Petition For FORECLOSURE or Notarial Foreclosure

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(Petition 

for Extra Judicial Foreclosure of Real


Estate Mortgage under Act 3135 as amended)
The City/Provincial Sheriff
City/Province of
_____________, Philippines
S I R:

GREETINGS:

Mortgagee _____________, of legal age, Filipino, (single / married /


widow), and a resident of _____________, Philippines, most
respectfully alleges:
1. That on _____________, __Name of Mortgagor-Debtor__, of legal
age, Filipino, (single / married / widow), and a
resident of _____________, Philippines, executed a Real
Estate Mortgage in my favor mortgaging said property described in the
Real Estate Mortgage Contract hereto attached as Annex "A" and
forming an integral part hereof; to secure the payment of loan in the
amount which is shown in the promissory note executed by said
Mortgagor-Debtor dated _____________, a copy of which is hereto
attached as Annex "B"
2. That to the best of my knowledge, the mortgaged property is
subject to no prior mortgage or any lien whatsoever and is now in the
possession and full control of the above-named Mortgagor-Debtor;
3.That the Mortgagor-Debtor defaulted in its obligation under the
aforementioned Real Estate Mortgage Contract and Promissory Note;
4.That under the terms and conditions of the Real
Estate Mortgage Contract, the Mortgagee is entitled to foreclose extra-
judicially the mortgaged property, which is more particularly described
as follows:
 

(Technical Description of Property)
4.That by the terms and conditions of the Real
Estate Mortgage Contract herein-above referred to, the principal
obligation of the Mortgagor which has become overdue
as of _____________ is in the
amount of __________________________ (P___________),
excluding penalties, liquidated damages, past due interest, attorney's
fee representing ______% of the total obligation due, other charges
and expenses of foreclosure.
WHEREFORE, I respectfully request you to take possession of the
property described in the aforementioned Real Estate Mortgage and
sell the same at Public Auction in accordance with the provisions of Act
3135 as amended. Please furnish the undersigned and the Mortgagor-
Debtor with copies of your notice of Sale at least ten (10) days before
the sale.
_____________, Philippines, __Date__.

MORTGAGEE
(VERIFICATION)

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