PROMISSORY NOTE

I, _____________________-., of legal age, Filipino, single and a resident of Barangay

_________________________ for valuable consideration received, promise to pay
____________________ the amount of ONE HUNDRED THOUSAND PESOS (Php
100,000.00) Philippine Currency, payable in Six (6) months term with TWO PERCENT (2%)
monthly interest based on the principal amount or TWO THOUSAND (PHP 2,000) PHILIP-
PINE CURRENCY per month.

SECURITY: The property described as Transfer of Certificate Title No.__________________,

with an Area of: __________________, Located at ______________________, registered in the
name of ____________________.

Capas, Tarlac, Philippines _____________.

______________________
MAKER

Signed in the presence of: _____________________ ________________________

ACKNOWLEDGEMENT

SUBSCRIBED AND SWORN to before me this ____________________ in Capas, Tarlac,

Philippines, affiant exhibiting to me his _________________.

WITNESS MY HAND AND NOTARIAL SEAL, the day, year, place first above written.

Doc. No._______;
Page No.______;
Book No.______;
Series of ______.