This document is a special power of attorney that appoints an attorney-in-fact to act on behalf of the grantor for matters related to a mortgaged vehicle. It authorizes the attorney-in-fact to negotiate and receive documents, negotiate payment or restructuring of the auto loan from the mortgage bank, and sign any documents needed to carry out the sale, hypothecation, or liquidation of the vehicle. The grantor gives full power and authority to the attorney-in-fact to perform these acts as if the grantor had performed them directly.
Special Power of Attorney for Vehicle Loan Settlement
1. SPECIAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS
I, __________________________________, of legal age, Filipino, with postal
address at ________________________________________________________,
Philippines, do hereby APPOINT, NAME, and CONSTITUTE,
___________________________________ of legal age, and a resident of
_____________________________________________________, to be my true
and lawful attorney-in-fact, to act for and in my name, place and stead and to do or
perform the following acts, things and deeds:
1. To inquire, And to negotiate and or receive documents in my behalf and in
my name, and to negotiate the payment of my mortgaged vehicle from its mortgage
bank (___________________________________________________) with which I
may have to claim the original O.R.C.R. after the car loan payment had been settled.
Make : ____________________________
Type : ____________________________
Year : ____________________________
Model : ____________________________
Serial No. : ____________________________
Motor No. : ____________________________
Plate No. : ____________________________
File No. : ____________________________
C.R, No. : ____________________________
Body Color. : ____________________________
2. To sign for in my behalf and in my name and to perform negotiations with
___________________________________________________, the payment /
and or restructuring of my auto loan from the said mortgagee bank and to do and
perform any, and all things related to the said mortgaged vehicle.
3. To make, execute, sign, and deliver any writing, instrument or documents
necessary to carry into effect the above purpose or purposes, to sell hypothecate
encumber or to liquidate the said vehicle.
4. To obtain copies of documents and deliver the same when required by the
prospective institution or person, amidst a benefit claim or collection.
HEREBY giving and granting unto my attorney-in-fact / representative full
power and authority to execute and perform every act necessary to render effective
the power to negotiate sell and hypothecate the aforementioned
vehicle_____________________________________________________________,
as though I myself, have so performed it, and hereby approving all that he may do by
virtue hereof.
2. IN WITNESS WHEREOF, I hereto have set my hand this ___ day of
___________, 2017 in ___________________ City
__________________________ __________________________
(Attorney-in-Fact) (Grantor)
SIGNED IN THE PRESENCE OF:
WITNESSES;
____________________________ and ______________________________
REPUBLIC OF THE PHILIPPINES)
______________________________) S.S.
Province of ____________________
BEFORE ME, a notary public for and in the province of
_____________________________, personally came and appeared
_________________________________________________,
(GRANTOR) with Community Tax Certificate No. ___________ issued on
_____________ at __________________________________________________,
known to me and to me known to be the same person who executed the foregoing
instrument and who acknowledged to me that the same is his free and voluntary act
and deed.
WITNESS MY HAND AND NOTARIAL SEAL, on this _____ day of _________ 2017,
at ___________ City.
Doc. No.
Book. No.
Page No.
Series of 2017