GLA55 T'

N9 2e1909-A
e

PROMISSORY NOTE

!a
qu]

t\-?rl,.-ffifi?"

o
F

MATURITY:

9643.5T15.{XX7.(m

PN NO.

FOR VALUE RECEIVED

represented herein by its

BENEFICIARIES OF AGRARIAN REFORM IN CHNCKERED MPC

Strs.n

Absiill+ Vi.e-Chti!': Ennnangel Torres, Treasurer:

Puro& 3, Tiburgol Pdufoo Citv

with residence/ office address at
to the order of LAND BINIoF ]HE PHILIPPINES tI" .?:1-l
(the ,,Borrowef,), hereby promises to pay'Bank
Plaza.. 1198^M H.-?"l,El"t-Sit *9'a J;9919i, St ' Malate'
at its principal office locaied at the Land
F- Torea St, Davao
RDL
LBP-Davao
Manila, or its branch/unit
without need of natice or demand, the principal sum of PHILIPPINE PESOS'
cne rnillion resm onIY
ID
, and / or in the
)(the "Loan/Line"), on-l-LMErmanner as follows:

1ln0.m0'00

al,
EEI

20

17

o
t,

r
d

U
{,

together with interest on the outstanding balance thereof at the following rate:

(*

()
N

per annum for the current

percent(--)%
period
commencing on the date of inilial
INTEREST PERIOD. lnterest period shall mean the
(-) days and each
borrowing and having a duration not exceedingRate

of--.--

similar

=:rff

Hq

Yn
AI

CJ\il8

T*
ai
'E

3!
ttt A

per annum

Fixed rate
payable

piriod

therealfter commencing upon the expiry of the immediately preceding lnteresi

every lnterest Period which shall be
of interest shall be-sei at the start

period. The rate

of

indicated in the Statement ofAccount or other notices to be sent to the Borrower'

Plus other Fees, as follows:

(%)
(

Y"\

The Borrower hereby agrees that the rate of interest fixed herein may be increased or decreased if during
the interest
the term of the Loan/Line or in any renewal or extension or restructuring thereof,there are changes in
in the
are
changes
orthere
rate prescribed bylaworthe Monetary Board ofthe Bangko sentral n9 Pilipinas
of
any
result
or
as
a
Bank's overall cost of funding / maintaining the Loan/Line or intermediation on accounl
in
the
changes
and
special reserve requirements, Gredit risk, collateral business, exchange rate fluctuations
immediately
the
financiat market. The Borrower shall be notified ofthe increase or decrease which shall take effect on
succeeding installment or amortization payment following such notice. Should there be a disagreement with the
interest adjustment, the Borrower shall so lnform the Bank in writing and, within 30 days from receipt of the
Bank's notice of interest adjustment, prepaythe Loan/Line infull together with accrued interest andall other
charges which may be due thereon except for prepayment penalty. lf the Bdrrower fails to prepay the Loan/Line
as herein provided, the Bank may, at its option, consider the Loan/Line as due and demandable, unless advised
by the Borrower that he/it is agreeable to the adjusted interest rate. lf the Borrower fails to respond to the notice
*ittin tirty 1a01, days from receipt thereof, the Bank shall consider itas agreement by the Borrower tothe

adjusted rate of interest.

ln case the principal amount or the interest and other charges on the Loan/Line or any amount due on
their respective due date/s is/are not paid (including those that may be dueo by accelaration), the.Borrower shall
be charged with a penalty/ies at the rate of
to accrue from the day immediately after the due date/s thereof.lt is understood that the basis for the computation
of the penalty charges shall be the total amount due and unpaid

F---i-z)-=-+slssun'-

ln any eveni of default by the Borrower, the Bank may, at its option, declare the entire unpaid principal
.1f ihe I nan/t ina the accnre.l interest and all other amounts Davable under this Note to be forthwith due and

CLASS B

N9 291909'A

Promissory Note
Page 2

Should this Note be signed by more than one Borrower, the liability of all Borrowers under this
Note shall be joint and several. Anyone of the Borrowers ma, with the consent of the Bank, renew this
Note or extend the original or subsequent maturity date/s hereof, for a portion or thewhole amount of
the principal without notice to other/s; and in such cases, the liability of the other Borrower/s shall
remain joint and several,each one ofthe Borrowers hereby irrevocably constituting and authorizingthe
other as his/its attorney-in fact for said purpose.

The Borrower hereby authorizes and empowers the Bank, without need of notice to the
Borrower, to deduct set-off and apply any funds, securities or assets of the Borrower with the Bank or
any of its branches, on deposit or otherwise, ln reduction of amounts due under this Note.
Acceptance by the Bank of payment on the Loan/Line or any portion thereof after due date
shall not be considered as extending the time for payment thereof or a modification of a ny of the conditions
hereof. Any interest rate adjustmentshall not bedeemed as a novation or amendmentofthe obligations
of the Borrower under this Note or prejudice the Bank's rights or remedies hereunder. The Co-maker,
if any, hereby consents to be bound by any extension and/or renewal or restructuTing of this Note;
as well as of the terms of payment which may be granted to the Borrower without notice or consent.

Should it become necessary to coltect this Note throuqh an attorney, the Borrower
hereby expressly agrees to pay an amount equivalent to twenty percent (20olo) of the total
amount due on this Note as and for attorney's fees, exclusive of all costs and fees allowed by law
and/or the Loan/Line Agreement executed in connection therewith. The Borrower hereby expressly
Davao City
submits to the exclusive jurisdiction of the proper courts of
Philippines, in the event of litigation arislng from this Note
In case any one or more of the provisions in this Note shall be declared by competent authority
to be invalid, illegal or unenforceable in anyrespect, the legality and enforceabiltiyof theother provisions
herein shall not in any way be affected or impaired thereby.
This Note shall be governed by terms and condltions of the related Loan/Credit Line Agreement
executed by the Borrower and related documents under which the Loan/Line has been obtained. In
case of conflict between the provisions of this Note and the Loan/Credit Agreement, the provision of the
latter shall prevail.

BENEFICIARIES OF ACRARIAN REFORM IN CHECKERED MPC

BORROWER

TIN:

{n6187-1I3

Signature OlEf-Printed Name of

Authorized Signatory

SIGNED

*#,

IN THE

PRESENCE OF:

CH]IETNN HARVEY N. WON6

Poeto

LANDBANK OF THE PHILIPPINES

DISCLOSURE STATEMENT

Borrower:

BARC.MPC

PN No.

9643-ST16-0047-008

ADDRESS: p,,".r.:,Tih,,n*ol,p.,rartrjtr_
C itv
_

gq49d (Amount to be financed)

1_L9g!
2. Finance Charges

Not deducted Deducted from

from proceeds Proceeds

% p.a. fod_Bs _ days

3/"ts/2017
Monthly
]

nterest et
e/16/2016

lrcm
_fo
>i
Simple
[
[
[ ]Compound [

1,000,000.00

(A)

PP
t lSemi-annually

]Quariedy
b, Non-lnterest charge
c. Commitment Fee
d. Guarantee Fee
e. Other charges incidental to the
extension of credii (Specify)

Total Finance Charaes

3" Non-Finance Charges
a. lnsurance premium
b. Taxes
c. Documentary Starnps
d. Notarial Fee
e. Others (Specifu)

Annually

?,

(3)

2,465.7s

Total Non-Finarrce Charoes

P
4" Total deductions from proceeds of loan (B+C)
(D)
P
5- Net proceeds of loan (A-D)
1,000,000.00
6. Percentage of finance cl yso (u qrrrvulrt
ttt
dreul.,rrjqltue
vvtltt
\ruultiLt
ron
1305.2)
/o
tUVrrrPutts(r
7. Effective interest rate at
for
days (compuied based on the dimlnishing balance of the
loan / has been paid / has been deducted frorn the loan.
8. Schedule of payment
March 15, 2017
( n) a. Single payment due on
1,000,000.00
for F
( ) b. Total insiallment paymenis payable in
rnonths / years (nr:rnber of payments) at
P
each instailment. (Please refer to the Amortizaiion Schedule)
()c.
Batch No.
Batch Due Date
Principal
lnterest
Toiai

*-_

-*-%

g. Collateral - This Loan is wholly / partly secured by:

( x) Unsecured
( ) Real Estate (REM)

( ) Post-Datod Checks ( ) Government Securities

( ) DAonIRAIPNTR ( ) Chattels(CM) ( )AcFPGuarantee ( ) Others(Specifu)__
( ) DA on lnventgi.e^q ( ) REM with CM
( ) PCIC insurance Cover
'10. Penally rate of-" ""' % per annum, in case of non-payment, shali be charged to siart on tfrE@v
after due date of loan amortization / credit accommodation up to date of seftlement.

Cerlified,c6h,eci:

,,oo.ffL1fluo,o

I ACKNOWLEDGE RECEIPT OF A COPY OF THIS STATEMENT PRIOR TO THE

CONSUMMATION OF THE CREDIT TRANSACTION AND THAT I UNDERSTAND
AND FULLY AGREE ]'O THE TERMS AND CONDITIONS THEREOF

Signature of Creditor i Authorize/

Name)'

(iignatory Over Printed

OIC-DLC

Position

DATE-

Io-Sep-'lo

BARC-MPC

trh

b%J

l/o.P
uls

\t:v\':

tr.J

i,g

PrintedNameolBoffo\,\ret

M
sy: susA{ ABANTLLA
S,sr:#o*r

/46)

*
__,,r*N"^.

P'i,'t"d

N,-"

EM\4.\NuELy'oRRls.T_q)

"rg1,tl'"*46ffiURm;

(K*

i,i-I+'>. E
N9

291178'A

PROMISSORY NOTE

l'i

PN DATE I
MATURITY:

PN NO.

.:. ,.

FOR VALUE RECEIVED

represented herein by its

(P

,-.-

)(the "Loan/Line"),

on-.,.,:-...r--

20

-------:-:--

and / or in the

manner as follows:

together with interest on the outstanding balance thereof at the following rate:

()
()

ffiI"-"\rt,I

I@

percent

Fixed rate
payable

. .'

%) per annum

percentt--)%
exceedingF-- (--

of-

per annum for the current

INTEREST PERIOD. lnterest period shall mean the period commencing on the date of initial
borrowing and having a duration not
) days and each
similar period thereafter commencing upon the expiry of the immediately preceding lnterest
Period. The rate of interest shall be set at the start of every lnterest Period which shall be
indicated in the Statement ofAccount or other notices to be sent to the Borrower.
Rate

koai"c
\a h* -c/

\rrdl

Plus other Fees, as follows:

(%)
I

Yo)

R
..,

The Borrower hereby agrees that the rate of interest fixed herein may be increased or decreased if during
the term of the Loan/Line or in any renewal or extension or restructuring thereof,there are changes in the interest

rateprescribedbylawortheMonetaryBoardoftheBangkoSentralngPilipinasortherearechangeSinthe
Bank's overall cost of funding / maintaining the Loan/Line or intermediation on account or as a result of any
special reserve requirements, credit risk, collateral business, exchange rate fluctuations and changes in the

--

financial market. The Borrower shall be notified of the increase or decrease which shall take effect on the immediately
succeeding installment or amortization payment following such notice. Should there be a disagreement with the
interest adjustment, the Borrower shall so lnform the Bank in writing and, within 30 days from receipt of the
Bank's notice of interest adjustment, prepay the Loan/Line infull together with accrued interesl andall other
charges which may be due thereon except for prepayment penalty. lf the Borrower fails to prepay the Loan/Line <.--,t
as herein provided, the Bank may, at its option, consider the Loan/Line as due and demandable, unless advised (
bythe Borrower that he/it is agreeable to the adjusted interest rate. lf the Borrower fails to respond to the noticedL
within thirty (30) gays from receipt thereof, the Bank shall consider it as agreement by the Borrower to theJ r,
adjusted rate of interest.
Y
ln case the principal amount or the interest and other charges on the Loan/Line or any amount due on
their respective due date/s is/are not paid (including those that may be due by accelaration), the Borrower shall

of--ii--

t-

%)---"""""''

be charged with a penalty/ies at the rate

to accrue from the day immediately after the due date/s thereof.lt is understood that the basis for the computation
of the penalty charges shall be the total amount due and unpaid.

ln any event of default by the Borrower, the Bank may, at its option, declare the entire unpaid
- principal
ina fha a^^fl ra.l intaract
rll
navahla
Nnra tn ha f^rthwilh.ira rnd

6ffhal^ehll

r,
N9

LA-E

291178

'A

Page 2

ShouldthisNotebesignedbymorethanoneBorrower,theliabilityofallBorrowersunderthis
may' with the consent of the Bank' renew this
Note shall be joint and several. Anyone of the Borrowers
date/s hereof, for a portion or thewhole amount of
Note or extend the original o,. .ul."qr"n, maturity
the liability of the other Borrower/s shall
the principal without notice ,o otf''"tlt; and in such cases'
remalnjolntandseveral,eachoneof,theBorrowersherebyirrevocablyconstitutingandauthorlzinqthe
as his/its attorney-in fact for said purpose'

other

Bank' without needof notice-tothe

The Borrower hereby authorizes and empowers the
of the Borrower with the Bank or
assets
Borrower, to deduct ,et-off unJappiy any funds' securities -or
amounts due under this Note'
branches, on O eposit' oi'otnerwise, in reduction of
."v

"tltt

or any portion thereof after due date

Acceptance by the Bank of payment on the Loan/Line
p"vrnentthereof or amodification ofanyof theconditions
shall not beconsidered as extendin-g tIuitnl"ro|.
as a novation or amendment of the obliqations
hereof. Any interest rate ad.lustmelnt shall not be deemed
rights or remedies hereunder' The Co-maker'
of the Borrower under this *ot" ot p'"i'J't" the Bank's
and/or renewal or restructuring of this Note;
if any, hereby consents to O" Oouna OV any extenslon
the Borrower without notice oT consent'
as well as of the terms or paymlnt *i'itt' may be granted to
through an attorneY, the Borrower
Should it become necessary to collect this Note
to twenty percent (20olo) of the total
hereby expressty agrees to pay an amount equivalent,
exclusive of all costs and fees allowed bY law
amount due on this Note ua uni fot attorney's fees'
The Borrower hereby exPressly
and/or the Loan/Line Agreement executed in connection therewith' F)av.ro Citl
ruU*itt to the exclusive jurisdiction of the proper courts of
this Note
Philippines, in the event of litigation arising from
shall be declared by competent authority
In case any one oT more of the provisions in this Note
legality and enforceabiltiyof theother provisions
to be invatid,illegal or unenforceabi" in unyt"tp"tt, the
herein shall not in any way be affected or impaired thereby'
1-

ThisNoteshallbegovernedbytermsandconditionsoftherelatedLoan/creditLineAgreement
has been obtained ln
the Borrower ana ,"[t"i Ootu'ents under which the Loan/Line
of the
and the Loan/credit Agreement, the provision
case of conflict between the provisions of this Note
latter shall prevail
executed by

Eri\EI?Ifi=,'rRIEx aF

,!fiF.iEli.li EEiroEMlx

*{ECKERED MPC (8'qRC

&{rq

BORROWER
0i],'1&Y-'I13

Signature over Printed Name of

Authorized SiqnatorY

Signature Over Printed Name of

Authorized SignatorY

SIGNED

IN THE

PRESENCE OF:

6d^S
I A]\t] HINACAY

CHRlSlf ,{N HTIRVE} N. !\'ONC

!9LAitiE

*noroNK

oF THE PHtLtPPtNEs

DISCLOSURE STATEMENT

BENEFICIARIES OF AGRARIAN REFORM

tsorrower: ettgexgnre Mte (e,+ne i,tre)

PN No.
't

IN

ADDRESS:

pr,,ok

3,

rrb*.,*o1, po-"bn .,t],,

Davao del Norte

9643-511_6-0047-007

. Loan Granted

(A)

to be

Not deducted Deducted from

Proceeds
from

2. Finance Charges

proceeds

lrcm 7/2012016 lo

[
[{ Simple
[ ]Compound [

1/'16/2017

]MonthlY
]Quarterly

b. NonJnterest charge
c. Commitment Fee
d. Guarantee Fee
e. Other charges incidental to the
extension of credit (Specify)
(B)

3. Non-Finance Charges
a. lnsurance premium
b. TaxeS
c" Documentary Stamps

d. Notarial Fee
e. Others

(Specify)of loan

Total deductions from

5. Net proceeds of loan
.

al

o/o lor
days (mmputed based on the diminishing balance of the
7. Efrective interest rate
loan / has been
I has been deducted from the loan.
8. Schedule of payment

( )c.

r )
(

)
)

Unsecured
DAon IRAIPNTR
DA on lnventories

()
()

Real Estate (REM)

Chattels (CM)
REM with CM

()
()

Post-Dated Checks
AGFP Guarantee
PCIC lnsurance Cover

(
(

) Government Securities
) Others (Specify
61qT

rcXlOtteoer RECEIPT OF A COPY OF THIS STATEMENT PRIOR TO THt

CONSUMMATION OF THE CREDTT TRANSACTION AND THAT I UNDERSTANT
t

ANDT$Itrfl8fEhIft TdFIHII&OXTfiTDP6I{T}NHEREOF
Signature of Crpditor / Authorized
(Signatory Over Printed Name)

CHECKERED MPC (BARC MPC)

HEAD-DLC
ted Name of Authorized Signatory
20-J:ul--|6