THE REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This REAL ESTATE MORTGAGE, made and entered into in __Bataan___, Philippines, by and
between:

_Danielle Kym Marie R. Algarme__, Filipino of legal age, single, residing and with
postal address at __JMPV Subdivision, Brgy. Talungon, Bais City Negros Oriental,
6206_, hereinafter called the “MORTGAGOR”;

– and –

_Jane Doe_, Filipino of legal age, married to _John Doe _, with residence at
_California Garden Square, Mandaluyong City Metro Manila 1505___, hereinafter
called the MORTGAGEE;

WITNESSETH:

WHEREAS, the MORTGAGOR is the absolute owner in fee simple of _one_

parcels of land together with the improvements thereon, situated at _______JMPV Subd.
Taungon Bais City, 6206___, described and bounded as follows:

T.C.T. No._72635_, ___Deeds of Bais City_ Registry

“DESCRIPTION OF LAND.”

That for and in consideration of the sum of TWO MILLION PESOS (P 2,000,000.00 )
Philippine Currency paid unto the hands of MORTGAGOR by the MORTGAGEE, the
MORTGAGOR, by these presents, hereby conveys, by way of FIRST MORTGAGE, unto said
MORTGAGEE, his heirs, executers, administers and assigns, the above mentioned
properties, together with all the improvements thereon, free and clear of all liens, charges
and encumbrances particularly the taxes thereon;

PROVIDED, HOWEVER, That if the MORTGAGOR, shall pay or cause to be paid to said
MORTGAGEE, his heirs, executers, administers and assigns, the sum of _TWO MILLION
PESOS___ (P )Philippine Currency, ON OR BEFORE _January 12, 2019__ from and
after the execution of this mortgage, without INTEREST thereon, then this MORTGAGE
shall be discharged and of NO EFFECT, otherwise, it shall be enforceable in the manner
provided by the law;

Further, violation by the MORTGAGOR of any and all of the terms and conditions herein,
will create an option in favor of the MORTGAGEE to foreclose this Mortgage judicially or
extra-judicially, and the MORTGAGOR forfeits all her rights in this document in favor of
the MORTGAGEE, and which event, the MORTGAGOR hereby named, constituted and
appointed the MORTGAGEE, and by these presents do hereby name, constituted and
appointed the MORTGAGEE as the MORTGAGOR’s Attorney-in-Fact, for him and in his
name, place and stead for the said purpose, and for his use and benefit, with full power
to take all steps necessary and to execute all documents and to receive all money realized
same and apply the balance to the herein obligation; sign the name of the MORTGAGOR
in all documents, receipts, vouchers and any other writings necessitating the signature of
the MORTGAGOR to carry the above purpose;

Terms. The loan shall constitute for FIVE (5) years at 6.49 percent (%) per annum fixed
for FIVE (5) years. Installment of the loan shall be at THIRTY NINE THOUSAND ONE
HUNDRED AND TWENTY-THREE PESOS (P 39, 123.00) equal consecutive months for
SIXTY (60) months.

Penalty and other Fees. The penalty for late payment is 12% PER MONTH from due date
until Loan is paid in full.

The Mortgaged Property. The MORTGAGOR covenants and agrees that she will cause the
properties mortgaged to be insured against theft, less or damaged by fire during the term