Real Estate Mortgage 4 of 5
DEED OF REAL ESTATE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
I, YDREL OBSIOMA, Filipino, of legal age, single, and a resident
of Gun-ob, Lapu-Lapu City, am the absolute owner of the following
described parcel of land, as evidenced by Transfer Certificate of
Title No. 12345 of the Registry of Deeds of Lapu-Lapu City:
Lot: 3425-A, Psd-04-03 1391Location: Brgy. Gun-ob, Lapu-Lapu
City, CebuBoundaries:
S., along lines 1-2-3 .Lot 3629, Cad-534-D, Lapu-Lapu
CadastreSW., along line 3-4 .Lot 3420, Cad-534-D, Lapu-Lapu
CadastreNW., along line 4-5 .Lot 5693, Cad-534-D, Lapu-Lapu
Cadastre NE., along line 5-1 .Lot 3425-B, Psd 05-041391
Beginning at a point marked 1 on the plan being S., 65 deg. 4
E., 5865.25m from BLLM No.1, Cad-534-D, City of Lapu-Lapu, Cebu,
hence;
1-2S,28deg.52 W.,285.75m2-3N.83deg.14 W.,33.63m3-4S.76 deg.38
W.,9.48m4-5N.13deg.34 E.,38.73m5-1S.30deg.08 E.,336.98m
Area: Eight Thousand Eight Hundred ( 8,800 ) Square Meters
That for and in consideration of the loan of Nine Hundred Fifty
Thousand Pesos (Php 950,000.00), Philippine Currency, extended to
me by DAN OLIVER CARREON, Filipino, of legal age, single and a
resident of Basak, Lapu-Lapu City, I the said YDREL OBSIOMA, in
order to secure payment of said loan, do hereby mortgage in favor
of DAN OLIVER CARREON the above described property together with
all its improvements therein existing, within a period of three (3)
years from the date of this document, provided that should I pay
said loan of Nine Hundred Fifty Thousand Pesos (Php 950,000.00),
Philippine Currency, together with the interest thereon at the rate
of 3 per centum (3%) per annum, within the period of three (3)
years, then this mortgage would be without effect, otherwise it
should be made enforceable and demandable, and upon default, DAN
OLIVER CARREON may immediately foreclose this mortgage, judicially
or extra-judicially, pursuant to Act No.3135, as amended.
IN WITNESS WHEREOF, we have hereunto affixed our signatures this
30th day of June 2014 in the City of Lapu-Lapu, Philippines.
YDREL OBSIOMADAN OLIVER CARREON Mortgagor Mortgagee
SIGNED IN THE PRESENCE OF:_______________________
_____________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES}CITY OF LAPU-LAPU} s.s
BEFORE ME this 30th day of June, 2014 in the City of Lapu-Lapu,
personally appeared YDREL OBSIOMA, exhibiting his Community Tax
Certificate Number 12895671 issued in Gun-ob, Lapu-Lapu City on
January 5, 2014, and DAN OLIVER CARREON exhibiting his Community
Tax Certificate No. 7891011 issued in Basak, Lapu-Lapu City on
February 3, 2014, known to me to be the same persons who executed
the foregoing Deed of Real Estate Mortgage and they acknowledged
that the same is their free and voluntary act and deed.
This document consists of three (3) pages including the page on
which this acknowledgment is written, all signed by the parties and
the instrumental witnesses on every page thereof.
Attached are the Promissory Note, evidencing the debt and the
Special Power of Attorney, in case of extra-judicial
foreclosure.
WITNESS MY HAND AND NOTARIAL SEAL.
CONCHITA R. PONotary PublicMy commission expireson December 31,
2015PTR No. 906760 issued Jan. 3, 2014IBP No. 918300 Roll No.
13466
Doc. No. ____Page No. ____Book No. ____Series of 2014
PROMISSORY NOTE
June 30,2014
P950,000Lapu-Lapu City, Cebu, Philippines
Three (3) years after date, I promise to pay, for value
received, to DAN OLIVER CARREON or order the sum of NINE HUNDRED
FIFTY (950,000) PESOS, with interest at 3 percent per annum after
maturity until paid.
YDREL OBSIOMAMaker
SPECIAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, DAN OLIVER CARREON, Filipino, of legal age, single and a
resident of Basak, Lapu-Lapu City do hereby name, constitute and
appoint NIKO YU, Filipino, of legal age, single and a resident of
Pusok, Lapu-Lapu City to be my true and lawful attorney within a
period of Three (3) years from today to perform and do the
following acts and deeds:
To sell to the highest bidder in a public auction the following
described property, in which the proceeds shall be applied to the
outstanding debt of (Php 950,000) Pesos, Philippine Currency, to
wit:
A parcel of land otherwise known as Lot 3425-A covered by TCT
No. 12345 of the Registry of Deeds of Lapu-Lapu City, situated at
Gun-ob, Lapu-Lapu City and measuring about Eight Thousand Eigth
Hundred (8,800) square meters, the exact description of which is
stated on the face of the aforesaid title.
HEREBY GIVING AND GRANTING unto my said attorney full powers and
authority to do and perform all acts and deeds requisite or
necessary to be done in order to carry into effect the foregoing
authority to sell, as fully to all intents and purposes as I may
regularly and legally do if personally present with powers of
substitution and revocation and hereby ratifying and confirming all
that my said attorney or his substitute shall lawfully do under the
premises.
IN WITNESS WHEREOF, I hereunto affix my signature this 30th day
of June 2014 in the City of Dipolog, Philippines
DAN OLIVER CARREON NIKO YU Principal Agent
Signed in the presence:
_______________________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES}CITY OF DIPOLOG......}s.s
BEFORE ME, this 30th day of June, 2014 in the City of Lapu-Lapu,
personally appeared Juan de la Cruz, exhibiting his Community Tax
Certificate No. 0123456 issued in Estaka, Dipolog City on January
8, 2010, and Pedro San Jose exhibiting his Community Tax
Certificate No. 7891011 issued in Miputak, Dipolog City on February
3, 2010, known to me to be the same persons who executed the
foregoing Special Power of Attorney and they acknowledged that the
same are their free and voluntary act and deed.
This document consists of two (2) pages including the page on
which this acknowledgment is written, all signed by the parties on
every page and also signed by their witnesses.
WITNESS MY HAND AND NOTARIAL SEAL.
JEAN J. CAETE- PANGONotary PublicMy commission expireson
December 31, 2011PTR No. 906760 issued Jan. 3, 2007IBP No. 918300
Roll No. 13466
Doc. No. ____Page No. ____Book No. ____Series of 2010
4
