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Sample Spec, Power of Atty

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Page 1: Sample Spec, Power of Atty

7/31/2019 Sample Spec, Power of Atty.

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SPECIAL POWER OF ATTORNEY 

KNOW ALL MEN BY THESE PRESENTS:

I, X of legal age, Filipino, married and with residence address at No. 47 A. Bonifacio St., San Juan City do hereby name, constitute and appoint my daughter Y of legal age and withresidence and postal address at No. 47 A. Bonifacio St., San Juan City (whose signature

appears below and which signature I now hereby attest to be true, genuine andauthentic), to be my true and lawful Attorney-in-Fact, for me and in my name, place andstead, to do and perform the following:

1.  To negotiate with, and obtain a loan from the Z BANK (the "BANK ") in the principal amountof not exceeding to PESOS : SEVEN MILLION ONE HUNDRED ONE THOUSAND PESOSONLY (P 7,100,000.00 ), Philippine Currency, (the “LOAN”) subject to such interest rateand other terms and conditions which my Attorney-In-Fact and BANK may agree upon;

2.  To act as my resident process agent in the Philippines to receive any and all demand letters,summons and other legal processes in the event the LOAN becomes past due, includingnotices of any judicial and/or extra judicial action as well as any and all correspondencerelative to the LOAN.

3. To do any and all acts, and to sign, execute and deliver to the BANK , any otheragreements, documents, necessary to implement the foregoing authority to secure theLOAN, including renewals, amendments, extensions, and re-availments thereof; and

5. To receive all documents pertaining to the LOAN, including the Release of Mortgage/Cancellation of Mortgagee’s Lien annotated in the title upon full payment of theLOAN.

I hereby authorized the BANK to act upon this SPECIAL POWER OF ATTORNEY until written notice of revocation is given to the BANK .

 ____________________________________ ________________________________   X  Y  

Principal (Co-Borrower) Attorney-In-Fact 

Signed in the presence of:

 _________________________________ __________________________________ 

HEREBY GIVING AND GRANTING unto the said Attorney-in-Fact full powers and authority todo and perform all and every act required or necessary to carry into effect the foregoing SpecialPower of Attorney, as Fully to all intents and purposes as I might or could lawfully do if personallypresent, with the full power of substitution, and hereby ratifying and confirming all that my saidAttorney-in-fact or his/her substitute shall lawfully do or cause to be done by virtue hereof.

IN WITNESS WHEREOF, I have hereto set my hand this _____ day of ______ 2012 at ________________, Philippines.

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES ) ____________________________ ) S.S.

BEFORE ME, a Notary Public for and in the City of ____________ personally appeared:

NAME Competent ID PLACE / DATE

ANDRY JOAN D. DOMINGO Passport ID No. XX36967100 05.11.2014 Exp.MARIE JOY D. DOMINGO Passport ID No. EB3262970 08.03.2016 Exp.

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7/31/2019 Sample Spec, Power of Atty.

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Known to me to be the same persons who executed the foregoing Special Power of Attorneyconsisting of one (1) page, including this page on which this acknowledgement is written, theyacknowledge to me that the same is their free and voluntary act.

WITNESS MY HAND AND SEAL on the date and at the place first above written.Doc. No. _____;Page No. _____;Book No. _____;Series of 2012.