PROMISSORY NOTE WITH REAL ESTATE MORTGAGE KNOW ALL MEN BY THESE PRESENTS:
This REAL ESTATE MORTGAGE, made and executed in Zamboanga City, Philippines, by and between± GEORGINA GALVEZ, married to Jose Miguel, of legal
age, Filipino citizen, with residence and postal address at Canelar Moret, Zamboanga City, Philippines, Philippines, hereinafter called the MORTGAGOR ,
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in favor of
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of legal age, Filipino citizen, with residence and postal address at Boalan, Zamboanga City, Philippines, hereinafter called the MORTGAGEE WITNESSETH:
MAYA
PECSON
AMIRUDDIN, married,
THAT for value received, the Mortgagor promises to pay the Mortgagee the sum of PESOS: ONE HUNDRED THOUSAND (Php 100,000.00) within one (1) year from date, with interest thereon at five percent (5%) per month, the interest to be paid every six months, until the principal is fully paid. THAT the Mortgagor, as security for the prompt payment of said loan hereby transfers and conveys, by way of mortgage, unto the Mortgagee, her heirs, assigns and successors, the parcel of land, with improvements thereon, which is her paraphernalia property, particularly described as follows (the ³Mortgaged ³Mortgaged Property´): A parcel of land (Lot 30) Pls 198, situated in Curuan, Zamboanga City, containing an area of TWENTY SEVEN THOUS AND THREE HUNDRED AND ONE (27, 301) square meters, and more particularly describe in Transfer Certificate of Title No. P-780 of the Register of Deeds of Zamboanga City.µ
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THAT if any time the Mortgagor fails or refuses to pay the obligation herein secured, or to comply with any of the conditions and stipulations herein agreed, then all the obligations of the Mortgagor secured by this mortgage shall immediately become due, payable and defaulted and the Mortgage may immediately foreclose this mortgage judicially in accordance with the Rules of Court, or extra-judicially sell the Mortgage Property under Act 3135, as amended. For the purpose of extrajudicial foreclosure, the Mortgagor hereby appoints the Mortgagee as his/her Attorney-in-Fact to sell the Mortgaged Property under Act 3135, as amended, to sign all documents and perform any act requisite and necessary to accomplish said purpose and to appoint its substitute Attorney-in-Fact with the same powers as above specified. However, if the Mortgagor shall pay the Mortgagee the obligations secured by this mortgage, together with interests, penalty and other expenses on or before the date they are due, then this mortgage shall be
Real Estate Mortgage Georgina Galvez
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null and void; otherwise, it shall remain in full force and effect. EXECUTED in the City of Zamboanga on this 24
th
day of June,
2011. .
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GEORGINA GALVEZ
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MAYA PECSON AMIRUDDIN
Mortgagor
Mortgagee Signed in the presence of:
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ACKNOWLEDGMENT
Republic of the Philippines) City of Zamboanga. . . . . )S.S. X - - - - - - - - - - - - X)
BEFORE ME, this 24 th of June 2011, at the City of Zamboanga, Philippines, personally came and appeared, Georgina Galvez with Competent Evidence of her identity through . . . , issued . . . . . . . .; known to me and to me known to be the same persons who executed the foregoing instrument, and acknowledged that the same is their free and voluntary act and deed. N WITNESS WHEREOF, I have hereunto set my hand and seal this 24th day of June, 2011 at the City of Zamboanga, Philippines I
A t ty . M IC H A E L P . M O L IN A , c p a
Doc. No. _____ Page. No._____ Book No. _____ Series of 2011
notary public commissioned until 12.31.2007 No. 64 Estrada Street, Tetuan, ZC IBP OR. No.847706, 1.10.11, ZC PTR OR. No.0354282, 1.12.11, ZC
ACKNOWLEDGMENT
Republic of the Philippines) City of Zamboanga. . . . . )S.S. X - - - - - - - - - - - - X)
BEFORE ME, this 24 th of June 2011, at the City of Zamboanga, Philippines, personally came and appeared, Maya Pecson Amiruddin with Community Tax Certificate No. . . ., issued at Zamboanga City on . . . . . ., 20. .; known to me and to me known to be the same persons who executed the foregoing instrument, and acknowledged that the same is their free and voluntary act and deed. N WITNESS WHEREOF, I have hereunto set my hand and seal this 24th day of June, 2011 at the City of Zamboanga, Philippines I
Doc. No. _____ Page. No._____ Book No. _____ Series of 2011
Real Estate Mortgage Georgina Galvez
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