MAKATI CITY) S.S. AFFIDAVIT OF CONFORMITY I/We,_____________________, of legal age, Filipino, and presently residing at _________________________, after being duly sworn to in accordance with law, hereby depose and say, that: I/We am/are the owner/s of that certain property covered by TCT No.___________, of the land records of______________, together with the improvements thereon (the Mortgaged Property); I/We hereby give my/our consent to mortgage the abovementioned property in favor of the _____________(BANK)_____________ as security for the loan of ________ (the Borrower), who is my/our (state degree of ascendancy or descendancy, ex., father, mother, brother, sister son, daughter, which should be limited to second degree of blood relationship); I/We has/have read all the provisions of the Third Party Mortgage, the Loan Agreement and the Promissory Note/s executed by the Borrower and understood the consequences of my/our giving conformity to the mortgage and agree to be bound by the provisions thereof; The lien constituted on the Mortgage Property by virtue of my/our having constituted a mortgage therein extends to any rollover, renewal, restructuring, etc., provided, however, that our prior written consent or conformity to any subsequent transaction by the Borrower is first obtained; I/We will not benefit, directly or indirectly from the proceeds of the loan; In the event of foreclosure, I/We hereby recognize the validity of the foreclosure and waive any and all claims or causes of action arising from the exercise made by the ___________(BANK)_________ of its right under the terms of the Mortgage Contract/Term Loan Agreement and the covering Promissory Note/s. This Affidavit is being executed to attest to the foregoing facts and in compliance with the requirements prescribed by the ____(BANK)_________. IN WITNESS WHEREOF, I/we has/have hereunto set our hand this____ day of______, at________, Philippines. Affiant/s SUBSCRIBED AND SWORN TO before me this day of ___________ at____ , Affiant exhibited to me their Comm. Tax Cert. No._________issued at_____on__________. Notary Public Until December 31, 2006 Doc. No._____ Page No._____ Book No._____ Series of 200__.
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Law School Survival Guide (Volume I of II) - Outlines and Case Summaries for Torts, Civil Procedure, Property, Contracts & Sales: Law School Survival Guides