ANTICHRESIS

KNOW ALL MEN BY THESE PRESENTS:

This ANTICHRESIS CONTRACT is made and executed at the

City of Dumaguete, this 9th day of February, 2018, by and between:

_________________, of legal age, single, Filipino, and with

residence and post-office address at Candau-ay, Dumaguete City,
Negros Oriental, hereinafter referred to as the DEBTOR.

-AND-
_________________, Filipino, of legal age, single, with
residence and post-office address at Pinili St., Dumaguete City,
Negros Oriental, hereinafter referred to as the CREDITOR.

WITNESSETH; That

WHEREAS, the DEBTOR is the owner of 60 coconut bearing trees in

Lot No. 2008-B, PLS-701 covered by TCT 1456, with 500 square
meters lot area located at Magsaysay, Dauin, Negros Oriental;

WHEREAS, the CREDITOR acquires the right to receive the fruits of

this property of his debtor, with the obligation to apply them to the
payment of the interest, if owing, and thereafter to the principal of his
credit.

NOW THEREFORE, for and in consideration of the foregoing

premises, the DEBTOR and CREDITOR hereby accepts this
arrangement subject to the following:

PRINCIPAL: Below are the PRINCIPAL amounts owed by debtor to

the corresponding creditor respectively, P 50,000.00 (FIFTY
THOUSAND PESOS).

ANNUAL INTEREST:
Shall be 12% of the principal amount.

CREDITORS RIGHT OF ENTRY OR ABODE:

The CREDITOR has the right of entry or to live in this property with or
without consent of the DEBTOR unless CREDITOR has been fully
paid by the DEBTOR.

CONTRACT CHANGES OR EXPIRY:

The stipulations of this contract shall only expire or be changed upon
mutual written agreement of both contracting parties.

This contract of Antichresis shall be valid and binding between the

parties, their successors-in-interest, and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on

the date and place above written.

____________________ ___________________
DEBTOR CREDITOR

SIGNED IN THE PRESENCE OF:

Witness Witness

ACKNOWLEDGEMENT