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DEED OF REAL ESTATE MORTGAGE

KNOW ALL MEN BY THIS PRESENT:


This DEED of Real Estate Mortagage (the Deed) is made and executed this
In Santolan, Pasig City,by and between:

Lorna V. Peligaria . Filipino of legal age, with postal address at #39 Mcruz St. Santolan
Pasig City , hereinafter reffered to as the MORTGAGOR

-And-

Rogelio B Sazon Jr .Filipino, of legal age, with postal address at #82 Sto.Tomas St.
Santolan , Pasig and hereinafter referred to as MORTGAGEE.

WITNESSETH: That-

WHEREAS, the MORTGAGOR is the absolute, exclusive, lawful and registered


owner of the One Door Apartment .
WHEREAS, on 12 May 2017 the MORTGAGOR has requested the MORTGAGEE
To lend him in cash sum of Thirty thousand pesos (30,000.00)
WHEREAS, the MORTGAGEE has agreed to the aforementioned request;
NOW WHEREOF, in pursuance to said agreement an in consideration of the sum of
Thirty Thousand Pesos (30,000.00);
(LOAN AMOUNT), at or before executin of this present paid by MORTGAGEE to
MORTGAGOR (The receipt whereof is hereby admitted and acknowledged by
MORTGAGOR, the MORTGAGOR covenant with the MORTGAGEE that she will pay the
said sum of Thirty Thousand Pesos (30,000.00), under the following term
Terms and Conditions;
a.) The MORTGAGOR shall pay the entire loan amount of Thirty Thousand Pesos
(30,000.00) within 1 year from date agreement.
b.) The MORTGAGOR shall pay the MORTGAGEE the advanced payment with the
amount of ADVANCE with amount of (Php.3,000) this May 12 .2017 as
DEPOSIT to be used on the last payment of contract.
c.) The MORTGAGEE has the authority to collect the mothly rental of the said room
as interest of the loan amount until the MORTGAGOR is fully paid
3,000/month.
d.) The deed may be renewed upon expiration of the period stated herein, subject to
mutual agreement of the parties and if the loan balance is not fully paid.

FINALLY, IT IS HEREBY AGREED AND DECLARED that if the MORTGAGOR breach


the obligations set by these present, the loan amount same shall become due and payable
and the MORTGAGEE shall be entitled to sell the subject property though any competent
court and to realize and receive the said loan amount and damages , out of the sale
proceeds.

IN WITNESS WHEREOF, the parties have hereunto affixed their signature on


At Santolan , Pasig City

Lorna V. Peligaria Rogelio B. Sazon Jr.


MORTGAGOR MORTGAGEE

WITNESSES