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ON SANGLA/TIRA NG BAHAY
ADELAIDA C. BOBILES, of legal age, Filipino, and with postal address of #82 Bagong
Lipunan St., CAA, Las Piñas City, hereinafter referred to as the Mortgagor.
And
MERILYN SALCEDO PACLIAN, of legal age, married with postal address at B27 L47
Hamilton Hts., Talon, Las Pinas City and JOHNNY MACIAS PALARPALAR, of legal age, married
with postal address at #068-B Aratiles St., Las Pinas City Thereinafter referred to as the Mortgagee.
WITNESSETH
Whereas, the Mortgagor had entered an agreement on KASUNDUAN NG SANGLA/TIRA
NG BAHAY on a 2nd Floor of a Unit B only (2) Two Story residential only located at #82 Bagong
Lipunan St., CAA, Las Piñas City, in the amount of PESOS: One Hundred Twenty Thousand Pesos
Only, (Php. 120,000.00) only, Philippine Currency; payable under the following terms and conditions:
1. In the amount of One Hundred Twenty Thousand Pesos Only, (Php. 120,000.00),
Philippine Currency. Serves as a Full Payment, said accountabilities shall pay for a Period
of Two years contract; beginning this 27th of December, 2022 up to 27th of December 2024,
Hence, the Compromise Agreement shall bond as a RENEWABLE CONTRACT, AS
AGREED UPON BY BOTH PARTIES, which shall commence upon signing of this
agreement;
2. That the mortgagee shall use the said room for residential purposes which shall begin on the
27th day of January, 2022. until said mortgage will be fully paid for and/or settled, A one
month grace period shall be given to the renter before vacating the said property.
IN WITNESS WHEREOF, this agreement assigned and executed between both parties
this 27rd day of December, 2022 at the City of Las Piñas, Philippines.
JOHNNY M. PALARPALAR
MORTGAGEE
SIGNED IN THE PRESENCE OF:
________________________________ ______________________________
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public in and for the City of Las Piñas on this 27 TH day of December ,
2022, personally appeared:
Known to me to be the same persons who executed the foregoing instrument and acknowledge
that the same is their free and voluntary act and deed.
Witness my hand and notarial seal on date and place written above.