CONTRACT OF MORTGAGE

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Republic of the Philippines ………….}

PROVINCE OF ZAMBOANGA DEL SUR.}S.S.S
Municipality of Lapuyan……………..}
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CONTRACT OF MORTGAGE

This CONTRACT OF MORTGAGE is made and entered into between DANILO L. BAGA, of
legal age, married of TELLY D. BAGA, Filipino, with residence and postal address at Tininghalang,
Lapuyan, Zamboanga Del Sur, herein referred to as the PARTY OF THE FIRST PART;

-A N D-

YEYE MAMANTAL DALIAP of legal age, Filipino, married to MERLY DALIAP, with
residence and postal address at Poblacion, Lapuyan, Zamboanga Del Sur, herein referred to as the
PARTY OF THE SECOND PART;

WITNESSETH

That the PARTY OF THE FIRST PART and the PARTY OF THE SECOND PART, in
consideration of mutual covenants/understanding and agreement made here by these presents enter into a
CONTRACT OF MORTGAGE with the THE PARTY OF THE SECOND PART over a parcel of land
located at Tininghalang, Lapuyan, Zamboanga Del Sur with an area of more or less, 2 hectares of
agricultural land (coconut farm) with the following terms and conditions, to wit;

1. That the Party of the First Part is the owner of the parcel of land located at Tininghalang,
Poblacion, Lapuyan, Zamboanga Del Sur with an area of more or less, 2 hectares of
agricultural land (coconut farm);

2. That the Party of the First Part has offered the Party of the Second Part to mortgage the parcel
of land for a period of Five (5) years for an amount of One HUNDRED Twenty
THOUSAND PESOS (Php. 120,000.00);

3. That the Party of the Second Part with covenants and mutual agreement thereto accepts the
mortgage over the property on the former named above;

4. That the Party of the Second Part will utilize the coconut fruits found in the property,
however with respect to other fruits found therein notice of such utilization maybe be made to
the owner;

5. That the payment of taxes over the use of the property shall be paid by the second party
during the tenure of the contract;

6. That the maintenance of the property shall be borne by the Party of the 2 nd part as necessary
and consequence of the mortgage;

7. That any construction or creation of materials or structures that will be attached to the
property which will cause damage to the land will be on the Part of the First Party, and any
construction or creation of materials that will not cause damage to the land will be on the
Party of the Second Part;
 8. That utilization of plant trees especially lumber for the use of “Tapahan” shall be allowed by
both parties, subject to their agreement and terms;

9. That the period of five (5) years within which the Party of the First Part will redeem her
property will be optional on her part if he cannot provide the amount of One Twenty
Thousand Pesos (Php. 120,000.00) during that time. As a consequences the Party of the
Second Part will continue to enjoy the continuation of the contract and the fruits thereof;

10. That if the parties shall in any respect fails to comply with the conditions and stipulations
imposed upon them, any Party may with notice terminate this Contract;

11. That the parties may freely stipulate on matters which is best to their part and that would be
beneficial to both parties and over the parcel of land.

IN WITNESS WHEREOF, the parties have hereunto set their hands this 15th day June 2021,
Lapuyan, Zamboanga del Sur.

DANILO L. BAGA YEYE MAMANTAL DALIAP

Party of the First Part Party of the Second Part

WITH CONFORMITY:

TELLY D. BAGA MERLY DALIAP

Wife of the 1st party 2nd Party WIfe

IN WITNESS HEREOF:

________________________ ___________________________

Republic of the Philippines……………..}

PROVINCE OF ZAMBOANGA DEL SUR..} S.S.S
Municipality of Lapuyan ..………………}
X-----------------------------------------------------X
 BEFORE ME, Notary Public for and in the Province of Zamboanga del Sur, this 15 th day of June
2021, personally came and appeared ZUELA D. TAMBAGEL AND YEYE MAMANTAL DALIAP,
with ______________________and J03-16-001537, respectively, known to me and to me known to be
the same persons who executed the foregoing Contract of Mortgage and acknowledged that the same are
their free act and deed.

This instrument, consisting of two (2) pages, including the page on which this acknowledgement
is written, has been signed on the left margin of each and every page thereof by the concerned parties and
their witnesses, and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand this ________ day of 20___, at
Poblacion, Lapuyan, Zamboanga Del Sur.

Doc. No. ______;

Page. No. ______;
Book No. ______;
Series of 20 _____.