In case of default in the payment of three consecutive installments on the loan, the lender shall

immediately notify, among others, the Land Bank and the department of such default, and thereafter,
these agencies shall take the appropriate steps either:

"(1) To answer for the default in case the reason therefor is due to fortuitous event, or

"(2) In any other case, to take over the ownership and administration of said property.

"In the latter case mentioned under the preceding paragraph, the government shall endeavor to
substitute the defaulting amortizing owner with a new one who does not own any land and who shall be
subrogated to the rights, and shall assume the obligations, of the former amortizing owner.

"The rules prescribed in the two immediately preceding paragraphs shall apply in case the lessee
defaults in the payment of at least three consecutive rental amortizations, with the former landowner
giving the required notice in proper cases.

"In all instances where default is due to fortuitous events the Land Bank shall be answerable for such
default and the farmers shall be released from the obligations to pay such installment or installments
due together with interest thereon."

Section 7. Section 36(1) of the same Code is hereby amended to read as follows:

"(1) The landholding is declared by the department head upon recommendation of the National
Planning Commission to be suited for residential, commercial, industrial or some other urban purposes:
Provided, That the agricultural lessee shall be entitled to disturbance compensation equivalent to five
times the average of the gross harvests on his landholding during the last five preceding calendar years;"

Section 8. Section 39(2) of the same Code is hereby amended to read as follows:
"(2) Right to engage in concerted activities as defined under Republic Act Numbered Eight hundred and
seventy-five."

Section 9. The Titles of Chapter III and Article I and Section 49 and 50 o