CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

This Deed is made and executed by and between:

Angel Mae Fetiza, Filipino, of legal age, and a resident of Brgy.

Little Things, Molo, Iloilo City, hereinafter referred to as CREDITOR.

Imee Trinidad, Filipino, of legal age and a resident of Brgy. 143

Love Lots, Jaro, Iloilo City, hereinafter referred to as DEBTOR;

WITNESSETH

That the DEBTOR is desirous of borrowing the amount of

FIFTY THOUSAND (50,000.00) PESOS, Philippine Currency
while the CREDITOR is willing and able to lend the said amount,
subject to the following terms and conditions:

1. That the CREDITOR shall convey the amount of FIFTY

THOUSAND (50,000.00) PESOS to the DEBTOR upon
execution of this contract;
2. That the DEBTOR shall pay the CREDITOR the aforementioned
amount loaned on or before December 25, 2018
3. That in case of failure on the part of the DEBTOR to pay the
amount loaned in full at its aforementioned maturity date, then
the CREDITOR shall charge a penalty amounting to a
compounded eight percent (8%) interest per month of the total
amount due until full payment thereof;
4. That in case the court intervention should become necessary
and inevitable, the DEBTOR shall be liable for the court and
litigation expenses and attorney’s fee amounting to twenty five
(25) percent of the total amount due and demandable;
5. That the parties herein hereby commit to fully observe the
terms and conditions as embodied in this contract and are fully
aware that any violation of the same shall expose such erring
party to the corresponding, criminal, civil and/or
administrative liabilities.

IN WITNESS WHEREOF, the parties have hereunto set

their hands this 9th day of October, 2018 in Iloilo City, Philippines.

ANGEL MAE FETIZA IMEE TRINIDAD

Creditor Debtor
 Signed in the presence of:

1. FIA MAE BERBEGAL 2. JERVI MAE GUAY

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

ILOILO CITY ) S. S.

BEFORE ME, this 9th day of October, 2018 in Iloilo City,

personally appeared:
Name CTC No./
Gov’t Issued ID Date
Issued
Angel Mae Fetiza F00-00-00111111 January 10, 2018
Imee Trinidad F11-11-1100000 February 14,2017

known to me to be the same person who executed the foregoing

instrument and they acknowledged to me that the same is their own
free, voluntary act and deed.

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