Affidavit Mortgagee Bank PDF
Affidavit Mortgagee Bank PDF
Series of 200____
Annex ____
AFFIDAVIT
(Mortgagee Bank)
2) That the loan value of each lot/unit covered by the mortgage is ___________________________________
__________________________________________________.
3) That this bank/Financing institution shall accept direct payments made by the lot/unit buyers to be applied
to the mortgage indebtedness of the corresponding lot/unit and full payment thereof, to release the
individual titles thereat;
4) That this Bank/Financing institution shall notify, the Housing and Land Use Regulatory Board in case of
the mortgagor’s default of 3 months amortization and once for quarterly and semiannually amortization;
5) That in case of an additional loan on the same project or a restructuring of loan this bank will cause the
mortgagor to have his previous loan in current form;
6) That as an authorized officer of the above-mentioned mortgagee bank, I hereby undertake to partially
release. cancel the mortgage of fully paid lot(s) and/or unit(s) in said subdivision/condominium/townhouse
project notwithstanding the non-payment yet of the total mortgage loan incurred by the mortgagor;
7) That I am executing this affidavit and behalf of the Bank/Financing institution attesting to the facts stated
therein to comply with the requirements of the HLRB and for all legal intents and purposes.
_______________________________
Affiant
SUBSCRIBED AND SWORN to before me this _____ day of _______________ 200___, affiant
exhibiting before me his/her Residence Certificate No. ___________________________ issued at
______________________ on ___________________________.
Doc No.
Page No.
Book No. NOTARY PUBLIC
Series of 200___