REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This REAL ESTATE MORTGAGE executed on ______________, by

and between:

____________________________ of legal age, Filipino, widow and

a resident of _________________________________________
hereinafter referred and known to as the MORTGAGOR;

-in favor of-

_____________________________ , a resident of
___________________________________ , MORTGAGEE.

WITNESSETH:

That MORTGAGOR is the registered owner of a parcel of land

covered by TCT No. 146-2015002095 situated in
_______________________________ bounded and described as follows:

“ xxxxxxxxxxxxxx ”

That the MORTGAGOR does hereby convey by way of real estate

mortgage unto the MORTGAGEE the said real property and all its
improvement;

That this mortgage is given as security for the loan of the

MORTGAGOR to the MORTGAGEE as embodied in that certain promissory
note executed on ___________ by the MORTGAGOR in favor of the
MORTGAGEE, for the sum of TWO MILLION PESOS (PHP 2,000,000.00) PESOS,
which sum the MORTGAGOR acknowledges to be her indebtedness to the
MORTGAGEE. The said promissory note is herein incorporated as Annex “A”
by reference and made a part hereof.

That the condition of this REAL ESTATE MORTGAGE is such that if the
said MORTGAGOR, her heirs, executors, or administrators shall and will truly
perform the full obligation above stated according to the terms thereof,
then this REAL ESTATE MORTGAGE shall be null and void; otherwise, I hereby
agree that herein MORTGAGEE shall proceed to extrajudicially foreclose
upon the real properties above described and is hereby appointed as the
Attorney-in-Fact of the MORTGAGOR with irrevocable powers, among
other things, to take possession of the mortgaged properties, to collect the
fruits, rents and income therefrom, and to sell the mortgaged properties at
a public auction in accordance with the procedure prescribed in Act 3315,
as amended by Act 4118, for the satisfaction of all the obligations secured
by this mortgage. Including a reasonable attorney’s fees for the
enforcement thereof, and liquidated in the sum equivalent to 25% of all
such obligations as may be then due and outstanding, apart from costs
and legal expenses prescribed by the Rules of Court on the matter.

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 IN WITNESS WHEREOF, the parties have hereunto affixed their
signatures this ___________ at Tagum City, Davao del Norte, Philippines.

____________________________
Mortgagor
FIRE ARMS LICENSE NO. _____________

___________________________ ___________________
Mortgagee Mortgagee
_____________________________ ________________________

Signed in the Presence of:

______________________________ and _______________________________

REPUBLIC OF THE PHILIPPINES )

PROVINCE OF DAVAO DEL NORTE) S.s.
City of Tagum )
X - - - - - - - - - - - - - - - - - - -- - - - - X

BEFORE ME, a Notary Public for and in the Province of Davao del
Norte, this _______________ at Tagum City, Davao del Norte, Philippines,
personally appeared the following persons, to wit;

PARTIES VALID ID NO.

known to me and to me known to be the same persons who executed the

foregoing REAL ESTATE MORTGAGE and that they acknowledged to me
that the same is their free act and voluntary deed.

This document consisting of THREE (3) useful pages including this

page wherein this acknowledgement is written was signed by the parties
together with their instrumental witnesses on each and every page hereof.

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

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