ATTY.

MELODY MAY OMELAN-ARGUELLES

Roll of Attorney No. 71505/June 7, 2018
IBP No. 039965/01-04-19/Masbate
PTR No. 7132208W /01-09-19/Masbate City
MCLE Compliance No. VI-0025944/April 14, 2022
Tiongson Subdivision, Masbate City, Masbate
may.omelan@yahoo.com/09565123854

November 27, 2019

RAUL S. LAVAPIE
Sta. Maria, Iriga City, Camarines Sur

Sir;

On behalf of my client, Otilio Castro Boquiron, Jr and relative to the REAL ESTATE
MORTGAGE (REM) you have executed dated July 30, 2016 at Iriga City, Camarines
Sur, when you conveyed unto my client, Otilio Castro Boquiron, Jr, a parcel of land
designated as Lot No. 72, bsd-05-004715, situated at Barangay, Sta. Maria, Iriga City,
Camarines Sur, containing an area of Four Thousand Eight Hundred Forty-Three
(4,843) square meters, more or less covered by TCT No. 998, in the name of RAUL S.
LAVAPIE, in the sum of Sixty Thousand Pesos (Php 60,000) , I respectfully would
like to remind you of the Mortgage Agreement you have voluntarily executed, which
you agreed to pay herein mentioned amount within two (2) years period or on or before
July 30, 2018, and further agreed to pay an interest equivalent to eight (8) percent per
month if failure on your part to pay within the specified period. Hence, a total of

Unless payment in full is received ten (10) days upon receipt of this letter, we will have
no alternative but to exercise whatever rights and remedies we have under the law to
enforce such payment, including but not limited to institution of legal proceedings
against you to recover herein mentioned amount or to commence an extrajudicial
foreclosure of the said property in accordance with Act No. 3135, together with the
legal expenses. Hereto attached is the copy of the Real Estate Mortgage for your
reference.

Thank you and regards.

Very truly yours,

Atty. Melody May Omelan-Arguelles

Legal Counsel