LEGAL FORMS: Deed Of Assignment

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DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS

KNOW ALL MEN BY THIS PRESENTS:

        This deed, made and entered into this ___ day of __________, 20__ at the City of Manila, by and between:

_____________, Filipino Citizen, of legal age, married to Juanita de la Cruz with residence and postal address at _________________________, Manila, hereinafter referred to as the "ASSIGNOR".

-and-

______________, Filipino Citizen, of legal age, married to Patricia San Juan with residence and postal address at _________________________, Manila, hereinafter referred to as the "ASSIGNEE".

WITNESSETH that:

        WHEREAS the ASSIGNOR is the buyer of a 2-bedroom unit, located at _____________, Manila, with an area of SEVENTY EIGHT (78) SQUARE METERS more or less, covered by Condominium Certificate Title No._______ of the register of Deeds of Manila, registered in the name of the Bank of the Philippine Islands.;

        WHEREAS, the ASSIGNOR has offered to to assign all his rights, title and interest over the above unit, as referred in said Contract to Sell and the ASSIGNEE hereby accepts the assignment in accordance with the terms herein set forth;

        NOW, THEREFORE, for and in consideration of the foregoing premises and the sum of ONE MILLION PESOS (1,000,000.00), PHILIPPINE CURRENCY, which the ASSIGNOR hereby acknowledged to have received from the ASSIGNEE, the ASSIGNOR hereby assigns, transfers and conveys unto the ASSIGNEE, all his rights, title and interest to the aforementioned property and and appurtenant interest in the Condominium project pursuant to this Agreement and the ASSIGNEE by these presents hereby accepts the assignment and agrees to be bound by the terms and conditions of the Contract to Sell and the rules and regulations, and restrictions pertaining to the said unit.

IN WITNESS WHEREOF, the parties have hereunto set their hands on the date and place first above written.

____________                              ____________

ASSIGNOR                                      ASSIGNEE   

Signed in the presence of:

_____________________________                  ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)

_____________________) S.S

BEFORE ME, a notary for and in the City of Manila, personally appeared:

   Name                       CTC Number                 Date/Place Issued    

      (ASSIGNOR)                  00000000           January 15, 20__ / Quezon City

(ASSIGNEE)                  00000000            January 21, 20__ / Manila   

known to me and to me known to be the same persons who executed the foregoing Deed of Assignment and transfer of Rights 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.

Notary Public

Doc.  No.______;

Page No. ______;

Book No.______;

Series of 20___.