Republic of the Philippines)

City of Calapan ) S.S.

REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

That this REAL ESTATE MORTGAGE, is made and entered into

by and between:

DIOSA A. MAGANDA, of legal age, Filipino, single, and with

residence and postal address at Acacia Street, Brgy. Bulusan, Calapan
City, Oriental Mindoro herein after referred to as MORTGAGOR;

MARIKIT A. SOLOMON, of legal age, Filipino, single, and with

residence and postal address at Mangosteen Street, Brgy. Suqui,
Calapan City, Oriental Mindoro herein after referred to as the
MORTGAGEE;

WHEREAS, DIOSA A. MAGANDA is the absolute and

registered owner of a parcel of land situated at Neo Calapan
Subdivision Brgy. Bulusan, Calapan City, Oriental Mindoro covered by
Transfer Certificate of Title No. 12-3456 issued by the Registry of
Deeds of Oriental Mindoro;

WHEREAS, DIOSA A. MAGANDA is indebted to MARIKIT A.

SOLOMONin the principal sum of One Million Five Hundred Thousand
Pesos (Php 1,500,000.00), Philippine currency, with an interest rate of
two (2%) per cent per month (24% per annum), receipt of the principal
is acknowledged by DIOSA A. MAGANDA;

WHEREAS, DIOSA A. MAGANDA agreed to pay the above

indebtedness within a period of Five (5) years from and after the date
of this instrument;

WHEREAS, DIOSA A. MAGANDA has agreed to secure the

payment of his indebtedness to MARIKIT A. SOLOMONby means of
a good and valid real estate mortgage upon the property herein
described below;

NOW, THEREFORE, for and in consideration of the foregoing

premises and as security for payment of the aforesaid obligation,
DIOSA A. MAGANDA has transferred and conveyed, and by these
presents transfer and convey by way of MORTGAGE, unto the
MORTGAGEE, his heirs, successors or assigns the aforesaid parcel
of land including the improvements thereon situated at Neo Calapan
Subdivision Brgy. Bulusan, Calapan City, Oriental Mindoro and more
particularly described as follows:
 Transfer Certificate of Title No. 12-3456
A certain parcel of land situated in Neo Calapan
Subdivision, Bulusan Calapan City, covered and
described issued by Registry of Deeds of Oriental
Mindoro, Philippines containing an area of Six-
hundred Fifty square meter (50sqm.), more or less.
Bounded as follows: on the East., Along line 1-2 by
Lot 2482, Cad 344-D; on the South., Along line 1-2
by Lot 2482, Cad 344-D; on the West., Along line 1-
2 by Lot 2482, Cad 344-D; and on the on the North.,
Along line 1-2 by Lot 2482, Cad 344-D; (A Copy of
which title is hereto attached as Annex “C”)“ X x x”

The condition of this mortgage is such that if DIOSA A.

MAGANDA shall well and truly pay or cause to be paid to MARIKIT A.
SOLOMONthe above-stated obligation in the principal sum with
accrued interest, according to the terms and tenor hereof, then this
mortgage shall thereby fully discharge and without further effect;
OTHERWISE, it shall remain in full force and effect and shall be
enforceable in the manner provided for by law.

It is likewise agreed and understood that if at any time DIOSA A.

MAGANDA shall fail or refuse to pay the obligations herein secured,
or default in any instalments and/or amortizations for such
indebtedness or the principal obligation when due, or to comply with
any of the conditions and stipulations herein agreed or in the separate
instruments evidencing the obligations hereby secured or shall, during
the time this mortgage is in force, institute insolvency, suspension of
payment or similar proceedings, or be involuntarily declared insolvent
or a writ of garnishment and/or attachment be issued against any of
the assets or income of DIOSA A. MAGANDA or if this mortgage
cannot be recorded in the Registry of Deeds, then the obligation of
DIOSA A. MAGANDA secured by this Mortgage shall immediately
become due and payable and defaulted and MARIKIT A.
SOLOMONmay immediately foreclose this mortgage judicially, or
extra-judicially pursuant to Act No. 2135, as amended.

IN WITNESSS WHEREOF, we have hereunto set our hands this

15th day of March 2024 in the City of Calapan, Philippines.

DIOSA A. MAGANDA MARIKIT A. SOLOMON

MORTGAGOR MORTGAGEE

SIGNED IN THE PRESENCE OF:

JOY T SEGUROS BLOSSOM T. PADRILAN

Witness Witness
 ACKNOWLEDGMENT

Republic of the Philippines)

City of Calapan ) S.S.

BEFORE ME, a Notary Public, for and in the City of Calapan, this
15th day of March 2024 personally appeared:

Name Identification Card Issued On/At

DIOSA A. MAGANDA Driver’s License 02/01/2020, Calapan City
MARIKIT A. SOLOMON Driver’s License 02/01/2022, Calapan City
JOY T. SEGUROS Driver’s License 02/01/2023, Calapan City
BLOSSOM T. PADRILAN Driver’s License 02/01/2023, Calapan City

all known to me to be the same persons who executed the foregoing

instrument and hereby acknowledged to me that the same is their free
and voluntary act and deed. This instrument consisting of three (3)
pages, including this page on which this acknowledgment is written
refers to REAL ESTATE MORTGAGE and has been signed by the
parties and their witnesses and sealed with my notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL on the date and

place above written.

NOTARY PUBLIC

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2024.