AFFIDAVIT
I, ESTER B. CABASE, Filipino, of legal age, marrried, and a resident of Zone 2,
Balagbag, Milaor, Camarines Sur, after being duly sworn in accordance with law, depose
and state:
1. That on June 2, 2013, CRISENCIANA OLITOQUIT approached me and my
husband to ask if we could let her borrow bagas and ata for her to sell
because she has no funds or capital to do so;
2. Because of her well-mannered approach, we obliged to lend her bagas and
ata for her to sell. For the first two loans she obtained from us, she was
diligent in paying her debts;
3. That upon her third loan, she failed to pay her obligation for the reason that
she also loaned said bagasand ata to others;
4. That she promised to pay us her debt and further requested that she be
permitted to borrow another set of bagas and ata of which we again
obliged;
5. We trusted her sincerity in paying her debts such that we let her obtain other
loans from us which amounted to TWO HUNDRED FOUR THOUSAND
NINETY TWO PESOS (PhP204, 092.00) starting from the time she
obtained her first loan on June 2, 2013 up to June 27, 2013;
6. From the month of June 2013 up to September 2013, she already paid the
total amount of ONE HUNDRED FORTY-NINE THOUSAND TWO
HUNDRED SEVENTEEN PESOS (PhP149,217.00), giving her an unpaid
balance of FIFTY FOUR THOUSAND EIGHT HUNDRED SEVENTY-FIVE
PESOS (PhP54,875.00);
7. Because of her inability to pay the remaining balance, she executed a written
instrument in our favor, with her nephew as witness, to mortgage her one
hectare (1) land to secure the amount of SIXTY THOUSAND PESOS
(PhP60,0000.00) as payment for her balance and as additional provision of
said mortgage, we were given authority to cultivate said tract of land offered
as security for a period of two (2) years;