Deed of Real Estate Mortgage

DEED OF REAL ESTATE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This DEED OF REAL ESTATE MORTGAGE, made and executed by and between:
JOSEFINA B. SANTOS, of legal age, single, and a resident of 228 Licsi Manaoag,
Pangasinan, Philippines, hereinafter known as the MORTGAGOR;
- And -
PHILIPPINE NATIONAL BANK (PNB), a corporate entity with office address at 35 St.
Poblacion, Dagupan City, Pangasinan, Philippines, duly represented by
MERCY P. PAUTANG, General Manager of PNB Dagupan, hereinafter known as the
MORTGAGEE;
WITNESSETH;
That for and in consideration of the loan of FIVE HUNDRED THOUSAND PESOS
(Php 500,000.00), Philippine Currency, extended by the MORTGAGEE to the MORTGAGOR,
payable to the order of the MOTRGAGEE without need of prior demand or notice within a
period of two (2) years, at FORTY ONE THOUSAND SIX HUNDRED SIXTY SIX (Php 41, 666.00),
Philippine Currency, per month starting on October 12, 2019 and on every 25th of the month,
thereafter until fully paid, with interest thereon at the rate of twelve percent (12%) per annum,
and to secure payment thereof, the MORTGAGOR hereby transfers, conveys by way of
MORTGAGE unto and in favor of the MORTGAGEE, her heirs, successors and assigns, a parcel
of land, together with all the improvements found and standing thereon, overall with an
estimated market value of ONE MILLION PESOS (Php 1,000,000.00), Philippine Currency,
covered by TCT No. 85960, and which parcel of land is more particularly described as follows:
TRANSFER CERTIFICATE OF TITLE NO. 85960
A parcel of land (Lot 1-B-6) of the subdivision plan (LRA) PSD-371780,

approved as a non-subdivision project, being a portion of Lot 1-B, (LRC)
PSD-297695, LRC Rec. No. Free Patent, situated in the Barangay Poblacion,
City of Dagupan, Province of Pangasinan, Island of Luzon. Bounded on the
NW., and NE., points 3 to 5, by property of Jose Banting; on the NE., points
5 to 6, by property of Antonio Estrada; on the SE, points 6 to 1, by Lot 1-B-
5; on the SW., points 1 to 2, by lot 1-B-9 (Alley); points 2 to 3, by lot 1-B-8;
all of the subdivision plan, more or less...
of which MORTGAGOR is the absolute owner.
Page 1 of 3
It is the essence of this contract of mortgage that if the MORTGAGOR fails to pay his principal
obligations on due date and the matter is referred to counsel for enforcement in court, the
MORTGAGOR agrees to pay attorney’s fees of THREE HUNDRED THOUSAND PESOS
(Php 300,000.00), Philippine Currency, and expenses of litigation of FIFTY THOUSAND PESOS
(Php 50,000.00), Philippine Currency, or a total of THREE HUNDRED FIFTY THOOUSAND
PESOS (Php350,000.00), Philippine Currency, and to have said parcel of land be subject to
foreclosure in the manner and form accordance with law, to answer for such obligations; but if
the MORTGAGOR pays the aforecited indebtedness, together with the interests thereon, within
the agreed term, this mortgage shall be discharged and shall at once become null and void and
of no effect whatsoever.
IN WITNESS WHEREOF, both the MORTGAGOR and MORTGAGEE have hereunder subscribed their
names this 12th day of October 2019 at Makati City, Philippines.
Signed: Accepted by:
JOSEFINA B. SANTOS MERCY P. PAUTANG

MORTGAGOR MORTGAGEE
WITNESSES:
HAZEL Z. SANTOS GRACE Z. SANTOS

Relative Relative
Page 2 of 3
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.
BEFORE ME, a Notary Public for and in the City of Dagupan, Pangasinan, this 12th day of October,
2019, personally appeared the following parties, with their respective Community Tax
Certificate (CTC)/ Tax Identification Numbers (TIN) indicated as follows:
CTC Number/TIN Date/Place Issued

JOSEFINA B. SANTOS 00063620/ TIN 244-875-894 1-29-11/Makati
MERCY P. PAUTANG 00078667/TIN 245-856-876 2/-02-11/Makati
Known to me and to me known to be the same persons who executed the foregoing Deed of Real
Estate Mortgage and acknowledged to me that the same is their free and voluntary act and deed.
WITNESS MY HAND AND SEAL, on the date and place first above written.
ATTY. JERU V. SAGAOINIT

NOTARY PUBLIC
143 ST. POBLACION, DAGUPAN CITY
ROLL NO. 12345/010-09-19
PTR NO. 1234567/10/06/19
1BP NO. 07834LT/0114/DAGUPAN CHAPTER
Doc. No._____;
Page No._____;
Book No._____;
Series of 2019
Page 3 of 3

Deed of Real Estate Mortgage

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Deed of Real Estate Mortgage

Uploaded by

Copyright:

Available Formats

DEED OF REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

TRANSFER CERTIFICATE OF TITLE NO. 85960

A parcel of land (Lot 1-B-6) of the subdivision plan (LRA) PSD-371780,

of which MORTGAGOR is the absolute owner.

Signed: Accepted by:

JOSEFINA B. SANTOS MERCY P. PAUTANG

HAZEL Z. SANTOS GRACE Z. SANTOS

REPUBLIC OF THE PHILIPPINES)

CTC Number/TIN Date/Place Issued

ATTY. JERU V. SAGAOINIT

You might also like