Sie sind auf Seite 1von 14

Stella Mariz D.

De Larna
Contract Drafting- Assignment #3
Atty. Edmund Turqueza

DEED OF EXCHANGE OF REAL ESTATE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Exchange made and entered into by and between:

Jacob Buenaventura, of legal age, Filipino, single, and a resident of Costa Leona, Cebu
City, Philippines herein referred to as “FIRST PARTY”;

-and-

Roseanne Aranjuez, of legal age, Filipino, single, and a resident of Alegria, Cebu City,
Philippines herein referred to as “SECOND PARTY.”

WITNESSETH

WHEREAS, the FIRST PARTY is the true and registered owner of a motor vehicle,
covered by a Registration Certificate of Motor Vehicle No. 12307 registered in his name by the
Land Transportation Office, Cebu City on February 23, 2014, more particularly described as
follows:

TOYOTA INNOVA 2013 MODEL WITH PLATE NO. NDC 1880, MOTOR
NO. 4321 AND CHASSIS NO. 65432.

WHEREAS, the SECOND PARTY is the true and registered owner of a parcel of land
situated in Rodriguez, Rizal, Philippines covered by a Transfer Certificate of Title No. 84759 of
the Register of Deeds of Rizal, more particularly described as follows:

FOUR HUNDRED SQUARE METERS (400 SQ METERS). RESIDENTIAL


LOT LOCATED AT BRGY. SAN JOAQUIN, MUNICIPALITY OF
RODRIGUEZ, PROVINCE OF RIZAL, PHILIPPINES.

WHEREAS, the FIRST PARTY and the SECOND PARTY, have agreed to transfer and
convey by way of exchange the above described properties in favor of each other;

NOW THEREFORE, for and in consideration of the foregoing premises, the first party
hereby CEDES, TRANSFERS, AND CONVEYS BY WAY OF EXCHANGE, the motor vehicle
covered and described under Registration Certificate of Motor Vehicle No. 12307 by the Land
Transportation Office, including all the improvements thereon in favor of the SECOND PARTY
and in the same manner, the SECOND PARTY, CEDES, TRANSFERS, and CONVEYS BY
WAY OF EXCHANGE, the parcel of land covered and described under the Transfer Certificate
of Title No. 84759 of the Register of Deeds of Rizal, including all the improvements found and
standing thereon in favor of the first party.
IN WITNESS WHEREOF, we have hereunto set our hands, this 15th of July 2015, at
Cebu City, Philippines.

JACOB BUENAVENTURA ROSEANNE ARANJUEZ


First Party Second Party

SIGNED IN THE PRESENCE OF:

___________________ _____________________
Lucas Madrid Howard Dumlao

SUBSCRIBED AND SWORN before me this 15th day of July, 2015 in Cebu City.

ATTY. JUAN ALEXANDRO YUCHENGCO


NOTARY PUBLIC

Doc. No. 15
Page No. 3
Book No. 1
Series of 2015
EASEMENT OF RIGHT OF WAY

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT OF EASEMENT OF RIGHT OF WAY, entered into this 12th of


September, 2001 by:

PERCIVAL ARCHER RIEGO, of legal age, Filipino, single, and a resident of


Currimao, Ilocos Norte, Philippines, hereinafter referred to as the FIRST PARTY;

-and-

SUNNY DEL FIERRO, of legal age, Filipino, single, and a resident of Batac City,
Ilocos Norte, Philippines, hereinafter referred to as the SECOND PARTY.

WITNESSETH

WHEREAS, the FIRST PARTY is the true and owner of a certain parcel of land, more
particularly described as follows:

A parcel of land (Lot 7 Blk. 5 of the consolidated plan Pcs-11-003850) being a


portion of Lot 4-B, Psd-11-087314 & Lot 1,2,3 Pcs 112319-001359, situated at
Paoay, Ilocos Norte.

WHEREAS, the SECOND PARTY is the true and registered owner of a certain parcel
of land, more particularly described as follows:

A parcel of land (Lot 25 Blk. 1 of the consolidated plan Pcs-10-002860) being a


portion of Lot 3-B, Psd-09-085314 & Lot 1,2,3 Pcs 113319-001459, situated at
Paoay, Ilocos Norte.

WHEREAS, the above-described parcel of land belonging to the SECOND PARTY is


surrounded by other parcels of land, including that belonging to the FIRST PARTY, and has no
adequate outlet to a public highway.

WHEREAS, the SECOND PARTY has asked for a right of way passing traversing to
the above-described parcel of land belonging to the FIRST PARTY, and the FIRST PARTY is
willing and able to provide and grant a perpetual easement of right-of-way in favor of the
SECOND PARTY on the road described and marked in the Lot Plan herein described and
hereto attached as Annex “A” subject to the terms and conditions herein agreed upon.

NOW, THEREFORE, for and in consideration of the sum of TWO HUNDRED


THOUSAND PESOS (Php 200,000.00), the receipt of which is hereby acknowledged by the
FIRST PARTY to his full and complete satisfaction, the FIRST PARTY, for itself and in behalf
of heirs, assigns, and successor-in-interests, by these presents, hereby grants unto and in favor of
the SECOND PARTY, his heirs, assigns, and successor-in-interests, a permanent and perpetual
easement on his property of the aforedescribed roadway, equivalent to an area and found in the
technical description of the lot hereto attached as Annex “A” and made integral part of this
agreement. The FIRST PARTY, his heirs, assigns, and successor-in-interests undertake not to
commit any act as would impede the flow of pedestrian and vehicle traffic on the said roadway.

The FIRST PARTY hereby authorizes the Office of the Register of Deeds of Batac City,
Ilocos Norte to annotate this agreement at the back of the Transfer of Certificate of Title No.
1111111 aforedescribed as a perpetual lien of the real property described therein.

IN WITNESS WHEREOF, the parties have hereunto their signatures this 13th day of
September 2001 at Batac City, Ilocos Norte, Philippines.

Signed in the Presence of:

________________________ ________________________

ACKNOWLEDGMENT

Republic of the Philippines)


City of Davao )S.S.
x------------------------------x

BEFORE ME, a Notary Public for and in Batac City, personally appeared, PERCIVAL
ARCHER RIEGO with TCT No. T-2050 and SUNNY DEL FIERRO with TCT No. T-
3333, this 13th day of September 2001.

Known to me to be the same person/s who executed the foregoing instrument and
acknowledged to me that the same is their true and voluntary act and deed that of the
corporation they represent.

This instrument contains 2 pages including this page wherein the acknowledgment is
written and duly signed by the parties and their instrument witnesses on each and every page
hereof.

WITNESS MY HAND AND SEAL on the day and place first above mentioned.

Doc. No. 111


Page No. 60
Book No. 12
Series of 2001
CONTRACT OF SALE OF SUBDIVISION PROPERTY

KNOW ALL MEN BY THESE PRESENTS:

This agreement executed and entered into this 6th day of March by and between:

LALALAND, INC., a domestic corporation duly organized and existing under


Philippine Laws, with office address at BTS Group Bldg., San Pedro Street, Davao City,
represented by its President and CEO, Ma Alala, herein referred to as the
PACKAGE/DEVELOPER.

-and-

LOGAN DEL FIERRO, of legal age, Filipino, single, a resident of Brgy. 2, Hilario,
Davao City, herein referred to as the BUYER.

WITNESSETH

For and in consideration of each of the terms and conditions stipulated hereunder which
the BUYER has promised to pay in the specified herein, the PACKAGE/DEVELOPER has
agreed and contracted to sell to the BUYER (who in return accepted to buy) a lot, referred to
herein as the UNIT, covered and embraced by Transfer Certificate of Title (TCT) No. T-2342 of
the Registry of Deeds of Davao City, being a portion of Brgy. 13, Saniata, Davao City containing
a lot area of FIVE HUNDRED SQUARE METERS more or less.

THE TERMS AND OTHER CONSIDERATIONS of this agreement are as follows:

1. COST OF THE UNIT:


TOTAL CONTRACT PRICE:

1.1 Consideration. The BUYER hereby agrees to pay the purchase price of ONE
MILLION PESOS (Php 1,000,000.00) Philippine Currency at the office of the seller
at BTS Group Bldg., San Pedro Street, Davao City and without necessity of demand
or the service of a collector.

1.2 The sum of FIFTY THOUSAND PESOS (Php 50, 000.00) Philippine currency as
deposit or reservation fee upon execution of this contract and

2. DOWNPAYMENT. The BUYER shall make a down-payment of ONE HUNDRED


THOUSAND PESOS (Php 100,000.00) Philippine currency shall be paid by the
BUYER starting on April 6, 2017 at LALALAND, INC.,

3. BALANCE. The Balance of NINE HUNDRED FIFTY THOUSAND PESOS (Php


950,000.00) Philippine currency shall be paid by the buyer in SIXTY (60) MONTHS
consecutive equal monthly installments starting on June 6, 2017 at TWENTY
THOUSAND PESOS (Php 20,000.00) per installment including interest at the rate of
FOUR (4%) PERCENT per annum.
That all payments in favor of the PACKAGE/DEVELOPER shall be made by the
BUYER to the Package/Developer at the address stated above without the necessity of any
judicial or extra judicial demand.

The PACKAGE/DEVELOPER will employ no collector and that only official receipt
duly signed by the PACKAGE/DEVELOPER or its authorized representative will recognized
as valid binding.

4. AUTOMATIC CANCELLATION FOR FAILURE OF THE BUYER TO PAY


ANY MONTHLY INSTALLMENT TOGETHER WITH INTEREST, TAXES AND
ASSESSMENT AND/OR VIOLATION OF OTHER TERMS AND CONDITIONS
OF THIS AGREEMENT: In the event of default on the part of the BUYER to pay three
(3) cumulative monthly installment of the violation of any provision without effecting
any corrective measure within 30 days from notice to that effect, the
PACKAGE/DEVELOPER shall have the consider this agreement AUTOMATICALLY
CANCELLED and all payments made by the BUYER under this agreement shall be
forfeited in favor of the PACKAGE/DEVELOPER without prejudice to any appropriate
action in court for damages otherwise.

5. WITHDRAWAL: In the event that the BUYER withdraws from this contract the right
to forfeit any and all payments the BUYER may have made necessary of notice.

6. POSSESSIONS: Only the BUYER upon compliance of all of the conditions stipulated
herein is allowed to enter into and take possession of the unit.

7. RIGHT OF INSPECTION AND TO DO NECESSARY WORKS: The BUYER


agrees that the Authorized representative of the PACKAGE/DEVELOPER by the way of
written notice shall have the right to enter the property at anytime for purposes of
inspection, measurement, relocation, survey, laying monuments, or of the necessary lines
for water, gas, electric power, telephone and other public services to undertake works, of
whatever nature of the general interest of the PACKAGE/DEVELOPER.

8. RESTRICTIONS. The sale of the PROPERTY is subject to the following deed of


restriction and such further or additional restrictions and or easement, servitude or
resolutions as the ASSOCIATION may from time to time adopt;

a. The unit shall not be used for illegal or immoral activity which will disturb the
peace or create nuisance in the neighborhood.
b. The BUYER must at all times keep his/her unit(s) / lot(s) in a sanitary condition
and must be free from overgrowth of cogon, talahib, or other wild vegetation and
trash which may become fire hazard, a place of concealment or a nuisance.
Should the BUYER fail to remove said nuisance the same shall be removed by the
PACKAGE/DEVELOPER or the ASSOCIATION, at the expense of the BUYER.
c. Lot(s) shall not be as access to other subdivisions. Similarly, unless otherwise.

The BUYER further agrees to confirm the location of each monument indicating the
boundaries of the lot with the PACKAGE/DEVELOPER or with the ASSOCIATION
after the SUBDIVISION has been turned-over, before constructing any wall or before
erection of additional structure or building on the slot. Should the BUYER put up a fence
or extension without consulting the PACKAGE/DEVELOPER or the ASSOCIATION, as
the case may be, and there is encroachment on adjacent lots, or a violation of the National
Building Code of the Philippines, the BUYER agrees to demolish the structure
encroaching on the adjacent lot at his expense within one (1) week from receipt of written
notice that there has been an encroachment on the adjacent lot. Otherwise the
PACKAGE/DEVELOPER or the ASSOCIATION, as the case may be, shall be free to
have the encroachment demolished, or violation/rectified at the expense of the BUYER.

9. OWNERSHIP: Ownership over said unit shall remain with the


PACKAGE/DEVELOPER and upon complete payment by the BUYER of all obligations
herein stipulated, the PACKAGE/DEVELOPER shall execute DEED OF SALE in favor
of the BUYER and the issuance of the Certificate of Title in his name, free from liens and
encumbrances except those as may be provided by law.

10. REALITY TAX AND ASSESSMENT: The PACKAGE/DEVELOPER agrees to pay


the estate tax and assessment of the unit for as long as the Possession of the unit has not
passed to the BUYER. Provided, however, that if the BUYER has received the permit to
Occupy (PTO), he shall be liable for such taxes and assessment effective the day of such
receipt of PTO.

11. EXPENSE OF REGISTRATION: The BUYER shall pay for the


PACKAGE/DEVELOPER in the amount of FIVE THOUSAND PESOS (Php 5,000.00)
only over and above of the Package Price to cover the cost of documentary stamps,
transfer fees, and notarial fees of the final Deed of Sale, registration fees for such deeds
and all other incidental expenses in connection with the issuance of new title over the unit
in the name of the BUYER payable immediately for Spot Cash and Bank and or Pag-Ibig
financing. For in-house financing buyers, the amount may be paid within the agreed
payment terms or at the end of the agreed payment terms.

12. TRANSFER OR RIGHTS. The VENDEE, prior to the final execution of the deed of
sale, agrees not to sell, code, encumber, transfer or in any manner dispose of his/her
rights and obligations under this agreement without the written consent of the
PACKAGE/DEVELOPER nor lease or sub-lease the same or give possession thereof to
any party whomsoever.

13. SEPARABILITY CLAUSE. The BUYER hereby represents that this entire agreement
had been read and/or translated to him in the language or dialect known and understood
by him. Should any provision of this contract be declared by the Court null and void, the
nullity shall not affect the validity of this transaction or any provision which shall then be
considered as valid and binding by both the parties herein.

14. VENUE. Should litigation prosper between the parties herein for any claim or clause of
action from or by reason of this contract, the exclusive court shall be appropriate court of
Davao City.
IN WITNESS WHEREOF, the parties hereto affixed their signatures this 6th day of
March 2017 at Davao City, Philippines.

LALALAND, INC. LOGAN DEL FIERRO


Package/Developer Buyer
By:

MA ALALA
President/CEO

WITNESSES

Annie Lao Nhalla Tabinas


Agent/Broker

ACKNOWLEDGMENT

Republic of the Philippines)


City of Davao )S.S.
x------------------------------x

BEFORE ME, a Notary Public for and in Davao City, personally appeared, MA
ALALA with TCT No. T-2342 and LOGAN DEL FIERRO, this 6th day of March, 2017.

Known to me to be the same person/s who executed the foregoing instrument and
acknowledged to me that the same is their true and voluntary act and deed that of the
corporation they represent.

This instrument refers to a Contract of Sale, contains 4 pages including this page wherein
the acknowledgment is written and duly signed by the parties and their instrument witnesses
on each and every page hereof.

WITNESS MY HAND AND SEAL on the day and place first above mentioned.

ATTY. MAVEN GOMEZ DE LIAÑO


Notary Public
Until December 31, 2017
Roll No.: 82714
IBP No. 631820, March 6, 2017, Davao City
PTR No. 080324 March 6, 2017, Davao City
TIN: 290-937-407 March 6, 2017

Doc. No. 200


Page No. 50
Book No. 13
Series of 2017
EXTRAJUDICIAL DEED OF PARTITION

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT OF PARTITION entered into by and between:

KNOXX MONTEFALCO, of legal age, Filipino, single, with residence and


postal address at 1332 Costa Leona St., Bukana, Iloilo City, Philippines; and

TROYE EZEKIEL SALAZAR, of legal age, Filipino, single, with residence


and postal address at 211 Sta. Ana St., Bukana, Iloilo City, Philippines.

WITNESSETH

THAT the Parties herein are the co-owners of the parcel of land described in
Transfer Certificate of Title No. 4112 of the Registry of Deeds of Iloilo City, more
particularly described as follows:

Beginning at a point marked “1” on plan of Ts-V-941-D, N. 49-38’E., 314.70 m.


from Triangulation Station Iloilo Townsite; thence N. 34-00 E., 40.00 m. to point 2; S.
56-00’E., 17.00 m. to point 3; thence to S. 23-30’E, 12.00m to point 4; S. 13-00’W.,
35.94 m. to point 5; N 56-00’W m. to point 1, point of beginning.

Containing an area of ONE THOUSAND FOU HUNDRED (1,400) SQUARE


METERS.

All points referred to are indicated on the plan and are marked on the ground by
PLS.cys.conc.mons.

Bounded on the NW., along line 1-2 by Public Land (Lot 1 Block 3, Dona Josefa
Subdivision); on the NE., and E., along lines 2-3-4 by Road; and on the SW, along 5-1 by
Public Land (Lot 3, Block 4, Dona Josefa Subdivision).

This survey was executed under authority of Chapter XI, Commonwealth Act
141, as amended, and in accordance with existing regulations of the Bureau of Lands,
Regie Andrei Lastimosa, Deputy Public Land Surveyor, on May 28, 2009 and approved
on November 8, 2009.

THAT the said Parties have caused the subdivision of the aforesaid parcel of land
into two (2) lots, each having an area of SEVEN HUNDRED (700), SQUARE
METERS more particularly described as Lots 1 and 2 in the subdivision plan )LRC)
PSD-4829882 which was duly approved by the Land Registration Commissioner, to writ;

Lot 1 (LRC) Psd-4829882

A parcel of land (Lot 1 of the Subdivision plan (LRC) Psd- 4829882 being a portion of
the parcel of land described on TS-V-542-C, LRC Rec. T.S. Sales Pat.) situated in the
Res. Sec. “B”, City of Iloilo. Bounded on the SE., points 2 to 5 by Subdivision Road
(10.00 m. wide); on the SW., points 5 to 1 by Lot 2, of the Subdivision Plan; and on the
nw., points 1 to 2 by lot 1 Block 4. Beginning at a point marked “1” on Plan. This
containing an area of SEVEN HUNDRED (700) SQUARE METERS, more or less.

Lot 2 (LRC) Psd-4829882

A parcel of land (Lot 1 of the Subdivision plan (LRC) Psd-4829882 being


a portion of the parcel of land described on TS-V-542-C, LRC Rec. T.S Sales Pat.)
situated in the Res. Sec. “B”, City of Iloilo. Bounded on the SE., points 2 to 3 by
Subdivision Road (10.00 m. wide); on the SW., points 3 to 1 by Lot 3, Block 4; and on
the NW., points 1 to 1 by Lot 1 of the Subdivision Plan. This containing SEVEN
HUNDRED (700) SQUARE METERS, more or less.

THAT the above Parties have agreed and covenanted, as by these Presents, do
hereby agree and covenant that Lot 1 as above described shall appertain and belong to
KNOXX MONTEFALCO, his heirs and assigns, and that Lot 2 as likewise above
described, shall appertain and belong to TROYE EZEKIEL SALAZAR, his heirs and
assigns.

NOW THEREFORE, for and in consideration of the above agreement, the


Parties herein shall have the Transfer Certificate of Title No. T-3805 CANCELLED by
the Register of Deeds of Iloilo City, and in lieu thereof to ISSUE TWO (2) new
certificates of title for the two lots in favor of the two owners, respectively.

IN WITNESS WHEREOF, the Parties hereto set their hands below, this 28th day
of August 2009, in the City of Iloilo, Philippines.

(Sgd.) KNOXX MONTEFALCO

(Sgd.) TROYE EZEKIEL SALAZAR

In the presence of:

(Sgd.) PABLO HIDALGO (Sgd.) LAUREN UY


ACKNOWLEDGMENT

Republic of the Philippines)


City of Iloilo ) SS.
x------------------------------x

BEFORE ME, a Notary Public for and in the City of Iloilo, Philippines
personally appeared the following with their residence certificate Nos., KNOXX
MONTEFALCO, CTC No. 72294, issued at Iloilo City on august 5, 2009 and TROYE
EZKIEL SALAZAR, CTC No. 67542, issued at Iloilo City on August 18, 2009, known
to me and to me known to be the same persons who executed the foregoing instrument
and they acknowledge that the same is free and voluntary act and deed.

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

(Sgd.) ATTY. RIGUEL ALLEJO


NOTARY PUBLIC
Until December 31, 2009
P.T.R. No. 765532
January 3, 2008

Doc. No. 234


Page No. 85
Book No. 57
Series of 2009
REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This MORTGAGE made and executed by:

BRANDON ROCKWELL, of legal age, Filipino, single, and a resident of Blk 1, Lot 25,
Grandville Subdivision, Malagasang 2-B, Imus, Cavite, herein called the Mortgagor;

-and-

RAGE DEL FIERRO, of legal age, Filipino, single, and a resident of Blk1, Lot 2,
Casimiro Weatville Home, Ligas 3, Bacoor City, Cavite, herein called the MORTGAGEE.

WITNESSETH

1. That as security for the payment of the loan in the principal sum of Five Hundred
Thousand Pesos (Php 500, 000.00), and such other loans or advances already
obtained, or still to be obtained by the MORTGAGOR(s) as MAKER(s), CO-
MAKER(s), or GUARANTOR(s) from the MORTGAGEE plus interest at the rate of
4% per month, payable on the dates mentioned in the corresponding loan agreement,
the MORTGAGOR(s) by way of first mortgage, mortgages the parcel(s) of the land
described hereunder, together with the improvements now existing, or which may
hereafter be made thereon, of which MORTGAGOR(s) represents and warrants the
MORTGAGOR(s) is/are absolute owner(s) and that the said parcel of land is/are free
from all liens and encumbrances. The MORTGAGOR hereby transfer and convey by
way of mortgage unto the MORTGAGEE, their heirs, successors, executors,
administrators or assigns the following parcel of land covered by and described in
Transfer Certificate of Title No. 1234 issued by the Office of the Registry of Deeds
of Bacoor City, Cavite which title is attached hereunto as Annex 1.

2. That if the obligations herein secure, of any of the amortization of such indebtedness
should be unpaid when due or upon non-compliance with any of the conditions and
stipulations herein agreed, or if the MORTGAGOR or the person availing of the
credit accommodations herein secured shall, during the time the mortgagee is in
force, instituted insolvency proceedings or be involuntarily declared insolvent, or if
the proceeds of this loan/credit line should be used or applied for purposes other than
those specified therein, or of this mortgagee cannot be recorded in the corresponding
Registry of Deeds, then all the obligations secured by this mortgagee and all
amortization thereof shall immediately become due, payable and defaulted and the
MORTGAGEE may immediately foreclose this extrajudicially in accordance with
Act No. 3135, as amended, and for the purpose, the Mortgagor hereby names,
constitutes and appoints the Mortgagee as such attorney-in-fact with the same powers
as above-specified. In case of judicial foreclosure the MORTGAGOR hereby
consents to the appointment of the MORTGAGEE, and/or its duly authorized
representative or of any of its designates as receiver, without any bond, to take charge
of the mortgage property at once, and to hold possession of the same and the rents,
benefits and profits derived from the mortgaged property before the same, less the
costs and expenses of the receivership; the MORTGAGOR hereby agrees further that,
in all cases, attorney’s fees is hereby fixed at 25% of the total indebtedness then
unpaid, which in no case shall not be less than Php 5, 000.00 exclusive of all cost and
fees allowed by law, and the expenses of collection shall be the obligation of the
MORTGAGOR and shall with priority, be paid to the MORTGAGEE out of any
sums realized from the sale of the said property and this mortgage shall likewise stand
as security therefor. It is hereby agreed that the period or periods granted for the
payment of the amortization and/or obligation secured by this mortgage is for the
mutual benefit of both MORTGAGOR and MORTGAGEE. The MORTGAGOR
may be the bidder at the sale of the properties hereby mortgage to it, whether under
foreclosure proceedings, or under the powers of sale herein provided, or otherwise.
The remedy of the MORTGAGEE under the powers of sale hereby conferred upon it
shall be, and is in addition to and cumulative with such right of action as the
MORTGAGEE may have in accordance with the present or any future laws of the
Philippines. It is hereby agreed that in the case of foreclosure of this mortgage under
Act No. 3135, the auction sale shall be held at the capital province; and in case of
judicial execution of this obligation or any part of it, the debtor waive all their rights
under the provisions of Rule 39 Section 12 of the Rules of Court, Art. 232 of the
Republic Act No. 386, known as the Civil Code of the Philippines, and the proper
venue of the foreclosure suit thereto corresponding, where the mortgagee may
institute the foreclosure suit is the Court of First Instance now Regional Trial Court of
Cavite or elsewhere at the election of said MORTGAGEE;

3. It is of the essence of this contract that if the MORTGAGOR fails to pay the principal
obligation then this mortgage shall be foreclosed and the above-mentioned
property/ies shall be sold in accordance with law; but, if the MORTGAGOR paid said
obligation together with the interests, then this mortgage shall become null and void
and of no effect.

IT WITNESS WHEREOF, we have hereunto set our hands this December 10, 2015 at
Cavite, Philippines.

BRANDON ROCKWELL RAGE DEL FIERRO


Mortgagor Mortgagee

Signed in the Presence of:

_____________________ _____________________
Ace Paiz Anthony Pascual
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


CAVITE )SS.
X---------------------------------------X

BEFORE ME, a Notary Public for Imus, Cavite this 10th of December 2015 personally
appeared BRANDON ROCKWELL with ID Number 00000000000 and RAGE DEL
FIERRO with ID Number 11111111111.

All known to me and to me known to be the same persons who executed the foregoing
real estate mortgage and who acknowledge the same to be their free voluntary act and deed, and
that of the entities represented.

This document refers to a loan agreement which consists of three (3) pages including this
page on which this Acknowledgement is written, and duly signed by the parties together with
their instrumental witnesses on each and every page hereof.

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

Doc. No. 123


Page No. 33
Book No. 12
Series of 2015