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    REAL ESTATE MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    I,_______________ married to ___________, Filipino, of legal age,

    and a resident of ________________________, herein referred to as

    MORTGAGOR/S;

    The spouses____________________ and _______________________, of

    legal ages, Filipinos, married to each other and with residence and post

    office address at No. _________________________________, herein referred toas MORTGAGEE;

    WITNESSED, THAT:

    WHEREAS, theMORTGAGOR/Sis the registered owner of a

    parcel of land situated in the ________________________________, embraced

    and covered by Transfer Certificate of Title No. _____________________, andmore particularly described as follows to wit:

    TRANSFER CERTIFICATE OF

    TITLE No. ___________________

    A parcel of land (Lot 223-B, Psd-112402-033018, being a portion of

    Lot 223, Psd-64862, situated in the _____________________. Bounded on the

    NE., along line 5-6 by Lot 224, Psd-64862; on the SE., along line 6-1 by Lot

    223-A; along line 1-2 by 223-C, along line 2-3 by Lot 223-D, all of the

    subdivision plan; on the NW., along line 4-5 by lot 222; Psd-64862.

    Beginning at a point marked 1 on plan being S. 70 deg. 56E., 2, 085.63

    m. from MBM No. 8, Cad-102. Thence.

    N. 85 deg. 37 W., 23.12 m. to point 2;

    S. 79 deg. 57 W., 4.81 m. to point 3;

    N. 13 deg. 50W., 35.28 m. to point 4;

    N. 89 deg. 22W., 59.82 m. to point 5;

    S. 61 deg. 05 E., 17.71 m. to point 6;S. 55 deg. 05 W., 47.67 m. to point of beginning and

    containing an area of ONE THOUSAND NINE HUNDRED TWO (1,902)

    SQUARE METERS, more or less/. Points referred to are indicated on the

    plan and are marked on the grounds as follows: All points by P.S. Cyl.

    Conc. Mons. 15 x 40 cms. Bearings true. Date of original Survey, February

    1916- May 1920 and that of the subdivision survey. August 22, 1992,

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    executed by Geodetic Engineer Mario N. Alaba, and approved on

    September 17, 1992. ;

    WHEREAS, theMORTGAGOR/Sexpresses their intent toLEND,BORROWandMORTGAGEan amount of money and offers their parcel of

    land as a collateral thereof and that theMORTGAGEEaccepts their

    offer;

    WHEREAS, for and in consideration of a loan in the sum ofTWO

    HUNDRED THOUSAND PESOS (Php 200,000.00)Philippine currency,

    to me in hand paid by the MORTGAGEE SPOUSES ___________________

    and ___________________, do herebyCONVEY,by way of Mortgage, unto

    the said SPOUSES ___________________, their heirs and assigns, theRIGHTSover the above mentioned parcel of land, together with all the

    buildings and improvement thereon, if any, and bind themselves with

    the terms and conditions thereof in the following manner, to wit:

    1.That we,_________________shall pay or caused to be paid to

    said SPOUSES ________________, their heirs or assigns, the said

    sum ofTWO HUNDRED THOUSAND PESOS (Php

    200,000.00), with in the period of TWO (2) years commencing

    from the time of the signing, execution and notarial public of

    this Real Estate Mortgage;

    2.The said principal amount ofTWO HUNDRED THOUSAND

    PESOS(Php 200,000.00)shall accrue an interest ofTWO

    PERCENT (2%)or(Php 4,000.00 per month),payable at the

    time said obligation is due or demandable the month after the

    execution of this Real Estate Mortgage, whichever the parties

    may agree and conform thereto;

    3.TheMORTGAGOR/Sshall surrender by way of deposit, the

    Original Copy or Owners Duplicate Copy of the said parcel of

    land to theMORTGAGEEand that registration of title shall be

    claimed only after the payment and satisfaction in FULL of the

    said loan;

    4.That failure on the part of theMORTGAGOR/Sto pay the

    whole principal obligation and the corresponding interests on

    the agreed period of time shall mean that the Real EstateMortgage shall be enforceable in the manner as provided for

    under the law;

    5.That, in connection of said failure of payment, the

    MORTGAGOR/Shereby agree that theMORTGAGEEor their

    heirs and assigns, may enforce their rights herein without

    judicial proceedings by causing the above described property to

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    be sold at public auction in the City of Davao where the said

    property is situated, after giving notice of sale for 20 days

    posted in at least three public places of the said City, said sale

    to take place on a business day between 9:00 A.M. and 4:00

    P.M. at the City Hall of said City, under the direction of the

    notary public of said City, Justice or Auxillary Justice of the

    Peace of the City, or provincial sheriff. In accordance with Act

    No. 3135, as amended by Act No. 4118.

    IN WITNESS WHEREOF, I have hereto set my hand this ________

    day of ____________, 2015 in Davao City Philippines.

    \

    ____________________ ________________________ MORTGAGOR/S MORTGAGEE

    Competent Proof of Identity: Competent Proof of Identity:

    ______________________________ ______________________________

    ______________________________ ______________________________

    Signed in the presence of:

    ___________________________ __________________________

    A C K N O W L E D G M E N T

    REPUBLIC OF THE PHILIPPINES

    ________________________________) S.S.

    BEFORE ME, this ____ day of _____________, 2015 in the_______________________, personally appeared the above named persons

    exhibiting their competent proofs of identity as shown above, known to

    me to be the same person who executed the foregoing instrument, and he

    acknowledged to me that the same is free act and deed.

    This instrument consisting of two (2) pages, including the page on

    which this acknowledgement is written, has been signed on the left

    margin of each and every page thereof by the parties and their witnesses,

    and sealed with my notarial seal.

    IN WITNESS WHEREOF, I have hereunto set my hand, the day,

    year, and place above written.

    Doc. No. _____;

    Page No._____;

    Book No._____;

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    Series of 2015.