CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Loan is made and executed this January 14, 2019, in the City of Manila,
by and between:

MARIA ANA DELA CRUZ, single, Filipino, of legal age, and a resident of 24 Sisa St.,
Sampaloc, Manila, hereinafter referred to as CREDITOR,

and;
SALVACION DELOS SANTOS, single, Filipino, of legal age and a resident of
28 Dos Castillas St.., Sampaloc, Manila, hereinafter referred to as DEBTOR;

WITNESSETH

That the DEBTOR is desirous of borrowing the amount of FIVE HUNDRED

THOUSAND (P500,000.00) PESOS, Philippine Currency, while the CREDITOR is willing
and able to extend said amount, subject to the following terms and conditions; that:
1. The CREDITOR shall convey the amount of FIVE HUNDRED THOUSAND
(P500,000.00) PESOS to the DEBTOR upon execution of this Contract;

2. The DEBTOR shall pay the CREDITOR the aforementioned amount loaned on
or before January 14, 2020;

3. The DEBTOR shall pay interest on the Loan at the rate of Six Per Cent (6%)
per annum on the outstanding balance. All payments for interest shall be
computed daily on the basis of a 365-day year for the actual days elapsed.
Interest shall accrue from the date hereof until full payment thereof;

4. In order to secure the payment of the Loan, and to assure the prompt and
faithful performance by the Debtor of all her obligations in this Contract, the
Debtor shall, at her expense, execute and deliver or cause to be executed and
delivered to the CREDITOR, for her benefit, security and protection and in form
and substance acceptable to the CREDITOR the following:

a. Real Estate Mortgage on his lot located in the City of Manila, and the
improvements thereon, covered by TCT No. 36912, of the Registry of
Deeds of Manila, and
b. Transfer Certificate of Title No. 36912, covering the abovementioned lot
with an area of one thousand two hundred thirty four (1,234) square
meters, and the improvements thereon
5. That in case the court intervention should become necessary and inevitable,
the DEBTOR shall be liable for the court and litigation expenses and attorney's
fee amounting to twenty five (25) percent of the total amount due and
demandable;
6. That the parties herein hereby commit to fully observe the terms and conditions
as embodied in this contract and are fully aware that any violation of the same
shall expose such erring party to the corresponding, criminal, civil and/or
administrative liabilities;

7. This Contract and all other documents pertaining hereto shall be governed and
construed in accordance with the laws of the Republic of the Philippines.

IN WITNESS WHEREOF, the parties have hereunto set their

hands this 14th day of January, 2019 in City of Manila, Philippines.
 (Signed) (Signed)
MARIA ANA DELA CRUZ SALVACION DELOS SANTOS
Creditor Debtor

SIGNED IN THE PRESENCE OF:

(Signed) (Signed)
1. Jose Mari Katigbak 2. Antonio Penafrancia

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

NATIONAL CAPITAL REGION )
CITY OF MANILA ) S. S.

X---------------------------------------------X

BEFORE ME, a Notary Public for and in the above jurisdiction, this 14th day of
January, 2019 in the City of Manila, personally appeared:

1. MARIA ANA DELA CRUZ, with the following competent proof of

identification –
Passport No. P5254975, issued on December 6, 2017, and shall expire on
December 5, 2022
2. SALVACION DELOS SANTOS, with the following competent proof of
identification –
Driver’s License No. M07-02-027566, which shall expire on November 23,
2022

known to me to be the same person who executed the foregoing Contract of Loan, and
they acknowledged to me that the same is their own free, voluntary act and deed.

WITNESS MY HAND AND NOTARIAL SEAL, at the place and on the date first
herein above written.

(Signed)
ATTY. CAMILLE DE LEON
Appointment No. 456
NOTARY PUBLIC
City of Manila
Until December
#21 Main St., Malate, Manila
Roll of Attorneys No. 98989
IBP No. 021212- 05/20/17 (Manila)
PTR No. 7654321- 06/18/17 (Manila)
MCLE: MCLE Compliance Not Yet Due
Doc. No. 15;
Page No. 16;
Book No. III;
Series of 2019.