SOP Exhibits
Title
:
Exhibit 5 - SVLF Deed of Undertaking
SOP Number :
HR-PB29
EXHIBIT 5
DEED OF UNDERTAKING
KNOW ALL MEN BY THESE PRESENTS:
I,
(name) ,
(position)
of
(department/office) ,
in consideration of the VEHICLE LOAN extended to me by NATIONAL FOOD AUTHORITY do hereby depose and say:
1. That in case I become separated from NFA service in any manner (retirement, resignation, transfer,etc.) prior to full payment of the loan, I shall pay in cash the remaining balance of the loan before I can be issued a clearance.
2. That in case I cannot pay the remaining balance in cash prior to issuance of my clearance, I hereby authorize NFA to deduct from any claims that I may have the remaining balance of the vehicle loan.
3. That in case I am not entitled to any claim or separation benefits for any reason, an cannot pay my outstanding balance in full upon my separation, I bind myself to a possible foreclosure and legal procedures the NFA may undertake against me.
4. That I shall myself to this Deed of Undertaking in addition to the Contract of Loan and the Chattel Mortgage Contract on the vehicle in favor of NFA.
IN WITNESS HEREOF, I have hereunder set my hands this ________ day of _________, 19_____, at ______________________.
_______________________
Borrower
SIGNED IN THE PRESENCE OF:
_______________________________ _______________________
A C K N O W L E D G E M E N T
REPUBLIC OF THE PHILIPPINES
)
___________________________)
S.S.
BEFORE ME, this ____ day of _______________, 19____, appeared MR./MS. ___________________________, with Residence Certificate No. ______________ issued at _____________________ on ________________, 19___, known to me to be the same person who executed this he/she has acknowledged the same to be his/her free and voluntary act and deed.
__________________________
Notary Public
Doc. No. ____________________ Until December 31, 19___
Page No. ___________________ PTR-E _______________
Book No. ___________________ Issued at _____________
Series of ___________________ On ________________