Professional Documents
Culture Documents
Grocery Loan Agreement: - , of Legal Age, Filipino, Single and A Resident of Block 22, Lot
Grocery Loan Agreement: - , of Legal Age, Filipino, Single and A Resident of Block 22, Lot
_______________, of legal age, Filipino, single and a resident of Block 22, Lot
17 Chrysanthemum St. Pinewood Subdivision, Barangay San Jose, Malaybalay
City, Bukidnon 8700 (hereinafter referred to as “DEBTOR”);
-and-
WITNESSETH: That-
WHEREAS, the DEBTOR has an existing obligation to the CREDITOR for an amount of P_____ with an
interest of __________, with the total amount due of ________as a payment to the GROCERY loan
____________________;
WHEREAS, for and in consideration of the foregoing premises, the parties hereto agree as follows:
1. The PARTIES hereby agree to the scheduled PAYMENT PLAN.
DOWNPAYMENT
DUE DATE BILLING MONTH TOTAL AMOUNT PAYMENT DATE
2. The DEBTOR shall conform to the schedule set and shall pay to the CREDITOR before or upon due
the amount as indicated in the PAYMENT PLAN.
4. If for any reason the DEBTOR should not obligate to pay the total amount or delay of his/her payment
on the due date of this Agreement, the DEBTOR shall be considered in default. Under such an event,
the remaining balance of the Amount Owed shall be due and demandable with an interest of ______
within up to 10 business days only.
5. If for any reason the DEBTOR should not obligate to pay the total amount with the default interest
within 10 business days upon default. The CREDITOR with due notice to the DEBTOR, shall file legal
action.
IN WITNESS WHEREOF, the Parties have executed this Agreement, on this ____ of _________ at
Malaybalay City, Bukidnon.
__________________________ ________________________________
NAME&SIGNATURE OF CREDITOR NAME&SIGNATURE OF DEBTOR
ACKNOWLEDGMENT
BEFORE ME, in the City of Malaybalay, this _____ day of _____________, 2022, personally
appeared the following:
GOVERNMENT PLACE OF DATE OF
NAME
ISSUED ID ISSUANCE ISSUANCE
All known to me and known to be the same persons who executed the foregoing instrument
and acknowledged before me that the same is their free and voluntary act and deed as well as those
of the entities they represent.
Said instrument refers to the Agreement consisting of four (4) pages, including this page of
Acknowledgment, signed by the parties and their witnesses and sealed with my notarial seal.