Deed of Real Estate Mortgage
Uploaded by
katcalugayDeed of Real Estate Mortgage
Uploaded by
katcalugayREAL ESTATE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This Real Estate Mortgage made and executed by and between:
CRISTINA SIUPAN y LEGASPI, of legal age, Filipino, married to CRESENCIO E.
SIUPAN, with residence at Block 1, Lot 18, Cherry St. Damayan, Maybunga, Pasig City
and hereinafter referred to as the “MORTGAGOR”,
-and-
DIONISIO AGLIBOT y BACARRO, of legal age, Filipino, married to MARCELA
AGLIBOT, with residence at 393 Shaw Boulevard, Brgy, Addition Hills, Mandaluyong
City, and hereinafter referred to as the “MORTGAGEE”,
WITNESSETH: That –
1. WHEREAS, the MORTGAGOR is the absolute owner of a 50-square meter
house situated at 232-105 Street, Soldier Village, Sta. Lucia, Pasig City;
2. WHEREAS, the MORTGAGOR is indebted to the MORTGAGEE in the
principal sum of Three Hundred Thousand Pesos (Php 300,000.00),
Philippine currency, under and by virtue of a Promissory Note (“Note”)
attached herewith and made an integral part hereof as Annex “A”;
3. WHEREAS, the MORTGAGOR has agreed to secure the payment of the
Note to the MORTGAGEE by means of a good and valid mortgage upon the
property described above;
4. NOW, THEREFORE, for and in consideration of the foregoing premises and
as security for payment of the aforesaid obligation, the MORTGAGOR has
transferred and conveyed, and by these presents transfer and convey by way
of MORTGAGE, unto the MORTGAGEE, his/her heirs, successors or assigns
the aforesaid one-storey house situated at the 232-105 Street, Soldier Village,
Sta. Lucia. Pasig City;
5. That the MORTGAGEE shall be allowed to live in the said house pending
payment by the MORTGAGOR of the whole obligation;
6. It is agreed and understood that if at any time the MORTGAGOR shall fail or
refuse to pay the obligations herein secured, or default in any installment(s)
and/or amortization(s) of such indebtedness or the principal obligation when
due, or to comply with any of the conditions and stipulations herein agreed or
in the separate instruments evidencing the obligations hereby secured or
shall, during the time this mortgage is in force, institute insolvency,
suspension of payment or similar proceedings, or be involuntary declared
insolvent or writ of garnishment and/or attachment be issued against any of
the assets or income of the MORTGAGOR or if this mortgage cannot be
recorded in the Registry of Deeds, then all the obligations of the
MORTGAGOR secured by this Mortgage shall immediately become due and
payable and defaulted and the MORTGAGEE may immediately foreclose this
mortgage judicially, or extra-judicially pursuant to Act No. 3135, as amended.
The MORTGAGEE is hereby appointed attorney-in-fact of the MORTGAGOR,
with full power and authority to take actual possession of the mortgaged
property at once, and to forthwith foreclose this mortgage judicially, or to sell
the above-described properties extra-judicially in accordance with Act No.
3135, as amended, and to take such other action(s) as he may be deem
necessary to recover the amount due;
7. The condition of this mortgage is such that if the MORTGAGOR shall well and
truly pay or cause to be paid to the MORTGAGEE the obligation in the
principal sum with accrued interest, according to the terms and tenor hereof,
then this mortgage shall thereby fully discharged and without further effect;
OTHERWISE, it shall remain in full force and effect and shall be enforceable
in the manner provided by law;
IN WITNESS WHEREOF, the parties have caused these presents to be signed
on ____________, 2013 at _________________________________.
CRISTINA L. SIUPAN DIONISIO B. AGLIBOT
Mortgagor mortgagee
SIGNED IN THE PRESENCE OF:
______________________ _____________________
MARITAL CONSENT
CRESENCIO E. SIUPAN MARCELA AGLIBOT
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in ________________________ this
___________________________, personally came and appeared:
Name Competent Evidence of Identity Place Issued/Validity Period
__________________ ________________ _________________
__________________ ________________ _________________
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. ______;
Page No. ______;
Book No. ______;
Series of ______.
