Está en la página 1de 1

DEED OF RECONVEYANCE

KNOW ALL MEN BY THESE PRESENTS:

____________________________________ single/married to _________________ of legal ages, Filipino, with residence and
postal address at _______________________________________________ do hereby stat that on
___________________________, residential house and lot more particularly described as follows:

Property Deed of Absolute Sale
Subdivision : Doc. No. :
Block No. : Page No. :
Lot No. : Book No. :
TCT No. : Series No. :
Registry of Deeds of : Notary Public :

That if the total consideration stated in said Deed of Absolute Sale, I/we have an outstanding obligation in the amount of
____________________________________________________________, (P________________) which I/we intended to be paid
out of the proceeds of the loan which I/we applied for mortgaging said house and lot in any bank of financial institution; that the
said transfer of the title of the subject property in my/our name(s) was made by the Developer relying on my/our undertaking
my/our aforesaid outstanding obligation will be paid in full from the proceeds of the said loan that I have failed to fully pay from
the said obligation to the Developer.

Hence, in view of the foregoing premises I/we hereby RECONVEY unto the Developer, a corporation duly organized and
existing under the laws of the Philippines, with principal at a Camella Centre, Alabang-Zapote Road, Las Piñas, Metro Manila, the
above-mentioned residential house and lot together with all the improvements thereon. Further, I/we hereby agree that any and all
payments that I/we have made to be applied to the broker’s commission, registration and transfer taxes, fees, charges and other
expenses that may have been incurred and will be incurred by Developer in the registration of the said Deed of Absolute Sale and
this Deed of Reconveyance, and the residue, if any, be applied to the payments of damages, cost of repairs and cost of money that
developer may have suffered or incurred or will suffer or will incur in holding said house and lot for me/us. If the payments I/we
have made are not sufficient to answer for the aforesaid expenses, I/we hereby undertake to reimburse the Developer to such
deficiency. Finally, I/we hereby hold the Developer free and harmless from whatever suit arising out of or in course of above-
mentioned Deed of Absolute Sale and this Deed of Reconveyance and hereby bind obligate myself/ourselves to indemnify the
Developer for any and all liabilities, losses, damages, judgments, awards, fines, and penalties and all other expenses arising from
or by reason aforementioned Deed of Absolute Sale and this Deed of Reconveyance.

IN WITNESS WHEREOF, I/we have hereunto set my/our hands this _______________________ at ________________
_______________________________.

Accepted by:
DEVELOPER
By:

_______________________________________ ________________________________________
Buyer

________________________________________
Marital Consent

Signed in the Presence of:

_______________________________________ ________________________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

BEFORE ME, a Notary Public for and in the above jurisdiction, this ___________________ personally appeared:

NAME COMM. TAX CERT. NO. ISSUED ON ISSUED AT

Known to me to be the persons who executed the foregoing instrument and they acknowledged to me that the same is their free
and voluntary act and deed and that of the entity herein represented. The foregoing instrument consisting of one (1) page refers to a
Deed of Reconveyance of a residential house and lot.

IN WITNESS WHEREOF, I have hereunto set my hand and seal on the date and the place of above-written.

Doc. No.
Page No.
Book No.
Series of: