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Contract of Loan
Contract of Loan
S
MUNICIPALITY OF SABLAYAN) S.S
CONTRACT OF LOAN
-and-
WITNESSESTH:
That the Borrower wishes to borrow and the Lender is willing to lend the
amount of SEVEN THOUSAND FIVE HUNDRED (7,500) PESOS.
NOW THEREFORE:
2. That this amount loaned to me shall incur a 10% percent payment when it
fell due;
3. That when I failed to pay, said principal amount and the interest will be
subject to 1% interest every month of default payment.
__________________ ___________________
LENDER BORROWER
Signed in the presence of:
ACKNOWLEDGEMENT