CONTRACT OF LOAN WITH REAL ESTATE MORTGAGE
This
AGREEMENT entered by and between:
BANK OF THE
PHILIPPINE ISLANDS,
a corporation organized and existing under the laws of the Philippines, with
principal place of business at 1212 Paseo de Roxas Avenue, Makati City, (hereinafter
referred to as the "CREDITOR-MORTGAGEE");
and
MICHELLE A. VALE
CRUZ,
of legal age, Filipino, with residence at Unit 1717, Jazz Residences, Makati
City(hereinafter referred to as the "DEBTOR-MORTGAGOR").
WITNESSETH; That
-
WHEREAS,
the CREDITOR-MORTGAGOR is a banking and financial institution which regularly
grants loan applications from its valued clients;
WHEREAS,
the DEBTOR-MORTAGOR is one of the successful grantees of the said loan
application;
WHEREAS,
the CREDITOR-MORTGAGOR had extended a loan to the DEBTOR in the amount of FOUR
HUNDRED THOUSAND PESOS (P400,000.00) “LOAN” the full amount of which is
acknowledged to have been received by the DEBTOR-MORTGAGOR.
WHEREAS,
pursuant to the receipt of the said LOAN, the DEBTOR-MORTGAGOR promises to pay
the LOAN to the CREDITOR in monthly installments, in the amount of P35,333.33
starting on May 27, 2016 until May 27, 2017 and failure to make good any
installment shall render the entire obligation due and demandable;
WHEREAS,
in addition to the DEBTOR-MORTGAGOR’s promise to pay, the former has also
agreed to secure the payment of the LOAN;
NOW,
THEREFORE, for and in consideration of the foregoing premises and as security
for payment of the aforesaid obligation, the MORTGAGOR has transferred and conveyed,
and by these presents transfer and convey by way of MORTGAGE, unto the MORTGAGEE,
his/her heirs, successors or assigns the aforesaid parcel of land situated at
San Antonio, Cavite City, and more particularly described as follows:
TRANSFER
CERTIFICATE OF TITLE NO. 123456
Registry of
Deeds for Cavite
Lot
20 Blk 54 of consolidation subdivision plan (LRC) Pcs-13265, being a portion of
the consolidation of Lots 4751-A and 4751-B (LRC) Psd-50533, Lot 3, Psd-100703, Lot 1, Psd-150980, LRC
Rec. Nos. Nos. N-27024, 51768, 89632, N-11782, N-13466, and 21071 located at
187 Del Rosario St., San Antonio, Cavite City.
IN
WITNESS WHEREOF, the parties hereto have caused these presents to be executed
on the date and at the place first above set forth.
By:
________________ ___________________
Petra
Mahalimuyak Michelle
A. Vale Cruz
President,
Bank of the Philippine Islands
IN
THE PRESENCE OF:
_________________ _________________
Carlos
Celdran Rodrigo
Duterte
AFFIDAVIT OF
GOOD FAITH
We
severally swear that the foregoing Mortgage is made for the purpose of securing
the LOAN specified and defined in this instrument and for no other purpose;
that the LOAN is a just and valid obligation; and that this Mortgage is not
entered into for the purpose of fraud.
BANK OF METRO
MANILA MICHELLE
A. VALE CRUZ
(Creditor-Mortgagee) (Debtor-Mortgagor)
ACKNOWLEDGMENT
AND CERTIFICATE OF OATH
REPUBLIC OF THE
PHILIPPINES )
BEFORE ME, this 27th day of April, 2016
in the City of Manila, personally appeared:
Name Competent Evidence of
Identity Place and
Date
of Issue
Michelle A Vale
Cruz Philippine Passport
Manila,
11/2011
Petra
Mahalimuyak Philippine Passport Manila,
11/2014
Carlos Celdran Driver’s License
Manila,
09/2015
Rodrigo Duterte Driver’s License Antipolo,
09/2013
known to me be
the same person who executed the foregoing instrument, and acknowledged that
the same are their free act and deed.
IN WITNESS
WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date
and place above written.
Doc.
No.___________; Carl
Fredson Au
Page
No.___________; NOTARY PUBLIC for Manila
Book
No.__________; Commission
Serial No.______
Series of 2016. Until
December 31, 2016
Roll of Attorney_______
IBP
No.________
PTR No._______
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