Sample Deed of Acknowledgment of Debt

 DEED OF ACKNOWLEDGMENT OF DEBT

KNOW ALL MEN BY THESE PRESENTS:

      I, _____________, of legal age, Filipino, (single / married / widow), and a resident of  _____________, after being duly sworn to in accordance with law, witnesseth and declare:

      That I am indebted in the sum of _____________ (P_____________), Philippine Currency, to _____________, who is also of legal age, (single / married / widow), and a resident of _____________.

      That I hereby promise and undertake to pay the said indebtedness unto the said _____________ within a period of _____________ (_____) (months/years/days) from today, in the amount of _____________ (P_____________) (monthly/daily) every _____________ with interest at the rate of _____________ (_____%) per centum per (month/annum) until fully paid.

      IN WITNESS WHEREOF, I have hereunto set my hand this _____________ in _____________, Philippines.

_____________

Affiant

Signed in the presence of:

MARIA MAKILING                     JUAN TAMAD

   

ACKNOWLEDGMENT

Republic of the Philippines)
City of Makati                  ) S.S.

BEFORE ME, a Notary Public, for and in the City of Makati, this 7th day of January 2014 personally appeared:

                         Name                       Identification Card        Issued On/At

             JUAN DELA CRUZ                    SSS I.D. No. 123         1-1-11/Makati
             MARIA MAKILING                    SSS I.D. No. 444          4-1-11/Makati 
             JUAN TAMAD                           SSS I.D. No. 555          5-1-11/Makati

   all known to me to be the same persons who executed the foregoing instrument and hereby acknowledged to me that the same is their free and voluntary act and deed.
      

               WITNESS MY HAND AND NOTARIAL SEAL.

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Page No. ____
Book No. ____
Series of 2014.