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and
WITNESSETH THAT:
That should the MORTGAGOR failed to pay the said indebtedness on due date a
penalty of five (5) % per month shall be imposed on the principal loan
That should the MORTGAGOR duly pay or cause to be paid unto the
MORTGAGEE, or his heirs and assigns, the said indebtedness including interest and
penalty, within the agreed term, then this MORTGAGE shall be discharged, and
rendered of no force and effect, otherwise, it shall subsist and be subject to foreclosure
in the manner and form provided by law. OTHERWISE, the MORTGAGEE may have
enforced his/her rights herein without judicial proceedings by causing the above-
described property to be sold at public auction and the MORTGAGOR hereby appointed
the MORTGAGEE as Attorney-In-Fact in filing Extra Judicial Foreclosure in the City of
Cabuyao the place where the said proper is situated, after giving noticed of sale for 20
days posted in at least three public places of the said city said sale to take place on a
business day at the municipal building at said city, under the direction of a notary public
of said city, the provincial sheriff, in accordance with Act No. 3135, as amended by Act
No. 4118.
_______________________ _______________________
Mortgagor Mortgagee
_______________________ _______________________
ACKNOWLEDGMENT
______________________________________________________________________
______________________________________________________________________
known to me to be the same person who executed this instrument and they
acknowledged before me that the same is their free act and voluntary deed.
This instrument refers to Real Estate Mortgage consisting of two (2) pages
including this page duly signed by both parties and their instrumental witnesses.
Series of 2023