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  • Co-Maker's Undertaking Form

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    Jhoana Parica Francisco
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    The document is a co-maker's undertaking signed on April 9, 2021 in Cabanatuan City wherein the co-maker agrees to be fully responsible for the payment of a ₱500,000 loan of the named borrower. The co-maker undertakes to pay the full amount of principal, interest, charges, and penalties if the borrower fails to pay, including if payment is only partial or refused. The co-maker also agrees to be sued alone, even without the borrower, if the creditor chooses. The borrower, creditor, and witnesses sign to agree to the terms.

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    undertaking to pay

    Original Title

    co-maker's undertaking form

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    The document is a co-maker's undertaking signed on April 9, 2021 in Cabanatuan City wherein the co-maker agrees to be fully responsible for the payment of a ₱500,000 loan of the named borrower. The co-maker undertakes to pay the full amount of principal, interest, charges, and penalties if the borrower fails to pay, including if payment is only partial or refused. The co-maker also agrees to be sued alone, even without the borrower, if the creditor chooses. The borrower, creditor, and witnesses sign to agree to the terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5K views1 page

    Co-Maker's Undertaking Form

    Uploaded by

    Jhoana Parica Francisco
    The document is a co-maker's undertaking signed on April 9, 2021 in Cabanatuan City wherein the co-maker agrees to be fully responsible for the payment of a ₱500,000 loan of the named borrower. The co-maker undertakes to pay the full amount of principal, interest, charges, and penalties if the borrower fails to pay, including if payment is only partial or refused. The co-maker also agrees to be sued alone, even without the borrower, if the creditor chooses. The borrower, creditor, and witnesses sign to agree to the terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    .

    Bakod Bayan,
    Cabanatuan City
    __________________

    Co-Maker’s Undertaking

    I, ___________________________, of legal age, Filipino, and resident of _________________,


    Brgy.Bakod Bayan, Cabanatuan City, do hereby declare under oath, that I am the co-maker of:

    _______________________ P 500, 000.00 San Francisco,


    (Name of borrower) (Amount of Loan) San Antonio, Nueva Ecija

    That I, bind myself to undertake the payment of the loan until the last centavo of the above mentioned principal
    borrower. In the event that the above mentioned principal borrower does not/do not pay the loan including interest, charges
    and penalty thereon I obligate to pay the same. The term “does not/do not” includes the following action/s:
    1. Partially paid but did not fully pay;
    2. Did not pay even a little amount/amortization; and/or
    3. Refuse/s to pay.

    This co-maker agrees to be sued in court or in other forum alone even without including the
    principal borrower/s if the Creditor wishes to sue him/her alone.

    As proof of this undertaking, we have executed this Co-Maker’s Undertaking in the presence of two or
    more witnesses on April 9, 2021 at Cabanatuan City.

    _____________________
    Co-Maker
    Conforme: Noted:

    ____________________________________________________________________________________
    Principal Borrower Creditor Creditor

    Signed in the presence of:

    ___________________________ ___________________________

    Republic of the Philippines )


    Cabanatuan City )
    x----------------------------------------x

    SUBSCRIBED AND SWORN to before me this ___ day of ________________ at Cabanatuan


    City. Parties who executed the foregoing co-maker’s undertaking acknowledged to me that the same is
    their free act and voluntary deed.

    WITNESS MY HAND AND NOTARIAL SEAL.

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