0 penilaian0% menganggap dokumen ini bermanfaat (0 suara)
222 tayangan2 halaman
Ben Ferrer mortgaged a parcel of land to Banco de Oro Escario Branch to secure a loan of 210,000 Philippine pesos. Under the terms of the real estate mortgage, Ferrer must pay 30,000 pesos per month for 7 months at 1% monthly interest, beginning on July 1, 2012. If Ferrer repays the loan as agreed, the mortgage will be discharged, but if he defaults then Banco de Oro can foreclose on the mortgaged property. Ferrer's wife Anna provided marital consent to the mortgage.
Ben Ferrer mortgaged a parcel of land to Banco de Oro Escario Branch to secure a loan of 210,000 Philippine pesos. Under the terms of the real estate mortgage, Ferrer must pay 30,000 pesos per month for 7 months at 1% monthly interest, beginning on July 1, 2012. If Ferrer repays the loan as agreed, the mortgage will be discharged, but if he defaults then Banco de Oro can foreclose on the mortgaged property. Ferrer's wife Anna provided marital consent to the mortgage.
Ben Ferrer mortgaged a parcel of land to Banco de Oro Escario Branch to secure a loan of 210,000 Philippine pesos. Under the terms of the real estate mortgage, Ferrer must pay 30,000 pesos per month for 7 months at 1% monthly interest, beginning on July 1, 2012. If Ferrer repays the loan as agreed, the mortgage will be discharged, but if he defaults then Banco de Oro can foreclose on the mortgaged property. Ferrer's wife Anna provided marital consent to the mortgage.
REAL ESTATE MORTGAGE KNOW ALL MEN BY THESE PRESENTS: This Real Estate Mortgage, made by and between: Ben Ferrer, of legal age, (single / married / widow), and a resident of 181-P Elizabeth Pond Ext. St., Cebu City, Philippines (hereinafter known as the MORTGAGOR); - and - Banco de Oro Escario Branch, a corporation duly organized and existing under the laws of the Philippines with office of business at 231 Escario St., Cebu City, Philippines (hereinafter known as the MORTGAGEE);
WITNESSETH; That: The MORTGAGOR is indebted unto the MORTGAGEE in the sum of TWO HUNDRED TEN THOUSAND PESOS (P 210, 000), Philippine Currency, receipt of which is acknowledged by the MORTGAGOR upon the signing of this instrument, payable to the order of the MORGAGEE without need of prior demand or notice within a period of SEVEN (7) MONTHS, at THIRTY THOUSAND PESON (P 30, 000) per month starting on July 1, 2012 and on every 30 th of the month thereafter until fully paid, with interest thereon at the rate of ONE PERCENT ( 1%) per month. NOW, THEREFORE, for and consideration of the afore-mentioned indebtedness, and to assure the performance of said obligation to pay, the MORTGAGOR does hereby convey and DELIVER by way of MORTGAGE unto the MORTGAGEE, the following parcel of land, together with all the improvements found and standing thereon, more particularly described as follows: TCT No. T-9132 A PARCEL OF LAND (Lot 32 of the consolidation-subdivision plan (LRC) Pcs-5141, being a portion of the consolidation of Lots 1 and 2, Psu-112287 Amd., LRC (GLRO) Rec. No. N-17511), situated in Escario St., Cebu City, Philippines. Bounded on the NE., points 3 to 6, by Lot 85; on the S., points 6 to 1 by Lot 30; on the SW., points 1 to 2, by Lot 31; and on the N., points 2 to 3 by Lot 35, all of the consolidation-subdivision plan. Beginning at a pont marked "1" on plan, being N. 51 deg. 36' E., 1321.76 m. from B.L.L.M. No.1, Cebu City, Cebu xxxxxxxx (a copy of which title is hereto attached as Annex "A")
That it is the condition of this Mortgage that should the MORTGAGOR perform the obligation to pay the afore-cited indebtedness of TWO HUNDRED TEN THOUSAND PESOS (P 210, 000) together with accrued interest thereon, within the agreed term, this Real Estate Mortgage shall be discharged and shall at once become null and void and of no effect whatsoever, otherwise, it shall subsist and remain in full force and effect and be subject to foreclosure in the manner and form prescribed by law. IN WITNESS WHEREOF, we have have hereunto set their hands, this at July 1, 2012 at the City of Cebu , Philippines.
Ben Ferrer Jane Gonzales Branch Manager, Banco de Oro MORTGAGOR MORTGAGEE
With my Marital Conformity: Anna Ferrer
SIGNED IN THE PRESENCE OF: Mark Tolentino Andrea Salazar
ACKNOWLEDGMENT BEFORE ME, a Notary Public for and in the City of Cebu this 1 st day of July 2012, personally came and appeared:
Name Competent Evidence of Identity Place Issued/Validity Period
Mark Tolentino Drivers License No. 95904604 Cebu City 06/ 20/12 Andrea Salazar Drivers License No. 35983935735 Cebu City 05/ 14/12
known to me and to me known to be the same persons who executed the foregoing Real Estate Mortgage and they acknowledged to me that the same is their free and voluntary act and deed.
WITNESS MY HAND AND SEAL, at the date and place first above written.
Doc. No. 4; Page No. 8; Book No.3; Series of 2012.