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    Annex

    Uploaded by

    Jonathan Bautista
    This document is a contract of loan between Merrick Santos as the creditor and Guia Clemente as the debtor. Under the contract, Merrick Santos agrees to lend Guia Clemente 2 million Philippine pesos, to be paid back in full by January 10, 2018. If payment is not made on time, Guia Clemente will be charged a 10% monthly compounded interest on the total amount due until full payment. Additionally, if legal action is required for collection, Guia Clemente will be responsible for 25% of litigation and attorney fees based on the total amount owed. Both parties agree to abide by the terms of the contract.

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    Annex

    Uploaded by

    Jonathan Bautista
    70 views2 pages
    This document is a contract of loan between Merrick Santos as the creditor and Guia Clemente as the debtor. Under the contract, Merrick Santos agrees to lend Guia Clemente 2 million Philippine pesos, to be paid back in full by January 10, 2018. If payment is not made on time, Guia Clemente will be charged a 10% monthly compounded interest on the total amount due until full payment. Additionally, if legal action is required for collection, Guia Clemente will be responsible for 25% of litigation and attorney fees based on the total amount owed. Both parties agree to abide by the terms of the contract.

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    annex

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    This document is a contract of loan between Merrick Santos as the creditor and Guia Clemente as the debtor. Under the contract, Merrick Santos agrees to lend Guia Clemente 2 million Philippine pesos, to be paid back in full by January 10, 2018. If payment is not made on time, Guia Clemente will be charged a 10% monthly compounded interest on the total amount due until full payment. Additionally, if legal action is required for collection, Guia Clemente will be responsible for 25% of litigation and attorney fees based on the total amount owed. Both parties agree to abide by the terms of the contract.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    70 views2 pages

    Annex

    Uploaded by

    Jonathan Bautista
    This document is a contract of loan between Merrick Santos as the creditor and Guia Clemente as the debtor. Under the contract, Merrick Santos agrees to lend Guia Clemente 2 million Philippine pesos, to be paid back in full by January 10, 2018. If payment is not made on time, Guia Clemente will be charged a 10% monthly compounded interest on the total amount due until full payment. Additionally, if legal action is required for collection, Guia Clemente will be responsible for 25% of litigation and attorney fees based on the total amount owed. Both parties agree to abide by the terms of the contract.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Annex A

    CONTRACT OF LOAN

    KNOW ALL MEN BY THESE PRESENTS:


    This Deed is made and executed by and between:

    Merrick Santos, Filipino, of legal age, and a resident of


    VS Homes Subdivision, Purok Malakas, General Santos City,
    hereinafter referred to as CREDITOR, and;

    Guia Clemente, Filipino, of legal age and a resident of


    General Santos City hereinafter referred to as DEBTOR;

    WITNESSETH

    That the DEBTOR is desirous of borrowing the amount


    of TWO MILLION (P2,000,000.00) PESOS, Philippine
    Currency while the CREDITOR is willing and able to lend the
    said amount, subject to the following terms and conditions:

    1. That the CREDITOR shall convey the amount of TWO


    MILLION (P2,000,000.00) PESOS to the DEBTOR
    upon execution of this Contract;

    2. That the DEBTOR shall pay the CREDITOR the


    aforementioned amount loaned on or before January
    10, 2018;

    3. That in case of failure on the part of the DEBTOR to


    pay the amount loaned in full at its aforementioned
    maturity date, then the CREDITOR shall charge a
    penalty amounting to a compounded Ten percent
    (10%) interest per month of the total amount due until
    full payment thereof;

    4. That in case the court intervention should become


    necessary and inevitable, the DEBTOR shall be liable
    for the court and litigation expenses and attorney's fee
    amounting to twenty five (25) percent of the total
    amount due and demandable;

    5. That the parties herein hereby commit to fully observe


    the terms and conditions as embodied in this contract
    and are fully aware that any violation of the same shall
    expose such erring party to the corresponding,
    criminal, civil and/or administrative liabilities.
    IN WITNESS WHEREOF, the parties have
    hereunto set their hands this 15 th day of October ,
    2012 in General Santos City, Philippines.

    MERRICK SANTOS GUIA CLEMENTE


    Creditor Debtor

    SIGNED IN THE PRESENCE OF:


    1 . ______________________ 2. _____________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES )


    GENERAL SANTOS CITY)S. S.
    X---------------------------------------------X
    BEFORE ME, this 10th day of January , 2016 in General
    Santos City, personally appeared:
    ___________–Professional Driver's License No. M07-02-
    027566/expires on 11-28-2013
    ___________– Passport No. EB3873607/issued on 10-14-
    11/Valid until 10-13-2016
    known to me to be the same person who executed the
    foregoing instrument and they acknowledged to me that the
    same is their own free, voluntary act and deed.

    WITNESS MY HAND AND SEAL.

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