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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.

Documents

REM _ Sample