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Acknowledgment to the Assignment of Receivables in favor of NHMFC

NHMFC template for contract to sell

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: REPUBLIC OF THE PHILIPPINES)
)S.S.
ACKNOWLEDGMENT TO THE ASSIGNMENT OF RECEIVABLES IN FAVOR OF NATIONAL
HOME MORTGAGE FINANCE CORPORATION (NHMFC)
I, Click here to enter text. of legal age, single/married, with residence at Click here to enter
text., under oath, hereby depose and state that:
1. I agree to the assignment/transfer by Click here to enter text. (hereinafter
"DEVELOPER"/"ORIGINATOR") of the receivables/loan under the subject Contract to Sell (CTS)
in favor of National Home Mortgage Finance Corporation (NHMFC), its assignee and
successors-in-interest;
2. I undertake to honor the assignment/transfer and to fullfil my obligations under the
CTS, NHMFC’s HLRPP Guidelines, including any and all amendatory and supplementary
circulars which may hereafter be promulgated and all documents filed in connection with the
assignment/transfer of the loan/receivables;
3. I agree to be bound by the assignment of receivables and acknowledges that the
Original Transfer Certificate of Title (TCT)/Condominium Certificate of Title (CCT) subject of the
CTS shall be delivered by the DEVELOPER/ORIGINATOR to NHMFC as security for the
amounts to be remitted by the former to the latter under the Deed of Assignment of Receivables
(DARR) executed by and between the DEVELOPER/ORIGINATOR and NHMFC, the HLRPP
Guidelines and other contracts/documents filed/submitted in relation thereto;
4. I agree that the subject Original TCT/CCT shall only be released by NHMFC upon full
payment by the DEVELOPER/ORIGINATOR/BUYER, as the case may be, of the full amount of
the receivables/loan assigned (in addition to the interest, penalties, premiums, and other
charges, if any) and receipt thereof by NHMFC, in accordance with the
contracts/documents/Guidelines mentioned under No. 3;
5. I shall be bound by the failure of the DEVELOPER/ORIGINATOR to remit in favor of
NHMFC any amount due to the latter by virtue of the contracts/documents/Guidelines
mentioned under No. 3; and,
6. To this end, I agree to perform such acts and execute such documents as may be
deemed necessary to implement such assignment/transfer.
In witness whereof I have hereunto affixed my signature this Click here to enter text. day
of Click here to enter text., 20Click here to enter text..
______________________________
(Signature over printed name)
BUYER
With my Marital Consent:
______________________________________
(Signature over printed name of spouse)
SUBSCRIBED AND SWORN to before me this ______________ day of __________________
at __________________________________, affiant exhibiting to me his/her government-issued
identification card, to wit ____________________________.

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Revised 9/26/2013
For CTS
 
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