REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Real Estate Mortgage made and exe!ted "# and "et$een:
Mrs% So&ia B% Asenso' o& legal age' (ili)ino' single * married to +ose)h Asenso'
$ith residene at ,e"! ,it#' and hereina&ter re&erred to as the -MORT.A.OR/'

0and0

Mrs% So&ia B% Asenso ' o& legal age' (ili)ino' single * married to
Mr% .reg Asonion ' $ith residene at Manda!e' ,e"!' ,it# and
hereina&ter re&erred to as the -MORT.A.EE/%
%

W1TNESSETH: That 2

WHEREAS' the MORT.A.OR is the a"sol!te and registered o$ner o& a
)arel o& land sit!ated at Blo3 45 S)olari!m St% ,e"! ,it# '

WHEREAS' the MORT.A.OR is inde"ted to the MORT.A.EE in the
)rini)al s!m o& One h!ndred tho!sand 6Ph) 477' 777%778' Phili))ine !rren#'
!nder and "# 9irt!e o& a Promissor# Note 6-Note/8 attahed here$ith and made
an integral )art hereo& as Annex -A/:

WHEREAS' the MORT.A.OR has agreed to se!re the )a#ment o& the
Note to the MORT.A.EE "# means o& a good and 9alid mortgage !)on the
)ro)ert# herein desri"ed
"elo$:

NOW' THERE(ORE' &or and in onsideration o& the &oregoing )remises
and as se!rit# &or )a#ment o& the a&oresaid o"ligation' the MORT.A.OR has
trans&erred and on9e#ed' and "# these )resents trans&er and on9e# "# $a# o&
MORT.A.E' !nto the MORT.A.EE' his*her heirs' s!essors or assigns the
a&oresaid )arel o& land




t is agreed and !nderstood that i& at an# time the MORT.A.OR shall &ail
or re&!se to )a# the o"ligations herein se!red' or de&a!lt in an# installment6s8
and*or amorti;ation6s8 o& s!h inde"tedness or the )rini)al o"ligation $hen
d!e' or to om)l# $ith an# o& the onditions and sti)!lations herein agreed or in
the se)arate instr!ments e9idening the o"ligations here"# se!red or shall'
d!ring the time this mortgage is in &ore' instit!te insol9en#' s!s)ension o&
)a#ment or similar )roeedings' or "e in9ol!ntar# delared insol9ent or $rit o&
garnishment and*or attahment "e iss!ed against an# o& the assets or
inome o& the MORT.A.OR or i& this mortgage annot "e reorded in the
Registr# o& <eeds' then all the o"ligations o& the MORT.A.OR se!red "# this
Mortgage shall immediatel# "eome d!e and )a#a"le and de&a!lted and the
MORT.A.EE ma# immediatel# &orelose this mortgage =!diiall#' or extra0
=!diiall# )!rs!ant to At No% >4>5' as amended% The MORT.A.EE is here"#
a))ointed attorne#0in0&at o& the MORT.A.OR' $ith &!ll )o$er and a!thorit# to
ta3e at!al )ossession o& the mortgaged )ro)ert# at one' and to &orth$ith
&orelose this mortgage =!diiall#' or to sell the a"o9e0desri"ed )ro)erties
extra0=!diiall# in aordane $ith At No% >4>5' as amended' and to ta3e s!h
other ation6s8 as he ma# "e deem neessar# to reo9er the amo!nt d!e: and in
the e9ent o& s!h =!diial or estra0=!diial &orelos!re or other legal ation' the
MORT.A.EE shall "e entitled to om)ensation &or ex)enses' attorne#?s &ees
and osts o& olletion' $hih is sti)!lated to "e t$ent# )erent 6@7A8%
The ondition o& this mortgage is s!h that i& the MORT.A.OR shall $ell and
tr!l# )a# or a!se to "e )aid to the MORT.A.EE the o"ligation in the )rini)al
s!m $ith ar!ed interest' aording to the terms and tenor hereo&' then this
mortgage shall there"# &!ll# disharged and $itho!t &!rther e&&et: OTHERW1SE'
it shall remain in &!ll &ore and e&&et and shall "e en&orea"le in the manner
)ro9ided "# la$%


1N W1TNESS WHEREO(' the )arties ha9e a!sed these )resents to "e signed
on
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BBMrs% So&ia B% AsensoBBB BMrs% So&ia B% AsensoBBBB
Mortgagor Mortgegee

S1.NE< 1N THE PRESEN,E O(:


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ANNEC -A/

PROM1SSORY NOTE


(OR DALEE RE,E1DE<' the !ndersigned Ma3er' )romises to )a# to the order
o&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBB' 6hereina&ter re&erred to as FPa#eeF: Pa#ee
together $ith an#
s!"seG!ent holder hereo& or an# interest herein "eing hereina&ter re&erred to as
FHolderF8 at
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB' or at s!h other )lae as the Holder
ma# &rom time to
time designate in $riting' $itho!t grae' exe)t as ma# "e other$ise ex)ressl#
)ro9ided &or
herein' the )rini)al s!m o& BBBBBBBBBBBBBBBBBBBBBBBB PESOS
6Ph)BBBBBBBBBBBB8' together
$ith interest &rom the date hereo& at a rate o& t$el9e )erent 64@8A )er ann!m
on the !n)aid
)rini)al "alane &rom time to time o!tstanding in aordane $ith the &ollo$ing
)ro9isions:

6a8 ,ommening BBBBBBBBBBBBBBBB @7BBBBBB' and on the BBBBBB da# o&
eah and
e9er# month therea&ter !ntil BBBBBBBBBBBBBBB' @7BBBBBB' the !ndersigned
shall )a# to Holder
eG!al installments o& BBBBBBBBBBBBBBBBBBBBBBBBBBBBB PESOS
6Ph)BBBBBBBBBBB8' inl!ding
)rini)al and ar!ed interest on the !n)aid )rini)al "alane% The entire
o!tstanding )rini)al
"alane shall "e d!e and )a#a"le in &!ll on or "e&ore BBBBBBBBBBBBBBBBBB'
@7BBBBBB% An#
de&a!lt or dela# in the )a#ment o& an# installment shall "ear a )enalt# interest o&
three )erent
6>A8 )er month%

6"8 This Note is se!red "# a Mortgage o& e9en date here$ith exe!ted "# the
!ndersigned in &a9or o& the Pa#ee herein' $hih is a lien on ertain ollateral
se!rit# as
desri"ed therein%
68 The Ma3er shall ha9e the right at an# time or &rom time to time to )a# all or a
)ortion o& the )rini)al $itho!t )remi!m or )enalt#%
6d8 Sho!ld s!it "e "ro!ght to reo9er on this Note' or sho!ld the same "e )laed
in
the hands o& an attorne# &or olletion' Ma3er )romises to )a# Holder attorne#
&ees eG!al to
&i&teen )erent 645A8 o& the o!tstanding amo!nt and osts in!rred in
onnetion there$ith% This
Note shall "e go9erned and onstr!ed aordane $ith the la$s o& the
Phili))ines' and s!it
hereon ma# onl# "e "ro!ght "e&ore the Regional Trial ,o!rt o& BBBBBBBBBBBBBB
,it#' Metro
Manila' to the exl!sion o& all other 9en!es%
6e8 (ail!re o& Holder to exerise an# o)tion here!nder shall not onstit!te a
$ai9er o&
the right to exerise the same in the e9ent o& an# s!"seG!ent de&a!lt or in the
e9ent o& the
ontin!ane o& an# existing de&a!lt a&ter demand &or strit )er&ormane hereo&%
6&8 Ma3er here"# $ai9es demand' diligene' )resentment &or )a#ment' )rotest or
notie o& demand and exerise o& an# o)tion here!nder% Ma3er or eah
indi9id!al and entit#
signing this note' $hether or not as a Ma3er' agree that the granting o& an#
extension or
extensions o& time &or )a#ment o& an# s!m or s!ms d!e here!nder' or !nder an#
other instr!ment
se!ring this note' or &or the )er&ormane o& an# o9enant' ondition or
agreement hereo& or
thereo& or the release o& other or additional se!rit# shall in no $a# release or
disharge the
lia"ilit# the Ma3er or an# signor or an# g!arantor hereo&%
6g8 Time is o& the essene o& this note and eah and e9er# term and )ro9ision
herein
is intended to ins!re the )rom)t )a#ment o& the o"ligation%

1N W1TNESS WHEREO(' the )arties hereto ha9e exe!ted this Note this
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Ma3er*Borro$er: BBBBBBBBBBBBBBBBBBBBBBB BBB Witnesses:
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Pa#ee: BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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