[go: up one dir, main page]
Scribd
Upload
180 views2 pages

Real Estate Mortgage Know All Men by These Presents

This document is a real estate mortgage between Jovito T. Aggueban as the mortgagor and an unnamed individual as the mortgagee. The mortgagor receives a loan of PHP 125,000 and mortgages the property described as Lot 19332-D in Bulanao Norte, Tabuk City, Kalinga as collateral. The mortgage outlines terms including a monthly interest rate on the principal, prohibiting sale or encumbrance of the property without consent, and allowing foreclosure if payments are defaulted. It also appoints the mortgagee power of attorney to repossess and sell the property through public auction if foreclosure is pursued.

Uploaded by

Katrine Manao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
180 views2 pages

Real Estate Mortgage Know All Men by These Presents

This document is a real estate mortgage between Jovito T. Aggueban as the mortgagor and an unnamed individual as the mortgagee. The mortgagor receives a loan of PHP 125,000 and mortgages the property described as Lot 19332-D in Bulanao Norte, Tabuk City, Kalinga as collateral. The mortgage outlines terms including a monthly interest rate on the principal, prohibiting sale or encumbrance of the property without consent, and allowing foreclosure if payments are defaulted. It also appoints the mortgagee power of attorney to repossess and sell the property through public auction if foreclosure is pursued.

Uploaded by

Katrine Manao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

I, JOVITO T. AGGUEBAN, single, of legal age, with resident address


at Purok 3, Bulanao, Tabuk City, Kalinga as Mortgagor, for and in
consideration of a loan in the sum of, Philippine Currency, One
Hundred Twenty Five Thousand Pesos (Php. 125,000.00), to me, in
hand paid by ________________________, married to
______________________, Filipino, of legal age, with address at Purok 3,
Bulanao, Tabuk City, Kalinga, as Mortgagee, do hereby, or assigns,
that certain parcel of land together with all improvements thereon,
more particularly described as follows:

“A parcel of land with LOT NO. 19332-D, CSD-CAR-003418-D


being a portion of LOT NO. 19332, Pls-93, situated at Barangay
Bulanao Norte, City of Tabuk, Province of Kalinga covered under OCT
No. 020-2019000049 and registered under the name of the herein
Mortgagor, JOVITO T. AGGUEBAN.”

That this mortgage is so constituted subject to the following terms and


conditions to wit:

1. That the principal obligation of One Hundred Twenty Five


Thousand Pesos (Php. 125,000.00) shall be due and
payable within from the date the said obligation was released
and to bear interest at the rate of ______ per month;

2. That during the lifetime of the mortgage, the mortgagor shall


not alienate, sell or in any manner dispose of or encumber
the above-mentioned property without the written consent of
the mortgagee;

3. That any default on the part of the mortgagor to pay any of


the obligation stipulated herein above shall constitute
sufficient cause for the mortgagee to foreclose this mortgage;

4. That in case of foreclosure, the mortgagee may elect to


proceed judicially, or extra judicially under Act No. 3135
against mortgagor. In that latter event, the mortgagor hereby
appoints the mortgagee as her Attorney-in-fact who shall
take over the immediate possession of the property and sell
the same at the public auction in accordance with the law, to
sign all documents and perform any act requisite and
necessary to accomplish said purpose. It being understood
that in whichever event, the mortgagee shall be entitled to
collect attorney’s fees and other legal expenses aside from
liquidated damages in an amount equivalent to not less than
____________ of the obligation of the mortgagor then
subsisting provided; however, that in any case of litigation
from the violation of contract, the mortgagor submits to the
jurisdiction of the Court in the trial of the case against her;

That I hereby declare under oath that the land herein mortgage is not
leased nor tenanted.

JOVITO T AGGUEBAN
Mortgagor

________________________ ______________________
Mortgagee SPOUSE

Witnesses:
______________________________
______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)


Province of Kalinga )S.S
City of Tabuk )

BEFORE ME, __________________ at Bulanao, Tabuk City, Kalinga,


Philippines. Personally appeared the parties as well as the witnesses
enumerated below, known to me be the same person who executed
the forgoing instrument and acknowledged that the same is their free
and voluntary deed.

Doc. No.____;
Page No.____;
Book No. ____;
Series of 20___.

You might also like