SPECIAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
That I, _________________________ of legal age, Filipino citizen, with postal address
________________________ do hereby name, constitute, and appoint
____________________________, of legal age, Filipino citizen, residing at THE ABOVE
STATED ADDRESS, whose specimen signature appears below to be true and
lawful Attorney-in-fact, for me and in my name, place and stead, and for my own
use and benefit to do the following acts and deeds:
1.To apply for, negotiate, and obtain a loan from BANCO DE ORO UNIVERSAL
BANK (the "BANK") in the principal amount not exceeding
( ) Philippine Currency, (the "Loan") at such terms and
conditions as may be agreed with the Bank:
2. To encumber, pledge, or assign and convey by way of FIRST MORTGAGE unto
the Bank, its successors and assigns our properties whether real of personal,
more particularly the property described in Transfer Certificate of Title No.
as security for the prompt payment of the said LOAN, Including its renewals,
extensions, rescheduling, restructuring, reavailments, or amendments thereof;
3. To make, sign, execute, and deliver contracts, documents, agreements, and
other writings of whatever nature or kind, such as but not limited to Promissory
Note(s), the Deed of Real Estate Mortgage / Pledge, the Loan Agreement, and all
other documents, with any and all third persons, concerns, entities, as may be
necessary or proper in connection with the foregoing upon the terms and
conditions as my said Attorney-in Fact may, in his discretion, deem to be in my
best interest:
4. To duly receive on our behalf the proceeds of the said Loan as well as legal
notices or processes directed to me in the event of foreclosure or other
satisfaction of the suit premised on the Deed of Real Estate Mortgage/ Pledge to
be executed by my Attorney-in-Fact in favor of the Bank as security for the
aforesaid Loan:
5. To claim from the Bank, upon full payment of the credit accommodations /
facilities for which my property stands as collateral, the Owner's Duplicate Copy
of title aforementioned.
6. To do and perform any and all acts necessary for the faithful executions 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 prerequisite
and necessary to be done in and about the premises, as fully to all intents and
purposes as I might or could lawfully do if 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 these present.
“RESOLVED, That this Special Power of Attorney shall be valid and subsisting
and shall remain in full force and effect unless otherwise revoked or amended
by me in writing and duly served upon the Bank.
IN WITNESS HEREOF, we hereby affixed my signature this day
of
at
___________________________
Specimen Signature:
Principal / Grantor
_______________
Attorney-in-fact
Signed in the presence of:
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES) S.S
)
BEFORE ME, a Notary Public for and in the above jurisdiction personally
appeared:
NAME COMMUNITY TAX CERTIFICATE NO.
DATE/PLACE ISSUE
Known to me and to be known to be the same person/s who executed the
foregoing instrument and acknowledged to me that the same is their own free
and voluntary act and deed.
WITNESS MY HAND AND NOTARIAL SEAL on at
Doc. No.
Page No.
Book No.
Series of.
