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Regidor Pacdal, Baguio City herein known as MORTGAGOR and DIANNA VERGARA TABARNILLA, of legal
age, Filipino, married with postal address at #329 Lower Magsaysay Avenue, Baguio City, hereinafter
known as the MORTGAGEE.
That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of EIGHTY THOUSAND
(Php 80,000.00) Philippine Currency, receipt of which is acknowledged by the MORTGAGOR upon the
signing of this instrument, payable within a period of two (2) months, with interest thereon at Php 8,000
(10%) per month.
That for and in consideration of this indebtedness and to assure the performance of said
obligation to pay, the MORTGAGOR hereby conveys by way of MORTGAGE unto the MORTGAGEE, her
heirs and assigns, the following personality:
That the condition of this obligation is that should the MORTGAGOR perform the obligation to
pay the herein above cited indebtedness of EIGHTY THOUSAND (Php 80,000.00) Philippine Currency
together with accrued interest thereon, this mortgage shall once become null and void and of no effect
whatsoever, otherwise, it shall remain in full force and effect.
MONCHITO PARAS
WITNESS