CONTRACT OF MORTGAGE

This Mortgage is made by JAPETH AGUILAR, an individual with an address

of 576 Trapiche 3 Tanauan City, Batangas, being married, ("Mortgagor"), to JANA
AGUILAR, an individual with an address of 37 Barangay Trese Tanauan City,
Batangas, ("Mortgagee").
Mortgagor is indebted to Mortgagee in the principal sum of P 1,000,000, with
interest at the rate of 5 percent per year, payable as provided in a certain promissory
note dated August 17, 2012. The terms and conditions of such promissory note are
incorporated herein by reference.
Therefore, to secure the payment of the above indebtedness, Mortgagor hereby
mortgages and conveys to Mortgagee all the following real estate:
Subject to all valid easements, rights of way, covenants, conditions, reservations
and restrictions of record, if any.
To have and to hold the same, together with all the buildings, improvements and
appurtenances belonging thereto, if any, to the Mortgagee and Mortgagee's heirs,
successors and assigns forever.
Mortgagor covenants with Mortgagee that:
1. Mortgagor will promptly pay the above indebtedness when due;
2. Mortgagor will promptly pay and discharge all real estate taxes, assessments and
charges assessed upon the property when due, and in default thereof, Mortgagee may
pay the same and such amounts will also be secured by this Mortgage;
3. Mortgagor will keep the buildings and improvements on the property, if any,
insured against loss by fire and other casualty in the name of Mortgagee in such an
amount and with such company as shall be acceptable to Mortgagee, and in default
thereof, Mortgagee may effect such insurance and such amounts will also be secured
by this Mortgage;
4. Mortgagor will neither make nor permit any waste upon the property and will
maintain the property and any improvements in good repair;
5. Mortgagor will not remove or demolish any building or improvement on the
property without the consent of Mortgagee;

6. If Mortgagor shall sell, convey or transfer, voluntarily or involuntarily, all or any

interest in the above property, Mortgagee may, at its option, declare the entire
indebtedness secured hereby to be immediately due and payable;
7. Mortgagor hereby assigns to Mortgagee all rents and profits of the property, if
any, as additional security for the above indebtedness;
8. Mortgagee shall be entitled to the appointment of a receiver in any action to
foreclose this Mortgage; and
9. Mortgagor will warrant and defend the title to the property against the lawful
claims and demands of all persons.
If any payment required under such promissory note is not paid when due, or if
default shall be made by Mortgagor in the performance of any agreement, term or
condition of this Mortgage or such promissory note , Mortgagee may, at its option,
declare the entire indebtedness secured hereby to be immediately due and payable and
may enforce payment of such indebtedness by foreclosure of this Mortgage or
otherwise, in the manner provided by law. Mortgagor shall pay all costs and expenses,
including reasonable attorney's fees, incurred by Mortgagee by reason of Mortgagor's
default.
Provided, however, that if Mortgagor shall pay the above indebtedness and
faithfully perform all agreements, terms and conditions of this Mortgage and
such promissory note , then this Mortgage shall be null and void.
The rights and remedies of Mortgagee herein are cumulative, not exclusive, and are
in addition to all other rights and remedies available to Mortgagee at law or equity.
Failure of Mortgagee to exercise any right or remedy at any time shall not be a waiver
of the right to exercise any right or remedy on any future occasion.
If any provision of this Mortgage shall be invalid or unenforceable, the remaining
provisions shall remain in full force and effect.
I, JAPETH AGUILAR, of 576 Trapiche 3 Tanauan City Batangas, spouse
of JANA AGUILAR in consideration of the above sum and other good and valuable
consideration received, do hereby waive and release to Mortgagee all rights of dower,
curtesy, homestead, community property, and all other right, title and interest, if any,
in and to the above property.

This Mortgage is made upon the STATUTORY CONDITION, for any breach of
which Mortgagee will have the STATUTORY POWER OF SALE, if existing under
applicable law.

IN WITNESS WHEREOF, this Mortgage is executed under seal on

the ___________day of_________________, 19_____.

Signed, sealed and delivered

in the presence of:
______________________________

____________________________(Seal)

(Signature of witness)
proper

[list name of person(s) mortgaging the

STATE OF _____________________

COUNTY OF ____________________

In _______________, on the _____________ day of ____________, 19___, before

me, a Notary Public in and for the above state and county, personally, known to me or
proved to be the person named in and who executed the foregoing instrument, and
being first duly sworn, such person acknowledged that he or she executed said
instrument for the purposes therein contained as his or her free and voluntary act and
deed.

_______________________________
NOTARY PUBLIC

My Commission Expires: ________

(SEAL)

This Mortgage was prepared by:__________________________________

____________________________________________________________________.
After recording, return to:____________________________________

____________________________________________________________________.

(Real Estate Mortgage Without Separate Promissory Note)

REAL ESTATE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This Real Estate Mortgage, made by and between:
JAMES YAP, of legal age, single, and a resident of 123 Brgy. Darasa Tanauan City, Batangas,
Philippines (hereinafter known as the MORTGAGOR);
- and MARK CAGUIOA, of legal age, single, and a resident of 456 Trapiche Tanauan City, Batangas,
Philippines (hereinafter known as the MORTGAGEE);
WITNESSETH; That:
The MORTGAGOR is indebted unto the MORTGAGEE in the sum of FIVE HUNDRED
THOUSAND PESOS (P500,000), Philippine Currency, receipt of which is acknowledged by
the MORTGAGOR upon the signing of this instrument, payable to the order of the
MORGAGEE without need of prior demand or notice within a period of Five years, at (P
8,749.98) monthly starting on October 29,2016 and on every 30th of the month thereafter until
fully paid, with interest thereon at the rate of five (5%) percent per month.
NOW, THEREFORE, for and consideration of the afore-mentioned indebtedness, and to assure
the performance ofsaid obligation to pay, the MORTGAGOR does hereby convey and DELIVER
by way of MORTGAGE unto the MORTGAGEE, his heirs, successors and as signs, the
following parcel of land, together with all the improvements found and standing thereon, more
particularly described as follows:
(Technical Description of Property)
That it is the condition of this Mortgage that should the MORTGAGOR perform the obligation
to pay the afore-cited indebtedness of P 500,000 together with accrued interest thereon, within
the agreed term, this Real Estate Mortgage shall be discharged and shall at once become null and
void and of no effect whatsoever, otherwise, it shall subsist and remain in full force and effect
and be subject to foreclosure in the manner and form prescribed by law.
IN WITNESS WHEREOF, we have hereunto set their hands, this _____________ at
_____________, Philippines.
MORTGAGOR MORTGAGEE
With my Marital Conformity:
Mortgagor's Spouse
SIGNED IN THE PRESENCE OF:
_________________ __________________
(ACKNOWLEDGMENT)