1. GILBERTO F. BERNATE JR. undertakes to pay the entire obligation /
liability of his wife RAQUEL BERNATE, in favor of MARY GRACE S. CHUA, amounting to THREE HUNDRED FIFTY THOUSAND PESOS (PHP 350,000.00), through the following manner:
a. GILBERTO F. BERNATE JR. undertakes to pay the amount of TWENTY
THOUSAND PESOS (PHP 20,000.00) on November 15, 2019;
b. GILBERTO F. BERNATE JR. undertakes to pay the remaining obligation
of PHP 320,000.00 through equal installments of PHP 2,500.00 payable on the 15th and 30th days of December 2019 (or simply stated, PHP 5,000.00 of monthly installments), and onwards until the entire PHP 320,000.00 has been fully paid;
c. GILBERTO F. BERNATE JR. undertakes to personally tender the equal
monthly installments to MARY GRACE CHUA, at her residence at #437 R. Pascual Street, Brgy. Pleasant Hills, Mandaluyong City; c