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