ASSIGNMENT OF DEPOSITS

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I, the undersigned, hereby assign my Time and/or Savings Deposits and deposits of whatever nature which I have or hereafter may have in the Cooperative. This
assignment here by authorizes the Cooperative to apply any or all deposits to the payment of said loan and interest, service fees, fines and all other costs and expenses when the
loan becomes past due. In case my deposits are not enough to cover for my delinquent loan/s accounts, The Cooperative has the right to collect the deficiency.

`This assignment is governed by Article 59 of Republic Act No. 9520, otherwise known as the Philippine Cooperative Code of 2008, which states "Notwithstanding the provision of
any law to the contrary, a cooperative shall have a primary lien upon the capital, deposits and interest of a member for any debt due to the cooperative from such a member.”

Signature Over Printed Name of Borrower Signature Over Printed Name of Co-borrower

ASSIGNMENT OF SHARE IN SERVICE SURPLUS/SALARY AND AUTHORITY TO DEDUCT

Subject to the approval of this application and availment of the loan with the Cooperative , I hereby assign in favor of the Cooperative the
sum of ____________________________________________ pesos ( P ) from my share in
service surplus/salary and other allowances periodically due me from____________________ .I therefore authorize________________________ to deduct said
amount from my share in service surplus/salary and other allowances on or before _______ , 20______ and every period thereafter and remit the same to the Cooperative
without need of demand thereof until the entire obligation is paid.

I also understand and irrevocably agree that upon my separation from service from ______________ for any reason or absence without leave for more
than one work week, the whole amount shall be due and demandable. I also authorize___________ to retain any and all amounts due to me as obligation and apply
the same to the payment of this loan. Upon verification, I also authorize ______________________ To deduct any specific amount for the purpose of updating my account.

This assignment and authority to deduct is absolute an irrevocable.

Signature Over Printed Name of Borrower Signature Over Printed Name of Co-borrower

PROMISSORY NOTE

PN No. __________________ Date Executed_____________________

Loan Amount________________________ (P__________________)
Date of Release_______ Date of Maturity __________

For value received, I/We jointly and severally promise to pay to the Cooperative or order the sum
of______________________________________________ pesos(P______________ )with interest at the rate of______ %a month/year straight/based on the
unpaid balance, payable in installment of pesos (P__________________). I pledge to pay the first installment to be made on_______________and a like amount
every______________ thereafter until full amount has been made. Installment in arrears/default shall make us liable to pay, in addition to the interest, a penalty of 1% per month.

In case of default or non-payment of any installment, the holder of this note may without prior notice or demand, declare the entire loan balance due a nd
demandable. Each party to this note, whether as maker, co-maker, endorser or guarantor, severally waives presentment of payment demand, protest and notice of protest and
dishonor of the same.
It is further agreed by the parties here to that incase payment shall not be made at maturity, the debtor shall pay 5% of the balance as service fee, the cost of
collection and attorney's fees in the amount equal to twenty percent (25%) of the principal, interest and fines due on this note, the total of which shall be in no case to be less than
FIVE HUNDRED PESOS (P500.00).
In case of judicial execution of this obligation or any other part thereof, the debtor waives all his rights under the provisions of Rule 3, Section13 and Rule39, Section12
of the Rules of Court.
This note shall be likewise subject to the following terms and conditions:
1. Payments made by the borrower and/or co-borrower(s) shall be applied in the following order of priorities: escrow expenses, penalties, interest and last, principal.
2. The borrower and/or co-borrower shall be considered in default in case any one of the following occur:
a.Failure to pay fully any installment
b. Deterioration, alienation, or diminution of guarantee or collateral
c. Any misrepresentation made by the borrower in any of the documents executed in connection here with or when information provided for credit analysis has been
verifiably withheld or altered
d. Loan funds diverted to unstipulated purpose
e. Any violation made by the borrower of existing policies promulgated by the Cooperative.
3. In case of non-payment of this note or any installment thereof on its due date, I/We authorize the Cooperative to automatically offset from or to apply to payment of all
balances, whether principal, interest, penalty or attorney’s fee which may arise in relation to this note my/our SHARE, and/or SAVINGS and/or TIMEDEPOSITS or all funds which
may be on deposit with the Cooperative belonging to anyone of us, and to hold as security for this note any real or personal properties which may be in its possession or control by
virtue of any contract.
4. No withdrawal of any amount from the SHARECAPITAL/SAVINGSDEPOSIT shall be allowed if it is less than the remaining balance of the loan.
5. In case of non-payment of any installment or any fraction there of or if this note becomes due and the insured borrower and/or co-maker dies prior to full payment of the loan,
no claim for insurance benefits from the Cooperative shall be paid to their beneficiaries until after the full satisfaction of any amount arising from this note which remains unpaid.
6. The right of the Cooperative contained in this note are assignable, discountable and negotiable at the sole option of the Cooperative, and/or its successors and we recognized
our liabilities in full to its successors and assignees;
7. The borrower shall abide by all the applicable policies the Cooperative may promulgate from time to time.
In all applicable cases, I/We jointly and severally waive and renounce presentation for acceptance, notice of dishonor and or protest and notice of non-payment of this promissory
note. Acceptance by the holder of payment of any installment or any part thereof after due date shall not be considered as extending the time for payment of this note or any
installment thereof, nor shall be construed as a renunciation of any right which may be already accrued in favor of the holder now an amendment or modification of any of the
terms herein stipulated.
I/We hereby waive notice of demand for payment and agree that any legal action which may arise in relation to this note may be instituted in the proper court of
Pasig City, or in the court of proper jurisdiction in any place where the Cooperative has a branch.

Signature Over Printed Name of Borrower Signature Over Printed Name of Co-borrower