REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Real Estate Mortgage is made and executed in Makati City, Metro Manila, Philippines, this
1st day of July, 2023 by and between:

That/We Sps. Mildred B. & Nestor A. Tan, married, of legal age, residing at 3228 Cityland Pasong
Tamo Tower 2210 Don Chino Roces Ave, Makati City is hereby authorize and appoint Jocelyn B. Lebanan as
our Attorney-in-fact. That Jocelyn B. Lebanan,, married, both of legal age, Filipino, and resident of Unit 26
Mosaic Tower, 115 Trasierra, Philippines, hereinafter referred to as the MORTGAGOR;

- and -

SCV LENDING, INC. a corporation duly organized and existing under and by virtue of the laws of the
Republic of the Philippines, with branch office located at Unit 21-K 21st floor, Burgundy Corporate Tower, 252
Senator Gil Puyat Avenue, Makati City , Philippines, represented in this act by its Officer-in-charge, VEDANT
AGRAWAL, with office address at Unit 21-K 21st floor, Burgundy Corporate Tower, 252 Senator Gil Puyat Avenue,
Makati City, Philippines, hereinafter referred to as the MORTGAGEE,

W I T N E S S E T H T H A T:
Whereas, the Mortgagor is the absolute and legal owner / an Attorney-in-Fact of the lot owner of a parcel/s
of land situated in 3228 Cityland Pasong Tamo Tower 2210 Don Chino Roces Ave, Makati City,
Philippines, evidenced by Condominium Certificate of Title No. 006-2021004583 which parcel of land is
more particularly described and bounded as follows:

Condominium Certificate of Title No. 006-2021004583

IT IS HEREBY CERTYIFIED that the unit identified and describe as:

UNIT NO. 3223 LOCATED ON THE THIRTY-SECOND FLOOR WITH A UNIT AREA OF 116.90 SQM. OF THE CITYLAND
PASONG TAMO TOWER.

Improvement Clause:

Including the house/building and other improvement now erected or hereafter may be
erected thereon. That, for and in consideration of credit accommodations obtained from the
Mortgagee by the Mortgagor, as evidenced by a certain Promissory Note, dated July 1,2023,
for the principal sum of PESOS: FIVE MILLION PESOS ONLY (Php5,000,000.00),
Philippine Currency, a copy of which is hereto attached and made an integral part hereof, and
to secure the payment of the same obligation and those that may hereafter be obtained, as
well as those that the Mortgagee may further extend to the Mortgagor(s), including interest
and expenses, or any other obligation owing to the Mortgagee, whether direct or indirect,
principal or secondary, as appearing in the accounts, books and records of the Mortgagee, the
Mortgagor(s) does/do hereby transfers and conveys by way of First Mortgage unto the
Mortgagee, its successors and assigns the property/ies described above, together with all the
improvements thereon, and those that may exist thereafter.

That this mortgage is so constituted subject to the following terms and conditions, to wit:

1. That the total obligation in the principal sum of PESOS: FIVE MILLION PESOS ONLY
(Php5,000,000.00), Philippine Currency, secured by this mortgage, shall be due and payable
within TWELVE (12) months from the execution of this instrument. A Promissory Note is hereby
attached and made an integral part of this contract.

2. The Mortgagor shall pay all the expenses in connection with this mortgage, including preparation
of documents, notarial fees, documentary stamps, registration fees and all the expenses of
cancellation upon satisfaction of the obligation/s hereunder secured or of foreclosure, whether
judicial or extra-judicial, as the case may be.

3. During the life of this mortgage, the Mortgagor shall well and promptly make all the necessary
repairs and improvements on the mortgaged properties in order to preserve the same in good
order and condition, and shall also pay on time all taxes, fines, fees and assessment due on said
properties, delivering immediately to Mortgagee without necessity of any demand, the
corresponding Official Receipts therefore.
4. During the life of this mortgage, the Mortgagor shall promptly insure the buildings and/or other
improvements now existing and/or which may hereafter be placed or constructed on the
mortgaged properties against fire, and earthquake in an amount and with such company fixed and
designated in writing by the Mortgagee, and pay on time the premiums on said insurance, which
insurance shall be made payable to the Mortgagee, and for this purpose, Mortgagor shall properly
endorse or assign and deliver to Mortgagee the corresponding insurance policy/ies. However,
Mortgagor shall not secure any additional insurance policy on the mortgaged properties without
the written consent of the Mortgagee. Should the Mortgagor secure such additional insurance
policy without the written consent of the Mortgagee, the same shall be considered automatically
assigned to the Mortgagee, which shall as such assignee of the original and additional policies,
have authority to settle or liquidate, in case the risk/s insured against occur, all claims thereon to
the account of the Mortgagor, and the Mortgagor shall be credited only with the cash that the
Mortgagee may receive for said property, and only from the date it actually received the same.

5. The Mortgagor shall not sell, mortgage, lease or encumber the properties herein mortgaged or any
part thereof, nor alter or demolish any building or improvement thereon during the existence of
this mortgage without the prior written consent of the Mortgagee.

6. If during the existence of this Mortgage Contract, the Mortgagor should be granted by the
Mortgagee an additional loan or the Mortgagor renews the existing obligation prior to full payment
thereof, then this mortgage shall also stand as security for such additional loan or the renewal of
the existing one, without necessity of executing another mortgage contract.

7. If the Mortgagor shall at any time fail or refuse to pay the obligations herein secured or any of the
amortizations of such indebtedness when due, or to pay any of the fees, expenses, assessments,
fines or taxes due on the mortgaged properties or by virtue of this contract, or to comply with any
of the conditions and stipulations herein enumerated or should violate the same, or shall, during
the life of this mortgage, institute insolvency proceedings or be involuntarily declared insolvent,
then, all the obligations of the Mortgagor secured by this Mortgage shall automatically become
due, payable and defaulted, without the necessity of any previous demand or notice, and the
Mortgagee may immediately foreclose this mortgage judicially or extra-judicially, at its option. In
case of extra-judicial foreclosure, the Mortgagor hereby appoints the duly authorized
representative of the Mortgagee as Attorney-in-Fact, with full power of substitution to enter upon
and take possession of the mortgaged premises, without any court order or any other authority
than that herein granted, and to sell and dispose of the same to the highest bidder at public
auction, and until such sale, the Mortgagee is hereby authorized to hold and retain possession of
said properties, to collect all rents due on the same and to apply the same to the payment of the
obligations hereby secured, and to perform all other acts of administration and management in the
most Mortgagor advantageous manner for the best interest of the Mortgagee. The said duly
authorized representative of the Mortgagee Corporation or his substitute is hereby expressly
authorized and empowered to execute and deliver on behalf of the or in his name, place and
stead, such deeds of conveyance as may be necessary to vest in the purchaser of such auction
sale full title to the properties sold, free from all liens and encumbrances of whatever kind and
nature.
In case of judicial foreclosure, the Mortgagor hereby consents to the appointment of the duly
authorized representative of the Mortgagee corporation as Receiver, without bond, to take charge
of the mortgaged properties immediately, to have possession of the same and to collect rents,
income fruits and other benefits derived from the same before the sale, to be applied in
accordance with the following:

In case of the sale of the mortgaged properties, the proceeds shall be applied as follows:
a) To the payment of the expenses and cost of foreclosure, receivership, if any, and sale,
including attorney’s fees as herein provided;
b) To the satisfaction of all interest and charges accruing upon the obligations herein and hereby
secured;
c) To the satisfaction of the principal amount of the obligation herein and hereby secured;
d) To the satisfaction of all other obligations owing by the Mortgagor to the Mortgagee, and
e) The balance, if any, to be delivered and paid to the Mortgagor.

8. The Mortgagor hereby expressly agrees and consents that the foreclosure proceedings, whether
judicial or extra-judicial and/ or public auction sale pursuant thereto at which the Mortgagee may
be a bidder, may be filed and held at the place or the capital of the province where the property is
located, at the option of the Mortgagee, and for this purpose, the Mortgagor hereby expressly
waives and renounces whatever rights he may have under Sec. 2 of Act 3135 and Sec. 3, Rule 5,
Rules of Court.
9. In case of foreclosure proceedings, whether judicial or extra-judicial, the Mortgagor shall pay to
the Mortgagee by way of Attorney’s Fees, a sum equivalent to 25% of the total indebtedness,
including principal and interest remaining unpaid or not less than P2,000.00, whichever is higher
and exclusive of all cost or fees allowed by laws. The payment thereof by the Mortgagor is hereby
guaranteed by this mortgage and considered to be lien upon the properties herein mortgaged. All
correspondence relative to this mortgage, including demand letters, summons, subpoena and
other notice of whatever kind and nature, whether judicial or extra-judicial, shall be sent to the
Mortgagor at her afforested or at the address that may hereafter be given by registered mail by
the Mortgagor to the Mortgagee. The mere act of sending correspondence by mail or by personal
delivery to said address shall be valid and effective notice to the Mortgagor for all legal purposes,
and the fact that any such communication is not actually received by the Mortgagor or that it has
been returned unclaimed to the Mortgagee, or that no person was found at the address given, or
that the address is fictitious or cannot be located, shall not excuse or relieve the Mortgagor from
the effects of such notice.

10. Should the properties mortgaged or any part thereof be expropriated by the national, provincial or
municipal government or any other entity or person vested with the right of eminent domain, all
monies paid or which may become payable on account or in consideration of the expropriation of
the properties herein mortgaged and/or any real or personal property which maybe given in
exchange for the property so expropriated, shall be immediately delivered to the Mortgagee, unto
whom Mortgagor hereby expressly authorizes to collect said money or received such property
directly from the expropriator, crediting the Mortgagor only with the cash received, effective on
the day Mortgagee actually receives the same and reserves the property received in exchange for
its expropriation for such further action as may be necessary to convert them into cash and apply
the same to the account of the Mortgagor. The Mortgagor further binds himself not to agree with
expropriator upon any purchase price or any other consideration for the property so expropriated
without the written consent of the Mortgagee.

11. Should this mortgage be annulled or refused registration for any reason whatsoever or the
properties herein mortgaged be found at any time to have been over-appraised, lost, damaged or
depreciated in value for whatever cause or causes other than any ordinary wear and tear, the
Mortgagee may demand additional security applicable to it from the Mortgagor in order to bring
the total value of the securities held by Mortgagee up to any sufficient amount, but not less than
the value of said securities as appraised by the Mortgagee at the time the original obligation was
contracted and/or subsequent additional loans were given, or the Mortgagee may declare the
entire mortgage obligation immediately due and demandable as if the period of the mortgage
obligation has expired, at its option.

12. Should the Mortgagor fail to make the necessary repairs and/or improvements on the properties
mortgaged, or to pay any fees, premiums, expenses, fines and taxes with respect to the same as
required in this contract, the Mortgagee may advance the funds necessary therefor, which shall be
automatically deemed included in the original amount of the loan secured by this mortgage, which
amount/s so advanced by Mortgagee shall bear interest at the same rate imposed on the principal
obligation per month.

13. Should the Mortgagee incur any expense of whatever kind and nature, including attorney’s fees, in
maintaining or defending its rights under this contract, whether judicially or extra-judicially,
whether against or with the Mortgagor or any third person, and whether or plaintiff, defendant,
intervenor or otherwise, the same expenses shall be charged to the Mortgagor and automatically
added to the original amount of loan, to bear interest at the rate of SIX percent (6%) per
MONTH.

14. The Mortgagor hereby binds herself to execute and/or deliver to the Mortgagee such other
documents as may be required from time to time to give full force and effect and validity to this
mortgage, and to pay all the expenses incident to the preparation, execution, registration, and
notarization, including documentary stamps, of said documents.

15. This contract of mortgage and the corresponding promissory note / trade acceptance / credit
purchase order signed by Mortgagor, copies of which he hereby acknowledges receipt, shall not be
deemed novated, extended or its considerations and terms in any manner changed or modified,
unless said novation, extension, change or modification be in writing, duly signed and mutually
agreed upon by both Mortgagor and Mortgagee. It is also understood that the Mortgagee’s silence
or toleration of all violation or non-compliance with any condition or stipulation in this contract
shall neither be considered as implied consent thereto, nor as a waiver of any of its rights and
remedies under this contract or by operation of law.

16. Should the Mortgagor fail to pay the obligation secured by this Mortgage, and the Mortgagee
forecloses this Mortgage, the Mortgagor may exercise his/her right to redeem the foreclosed
properties in accordance with the provisions of law, by paying the Mortgagee the total obligation at
the time of foreclosure, plus all expenses, attorney’s fees and interest at the rate of six percent
(6%) per month up to the time the redemption is made.

17. Finally, if the Mortgagor, his/her heirs and assigns should well and truly pay to Mortgagee all
his/her obligations under this contract and the corresponding promissory note(s) / trade
acceptance / credit purchase order, then this mortgage shall become null and void and of no legal
effect whatsoever.
 Executed and signed in MAKATI City, Philippines, this _____________________________.

JOCELYN B. LEBANAN SCV LENDING, INC.

TIN:939-620-821 (MORTGAGEE)
(MORTAGOR) TIN: 009-701-668
By:
VEDANT AGRAWAL
Officer-in-charge
TIN: 492-265-914

SIGNED IN THE PRESENCE OF:

________________________ ________________________ ________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES}

CITY OF MAKATI……….……..}S.S

BEFORE ME. A Notary Public, for and within the City of Makati, Philippines, this _________ day of __________, in the year of our Lord 2022, personally
appeared the following persons and presented to me an integrally complete document/instrument, to wit:

Name Competent Evidence of Identity

SCV Lending, Inc. SEC Reg. CS 201719299/TIN 009-701-668
Vedant Agrawal TIN No. 492-265-914 / DL N02-14-020621
Jocelyn B. Lebanan TIN No. 939-620-821

Who are personally known to me or identified by me through competent evidence of identity as defined by the 2004 Rules on Notarial practice pursuant to
Supreme Court EN BANC A.M. No. 02-8-13 SC Resolution. That the herein Persons represented to me that the signatures on the instrument or document was voluntarily
affixed by him/her as his/her free and voluntary act and deed.

This instrument, which consists of FIVE (5) pages, inclusive of schedules/annexes, refers to a Real Estate Mortgage signed by the parties together with their
instrumental witnesses on each and every page whereof.

WITNESS MY HAND AND SEAL on the date and at the place first above-written
NOTARY PUBLIC
Doc. No. ___________
Page No. ___________
Book No. ___________
Series of 2023