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    Real Estate Mortgage Know All Men by These Presents

    Uploaded by

    Katrine Manao
    This document is a real estate mortgage between Jovito T. Aggueban as the mortgagor and an unnamed individual as the mortgagee. The mortgagor receives a loan of PHP 125,000 and mortgages the property described as Lot 19332-D in Bulanao Norte, Tabuk City, Kalinga as collateral. The mortgage outlines terms including a monthly interest rate on the principal, prohibiting sale or encumbrance of the property without consent, and allowing foreclosure if payments are defaulted. It also appoints the mortgagee power of attorney to repossess and sell the property through public auction if foreclosure is pursued.

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    © All Rights Reserved
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    Real Estate Mortgage Know All Men by These Presents

    Uploaded by

    Katrine Manao
    101 views2 pages
    This document is a real estate mortgage between Jovito T. Aggueban as the mortgagor and an unnamed individual as the mortgagee. The mortgagor receives a loan of PHP 125,000 and mortgages the property described as Lot 19332-D in Bulanao Norte, Tabuk City, Kalinga as collateral. The mortgage outlines terms including a monthly interest rate on the principal, prohibiting sale or encumbrance of the property without consent, and allowing foreclosure if payments are defaulted. It also appoints the mortgagee power of attorney to repossess and sell the property through public auction if foreclosure is pursued.

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    This document is a real estate mortgage between Jovito T. Aggueban as the mortgagor and an unnamed individual as the mortgagee. The mortgagor receives a loan of PHP 125,000 and mortgages the property described as Lot 19332-D in Bulanao Norte, Tabuk City, Kalinga as collateral. The mortgage outlines terms including a monthly interest rate on the principal, prohibiting sale or encumbrance of the property without consent, and allowing foreclosure if payments are defaulted. It also appoints the mortgagee power of attorney to repossess and sell the property through public auction if foreclosure is pursued.

    Copyright:

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

    Real Estate Mortgage Know All Men by These Presents

    Uploaded by

    Katrine Manao
    This document is a real estate mortgage between Jovito T. Aggueban as the mortgagor and an unnamed individual as the mortgagee. The mortgagor receives a loan of PHP 125,000 and mortgages the property described as Lot 19332-D in Bulanao Norte, Tabuk City, Kalinga as collateral. The mortgage outlines terms including a monthly interest rate on the principal, prohibiting sale or encumbrance of the property without consent, and allowing foreclosure if payments are defaulted. It also appoints the mortgagee power of attorney to repossess and sell the property through public auction if foreclosure is pursued.

    Copyright:

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

    REAL ESTATE MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    I, JOVITO T. AGGUEBAN, single, of legal age, with resident address


    at Purok 3, Bulanao, Tabuk City, Kalinga as Mortgagor, for and in
    consideration of a loan in the sum of, Philippine Currency, One
    Hundred Twenty Five Thousand Pesos (Php. 125,000.00), to me, in
    hand paid by ________________________, married to
    ______________________, Filipino, of legal age, with address at Purok 3,
    Bulanao, Tabuk City, Kalinga, as Mortgagee, do hereby, or assigns,
    that certain parcel of land together with all improvements thereon,
    more particularly described as follows:

    “A parcel of land with LOT NO. 19332-D, CSD-CAR-003418-D


    being a portion of LOT NO. 19332, Pls-93, situated at Barangay
    Bulanao Norte, City of Tabuk, Province of Kalinga covered under OCT
    No. 020-2019000049 and registered under the name of the herein
    Mortgagor, JOVITO T. AGGUEBAN.”

    That this mortgage is so constituted subject to the following terms and


    conditions to wit:

    1. That the principal obligation of One Hundred Twenty Five


    Thousand Pesos (Php. 125,000.00) shall be due and
    payable within from the date the said obligation was released
    and to bear interest at the rate of ______ per month;

    2. That during the lifetime of the mortgage, the mortgagor shall


    not alienate, sell or in any manner dispose of or encumber
    the above-mentioned property without the written consent of
    the mortgagee;

    3. That any default on the part of the mortgagor to pay any of


    the obligation stipulated herein above shall constitute
    sufficient cause for the mortgagee to foreclose this mortgage;

    4. That in case of foreclosure, the mortgagee may elect to


    proceed judicially, or extra judicially under Act No. 3135
    against mortgagor. In that latter event, the mortgagor hereby
    appoints the mortgagee as her Attorney-in-fact who shall
    take over the immediate possession of the property and sell
    the same at the public auction in accordance with the law, to
    sign all documents and perform any act requisite and
    necessary to accomplish said purpose. It being understood
    that in whichever event, the mortgagee shall be entitled to
    collect attorney’s fees and other legal expenses aside from
    liquidated damages in an amount equivalent to not less than
    ____________ of the obligation of the mortgagor then
    subsisting provided; however, that in any case of litigation
    from the violation of contract, the mortgagor submits to the
    jurisdiction of the Court in the trial of the case against her;

    That I hereby declare under oath that the land herein mortgage is not
    leased nor tenanted.

    JOVITO T AGGUEBAN
    Mortgagor

    ________________________ ______________________
    Mortgagee SPOUSE

    Witnesses:
    ______________________________
    ______________________________

    ACKNOWLEDGEMENT

    Republic of the Philippines)


    Province of Kalinga )S.S
    City of Tabuk )

    BEFORE ME, __________________ at Bulanao, Tabuk City, Kalinga,


    Philippines. Personally appeared the parties as well as the witnesses
    enumerated below, known to me be the same person who executed
    the forgoing instrument and acknowledged that the same is their free
    and voluntary deed.

    Doc. No.____;
    Page No.____;
    Book No. ____;
    Series of 20___.

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