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    Deed of Sale and SPA

    Uploaded by

    Jasmin Asis
    This document summarizes a deed of sale between John Luis A. Santos and Sherwin A. Calipayan for an undisclosed vehicle. Sherwin will pay 27,000 PHP for the vehicle in 20 weekly installments of 1,000 PHP. If Sherwin fails to pay for three consecutive or non-consecutive weeks, John is entitled to keep 50% of the total amount as liquidated damages and forfeit the down payment. Sherwin also grants John power of attorney to use, transfer ownership, and perform other acts related to the vehicle on Sherwin's behalf until it is fully paid off.

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    © All Rights Reserved
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    Deed of Sale and SPA

    Uploaded by

    Jasmin Asis
    91 views3 pages
    This document summarizes a deed of sale between John Luis A. Santos and Sherwin A. Calipayan for an undisclosed vehicle. Sherwin will pay 27,000 PHP for the vehicle in 20 weekly installments of 1,000 PHP. If Sherwin fails to pay for three consecutive or non-consecutive weeks, John is entitled to keep 50% of the total amount as liquidated damages and forfeit the down payment. Sherwin also grants John power of attorney to use, transfer ownership, and perform other acts related to the vehicle on Sherwin's behalf until it is fully paid off.

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    This document summarizes a deed of sale between John Luis A. Santos and Sherwin A. Calipayan for an undisclosed vehicle. Sherwin will pay 27,000 PHP for the vehicle in 20 weekly installments of 1,000 PHP. If Sherwin fails to pay for three consecutive or non-consecutive weeks, John is entitled to keep 50% of the total amount as liquidated damages and forfeit the down payment. Sherwin also grants John power of attorney to use, transfer ownership, and perform other acts related to the vehicle on Sherwin's behalf until it is fully paid off.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    91 views3 pages

    Deed of Sale and SPA

    Uploaded by

    Jasmin Asis
    This document summarizes a deed of sale between John Luis A. Santos and Sherwin A. Calipayan for an undisclosed vehicle. Sherwin will pay 27,000 PHP for the vehicle in 20 weekly installments of 1,000 PHP. If Sherwin fails to pay for three consecutive or non-consecutive weeks, John is entitled to keep 50% of the total amount as liquidated damages and forfeit the down payment. Sherwin also grants John power of attorney to use, transfer ownership, and perform other acts related to the vehicle on Sherwin's behalf until it is fully paid off.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    DEED OF SALE

    KNOW ALL MEN BY THESE PRESENTS:

    That I, JOHN LUIS A. SANTOS, OF LEGAL AGE, Filipino, residing at 115 Cainta St.,
    Maypajo, Caloocan City ,as the VENDOR, for a total consideration of the sum (TWENTY-SEVEN
    THOUSAND PESOS ONLY (P 27,000.00) to me in installment for 20 weeks, (1,000php a week)
    by SHERWIN A. CALIPAYAN of legal age, Filipino, residing at 128 J. Lerma St., Maypajo,
    Caloocan as the VENDEE, Vehicle description stated herein under:

    MAKE
    SERIES
    MV FILE NO.
    ENGINE NO.
    CHASIS NO.
    CONDUCTION STICKER

    That I, Hereby TRANSFER and CONVEY unto the said VENDEE, free from all lien and
    encumbrances, whatsoever;

    In addition to that the vendee should be responsible for the monthly amortization to the
    vendor until its fully paid. Failure to pay the P1000.00 every week for three (3) times
    consecutive or non-consecutive, vendor shall have the right to retain at least FIFTY PERCENT
    (50%) of the total amortization as liquidated damages and shall merit the forfeiture of the
    whole down payment. Refund to be given in 60 days after approval of cancellation request.
    VENDOR shall execute the necessary deeds or documents need to completely transfer the
    ownership of the subject vehicle in favour to the VENDEE upon full payment of the obligation
    to the vendor.

    IN WITNESS WHEREOF , we have hereunto affixed our signature this ___________day


    of_______2021, in the city of Caloocan , Philippines.

    SHERWIN A. CALIPAYAN JOHN LUIS A. SANTOS


    Vendee Vendor
    Driver’s License No. N25-15- 005841 Voter’s ID no. ______________
    SPECIAL POWER OF ATTORNEY

    KNOW ALL MEN BY THESE PRESENTS:

    That I, SHERWIN A. CALIPAYAN, of legal age, Filipino , residing at 128 J. Lerma St., Maypajo, Caloocan
    City hereby NAME, CONSTITUTE and APPOINT JOHN LUIS A. SANTOS residing at 115 Cainta St. Maypajo
    Caloocan City to be my true and lawful attorney-in-fact, for me and in my name to perform the following:

    To authorize the above-stated Attorney-in-fact, to drive my vehicle for his personal use, vehicle described as
    follows:

    Make -
    Conduction No. -
    Plate No. -
    MV File No. -
    Engine No. -
    Chassis No. -

    To make, sign, execute, deliver and receive contracts, agreements, document and other writings of whatever
    nature or kind, with any and all third persons, government agencies, entities or concerns pertaining to my motor vehicle.

    To transact with Motortrade and LTO pertinent to my motor vehicle and perform any act and sign, deliver and
    obtain any contract or documents and to perform such other matters as required.

    To claim from Motortrade and LTO, the original Official Receipt and Certificate of Registration (issued by LTO)
    and to perform any deed which is necessary to completely transfer the ownership of the subject vehicle to the VENDEE.

    To do and perform any and all lawful acts necessary for the faithful execution of the foregoing acts and deeds.

    HEREBY GIVING AND GRANTING, unto my said Attorney-in-fact full power and authority to do and
    perform all and every act and thing whatsoever requisite and necessary to be done as though I am personally present and
    hereby ratifying and confirming all that my said attorney-in-fact shall lawfully do or cause to be done by virtue of this
    presents.

    IN WITNESS WHEREOF, we have hereunto set our hands this 31st day of August 2021
    in the City of Caloocan , Philippines.

    SHERWIN A. CALIPAYAN JOHN LUIS A. SANTOS


    Sales and Inventory Staff, Floor Trading Attorney-In-Fact
    Driver’s License No. N25-15- 005841 Voter’s ID No. ___________________

    SIGNED IN THE PRESENCE OF:

    __________________________ _________________________

    ACKNOWLEDGEMENT
    REPUBLIC OF THE PHILIPPINES)
    CITY OF __________________)S.S

    BEFORE ME a Notary Public, personally appeared the parties who are known to me be the same person who
    executed this foregoing instrument and acknowledge that the same are their free act and voluntary deed.

    WITNESS MY HAND AND SEAL on the day, year, and place first above- written

    Doc No._________
    Page No.________
    Book No._________
    Series of __________

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