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Real Estate Mortgage Sample
Real Estate Mortgage Sample
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WITNESSETH; That:
WHEREAS, the MORTGAGOR has agreed to secure the payment of the Note to
the MORTGAGEE by means of a good and valid mortgage upon the property herein
described below;
That it is the condition of this Mortgage that should the MORTGAGOR perform
the obligation to pay the afore-cited indebtedness of P2,000,000.00 together with
accrued interest thereon, within the agreed term, this Real Estate Mortgage shall be
discharged and shall at once become null and void and of no effect whatsoever,
otherwise, it shall subsist and remain in full force and effect and be subject
to foreclosure in the manner and form prescribed by law.
IN WITNESS WHEREOF, we have have hereunto set their hands, this 1 st day of
March, 2017 at Cebu City, Philippines.
Mortgagor Mortgagee
________________________ ________________________
ACKNOWLEDGMENT
all known to me to be the same persons who executed the foregoing instrument and
hereby acknowledged to me that the same is their free and voluntary act and deed.
This instrument consisting of two (2) pages, including this page on which this
acknowledgment is written refers to a REAL ESTATE MORTGAGE and has been signed
by the parties and their witnesses and sealed with my notarial seal.
WITNESS MY HAND AND NOTARIAL SEAL, on this 1st day of March 2017,
Cebu City.