Sie sind auf Seite 1von 1

MORTGAGE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

I, ALBINO LOPEZ GORTIA, of legal age, Filipino, married to TERESITA DAGOHOY


GORTIA, and a resident of Farm 3, Dapco, Panabo City, Davao del Norte, hereby declare and
manifest that:

1. I am the guarantee/awardee of a parcel land situated at Farm 3, Dapco, Panabo City,


Davao del Norte, containing an area of 10,000 square meters, more or less;
2. I hereby acknowledge to have obtained a loan from DEXTER CAJULAO CASTILLO
(MORTGAGEE from hereon), of legal age, Filipino, married, and a resident of Farm 2,
Dapco, Panabo City, Davao del Norte in the amount of ₱180,000.00, Philippine
Currency;
3. To secure payment of the aforesaid obligation, I hereby offer as security the land stated
above and hereby mortgage the same unto and in favor of the said MORTGAGEE, his
heirs, assigns and successors;
4. The MORTGAGEE shall take possession of the aforesaid mortgaged area and shall enjoy
all the fruits thereon without obligation to account;
5. Only upon expiration of this mortgage, more particularly on April 10, 2024, the
MORTGAGEE shall return the possession of the said land without further need to
account and without further demand for redemption or repayment.

IN WITNESS WHEREOF, the parties hereto have signed this instrument this
________________ at Panabo City, Davao del Norte.

ALBINO LOPEZ GORTIA DEXTER CAJULAO CASTILLO


Mortgagor Mortgagee
PhilHealth No. 16-050061982-9 SSS ID No. 09-1271586-5

Conforme:

AISA D. GORTIA
Daughter

Republic of the Philippines }


Province of Davao del Norte }s.s.
City of Panabo }

ACKNOWLEDGEMENT

BEFORE ME, a Notary Public for and in the City of Panabo, Davao del Norte, Philippines, this
___________________, personally appeared the above-named persons with their respective valid ID written below
their names, all known to me to be the same persons who executed and signed the foregoing instrument and
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND SEAL at the place and on the date first herein above written.

Doc. No.: ____;


Page No.: ____;
Book No.: ____;
Series of 2018.