LOAN AGRE REEME MENT KNOW ALLMENBYTHESEPRESENTS: Acont r actofl oani sher ei nent er edi nt obyandbe t ween:
Wi Wi cked Wi t ch,Fi l i pi noCi t i zen,ofl egalage,si ngl e,wi t hr esi denceand post al addre ss at 1 Evi l St r ee t , Evi l Wo Wor l d Vi l l age, Al abang, Mu Munt i nl upa Ci t y, her ei naf t err ef er r edt oast he" LENDER" and The Ki ng,Fi l i pi noCi t i zen,ofl egalage,marr i ed t oTheQu Queen wi t h r esi denceand post aladdr ess3Mayama man St r eet ,Ki ngvi l l e,Al abang, Munt i nl upaCi t y,her ei naf t err ef er r edt oast he" BORROWER" . WI WI TNESSETH:
TheLENDER her ei n agr eest ol oan t heBORROWER wi t ht hesum ofsi x hundr ed t housand( $600, 000) ,Uni t ed St at escur r ency ,and payabl ewi wi t hi nt he per i od ofMay 15,2013Mar ch 15, 2014, under t he f ol l owi ng t er ms and condi t i ons:
T r owershal la sum of$10, 000 t ot he A.Loan Payme ntTer ms . hebor l enderf ore ve r ymo mont hoft hel oan agr eedupon.Payme mentshal lbedue ev er y 15th day oft he mont hs t ar t i ng i nt he mont hf ol l owi ng t he execut i on oft hi sagree mentandshal lcont i nueeachmont ht her eaf t er unt i lt hel oanbal ance,i ncl udi ngthepri nci palandaccruedi nt er esti s pai di nf ul lora dema mand f orf ul lpaymenthas bee n made by t he l ender .
T r ower shal lmake good ofhi s B.Met hod ofLoan Payment .The bor obl i gat i on t o pay undert hi s agree mentby per sonal l y del i ver i ng t he amo mountr equi r ed att headdr essof1 Evi lSt r eet ,Evi lWor l d Vi l l age, Al abang,Munt i nl upaCi t y T cur r enceofanyoft hef ol l owi ngev entshal lconst i t ut e C.Def aul t . heoc adef aul tupont heborr ower : rr owerf ai l ed t opay6 mont hsofhi sobl i gat i on,pri nci pal 1. Bo andi nt er est ,ont hedat er equi r edbyt hi sl oanagr eeme ment ;
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2.Thebor r owerbec omesi nsol ve ntorot her wi seunabl et opay hi sobl i gat i onundert hi scont ract ; I n case of t he abov e ci r cums t ance t he Lender shal l not i f yt he Borr owert hatt hel at t eri si ndef aul twi t h corr espondi ngnot i ceoft he amountdueanddemandabl e. I ft hedef aul ti sduet ot hef ai l ur et ot i mel ypayt he D.Cur eofDef aul t . obl i gat i on her ei n agr eed upon,t hebarr owershal lpay hi sobl i gat i on bymaki ngf ul lpaymentofanypr i nci paldueandi t saccr uedi nt er est i ncl udi ngt hepaymentoft hepenal t ydi scussedbel ow. A nt er estofPhp 20, 000 wi l lbeadded E.Penal t yf orLat ePayment . ni duet ot hef ai l ur et ot i mel ypaytheobl i gat i onher ei nagreedupon.
Wi ckedWi t ch LENDER
TheKi ng BORROWER
SI GNED I NTHEPRESENCEOF: ___________________________
_______________________ _
ACKNOWLEDGEMENT
Republ i coft hePhi l i ppi nes ) Munt i nl upa Ci t y )S. S
BEFORE ME,anot aryf orandi nMunt i nl upaCi t y ,per sonal l yappeared:
Name Wi ckedWi t ch TheKi ng
I D Number Dat e/Pl aceI ssued Passpor tNo.ZZ2166B Mar ch5,2014PasayCi t y SSSNo. CRN022230219889Apr i l1,2014Quez onCi t y
known t o me and t o me known t o be t he same per sons who execut ed t he f or egoi ngLegalI nst r umentandacknowl edgedt omet hatt hesamei st hei rf r ee andv ol unt aryactanddeed. WI TNESS MY HAND AND SEAL,on t he dat e and pl ace fir st above wr i t t en.
KARENROMERO No t ar yPubl i c
PTR No.4339512–01/16/2014–Munt i nl upaCi t y Loan Agreement 2 | P a g e
I BPLi f e t i meMemberRol lNo.023450 Rol lofAt t orneysNo.44566 MCLE Compl i anceNo.I I I 1543830;05/9/14 Not ari alCommi ss i onExpi r esonDec ember2014 Doc.No. 213; PageNo.67; BookNo. XX; Ser i esof2013.
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