CONTRACT OF LOAN

KNOWN ALL MEN BY THESE PRESENTS:

This Deed is made and executed by and between:
_________________________________, Filipino, of legal age, and a resident of
________________________________________________________, hereinafter referred to
as CREDITOR, and;
_________________________________, Filipino, of legal age, and a resident of
________________________________________________________, hereinafter referred to
as DEBTOR;
WITNESSETH
That the DEBTOR is desirous of borrowing the amount of ________________________
PESOS, Philippine Currency while the CREDITOR is willing and able to lend the said amount,
subject to the following terms and conditions:
1. That the CREDITOR shall convey the amount of ____________________________
PESOS to the DEBTOR upon execution of this Contract;
2. That the DEBTOR shall pay the CREDITOR the aforementioned amount loaned on
or before ___________________________;
3. That in case of failure on the part of the DEBTOR to pay the amount loaned in full at
its aforementioned maturity date, then the CREDITOR shall charge a penalty
amounting to a compounded ____________ percent interest per month of the total
amount due until full payment thereof;
4. That in case the court intervention should become necessary and inevitable, the
DEBTOR shall be liable for the court and litigation expenses and attorney’s fee
amounting to ____________ percent of the total amount due and demandable;
5. That the parties herein hereby commit to fully observe the terms and conditions as
embodied in this contract and are fully aware that any violation of the same shall
expose such erring party to the corresponding, criminal, civil and/or administrative
liabilities.
IN WITNESS WHEREOF, the parties have hereunto set their hands this ________ day
of __________________, 20____ in ____________________, Philippines.

______________________________ _____________________________
Creditor Debtor

Signed in the presence of:

1. __________________________ 2. ___________________________

SUBRSCRIBED AND SWORN to me, in the municipality of ______________, this

________ day of _________________, 20____.

Doc. No. ___________;

Page No. ___________;
Book No. ___________;
Series of 20 ___________.