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CONTRACT OF LOAN - Lagon Family

1) Luz R. Lagon borrows 100,000 Philippine pesos from Judy P. Lagon to help pay for her husband Jessie A. Lagon's hospital expenses. 2) The loan is payable from Jessie's retirement benefits and will accrue 24,000 Philippine pesos in annual interest until the principal is repaid. 3) Luz and Judy signed the agreement on November 13, 2007 in General Santos City, Philippines along with their children and husbands to consent to the loan terms.

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54 views1 page

CONTRACT OF LOAN - Lagon Family

1) Luz R. Lagon borrows 100,000 Philippine pesos from Judy P. Lagon to help pay for her husband Jessie A. Lagon's hospital expenses. 2) The loan is payable from Jessie's retirement benefits and will accrue 24,000 Philippine pesos in annual interest until the principal is repaid. 3) Luz and Judy signed the agreement on November 13, 2007 in General Santos City, Philippines along with their children and husbands to consent to the loan terms.

Uploaded by

Nic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MEMORANDUM OF AGREEEMNT

KNOW ALL MEN BY THESE PRESENTS:


This AGREEMENT is executed by and between LUZ R. LAGON, Filipino, of legal age,
married to JESSIE A. LAGON and a resident of General Santos City, Philippines, known as the
FIRST PARTY and JUDY P. LAGON, Filipino, of legal age, married to RENO A. LAGON and
likewise a resident of General Santos City, Philippines, known as the SECOND PARTY,
WITNESSETH:
That the FIRST PARTY borrows the amount of ONE HUNDRED THOUSAND PESOS
(P100,000.00), Philippine Currency, as credit unto the SECOND PARTY to be used for and
defray the necessary and incidental expenses of the hospitalization of JESSIE A. LAGON, in
the following terms and conditions:
1. The credit shall be payable from the retirement benefits or claims due for JESSIE A.
LAGON;
2. Its interest amounting to TWENTY FOUR THOUSAND PESOS (P24,000.00), Philippine
Currency, shall be paid to the SECOND PARTY per annum, until the principal (credit) is
fully paid.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this 13th day of
November 2007 at General Santos City, Philippines.

LUZ R. LAGON JUDY P. LAGON


First Party Second Party
Signed in the Presence of : With Marital Consent:

1.___________________ RENO A. LAGON


2.___________________

With the Consent of the Children of the Parties

JOSE JAMES R. LAGON ATHELA P. LAGON-ULGASAN

MARIA LUISA R. LAGON-NOGAS BRENDA P. LAGON

JOMARLYN R. LAGON-GUILLERMO CHARLIE P. LAGON

JESSILOU R. LAGON-FRUGALIDAD DARWIN P. LAGON

JESSIE GRANT R. LAGON CHERRIE MAY R. LAGON

JESSIE AUGUSTUS R. LAGON

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )


GENERAL SANTOS CITY )S.S.
X - - - - - - - - - - - - - - - - - - - -- - - - X
BEFORE ME, this __________________ at General Santos City, Philippines, personally
appeared: Name CTC no. Issued on Issued at
LUZ R. LAGON _________ _________ __________
JUDY P. LAGON _________ _________ __________
known to me to be the same persons who executed the foregoing instrument and they
acknowledged to me that the same is their own free voluntary act and deed.
WITNESS MY HAND AND SEAL.

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