1

PROMISSORY NOTE
Name of Borrower:
Address:

Amount:

Date:

For VALUE AND AS LOAN received, I hereby promise to pay

p________________________, Filipino, of legal age, and a resident of
______________________________, the sum of P____________.00
Philippine Currency to be paid on _________________ with the interest
of __________________________________________.

Acceptance by the holder hereof of payment of any installment or any part

hereof after due date or upon default shall not be considered as extending the
term for the payment of any of the installment aforesaid or as a modification
of any of the terms mentioned hereof.

Upon FULL PAYMENT of the principal amount of this note, interest and
penalties if any, this Promissory Note shall automatically be NULL and
VOID UNLESS RENEWED mutually.

______________________
Borrower

SIGNED IN THE PRESENCE OF:

______________________ _______________________

ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)
La Trinidad, Benguet-----------)S.C.

BEFORE ME, a Notary Public for and in the Province of Benguet, this ___________day
of________________, 2019 made known to me and identified by me through competent
evidence to be the same person who executed the foregoing instrument and he
acknowledged to me that the same is her free act and deed.

WITNESS MY HAND AND SEAL.