BUREAU OF JAIL MANAGEMENT AND PENOLOGY

MULTI-PURPOSE COOPERATIVE
144 Juco Building, Mindanao Avenue, Quezon City
Telephone Nos. 454-36-21

DEED OF REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This contract of REAL ESTATE MORTGAGE, made and executed by and between:

, Filipino, of legal age, single/married to

with residence
address at
hereinafter called and referred to as MORTGAGOR; and BUREAU OF JAIL
MANAGEMENT AND PENOLOGY MULTI-PURPOSE COOPERATIVE, duly registered
before the Cooperative Development Authority with principal office address at 144
Mindanao Ave., Quezon City, hereinafter called and referred to as MORTGAGEE,

WITNESSETH:

That the Mortgagor does hereby convey by way of REAL ESTATE MORTGAGE
unto the Mortgagee the following described real property, situated in
, together with the improvements, to wit:

(Description)

Of which real property the MORTGAGOR is the registered owner in accordance

with the provisions of the Land registration Act, His/Her title thereto being evidenced by
Transfer/ Original Certificate of Title No. , of the Land registry of
.

That this real estate mortgage is given as a security for the payment of the mortgage
of certain promissory note, dated for the sum of PESOS
(P ), with interest thereon at the rate of per centum ( %)
according to the terms thereof and in the words and figures as follows:
 “ FOR VALUE RECEIVED, I, , of legal
age, Filipino and residing at , do
hereby promise to pay the BJMP Multi-Purpose Cooperative or order the sum of
within years, with
interest without the need of express demand, with the understanding that to enforce
the payment of this promissory note in case of failure to pay on the agreed terms, I
execute likewise a Deed of Real Estate Mortgage on said Real Estate Property
described above, with all the improvements therein, in favor of said BJMP Multi-
Purpose Cooperative.”

That the conditions of this real estate mortgage are such that if the mortgagor shall
well and truly pay or cause to be paid unto the mortgagee the aforesaid sum with accrued
interest, then this mortgage shall be of no further force’s effect; otherwise, the same shall
remain in full force’s effect’s shall be enforceable in the manner provided by law.

IN WITNESS WHEREOF, the mortgagor has hereunto set his hand, this day
of 20 in , Philippines.

Mortgagor Mortgagee

Signed in the presence of:

 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

) S.S.

BEFORE ME, a Notary Public for in , Philippines, personally appeared

the following:

NAME ID NO. DATE/PLACE OF ISSUE

known to me to be the same persons who executed the foregoing Deed of Real Estate
Mortgage Memorandum of Agreement and they acknowledged to me that the same is their
free and voluntary act and deed and of the entities represented herein.

This Deed of Real Estate Mortgage consisting of

( ) pages including this page on which this Acknowledgement has been signed by
the parties and their instrumental witnesses on each every page thereof and sealed with my
notarial seal.

WITNESS my hand and notarial seal this day of 20 at

, Philippines.

NOTARY PUBLIC

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