DACION EN PAGO DEED OF ASSIGNMENTREAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Dacion En Pago Deed of Assignment of Real Estate Mortgage, made and entered into this ___ day of ____, in the City of Trece Martires, by and between:

KATRINA M. IPAC, of legal age, Filipino citizen, married to ________________________, of legal age, Filipino citizen, with residence and postal address at Silang, Cavite, hereinafter referred to as the ASSIGNOR/MORTGAGOR;-And-MARIPAZ T. MORALTA, of legal age, Filipino citizen, with residence and postal address at Daine, Indang, Cavite, hereinafter referred to as the ASSIGNEE/MORTGAGEE;

-WITNESSETH-

WHEREAS, the ASSIGNOR/MORTGAGOR is the registered owner of one Condominium Unit located at ___________________________ with an area of Forty Eight (48) Square Meters covered by Condominium Unit of Title No. CCT-10747, and more particularly described as follows:

Condominium Unit of Title No. CCT-10747

Grand Quarter 2-4th Floor Level-Unit F, 1 Bedroom Unit with an area of Forty Eight (48) Square Meters WHEREAS ,That the ASSIGNOR/MORTGAGOR is indebted to the ASSIGNEE/MORTGAGEE in the sum of One Million Five Hundred Sixty Thousand Pesos ( 1,560,000.00), Philippine Currency and in full payment and complete satisfaction thereof hereby ASSIGN, TRANSFER and CONVEY unto the ASSIGNEE/MORTGAGEE that certain real estate with all the buildings and improvements thereon, situated in ____________________,

That the ASSIGNEE/MORTGAGEE does hereby accept this assignment in full payment of the above-mentioned debt of One Million Five Hundred Sixty Thousand Pesos ( 1,560,000.00), Philippine Currency.

IN WITNESS WHEREOF, the parties have signed this Deed on this ___ day of ____ at __________________________________________.

KATRINA M. IPACMARIPAZ T. MORALTAASSIGNOR/MORTGAGORASSIGNEE/MORTGAGEEGIID. No.: ____________________________GIID. No.: ____________________________

Signed in the presence of:

__________________________________________________________________________________A C K N O W L E D G E M E N T

Republic of the Philippines)Province of Cavite ) S.STrece Martires City )

BEFORE ME, a notary for and in Trece Martires City, Cavite, personally came and appeared the above-named persons with their competent proof of identifications above-indicated known to me and to me known to be the same persons who executed the foregoing Dacion En Pago (Deed of Assignment of Real Estate Mortgage and acknowledged to me that the same is their free and voluntary act and deed.

The foregoing document consist of Two (2) pages, including this page containing the acknowledgement, signed by the parties and their witnesses . WITNESS MY HAND AND SEAL, on this ___ day of ___ at Trece Martires City Cavite .

Doc. No.: _____Page No.: _____Book No.: _____Series of: _____