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REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This MORTGAGE made and executed by

Jonathan Filipino, of legal age, married, and a resident of _ Brgy. Baguer,

Libongan, North Cotabato herein called the Mortgagor

-and-

Judith, Filipino, of legal age, single/married, and a resident of Blk 9, Lot 15,
Phase II, Kalapati St. DDF Subd, Mandug, Davao City herein called the
MORTGAGEE;

W I T N E S S E T H:

1. That as security for the payment of the loan in the principal sum of
Five Hundred Thousand Pesos (Php 500,000.00), and such other loans or
advances already obtained, or still to be obtained by the MORTGAGOR(s) as
MAKER(s), CO-MAKER(s), or GUARANTOR(s) from the MORTGAGEE plus
interest at the rate of 4 % per month, payable on the dates mentioned in the
corresponding loan agreement, the MORTGAGOR(s) by way of first mortgage,
mortgages the parcel(s) of land described hereunder, together with the
improvements now existing, or which may hereafter be made thereon, of which
MORTGAGOR(s) represents and warrants that MORTGAGOR(s) is/are absolute
owner(s) and that the said parcel of land is/are free from all liens and
encumbrances. The MORTGAGOR hereby transfer and convey by way of
mortgage unto the MORTGAGEE, their heirs, successors, executors,
administrators or assigns the following parcel of land covered by and described
in Transfer Certificate of Title No. 1234 issued by the Office of the Registry
of Deeds of Kidapawan, North Cotabato which title is attached hereto as Annex 1.

2. That if the obligations herein secure, or any of the amortization of such

indebtedness should be unpaid when due or upon non-compliance with any of
the conditions and stipulations herein agreed, or if the MORTGAGOR or the
person availing of the credit accommodations herein secured shall, during the
time the mortgage is in force, instituted solvency proceedings or be involuntarily
declared insolvent, or if the proceeds of this loan/credit line should be used or
applied for purposes other than those specified herein, or if this mortgage
cannot be recorded in the corresponding Registry of Deeds, then all the
obligations secured by this mortgage and all the amortization thereof shall
immediately become due, payable and defaulted and the MORTGAGEE may
immediately foreclose this extrajudicially in accordance with Act No. 3135, as
amended, and for the purpose, the Mortgagor hereby names, constitutes and
appoints the Mortgagee as its Attorney-in-Fact, to enable it to extrajudicially
foreclose the herein Mortgage and as well as to sign all documents and perform
any act requisite and necessary to accomplish said purpose and to appoint its
substitutes as such attorney-in-fact with the same powers as above-specified. In
case of judicial foreclosure the MORTGAGOR hereby consents to the
appointment of the MORTGAGEE and/or its duly authorized representative or of
any of its designates as receiver, without any bond, to take charge of the
mortgage property at once, and to hold possession of the same and the rents,
benefits and profits derived from the mortgaged property before the same, less
the costs and expenses of the receivership; the MORTGAGOR hereby agrees
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further that, in all cases, attorneys fees is hereby fixed at 25% of the total
indebtedness then unpaid, which in no case shall not be less than Php 5,000.00
exclusive of all cost and fees allowed by law, and the expenses of collection shall
be the obligation of the MORTGAGOR and shall with priority, be paid to the
MORTGAGEE out of any sums realized from the sale of said property and this
mortgage shall likewise stand as security therefor. It is hereby agreed that the
period or periods granted for the payment of the amortization and/or
obligations secured by this mortgage is for the mutual benefit of both
MORTGAGOR and the MORTGAGEE. The MORTGAGEE may be a bidder at
the sale of the properties hereby mortgage to it, whether under foreclosure
proceedings, or under the powers of sale herein provided, or otherwise. The
remedy of the MORTGAGEE under the powers of sale hereby conferred upon it
shall be, and is in addition to and cummulative with such right of action as the
MORTGAGEE may have in accordance with the present or any future laws of the
Philippines. It is hereby agreed that in the case of foreclosure of this mortgage
under Act No. 3135, the auction sale shall be held at the capital province; and in
case of judicial execution of this obligation or any part of it, the debtor waive all
their rights under the provisions of Rule 39 Section 12 of the Rules of Court, Art.
232 of Republic Act No. 386, known as the Civil Code of the Philippines, and the
proper venue of the foreclosure suit thereto corresponding, where the mortgage
may institute the foreclosure suit is the Court of First Instance now Regional
Trial Court of Davao city or elsewhere at the election of said MORTGAGEE;

3. It is of the essence of this contract that if the MORTGAGOR fails to

pay the principal obligation then this mortgage shall be foreclosed and the above-
mentioned property/ies shall be sold in accordance with law; but, if the
MORTGAGOR pay said obligation together with the interests, then this mortgage
shall become null and void and of no effect.

In Witness Whereof, we have hereunto set our hands this December 18,
2015 at Davao City, Philippines.

Jonathan Judith
Mortgagor Mortgagee

With my marital consent:

_______________________
Husband of Mortgagor

Signed In The Presence Of: ______________ & ________________

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REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO )SS.
X----------------------------------------X

ACKNOWLEDGEMENT

Republic of the Philippines)

Davao City ) S.S

BEFORE ME, a Notary Public for Davao City this 18th day of December
2015 personally appeared:

ID Number
Lorena H. Camino

Judith C. Maigo

All known to me and to me known to be the same persons who executed the
foregoing real estate mortgage and who acknowledged the same to be their free
voluntary act and deed, and that of the entities represented.

This document refers to a loan agreement which consists of three (3) pages
including this page on which this Acknowledgement is written, and duly signed
by the parties together with their instrumental witnesses on each and every page
hereof.

WITNESS MY HAND AND SEAL on the date and place first above written.
Doc. No. __
Page No. __;
Book No. __;
Series of 2015