DEED OF REAL ESTAGE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This contract of REAL ESTATE MORTGAGE made and
executed by ALLAN PEREZ, Filipino, of legal age, married to
___________, with residence and postal address at _________,
hereinafter called and referred to as MORTGAGOR, in favor of
ABC BANK, a banking institution duly organized and existing
under Philippine laws, with principal office at ______________,
represented herein by its authorized officer,______________,
hereinafter referred to as the MORTGAGEE.
WITNESSETH:
THAT the mortgagor is the true, lawful and registered
owner of a parcel of land together with all the improvements
therein, covered by and registered under Transfer Certificate
Title No, TCT No. T-998877 of the Register of Deeds of the
residential property, and which property is particularly
described as follows:
A residential property with an area of FIVE HUNDRED
SQUARE METERS (500 sq.m.), more or less, covered by
Transfer Certificate of Title (TCT) No. T-998877, situated in
Province of Laguna, to secure the payment of the said loan and
all other obligations of the MORTGAGOR to the MORTGAGEE.
TERMS AND CONDITIONS:
1. Loan Amount: The MORTGAGEE extends a loan to the
MORTGAGOR in the amount of Php1,000,000.00.
2. Purpose: The loan is for business purposes.
3. Interest: The loan shall bear interest at the rate of [insert
interest rate] per annum, payable as agreed by the parties.
4. Term: The loan shall be payable within a period of [insert
term, e.g., 5 years], with monthly installments as agreed.
5. Payment: The MORTGAGOR shall make payments in
accordance with the terms set forth in the promissory note
or loan agreement.
6. Default: In case of default in the payment of any
installment or any other obligation herein, the
MORTGAGEE shall have the right to foreclose this
mortgage in accordance with law.
7. Insurance: The MORTGAGOR shall insure the property
against fire and other risks, with the MORTGAGEE as
beneficiary, for the duration of the mortgage.
8. Taxes and Expenses: The MORTGAGOR shall pay all
taxes, assessments, and other charges on the property
during the term of this mortgage.
9. Redemption: Upon full payment of the loan and all
obligations, the MORTGAGEE shall execute a deed of
release of mortgage.
IN WITNESS WHEREOF, the parties have hereunto set their
hands on the date and place first above written.
MORTGAGOR: MORTGAGEE:
ALLAN PEREZ ABC BANK
By:
SIGNED IN THE PRESENCE OF:
_________________________ ___________________________
ACKNOWLEDGEMENT
Republic of the Philippines)
_______ City/Municipality) S.S.
BEFORE ME, a Notary Public in and for the above
jurisdiction on the ________________, personally appeared:
Competent Evidence of Identity
Name Type of ID ID Number
Known to me and to me known to be the same persons
who executed the foregoing Contract of Lease, consisting of
three (3) pages including this page wherein the
acknowledgement is written has been signed by the parties and
their instrumental witnesses on each and every page thereof.
WITNESS MY HAND AND SEAL on the date and at the
place first above written.
Doc. № ;
Page № ;
Book № ;
Series of 2025.
