REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This REAL ESTATE MORTGAGE made and executed by:

ARSENIA D. BAHILLO, of legal age, Filipino and a resident of

th
28 IB Upper Calarian, Zamboanga City, Philippines, hereinafter called
the MORTGAGOR in favor of MELBERTO R. CABATO, of legal age,
Filipino and a resident of 28 th IB Upper Calarian, Zamboanga City, ,
hereinafter called the MORTGAGEE

W I T N E S S E T H: that

The MORTGAGOR is the owner of a residential house located at

th
28 IB Upper Calarian, Zamboanga City, Philippines;

The MORTGAGOR obtained and received from the MORTGAGEE the

sum of FIFTY THOUSAND PESOS (P50, 000.00), Philippine
Currency, by way of loan payable in monthly basis in the amount of
TWO THOUSAND FIVE HUNDRED PESOS (P2, 500.00) per month,
for twelve (12) months or one (1) year commencing upon execution of
this contract, and to be paid without the necessity of further notice and
demand;

That as security for the prompt payment of the afore-mentioned

loan, the MORTGAGOR hereby transfer and convey unto the
MORTGAGEE, by way of REAL ESTATE MORTGAGE, his above-described
firearm which the MORTGAGOR hereby declare as free from all liens,
charges and encumbrances;

In case of non-payment or violation of the terms of this mortgage,

this mortgage shall immediately be foreclosed, judicially or extra-
judicially, as provided for by law, and the MORTGAGEE is hereby
appointed attorney-in-fact of the Mortgagors with full power and
authority to take possession of the mortgaged property without the
necessity of any judicial order or any other permission or power, and to
take any other legal action that may be necessary to satisfy the
mortgaged debt, and all expenses in this regard shall be repaid by the
MORTGAGOR and their payments secured likewise by this mortgage;

IN WITNESS WHEREOF, we have hereunto set our hands this 8

August 2018 in the City of Zamboanga, Philippines.

ARSENIA D. BAHILLO MELBERTO R. CABATO

Mortgagor Mortgagee
ID # RD12-e-86575 ID # RD10-E-39182

SIGNED IN THE PRESENCE OF: LALYN B. ZAMORA & AURORA G. CABATO

(Republic of the Philippines )
City of Zamboanga ) s.s
x. . . . . . . . . . . . . . . . . . . . . )

ACKNOWLEDGMENT

In the City of Zamboanga, Philippines, this 8 August 2018,

personally came and appeared before me the above-mentioned persons
at Zamboanga City; both known to me to be and to me known to be the
same persons who executed and signed the foregoing instrument and
they acknowledge to me that the same is of their own free and
voluntary act and deed.

This instrument consists of two (2) pages, including this page on

which this acknowledgment is written, signed by the PARTIES and their
instrumental witnesses on each and every page and sealed with my
Notarial Seal.

WITNESS MY HAND AND SEAL on the date and place first

above-written.

Doc. No. 141;

Page No. 029;
Book No. 150;
Series of 2018.
 AFFIDAVIT OF GOOD FAITH

We, the undersigned MORTGAGOR and MORTGAGEE, severally

swear that the foregoing Chattel Mortgage is made and executed for the
purpose of securing the obligation specified therein, and for no other
purpose, and that the same is a just and valid obligation, and one not
entered into for the purpose of fraud.

IN WITNESS WHEREOF, we have hereunto set our hands this 8

August 2018 in the City of Zamboanga, Philippines.

ARSENIA D. BAHILLO MELBERTO R. CABATO

Mortgagor Mortgagee
ID # RD12-e-86575 ID # RD10-E-39182

SIGNED IN THE PRESENCE OF: LALYN B. ZAMORA & AURORA G. CABATO

SUBSCRIBED AND SWORN to before me this 8 August 2018 in

the City of Zamboanga, Philippines.

Doc. No. 142;

Page No. 029;
Book No. 150;
Series of 2018.