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Real Estate Mortgag E: Jump To Page You Are On Page 1of 2 Search Inside Document
Real Estate Mortgag E: Jump To Page You Are On Page 1of 2 Search Inside Document
Real Estate Mortgag E: Jump To Page You Are On Page 1of 2 Search Inside Document
REAL
ESTATE
MORTGAG
E
AGREEME
NT
KNOW ALL
MEN BY THESE
PRESENTS:This
Real Estate
Mortgage, made
by and
between: _____
_____________
of
legal age, marri
ed, and a reside
nt of
_____________
,Philippines
(hereinafter
known as the
MORTGAGOR);
- and
–
____________
________, of
legal age, widow
, and a resident
of
_____________
,Philippines
(hereinafter
known as the
MORTGAGEE);
WITNESSETH;
That:The
MORTGAGOR
is indebted unto
the
MORTGAGEE in
the sum of
FOUR
MILLIONTHRE
E HUNDRED
THOUSAND
PESOS
(P4,300,000.00),
Philippine
Currency
,receipt of which
is acknowledged
by the MORTGA
GOR upon the si
gning of thisinstr
ument, payable
to the order of
the MORGAGEE
without need of
prior demand
ornotice within a
period of
ONE (1) YEAR
, at
_____________
(P__________)
(monthly/weekly/
daily) starting on
_____________
and on every
_____________t
hereafter until
fully paid, with
interest thereon
at the rate of
1.2% per month
.NOW,
THEREFORE,
for and
consideration of
the afore-
mentioned
indebtedness,
and toassure the
performance of
said obligation to
pay, the
MORTGAGOR
does
hereby conveya
nd DELIVER by
way of
MORTGAGE
unto the
MORTGAGEE,
her heirs,
successors
andas signs, the
following parcel
of land, together
with all the
improvements
found
andstanding
thereon, more
particularly
described as
follows:
Transfer
Certificate of
Title No. T-
_________Regi
stry of Deeds
for
_____________
__
A parcel of land
.........That it is
the condition of t
his Mortgage
that should
the MORTGAG
OR
perform theoblig
ation to pay the
afore-cited
indebtedness of
FOUR MILLION
THREE
HUNDREDTHO
USAND PESOS
(P4,300,000.00)
together with
accrued interest
thereon, within
theagreed term,
this Real Estate
Mortgage shall
be discharged
and shall at once
becomenull
and void
and of no
effect whatsoeve
r, otherwise,
it shall
subsist and
remain infull forc
e and effect and
may judicially or
extrajudicially, at
her option,
foreclose
themortgage on
the property in
accordance with
law foreclosure
in the
manner and for
mprescribed by
law.IN
WITNESS
WHEREOF, we
have have
hereunto set
their hands, this
_____________
at
_____________,
Philippines.
____________
_
_____________
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Mortgagor Mort
gageeWith my
Marital
Conformity: ___
___________M
ortgagor's
SpouseSIGNED
IN THE
PRESENCE
OF: _________
________ ____
_____________
_ ACKNOWLED
GMENTREPUB
LIC OF THE
PHILIPPINES)CI
TY OF
_____________
______) S.S.x
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
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–
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–
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–
xBEFORE ME
personally
appeared:Name
ID
Driver’s License
No.
___________
Driver’s License
No.
___________
presenting their
competent
evidence of
identity, known
to me and to me
known to be
thesame
persons who
executed the
foregoing
Real Estate
Mortgage
Agreement
andthey acknowl
edged to me that
the same is their
knowing, free
and voluntary
act
anddeed.This
document
relates to the
mortgage of a
parcel of land
registered under
TCT No.
T- _______
of the
Registry of
Deeds for
___________
and consists of
three (3)
pages,including
this page, each
of which had
been signed by
the
Parties
and their
instrumentalwitn
esses.WITNESS
my signature
and notarial seal
this _______th
day of
_____________
_ 2019.Doc. No.
____;Page No.
____;Book No.
____;Series of
2019.
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