Philippine Currency payable upon signing of this contract and the transferor/seller will
surrender the original copies pertains to the subject property;

4. That in the event the transferee/buyer was not able to pay the monthly amortization of the
subject property, the transferee/buyer will surrender to the transferor/seller the original
copies of the subject property, and the transferor/seller will return the amount of One
Hundred Fifteen Thousand Pesos (₱ 115,000.00), Philippine Currency to the
transferee/buyer;

PROVIDED, that the Buyer will assume the obligations and remaining balance of the
property subject hereof until fully - paid, in favor of Home Development Mutual (Pag -IBIG)
Fund. The Buyer likewise, undertake to comply with all the conditions related to the
acquisition of the property that will be imposed by the Home Development Mutual (Pag -
IBIG) Fund.

IN WITNESS WHEREOF, the parties signed their signatures on this _______day of

______ at Trece Martires City, Cavite, Philippines.

RICKY BULAGAGAO ROYALES ARJAY E. DELA PAZ

Transferor/Seller Transferee/Buyer

With marital consent:

ANNABEL K. DELA PAZ

Spouse of the Transferee/Buyer

SIGNED IN THE PRESENCE OF:

_________________________ _________________________
 ACKNOWLEDGEMENT

Republic of The Philippines )

Province of Cavite ) S.S.
Trece Martires City )

BEFORE ME, a notary for and in the Province of Cavite, Trece Martires City on this
_____day of ___________, personally appeared:

  Name Identification

RICKY BULAGAGAO ROYALES

ARJAY E. DELA PAZ
ANNABEL K. DELA PAZ

known to me and to me known to be the same persons who executed the foregoing Deed
Transfer of Rights with Assumption of Mortgage and acknowledged to me that the same is
their free and voluntary act and deed.

This instrument, consisting of two (2) pages including this page, has been signed on the
left margin of each and every page thereof by the concerned parties and their witnesses, and
sealed with my notarial seal and relates to Deed of Transfer of Rights with Assumption of
Mortgage of a real property located at Lot 59 Blk. 38 Capitol Hills Executive Subd., Ph. 2, Brgy.
Lapidario, Trece Martires City, Cavite under Transfer Certificate of Title No. T-
22127 under the name of Marcins Agricultural Dev’t Corp..

WITNESS MY HAND, this ______ day of __________ at Trece Martires City, Cavite,
Philippines.

Doc. No. : _____

Page No. : _____
Book No. : _____
Series of : _____
 SPECIA L POWER OF ATTORNEY
 KNOW ALL MEN BY THESE PRESENTS:
 
I, RICKY BULAGAGAO ROYALES, of legal age, Filipino citizen, single, and a resident of
Brgy. Cabuco, Trece Martires City, Cavite, Philippines, do hereby APPOINT, NAME and
CONSTITUTE ------ ARJAY E. DELA PAZ, of legal age, Filipino citizen, married to ANNABEL K. DELA
PAZ, of legal age, Filipino citizen, and a resident of Blk. 20 Lot 16 Bell Flower St., Capitol Hills
executive SUbd., Brgy. Lapidario, Trece Martires City, Cavite, Philippines, to be my true and legal
representative to act for and in my name and stead and to perform the following acts:

1. TO TRANSACT AND REPRESENT OUR BEHALF AT THE HOME DEVELOPMENT MUTUAL FUND
(ALSO KNOWN AS PAG-IBIG) PERTAINING TO A REAL PROPERTY WITH IMPROVEMENTS
ERECTED THEREON, SITUATED AT LOT 59 BLK. 38 CAPITOL HILLS EXECUTIVE SUBD., PH. 2, BRGY.
LAPIDARIO, TRECE MARTIRES CITY, CAVITE UNDER TRANSFER CERTIFICATE OF TITLE NO.
T-22127 UNDER THE NAME OF MARCINS AGRICULTURAL DEV’T CORP.

2. TO MAKE, TO SIGN, EXECUTE, FILE, CAUSE PAYMENT AND APPLY ANY INSTRUMENT
AND OTHER WRITINGS OF WHATEVER NATURE OR KIND, TO THE OFFICES ABOVE-
SPECIFIED AND WITH ANY AND ALL THIRD PERSONS, ENTITIES OR CONCERNS, UPON
TERMS AND CONDITIONS ACCEPTABLE TO MY SAID ATTORNEY;

3. TO RECEIVE, TO CLAIM, TO OBTAIN, THE ORIGINAL COPY OF TRANSFER CERTIFICATE OF

TITLE AT HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG FUND) /OR REGISTRY OF
DEEDS;

4. TO CAUSE TRANSACT AND MAKE REPRESENTATIONS AT ANY AND ALL PRIVATE AND
GOVERNMENT OFFICES WHICH MAY REQUIRE MY CONSENT, APPROVAL OR
APPEARANCE;

5. TO PERFORM AND DO ANY OTHER ACTS OF REPRESENTATION NECESSARY IN ORDER TO

FULFILL THE FOREGOING AUTHORITY.

HEREBY GRANTING unto my representative full power and authority to execute and
perform every act necessary to render effective the power to sell the foregoing properties,
as though ourselves, have so performed it, and HEREBY APPROVING ALL that he may do by
virtue hereof with full right of substitution of his person and revocation of this instrument.
 
IN WITNESS WHEREOF, we have hereunto set our hands this _________day of ______
at Trece Martires City, Cavite, Philippines.

RICKY BULAGAGAO ROYALES

Principal
I Accept the Authority:

ARJAY E. DELA PAZ

SIGNED IN THE PRESENCE OF:

__________________________ __________________________
 ACKNOWLEDGEMENT

Republic of The Philippines )

Province of Cavite ) S.S.
Trece Martires City )

BEFORE ME, a notary for and in the Province of Cavite, Trece Martires City on this _____
day of _______, personally appeared:

  Name Identification

RICKY BULAGAGAO ROYALES

ARJAY E. DELA PAZ
ANNABEL K. DELA PAZ
known to me and to me known to be the same persons who executed the foregoing Special
Power of Attorney and acknowledged to me that the same is their free and voluntary act and
deed.

This Special Power of Attorney, consist of two (2) pages, including the page on which
this acknowledgment is written, has been signed on the left margin of each and every page
thereof by the concerned parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND, this _____day of ___________ at Trece Martires City, Cavite,

Philippines.
RAIZA MAE BANZONLUZMANDA PAJE GOPO _________________________________________________________

Doc. No. : _______

Page No. : _______
Book No. : _______
Series of : _______
PrincipalAttorney-In-FactWitnessWitness
Republic of the Philippines )
Province of Cavite ) S.S.
Trece Martires City )

WAIVER OF RIGHTS
I, RICKY BULAGAGAO ROYALES, of legal age, Filipino citizen, single, and a resident of
Brgy. Cabuco, Trece Martires City, Cavite, Philippines, after having been duly sworn on oath in
accordance with law hereby voluntarily depose and say:

1. That I am the lawful possessor / vendee (by virtue of a Deed of Conditional Sale, dated
April 18, 2018 with the Pag-IBIG Fund as Seller and made a public instrument under
the Notarial Registry of Atty. Amely Dait-Agmata [ Doc. No.: 286, Page No.: 59, Book
No.: 10, Series of: 2018) concerning a house and lot / residential unit with
improvements erected / existing thereon, situated at Lot 59 Blk. 38 Capitol Hills
Executive Subd., Ph. 2, Brgy. Lapidario, Trece Martires City, Cavite under Transfer
Certificate of Title No. T-22127 under the name of Marcins Agricultural
Dev’t Corp.;

2. Through the foregoing, I am voluntarily and as well as all my successors-in-interest

WAIVING all of our rights, interest and participation over the subject property specified
above, in favor of RICKY BULAGAGAO ROYALES, of legal age, Filipino citizen, married to
ANNABEL K. DELA PAZ, of legal age, Filipino citizen, and a resident of Blk. 20 Lot 16 Bell
Flower St., Capitol Hills executive SUbd., Brgy. Lapidario, Trece Martires City, Cavite,
Philippines;

3. Provided that the said ARJAY E. DELA PAZ has undertaken to assume all existing
obligations and balance concerning the property subject hereof, including payment of
its monthly amortizations until fully-paid, in favor of Home Development Mutual
Fund (also known as Pag-IBIG);

4. That I am executing this affidavit to attest of the foregoing facts and for whatever legal
purpose it may suit best.

IN TRUTH WHEREOF, I have hereunto signed name on this ______day of ________ at

Trece Martires City, Cavite, Philippines.

RICKY BULAGAGAO ROYALES

Affiant

With Conformity

LUZMINDA PAJE GOPO

SUBSCRIBED AND SWORN to before me in the Trece Martires City, Cavite, Philippines,
this ______ day of ______, who has satisfactorily proven to me her identity through her
PhilHealth ID bearing the number 08-026658256-1, that she is the same person who is personally
signed before me the foregoing Waiver of Right and acknowledged that she executed the same.

Doc. No. : ________

Page No. : ________
Book No. : ________
Series of : ________