MOA-Car Sale With Assumption(for Scribd)

 MEMORANDUM OF AGREEMENT KNOW ALL MEN BY THESE PRESENTS: This MEMORANDUM MEMORANDUM OF AGREEMENT AGREEMENT is made and executed in Quezon City, Metro Mania, !hii""ines this day o# $$$$$$$$$$$$$$$$$$ %y and %et&een'

 __________________  , o# e(a a(e, Fii"ino citizen, sin(e and &ith residence and "osta address $$$$$$ $$$ $$$$$$ $$$$$$$ $$$$$$$ $$$$$$ $$$$$$ $$$$$$ $$$$$$ $$$$$, $$, her hereina eina#te #ter r re#erre re#erred d to as F)R*T !ART+

at the

-and-

 _________________________, o# e(a a(e, Fii"ino, sin(e, &ith residence and "osta address $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!hii""ines, hereina#ter re#erred to as the SECOND PARTY;

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 WITNESSETH; That  WHEREAS, T. T.E E F) F)R* R*T T !A !ART+ RT+ is th the e re re(i (iste stere red d MOTOR /E.)C )C0 0E, su%1ect o# this "articuary descri%ed as #oo&s'

MEMOR ORA ANDUM

o&ner o&ne r o# th the e OF AGRE REE EMENT

 MAKE & TYPE : ___________  SERIES : ___________   ENGINE NO. : ___________   CHASSIS NO. : ___________    M FILE NO. : ___________  OFFICIAL RECEIPT : ___________   CERTIFICATE OF REGISTRATION: ___________   WHEREAS,

T.E F) T.E F)R* R*T T !A !ART RT+ + a( a(re rees es to se se  ou out t th the e MO MOTO TOR R /E.)C0E to the *ECOND !ART+ &ho is &iin( to %uy the same

 NOW, THEREFORE,  #or and in consideration o# the #ore(oin( "remises, the F)R*T !ART+ se unto the *ECOND !ART+ &ho here%y acce"ts #rom the F)R*T !ART+ the sod motor 2ehice, su%1ect o# the #oo&in( terms and conditions, to &it'

 ASSUMPTION OF MORTGAGE: The MOTOR /E.)C0E sod is sti the su%1ect o# a Contract o# 0oan &ith Chatte Mort(a(e constituted o2er the same 2ehice in #a2or o# $$$$$$$$$$$$$ $$$$$$$$$$$$$ 3an4 &hich sha %e assumed %y the *ECOND !ART+ #or the same terms and conditions &ith &i th th that at o# th the e F) F)R* R*T T !A !ART RT+, +, "a "art rtic icu uar ary y, , th the e re rema main inin in( (

%aance o# $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$, &ith monthy amortization amountin( to $$$$$$$$$$$$$$$$$$$$$$$$$, "ayment o# &hich due e2ery $$$ th o# the month

RIGHT OF REPOSSESSION' )n case the *ECOND !ART+ #ais to "ay t&o consecuti2e instaments o# the monthy amortization o# the Contract o# 0oan &ith Chatte Mort(a(e, the F)R*T !ART+ sha ha2e the ri(ht to re"ossess the said Motor /ehice #rom &ho may %e in "ossession thereo# and that the *ECOND !ART+ sha surrender to the F)R*T !ART+ the O##icia Recei"t and Certi#icate o# Re(istration thereo#

FORCE

MA!EURE'

)# &hoe or any "art o# the su%1ect MOTOR /E.)C0E sha %e destroyed or dama(ed %y accident, ro%%ery &ithout #aut o# the F)R*T !ART+, )T* EM!0O+EE OR AN+ OF )T* AUT.OR)5ED AGENT, #ire, #ood, i(htnin(, ty"hoon, earth6ua4e, storm, riot or any other un#oreseen disa%in( cause o# acts o# God, as to render the 0EA*ED MOTOR /E.)C0E durin( the term su%stantiay unusa%e the F)R*T !ART+ sha not %e ia%e #or any com"ensation and dama(es to the *ECOND !ART+, E7CE!T .O8E/ER, %oth "arties sha coordinate #or the insurance caim

 NECESSARY

REPAIRS:

A re"airs and maintenance, &hether ordinary or extraordinary, #or the su%1ect Motor /ehice, sha %e %orne %y the *ECOND !ART+ other than those may %e em%raced in the insurance "oicy co2erin( the Motor /ehice

LIABILITIES FOR "#$   PARTY DAMAGES AND !UDICIAL RELIEF ' The *ECOND !ART+ sha %e soey ia%e T.)RD !ART+ DAMAGE* a#ter the execution o# sae %et&een herein "arties This  MEMORANDUM OF AGREEMENT sha %e 2aid and %indin( %et&een the "arties, their successors-in-interest and assi(ns9

IN WITNESS WHEREOF, "arties herein a##ixed their si(natures on date and "ace a%o2e &ritten9

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F%#t Pa#t'

S()*+$ Pa#t'

 WITNESSED BY:  ___________________________ 

 

____________________________ 

 ACKNOWLEDGMENT REPUBLIC OF THE PHILIPPINES    S.S. BEFORE

ME,

a Notary !u%ic $$$$$$$$$$$$$$$$$$$$, "ersonay a""eared'

 Na-(

ID I($

#or

and

in

Dat(/P0a)( *1 I(

:no&n to me and to me 4no&n to %e the same "ersons &ho executed the #ore(oin( instrument and ac4no&ed(ed to me that the same are their #ree act and 2ountary deed9 This instrument, consistin( o# THREE 2" PAGES, incudin( the "a(e on &hich this ac4no&ed(ment is &ritten, has %een si(ned %y the "arties and o# their &itnesses on the e#t mar(in o# each and e2ery "a(e thereo# and a%o2e their names on "a(e t&o ;<= thereo#, and seaed &ith my notaria sea9

 WITNESS MY HAND AND SEAL on this $$ th day o# $$$$$$$$$$$$$, <>?$ at $$$$$$$$$$$$, !hii""ines9

D*). N*. _____; Pa3( N*. _____; B**4 N*. _____; S(#%( *1 567_.