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WHEREAS, the ASSIGNOR has been granted certain loan/s, cash advance/s
and other credit accommodation/s by the ASSIGNEF and shall be granted
additional and other loan/s, cash advance/s and other credit accommodation/s
by the ASSIGNEE in the future;
1. That the said ASSIGNOR shall remain liable for any outstanding balance
of the aforementioned obligations, existing and those he/she may hereafter be
granted, if the ASSIGNEE is unable to actually receive the assigned salaries/sum/s
for any other cause whatsoever;
2. That ln case ASSIGNEE fails to received his/her salary by reason of
dismissal, administrative charge, suspension or any other cause resulting in the
withholding or forfeiture of salary/benefits, then the ASSTGNEE reserves the right
to collect from Assignor, real property/ies, all sum/s or money or cash deposits in
any other Bank/office to pay the unpaid balance, interests plus the expenses
incurred In the enforcement of such obligation/s;
IN WITNESS WHEREOF, the parties have hereunto set their hands on this
_______________ at Digos City, Davao del Sur, Philippines.
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in the Province of Davao del Sur, this
__________________, personally appeared the above-named heirs, exhibiting their
respective Valid ID’s as competent proof of identify as indicated above, all known
to me and to me known to be the same persons who executed the foregoing
instrument which deed consisting of Two (2) page including this and
acknowledged to me that the same are their free acts and voluntary deed.
WITNESS my hand and notarial seal on the date and place ut supra.