This Agreement executed by and between FILIPINA AVELINA TANADA, of legal age, married, and a resident of No. 1223 Cluster 12, Flexihomes, Rosario, Pasig City, hereinafter known as the MORTGAGOR, and
RENEE D. JOSE, also of legal age, married, Filipino and a resident of No. 50-A Villa Lamok St., Sagad, Pasig City, hereinafter known as the MORTGAGEE.
WITNESSETH
That the MORTGAGOR is indebted on the MORTAGEE in the sum of TWO HUNDRED THOUSAND PESOS (Php 200,000.00), Philippine Currency, receipt whereof is hereby acknowledged and confessed, payable within a period of ONE (1) year, with interest at the rate of four percent (4%) per month;
That for and in consideration of said indebtedness, the MORTGAGOR does hereby convey and deliver as soon as the release of papers from the Home Insurance Guaranty Corporation (HIGC) by way of MORTGAGE unto the said MORTGAGEE and the latters heirs and assigns, the following realty together with all improvements thereon and situated at Bliss Flexihomes, Rosario, Pasig City, particularly described as follows:
Declaration of Real Property No. 018-15509
North: Lot 24 South: SW Lot 22 East : Lot 25 (R.O.W) West: Rd. Lot 1
Kind Residential Area 69 sq.m.
PROVIDED, HOWEVER, that should the MORTGAGOR duly pay or cause to be paid unto MORTGAGEE, or her heirs and assigns, the said indebtedness of TWO HUNDRED THOUSAND PESOS (Php 200,000.00), together with the agreed interest thereon, within the agreed term (one year), then this MORTGAGE shall be discharged, and rendered of no force and effect, but after the period agreed upon, such MORTGAGE shall subsist and shall be subject to renewal for another year with the agreed interest.
IN WITNESS WHEREOF, both the MORTGAGOR and the MORTGAGEE have hereunto set their hands this ___day of April 2013 in Pasig City
RENEE D. JOSE FILIPINA AVELINA TANADA Mortgagee Mortgagor
Signed in the presence of:
SAMANTHA DENISE E. TAADA MHEL PHILLIP E. TANADA
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in Pasig City this ___ day of April 2013, personally appeared:
Name Valid ID
FILIPINA AVELINA TANADA SSS 03-7900323-3 RENEE D. JOSE
Known to me and to me known to be the same persons who executed the foregoing instrument which they acknowledged before me as their free and voluntary act and deed.
WITNESS MY HAND AND SEAL on the year, day and place first above written.
Doc. No. _____; Page No. _____; Book No._____; Series of 2013