REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Real Estate Mortgage, made by and between:

CHRIS IAN M. Lestino, of legal age, single, and a resident of Barangay Sabang,

Palompon, Leyte Philippines (hereinafter known as the MORTGAGOR);

- and -

FRANCIS EMMANUEL MENDIOLA , of legal age, single, and a resident of Barangay

Utap, Tacloban City, Philippines (hereinafter known as the MORTGAGEE);

WITNESSETH; That:

WHEREAS, the MORTGAGOR is the absolute and registered owner of a parcel of land situated
at Barangay Guiwan I, Palompon, Leyte , covered by Transfer Certificate of Title No. 38400 of the
Registry of Deeds for Palompon Leyte;

WHEREAS, the MORTGAGOR is indebted to the MORTGAGEE in the principal sum of Five
hundred thousand pesos (Php 500,00.00), Philippine currency, under and by virtue of a Promissory Note
(“Note”) attached herewith and made an integral part hereof as Annex “A”;

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;

NOW, THEREFORE, for and consideration of the afore-mentioned indebtedness, and to assure

the performance of said obligation to pay, the MORTGAGOR does hereby convey and DELIVER by
way of MORTGAGE unto the MORTGAGEE, his heirs, successors and as signs, the following
parcel of land, together with all the improvements found and standing thereon, more particularly
described as follows:

TRANSFER CERTIFICATE OF TITLE No. 38401

“A PARCEL OF LAND Lot 12 Blk 12 of consolidation subdivision plan (LRC) Pcs-12345, being
a portion of the consolidation of Lots 1234-A and 1234-B (LRC) Psd-78945 situated in the Barangay of
Guiwan I, Province of Leyte. Bounded on the E., along Line 1-2 by lot no 7514 CID estate, on the S.,
along line 2-3 by Burgos St., on the W., along line 3-4 by irrigation canal and Zamora St., and on the N.,
along line 4-1 by Lot no. 4562 both of the Cid Estate beginning at a point marked “1” on plan, being N 21
deg. 58’E, 457,000 m. from no. 22 Cid Estate; thence S. 9 deg. 40’E, 23. 9 m. to the point 2; S. 78 deg
57’W., 26.1 m. to point 3; containing an area of (2,222) square meters.”

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 28 th day of February,
2020 at Palompon, Leyte, Philippines.

Chris Ian M. Lestino Francis Emmanuel Mendiola

Mortgagor Mortgagee

SIGNED IN THE PRESENCE OF:

________________________ ________________________

ACKNOWLEDGMENT

Republic of the Philippines)

City of Cebu          ) S.S.

BEFORE ME personally appeared:

              Name                        Identification Card         Issued On/At

        Chris Ian M. Lestino   SSS I.D. No. 123         1-1-20/Palompon

Francis Emmanuel Mendiola SSS I.D. No. 222         2-1-20/Tacloban
       
     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 28th day of February 2020, Palompon,
Leyte.
                                                                    

JAYSON CHAN
Notary Public
For and within the territorial jurisdiction of
RTC Palompon, Leyte
Notarial Commission No.293
Valid Until Dec 31, 2020
Doc. No. 1 IBP no. 998563 Lifetime, Palompon, Leyte
Page No. 4 Attorney’s Roll no. 58988
Book No. 2 PTR no. 8123688, Jan 3, 2017, Palompon, Leyte
Series of 2017 Bldg. 69, 193 Rizal St. Palompon , Leyte