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    REAL ESTATE MORTGAGE - ADELFA Y. TAPIL and MARY DELA TORRE CHONG

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    John arman Lachica
    Adelfa Tapil is mortgaging a parcel of land located in Brgy. Panitian, Quezon, Palawan to Mary Dela Torre Chong to secure a loan of 800,000 PHP with 5% monthly interest over 6 months. The land is identified by Title No. 065-2018000733 and Lot No. 1848. If Adelfa fails to repay the loan, Mary has the right to judicially or extrajudicially foreclose on the property. Adelfa appointed Mary as attorney-in-fact to sell the property if needed for foreclosure.

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    REAL ESTATE MORTGAGE - ADELFA Y. TAPIL and MARY DELA TORRE CHONG

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    John arman Lachica
    104 views2 pages
    Adelfa Tapil is mortgaging a parcel of land located in Brgy. Panitian, Quezon, Palawan to Mary Dela Torre Chong to secure a loan of 800,000 PHP with 5% monthly interest over 6 months. The land is identified by Title No. 065-2018000733 and Lot No. 1848. If Adelfa fails to repay the loan, Mary has the right to judicially or extrajudicially foreclose on the property. Adelfa appointed Mary as attorney-in-fact to sell the property if needed for foreclosure.

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    Adelfa Tapil is mortgaging a parcel of land located in Brgy. Panitian, Quezon, Palawan to Mary Dela Torre Chong to secure a loan of 800,000 PHP with 5% monthly interest over 6 months. The land is identified by Title No. 065-2018000733 and Lot No. 1848. If Adelfa fails to repay the loan, Mary has the right to judicially or extrajudicially foreclose on the property. Adelfa appointed Mary as attorney-in-fact to sell the property if needed for foreclosure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    104 views2 pages

    REAL ESTATE MORTGAGE - ADELFA Y. TAPIL and MARY DELA TORRE CHONG

    Uploaded by

    John arman Lachica
    Adelfa Tapil is mortgaging a parcel of land located in Brgy. Panitian, Quezon, Palawan to Mary Dela Torre Chong to secure a loan of 800,000 PHP with 5% monthly interest over 6 months. The land is identified by Title No. 065-2018000733 and Lot No. 1848. If Adelfa fails to repay the loan, Mary has the right to judicially or extrajudicially foreclose on the property. Adelfa appointed Mary as attorney-in-fact to sell the property if needed for foreclosure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    REAL ESTATE MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    This Agreement made and entered into by and between:

    I, ADELFA Y. TAPIL, of legal age, Filipino, single and a resident of Bliss, Barangay
    Alfonso XIII, Quezon, Palawan, hereinafter called the MORTGAGOR, and MARY DELA
    TORRE CHONG, of legal age, Filipino, single and a resident of 11 Cagayan St., Marina
    Baytown, Tambo, Parañaque City, hereinafter called the MORTGAGEE;

    WITNESSETH:

    That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of EIGHT
    HUNDRED THOUSAND PESOS (₱800,000.00), Philippine Currency, with Five Percent (5%)
    monthly interest from the principal amount, the receipt of which is hereby acknowledged
    from the mortgage and confessed payable within a period of six (6) months, on or before;

    That for and in consideration of said indebtedness, the MORTGAGOR do hereby


    CONVEY by way of MORTGAGE, unto the MORTGAGEE, MARY DELA TORRE CHONG,
    her heirs assign for a certain parcel of land together with all the improvements found
    thereon, situated in Brgy. Panitian, Quezon, Palawan, covered by Transfer Certificate of
    Title No. 065-2018000733, issued by Register of Deeds of Province of Palawan, and more
    particularly described as:

    LOT NO. 1848, CAD-798-D, EXTENSION 1 BEGINNING AT A POINT MARKED “1” OF LOT
    1848, CAD-798-D, EXTENSION 1, BEING, N. 50-56 W. 3038.26 M. FROM B.L.L.M # 1,
    CAD-798-D, QUEZON CADASTRE, THENCE N. 42-29 W. 166.20 M. TO POINT 2; N. 14-39
    E. 215.76 M. TO POINT 3; S. 69-11 E. 200.38 M. TO POINT 4; S. 16-53 W. 237.93 M. TO
    POINT 5; S. 61-49 W. 68.67 M. TO POINT 1; POINT OF BEGINNING. CONTAINING AN
    AREA OF FORTY NINE THOUSAND EIGHT HUNDRED FOUR (49,804) SQUARE METERS.
    ALL CORNERS ARE MARKED ON THE GROUND BY B.L., CYL., CONC., MONS., 15 X 40
    CMS. BOUNDED ON THE SW., ALONG LINE 1-2 BY LOT 1849, CAD-798-D, EXTENSION
    1; ON THE WEST ALONG LINE 2-3 BY LOT 2604, CAD-798-D, EXTENSION 1; ON THE
    NE., ALONG LINE 3-4 TO EAST ALONG LINE 4-5 BY LOT 2594 (TIMBERLAND); AND ON
    THE SE., ALONG LINE 5-1 BY LOT 1858, CAD-798-D, EXTENSION 1. BEARING GRID.
    THIS LOT WAS SURVEYED BY ENGR. RODOLFO N. HERNANDEZ, ON JULY-NOVEMBER
    1999 TO MARCH-MAY 2000 AND APPROVED ON MARCH 24, 2004, IN ACCORDANCE
    WITH LAW AND EXISTING REGULATIONS PROMULGATED THEREUNDER. NOTE: THIS
    LOT IS COVERED BY H.A. 045317-1013.

    If the MORTGAGOR shall fail or refuse to pay the obligation herein secure when
    due, or not comply with any of the conditions herein agreed, or instituted insolvency
    proceeding or be voluntarily declared insolvent, or the mortgage cannot be registered for
    whatever reasons, then all the unpaid obligation shall immediately become due and
    demandable and the MORTGAGEE may institute foreclosure on this mortgage judicially or
    extra judicially. In the latter case, the MORTGAGOR hereby appoints the MORTGAGEE as
    his/her Attorney-in-fact to sell the property mortgaged, to sign all documents and perform
    any acts requisite and necessary to accomplish said purpose. And in case of judicial
    foreclosure, the MORTGAGOR hereby consents to the appointment of the MORTGAGEE,
    without bond to take charge of the mortgaged property at once and to collect rents/profits
    derived there from the sale and waives all his/her rights as DEBTOR under Rule 39
    Section of Rules of Court.

    IN WITNESS WHEREOF, the parties have hereunto signed their names this
    ___________________________, at Puerto Princesa City.

    Page 1 of 2 of Real Estate Mortgage


    ADELFA Y. TAPIL MARY DELA TORRE CHONG
    Mortgagor Mortgagee
    Passport ID No. P3342567A NPDL ID No. D04-11-015122

    SIGNED IN THE PRESENCE OF:

    1. __________________________ 2. _________________________

    ACKNOWLEDGMENT

    Republic of the Philippines )


    City of Puerto Princesa ) S.S.
    Province of Palawan )

    BEFORE ME, a Notary for the Province of Palawan and in the City of Puerto
    Princesa this ___________________________, personally appeared the above named parties
    bearing their corresponding evidence of identity, known to me to be the same persons who
    executed the foregoing instrument and acknowledged before me that the same is their free
    voluntary acts and deeds.

    The foregoing instrument relates to a Real Estate Mortgage consisting of two (2)
    pages including the page wherein this acknowledgment is written and has been signed by
    parties and witnesses on the left margin of page 1 and on this page.

    WITNESS MY HAND AND SEAL on the place, date and year above written.

    Doc No. ________


    Page No. _______
    Book No. ______
    Series of 2019

    Page 2 of 2 of Real Estate Mortgage

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