REQUMTORY FRcMEwORK FOR BU6INE69 YRANSACYtOK8

Direction: Reaa ma ‹iect the brst anawer for the following queetiona.

b. Thst tic pTedgur or as ngagor A be absolute wm oftbc thing pIaI$ed or ^ C•

*bsence ihrmof. tlui ihuys kgnlly nuthoriz;xI f.» the puipos*.

d. 1¥o mtce th prinritu: obliyiion &oowi dM, the dtin@ in thick the pledgr m o gagr m W
be alicnaccd for Ihc paymmt oFtbc cmdkor.
Ttu‹i iingp,dg*do,mongmg*d tmpNmoAioNwgw wmiono€t#*‹meâ%,o*o£s b

2. The following in the tir.de of principal until dvrely b* cured my s contracts of pledse. of •i

R NuTmndvoiddNigmhooc

b. or the iira• the cor.tiaci ot piedg* or morig*ge is cou*titul»d.

c. Ai the rime vi'th* IYlw: to pip tiir pru<ipnI obligation.
4 xt the iiim the ring to b* pick o rr«vtg*gad is io be aeli*e**d.

t Motrr*vs:Sm:u:trtñeowumoFth mangmgtdUr1.
tr Ye pnUdkGybWtii wtnbn0tc2.

5. D borrowed i•20,0;;0 finn. C. T: Accum th fulfil1r•nt of nd !mo, D moJged 0 lend owned by his citing &t *r.
¥&tab of die lollo» int vts1‹ .»Gs is corner?
z. Tbr conmci of z.cngag- i.i vaLd R:w•c iuture jx» may be pledged or mortge@d.
b. The *ones:I vf.car: is full and s-uid bu*uw the Donna:t of mon gt ie iiuil *md void.

4. Tbe c«nocct uF c›ur‹tsye is nail «to void bocaua ihe ncugago eust be tla owa<r of the gr‹gnrty
mortgaged M & time i• is consziazed but the contract ofToan rzmaJns la be vdxt

6. ABC far. borrowed P2.0G0,000 irruo 6P1. ABC, Inc. is unJ*r teceiv*rsi ip. To secure tLc Nut of the tone,

c. Ttrconuaczofvmngmg*i,nrU!ssdx dt›m:*rs$i mungogu*hsttofnr‹tqmsmtofth#tlhog

st the i'ine the moy,a3e i• r ,i,sliniied.

c. The tonmct of mongnye is oiili and void R oaly natural t›*rsom anyscntnt s coeauct of

T. Oimi ion ’hcr%y fi:th1agpldg‹'dw*,ongmgwdillautc,n. lytw•:omeMw ofttmo*dâ‹w

io#wev*ntofo'*-pm)iutotbd*Wmi:hini•t*»flxm.
m. PmcNmcmditiñ n
b. Pmtomcnmoi n«umi
c. Pmnmdrbitañur
‹L Pimumcmm^toñum
 H°*• * ! >• pledged way oppropnztt the lqnop upm failure of the debtor-pi*dgor to pay di* torn
• '•• - 'r°fñt io• , n n›i•a to i•r a in »f m rouo i wriwtt
s C beceme* the owner of the *pop
b. The I*Piop c*nnoi b• lieiii•d for the part oft£e k a.
*- C &s not become the auioautic owaet of the laptop upon D’s failure to jmy die locu &

*• D borrowed 710,000 6o‹o C. To m«rs tie Mfillmea ofdn Ian, D pIed8*d bis lapiog. On tto dat• aha ñg'
of tic loen, D ftiled to key tgc As s leads D aod C a$ma/ tic tge pledged kgtop skall be owned by C la
!! saisf•ction of the s•cwed cootiact of In ¥/¥icb otda followia$ slaumcao is e+rrect?

tr Thel#QopcmnoilwkicmModfo,thoy*yew#ofthwkmo.

subsequent *greemeai is considered j›*ctuei couunismriurn whicfi is council to law *nd poblic policy.
d. Tb*é sube*quent psi for bie p•ymeai of the key shit be Governed by kw on obfi@tion
& is a novation.

c lFi¥'s pledgor or aiort$agor £cil¥ to shrill oajaia acditiw azxl sub tion aidaage zbg debt du*
aod d<mandd›le.
b. If the debtor has loa th right to auke use of tla puiod a sdars tbee is m loatia ctaue ia the

•. Ii is divisibl* if a* ‹i concoct iipat

b. It is iodivisibir if tbr priacip*l coetr*ct is mIid*ry.
c. it is divisible wlxthcr the grincipd con#a•t isjoim or solidity.

It. D borrowed P10,000 from C end pledged his ting nd which widi P4,@0 and Pñ,000 v*lm p ti*eir- Atm
ovcml dms. D pcyi P4,000 to C. hich oftte following lb i* correct?
« The connect of pledge is extinguished.
c. D cu›no dcmtnd W mls of his ring t<ccuse a contract oops is Mivi*ble.
d. D may oozapsl C to zeazm 0›s ring baause P4,W o£tbe IoM is alzssdy p id•

13. D bom»•=d from C PlOtLiXiO muted by mortgage on D’s tuo lois Oin 1 *md lot 2). D dia ie*vin$ E *ml F -
bc«s vtb E hating lot I mad F lot 2 F sys P50,000 of’tâe loao Wh ch oftbe followog sataaaats s eorzect?
c F any aA for tbe cxtiapubm it ortbc mort$z$s oo lot 2.
b. Tbc coaNct of mortgage is extIaguisI›e‹L
c. Tbe contact of loan is cxñn$vishot
& F c•«no ask For tbs waio$«iskroon ohm eu›rtgags oo lot 2.

It. Uriay th* same date io precetin$ aumber, cuppas it is C wbo dies Imviag X soul Y as bairn II D pay's X
PS0,000, winch oFtbc following m‹m›*ms is *erte<t'7

15. D Renewed PI0,0Xi from C *»d pledged iris iioJ *ord watch with P4,000 *md P6,000 valve ruq›ecti*ely. Tbey
agreed thnt the ring will more P4,@0 of the loen *nd the watch Lili stove th b*1*ncc of the kms. An*r feral
days, D p*ys P4.000 to C. ¥/hich of the following W«t*n•iio is mrreel?
z The contt*ct of pledgr on be w»tct ii earthed.
b. T£c cooo»ci of loan is fully extia$uish•d.
t. D caonoi demand the release of his ring b*c*um s contr*ci of pledge is indivisible.
d. D any cospel C to return the nag I›;nuse contract of pkdge on the ring is extiogui&nd.

Page 2 of 20
b. The obligsti0n ofB is extinguished.
c A ••••ot Amsed the mI<asc of his cellphone e coa#aa ofj eigs is iadivisi
d. Th• co•mo ofpludgc on tic kgtog is cztiaguished.

a. Centri of Piedpe
b. Com of Cfinnel morid*ge
c. Corivaci ct Reel esat* n*orig*go
d. Cone*ci *f nntichresis

h. Ter ca«se oi *onsiderstim oF eye /›rincipsI obli aiioe er coaasci cf loui.

b.
c Un:leiairl - ii cr: es rim ob!iiis'Jon sn its paw af the cr*diier to mama the tLing uj›on the cmiv •i

b. li ie pertciud ttiou§i d'e nottrintion cf m pimiw.

c. li i› perfected b•' mere consent ar.d gives rim only rz s perrenci ziqion , & con6•ctigg
d. It gives rim u r mcl acr.on river the thing pl*4;:o4.

c. I‹ ct»aes no cal rigln in thc ¿›a{›m¿ ha emy c ri8•t e campe' u‘.r fulfillment of0ie gtozaiu but theo is
no coaoact ufplsdye or canny •›I'‹aonga$c ycc
d. the ;›romis will &• crim.naIIy !iab!e if i+s nichgsgca or pIedps u usencumbasd t¥ioge why la
21 nMumofmmnmmmMpMdge7

e. Ali movable
6. Pwson•l progeny su*e.eptiGIe of.pos*osrim.
. . . .
o*rehoux rec*ipu *nd simil*rdocumenu.

29. Tbs contact of pledge cMIt cover & following wze@

b. The 6uits, income, dividends of inteiecis inned u produced by the tbiag pledged. u kss Is
stipulation excluding them.

30. The following am tht tights of the ‹ieblor-pledged, ezeepl

e. To dienate. wiih tbe at oFthe pkdge<, the tlñ ag pledged.
b To contw•e to be the o•nur of II+s d«ng pledged unless n uexgtopnaed
c 7o b•comc the owner oF the oRsprin of tbc animgT pl6ged iI‘these is zro OpaIa6oo to tbs m z'az btzt
such offspring stall be subject to the pledge.

e. To cstt thnt the thing pledged be judicially of exnm-judicially d plaited if it is used widiout authority w
for z purposes other than for ie pmserv»tion.
I To mquire thnt the rhino be ‹l*j›osii*d with a third F it is fi d*ng*r of lost or &t'•ir•d
duough the negligence or willful ci of the pledged.
g To demand th* r*iuni of the tfiin$ pledged, upen offering another tfiing in pledge. provi‹f*d tfie latter is of
the same icind end quality, if there are reasonable grounds to fe*r the destruction or iict•irm•ni of th
drink pledged without the fnuh of tfie pledged. This ri@t is wither prejudice to tbt right of tlu plc to

h. To dcmud th* i rum of tae thiag pIed@ despite defaulting of tlr* psy mi of the Prii'cif'c1

31.in case tfre thing dredged is *iimat*d by the debior-pI*dgot to third p*rwn, what is the edict of tbs consent of the
pled m tire alienation re*de by the pledged of tlit tiring pledged o tiiira p*non7

32. What is th* r•ui*dy of tL* pi&gor-det*or if ih• pl•dge*›<re4itor es* th* thing p1*dg t. mtaom &« amdfiority

i To *sk iiut it be judi*i*lly or extia•judici*lly deposited.

b. To *s¥ for the fetufD of the thing pkdgcd.
c. To *s£ for the extinguishment of the mtract of pledge.
d. To 4r£ for the extinguistiment of the exact of loan.

BPBT8OO8
 *. To *sk for the cntinguisfimcoi of tht cmo*ci of pledgr.
d To i& tot die exiinguishmeni of tbr coalof m.

8*• What is III mmdy oFthe pTedgor•owno if am re«a›aabIe gzouads tn Fear the dsazuctioa or uapurtiKat 4f
th *fling plcJgeJ. without Ihc fnvli of Pte plcugec7
e. To ask Fx th* rclum of the th›ng, rpm oPeri»g iEiag in gledgc, provided da latter is ofth• s•m*
kina.u ite Farmer tna noi of inferior qudity but wbjw la the right o£d›c plAdgm to sell the Mid pledged
iiem iii public auction.
b. To r quim that ii 1›r deposited with a third plea.
c. To st for the extinpuishment o*tic crntr*ct of phd5e.
d. To celt for the extinguiArncnt of tire cmtr*ct of loan.

is. iron w n»si‹ wa a re in « pir*mt ore aim pm win o• a•i •rm

a. The pIedgu‹•o•mer may ask {oz ‹cr ‹ cf tM doing clog ogering thing m pied provided
th* IeW+r is of ihe same kind ts kie Fomw aod uot of in£crio q•dcy eves it is dmady sokl ie Wb!'*
auction fry ldc pIcdgcc•credit

auction slull be a scurity £w tbe igal obli$uioc in th same ma»uet as th* thing originally pIed8ed-
Hanover, be plc2g•< is bond t« a•e ‹h< y!cd , •ithut deIax. «r»ny danger t• c• tbing pledged-

36. Tbs following azc W obli tions u€tbe & toz•p at, esceyt
a. No pay thr drai and io intotsL with expenses, in e property wheo they are due.
b. To pay' damcrcs tIu. 4.e pledged ma} she.• by rsasoo oftbc Mws of the tfiiag pbdged, idbs was awar•
oFsuch fIe\vs but he d:d not @\’iss tbe pledge oFtbe same.
e. No pa*’ £‹›r the e.spensc• \vfiich ate na•y' for the pzeswzasioo oFtbe thiog pledged.

37.The tcllcwing src tfie ri5hs of the cmd'ior-pledged. excrpt

a. Tv’ rain in iris posseuion the thing pledged unfit thc debt i$ jaid.
b. 'fo dcmc4 air.\›u•semcot ot”t\'.e <›inscs made lot the pre atioa ‹›fthe thin8 glotgel.
c. To bring acIic\ts whicn eusiu tn the or <fi" 4a find wedged in order to over it born, a defy zt
against d Id gran.
d.

c. To case th* ale of tie tb£ag pledged at s public saic, if there is a d4ngcr of destruction, impairment or
dmi•u:i»noCv*ueoCd*GWngp!kgmd wi'Nnwdii hulKTh pNdgoiitbouodtosd ñwdspbdgé.
withoui d*lay, or en;. d*r•ger in thr thing pledged.
f. To collut and zccrive the c•cownt dcc if &e 1\ g pIed$’ed is s wbicb becozaes dv bedâ *
m•é, v•‹t tu epgiy fie same to the pajmmt othis claim.
If the ylulye cue or gro‹luccs 6aio, income, divid«mIs, or iotarssts, tic weditor sbatl compsasats wbat
be rai\os with thuse \sbich are oui•6 nim; but .I note arc owing h@ or iomfsr as tbs tmovat a›ay
«xc4a tl \ which is due, bu sluii apply it the igol. pinIcss it.ers is a copuluioo la the coaeary, tia
!’
k To seli the t*.ing pledged i'jx›o detach o* the dc*tor
i. To opprcptizte flue thing 3iedged in casr the think pkdged ii nor sold in fast and second public sections.
j. To Role th automatic owner Or* tLing pledged apea fix default of debtor to pcy the principui

3fl. The following cv tfre oI'1iyticns *f*=dil•x• Ied5ec. efitept

a. Tc take care c•'thv :liing pkdp‹x• with the dilit,•ciix off 5ued fcther of a family.
b. Te be liable t.•: the :or ur determ,' tier of th thint; pltdt;*d umcss ii is due to z fonuiious ev*at
c. To be ttspem:'ale fo. th* ac:s ':f hi› eaten or employees w.ih rests:t to the Ging plolged.
d. Not to ver:l:+ •nuig plcd3*d cxt<pt '•hzn he is sathorinxi by tire on-net or when the um of & tténg is
ncccisnry i:*i •is p.z;ei-vanoii.
c. To deiiv*r tv thr detitor tl:e .›urpIi.s .iftcr puy-ing his claim fmra what be has collected m z cradit thm was
pkdged W 'hich has becG'u• due lctoi• it is o4ecoicd
f. To deposit th.e think picdg‹d » itli s tñ ird pirscn *ven ne• tuthori by the court
 b. To b* 'n iiiniftit d*bmr ffR pays the creditor. To % $nbr0tO *II tht righ
T$

4I. p-o •h° pledges his own eiov*ble property to s*cwc the d*bt ef*app Hell b* released her iiabitity
following trees •né msy ask !oF tLt retam of the thing pkdge ftoei the pledged, ozcept
* *teditor voluriurily •m*Pt4 ir movzbie or otha prop*rry in p*ym*nt of th* debt eien if th*
*- !! exlcnsion of lime is gr••ed to the de&a by d›c auditor witt›o«t pIedgoc*s cotnsaL
° •8h we act of tht ‹neditor, tire pleigor ckhariot subrog*icd to n* rigiit*, *md
d Iftlwk iogpb go#i• dete'iomwdon th$fcoW oftb• .
e tft0#d$#tmd*GW8io&cpmym$ntofpña%pdg6lgwñmon&mmamdQk.

d. Gownuaet

d. She of tire thing pledged r*g«rd1ess of ifie neI .

a. Appmpri*tion of the thiag piedp*d irr be sh •* if i • thing ; ñ *d *d
nor *ord m th* Are *md **en 4

4d. Wbicb o£ the folJowtag dira›t /aodes of cXtiagui&iag coaoam ot yledge liaglietly aztiaguiaE the griocipd
L Aeu i by tLe pledges of the thing pledged to tht pledgor or owner.
D Rcnunc non or *lcudonoimt tn wntuig by the pied of the contract of plodgr
ill. Sile of tLe thing pledged in public *uction iA cam of default by debtor r*g*rdlm of the *monk of the ed
procmds ofs*le
N. Appropriation of the thing pledged by the ple4g*c in the thing p1ed5»d ii »m old o & £m *nd eond

* 1 md Hi

c. I 4iid lB
d. D wid N

AFBT 8803
 ' Which oflhe fullnwing s1tpulaims in a •ms•c vfyI‹dp i+ aaB aad wed?
' fi *iir iiaiioii v.I:i:!. rro*i‹ic: ih•.'h* commit or rIc'l s is iic: *sting:iished by the return of the thing pkd£*4-
A aiyulnion allowing rite i rinioi bY the prods of th think pied@d in in th ii in soi4 in ds

d. i, Ij and Iy

47. If th thing is found in th possession of th plej$ot a owzur ur ifiths ilsiag is in the p c uJon o£a ai•l
wto has ieceiycd ii from tl= pledyor or ow/xi, sfiich alike folbwing is l•corzecf7
. llrerr is prima tacit presuinpti‹›ri thet the ‹mtxt of pkdy is extinguished.
b. There is prime fai* gresurripiion thu pled rea•rmd the thing pledyd.
c. Th is prima fecie prrsumpiion t1‹u the intact ct Icon is extinguished.

d. Tbe zsium uf lbs thing pbd$ni is aaasssry fit cxfiageis¥kg he mi •o •i' pb4as ^8 •*

49. The following m the foraieliiirs requi& ter the wk of tb* nint; pl•dJ in M of f itum of tire HZ
the principal obliyiion, ezerpt
s. It m:isi t» bj pusl* suction.

l•rivrie traction or *•k only

c Gcncizi!.• s:iblic section or u!c mJess diere is get rot jvi an suctim or s4ie
d. Genenlh. p:twin oi«xion a sde unlos in iz z unl for public swiion a c*i+

d. The pMg‹<r co iFto is the ui!y bidder

the plc we cqa;d in the wnount of é•s pgr:Um obii#r4iu.a, inte.•cst md in s case.
c. Th caiiuma ot phte o.d pt iucipal ob!iy.oNcunmt of man shell be e*4inguis1iod if the proceeds of

proce*di ofi'tc sale a•* eqn».1 n› d-,r *inouni of iiu principd ohligeti n, i»t*r*e *tid exp •o in s

b. The cnxliuor-plNitee '›t,alI zl•vn}i t'e clii:iul t.n tire excess.

c. The creditor-p*cdpe sh.all be en:itl*d to th• exoes* unless M is *ii agmart te tlia coifmry.
d. The debtor-pledgor stool H»•vs te cnlul•N •o the e:u:eds.

Page 7 of 20
 5$ If the ptoc*edi of the salt of the m# pledged in coNmtiooai pl*dg* iz & their the *egiunt of die obli
wfiicb of thr following st*itmeots is trat?
< Tire dtbtor-pkdgor slull aiwiyi pcy for the dafter
b The crediior•pledgee cannot recover the deficiency even if stipulated
c. The creditor-pledged can over ‹fefi*ien*y only if siipul4led.

z The creditor may npptoprisie the thing pledged validly.

b. The co«o••i of pIedg< i› <<;ng«isha ifa< c«aiv via+d to c;›yropriaa tie tfiiag P!

S7.
maturity dna of 1*au*ry 31. 2016. Time fa value of the nei** mivable is PI,000,000 witL ei*iuri'y v•l'i• °+
l•l,200,tt00. The notes iveble is pied ed ter a m pcyzblt of Pl,l00,000 inclusive of intent- If the •

z DLSU. the pled3or•dcbtor

d. Not ct the above

a. Conventions) pledge

s. H no i* •x• ui•d wo*lt vjx›n rev bi* l›*s rift to r*i»in i by way ct p1*dtr uoiilk is i›•i'

6 A contract @ v of w6zch the debtor dclivm to tbe czed4tor a to a Old jmsoa s movable. or
obligation with ibe uodastandiag ilui win th obligstioa is Mfilled, tEe tbisg dsliwred stnll be

61. In c*** ct iegd pledge or pledg* by opera6on of liw. if the thing held in pledged by opnafim of inw ii nld by
th* creditor in public nucñon r*suhiog to excms. who sfi*ll be enetled to aa excuse?
z The debtor/oe'ucr of the thing sold evtn if net Npulated.

d. I'/o I<cans it is gIedg<d by opmtion o£bw.

G'JS- 'r=a••xrtj6•e•«••u’r RFBT 6009 Page 8 of 20

63.11 is • c mtr*ri wht•rrbv thr debior or Oiiid t»rsin s*cce to the creditor th* falfilli car of z PriaciW obliPtim.

prircijnl obligation is nail complied wiki o the tire ctipulaie&

c Real estate mong*ge
b. Chanel niongnge
c. Pleage
d. Anticluviis

thereof. thai hr be legil!i 8" °°' W -

d. Tier the document in which ° *W • be teueded in the Rcgimy of -

a.
Rei omvsci - l‹ is g•ciec6 bx !'•m of th aas mortgag•<l.

qi yp• inl:ntiot of:he pities to clurg+ thr rel progeny zs n purity for s debt end coutfim rrotiiitig

6t p , pq#wi,gmvvtecon„ ba ,ot mnmctofmñ• snt* modg mwe#

b. Real pmi*ern
c. Ri°his on iininov b!t pnq›*rty

instead of rel pmpUy:

a. The c'•ot•zet ‹:* we! esta:e eu›0 cgr is elways void tenure the sutiject nutter of i *

d. TLira pcr••n• we» a,< «s 4‹rw‹!y aIT+ by iLc md air u›ong*gr m•I uk for i¥• d Ia=tia of

69. wI›ks»rtt< followia$ s«xcmenis cnncmiég fonaditi*s afz*t.I csi«tc m ri8 g* i¥ Iecor ecf7

b. The teal ir,origage inn›i be in a public instr•i •eal fcr thr convenitnct of be P*ztie* but ins for validity.

70.Tlir conn otrc evtse nurtgige dull cover Ote following (R-I-N-GI-Zk ezc*pt

f. itent‹ md income not yet mcr:ved when the obligation become due

Page9of20
 ugoo fsiluza oFtâe debtor to pey th* yñ «cijaJ obligstien.
c. †ipo or upset which are to pie sa @ &• patio as tie •a›••at a w¥ick th IaoP g' a atñ •b
the propoty will be told ct pubtic suction.
A A stipulñ oa pfotibitioJ s *ec d aiorte•e• with m peporty riHic ed u*&r & Twr*ni Sq.

obligation by ps7ing the obligation 6a Imre ae m›p>tr * u ia o«br to p=••ot a• I›•¥lic s*k
c Equity of/sdmpion

7. . In*m0oB* ñ#tot Wmodpgwbmpumbmd mpwq*MywñRb commbpa kd*AmR vc sNd m

psbUw
suction for the juyment of the mortgage M
• Equny of redemption
b. Righi of "'^ *'!°‘

c D*iion en p*go

75. it is x U;'* of f0wlosxe made 0uou$b Oil Nliag of s guitim ai couN «xlw kule 6t of Rule of Court and

d. Ezoo•jAiciaI f losure

76.!n case of jadici•l foreclosur*, if upon the trial in sucti *tion the court still Hurd the facts m f‹nth in %
compkinl i» be m. it shrill *scenain the amount due o th* p1*iatiff upon the mng*g° debt or obligation.

founa due *nd erect the m sunt b* ;›*id to th* coun or io t£t juâgrneni obj. This is ieiow a equity of
mieinjfiou of judgment dtbf›r end the of shrill be paid my the judgment ‹febn . Wrist is the period bit

* Wh nx MofeiLns#mn90Aprorm‹ve0an120AjsRnmMweeyoCe#mmL
b Wafiin a period of not less tlun I year nor mom tlun 2 years freui th* entry ofjudgineot
c. Within a puiod of not less den 90 days nor mol* then 1 year from the tiny otjudgnient.
d. WiAin c p 'rod of no lessth*u 120 dna nor mor» dim 1 year 6oin the entry ofjudg **&

t Ym6azmmtwbuñgtofnaMmgñon•ficñirlyosdemttiamnFrnss%mo Owsdc
é Mob*moee mmdmoAdwpogedyl*wmum1amguityofmdwopñoatwnitmadympñ*d.

d. Yes bee no his rim of redemption is aot air o a parlor

78. b tb• ri@t ot=doapios cvsilabb to tIejvdga›«ot dci in ca+s ofjudici«l fowlosura?
b. Ho excejn in those re provided by specini laws.
c. No in all .
d. Ye* excepi in the c*ses jvovided by pin kwi.

'J4.-4¥f• aoy F e• aux Ts»a«a‹»v RFBT 8603 Pagcl0of20

79
UñcS•¿jm40 CfM %791 'G mdBmflñg

°*°'8! or extrijudicial foreclonirr node by hanks7

' •ithin 6 munths jmr *Rer the ml* ofihc msl caat*.
d. withia 2 aAar the sslc oFiM red rsae.

”"^ ^’ ^”! in compliance •ith Act No. 3I35 and available when is s aipvbciec in Ihs
MOfl@ge conmc\ >•* >* *°^8• •y b* tortc!o*ed vstmiudi*inlly er ifheo such forocloure felt is mmdc
under ' special i'°"'•• *+•*°>W ineencd in the msoaci uthorizing fotecloiin cxmjudici*ily.

c. Tu3icinl forec}oSure
d. Eztzs-jud+cisT I‘ loswe

5'
52.

c. R'blic at'ction or sale only

c. Cwr›rrillj pañ !â suction or vxl* unless there is sgreeuwnt for pri•im auction or Vol*
d. £ienerill› priv.see suction or set* aniesi dier* is qmeecnt fur public evction a W

8s. t• c*s• ofexajudici•J tot<slosw ef md grop•m' «ad•r Act No. 3lJ5, wha: is tic p iod of tEs exact alright

ceni*catc
d. With'r. t*.roftern
I Tosix
o• uremantle
sdc'. and the date oT expr judicid sale a m$imstioo & tbe Abazdls
ccttiAcstc +ffowIosurs ale.

i5. Notwilluwidin Act 3133. .’tuition 47 cfiRA 879.1 (C•o•.eral itching fun's) provi&* thatjuridicai 'hose

b. l¥itiiin 6 me›nths sha the foierlosvn and se!c Our not offer thr mgisnutim of the cetifican of
forec1os'atc ulc wiih tr.e appI'<ablc R $ist*i ct beds.
c. Within : yerr *fic: the force I‹uum win su!c bui net M the iceistuion of the cenificsir of f loene

66. la case tit pm‹aeds rf the ulc f. |u0.• ial nr csue.•ud isl fualo+vm of Red Sctac Mat$ags is hig¥u tbm

z. The menace inaj re•uin the ex«ss:o tire *bscrria of stipukiiun to fit cuntrery.
b. The morigog*r is criii:red t: the crys éu uhe Shearer of uipulation ui ilie
• c. The iuongagcr shrill lwuys retain tfa exes.
d. The meiieago• shell ai›vty; rrcuvcr the cxiess.

Page 11 of 20
 t lmongmgmmaymoycr0wd*Fmiowyintfw tmmmof # °°° .
b. Tbc mangagor shall not pay tGc deficiency in tie absmos ofsoI›uktioo “’ -

«. 1 - R - III - N

obliption specified ifioein, the wditioi being M th* **l• i•i1 be void 0J8 t1i• •lkr P•ying to the Pump
z sum of money or doing some other *ci named. If the condiñ on is performed *ocordiog to

c. Al Eitair Mortgage
d. Anti*Wis
90. Jfie following are the requisites oFcMacl aortgsgs for ¥z validiD', ez<egt
a. M ii bt c nstitutol to secure tM fulfillmcm o£s pincipd Obligatioa.

e That an affidavit of $ood faith ION la app0aded

tfn Deed of CI aasJ 0f Mot8a$s axl •‹xd•d

a. Accessory - tt not exist •'ithovc a pnnc\qaJ obligsoon or cont of loan.

b. Indivisible - It creaus a him on the wbole or cll of tbe propertie oott$sg*d, w/sick lit oaañ nas uatil
the obli$a on is bas fully @d.

d. Ksal coeaac - It is perfbaed by delivery oftEe pezsusI p‹opety auxgngn‹L

9h The following eiay become objen of ctinaot mort p

Mortgage Regirkr where the property is located.

a. wits r**;›*ci in sorer vni1*s i can ogm a win cci in› p Regisnr wi»s in p»
re*ids *md with Land Tf*zupon*ñon Offku whcm the motor vehicle cry scented.

I Wiili mspeci to vcs4*l, it must be registered in the offlco of die Philippine CW Guard of the pot of
doounent*tioa of the mls.

RFBT 8003
 Which * fol£'•'ing s:ai•me'iis concemiiit coami ril’ctaiicl areas ix rorrertt

' > >"°S*8w •'hi› mrs and oiit*ins z pttuiosl judgment *@insl s mong*3or upon th ttedit weir

°- Beth A and B
d. Neither A nor g

'• *^ #^* I›<ci'xl g u\c/ cv nuxtgsgut 0r tie miaimum psrind nquired u bps Iowa th time oF th
’ ’ "!*• c•^diiien in c'h*ncI M•ngs$s tefoie ilie n›on$age« may <xoajudiciaI sell w I loss ie the gublic

- ” ^ mo af'Ie P"'P=^' is for*cI•cs I and suld •n&s Act No. I ION for Cnaltl

**- !^ " the proceed* of tfie s•l< ñ•m judicial a* e«trsjvdicieI foreck uzs of CMnel mar\gage is biglur Oas tlo
Primip*l oblipiic*i ma c••si:. whicn i› trse7

principal obli@ion and costs. uhan is true°

Ite itmp I:ts roiovc: th ‹Icft•i*ney ii› rim ab*ucc '›f4npulali‹n in the contrary.
b. Tire 'sviipc•›t st 1! so ;x. • nc dc°ic:*rich in thr nt e oi sonuioion to it* contruy.
c. The mortpatcc shall a!»z* mrv›'er the deficiiocy.

N. Mortgngor or his sg«a:.

d. III - fl - I - IV
 ¥. k4ivisiblc - It cteues s lim OF tbc whole ar JI oF tb•

a. Red ri$ht - tt creates • Ii•a o• tl= poP=tr mon8•@-

e. Real conowt - It is p*rf*ct*d by tht delivery of the tt&g -

b. The actuti market vdue tihe fruits*i the time of hcrve*t.

c The *ctu•l m*rko vdue of tfie fiuis zt thy time ofi*k of fruiu.
d. The *ctu*1 nurLei vclu* of the £vii* zt the time of pofectim of the •o m °+<< '

No because it is p*ctum commissoiiuni which * 9mh'bH >*F•> '° P°- Yes because the prohibition ngninst pccium coinmicsorium is not applicable’'
of cut

d. Yes if it is agreed whoa by be -•

RFBT 8004
€BX4.-4¥pf•c*p Pr••n‹••t/o'e•«••o, T•••ar«a+ RFBT 8503 Puge lS of 20
RFBT 8603
b.

Page 17 of 20
b.
c.
d.

a.
b.

Pcge 20 of 30