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REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This REAL ESTATE MORTGAGE, made and executed by and between: I, ____________________, MORTGAGOR, Filipino, of legal age, single / married to ______________________ with post-office address at ___________________ ; and ____________________, MORTGAGEE, Filipino, of legal age, single / married to ______________________ with post-office address at ___________________

WITNESSESTH:

That the MORTGAGOR does hereby convey by way of REAL ESTATE MORTGAGE unto the MORTGAGEE the following described real property, situated in ______________________, together with all the improvements, to wit:

(Description)

of which real property the MORTGAGOR is the registered owner in accordance with the provisions of the Land Registration Act, his title thereto being evidenced by Transfer / Original Certificate of Title No. _______________, of the land registry of ______________; That this real estate mortgage is given as security for the payment to the mortgagee of a certain promissory note, dated ______________ for the sum of ___________ PESOS (P ______________), with interest thereon at the rate of ___________ per centum (__%) per annum, according to the terms thereof and in the words and figures as follows:

(Copy promissory note)

That the conditions of this REAL ESTATE MORTGAGE are such that if the mortgagor shall well and truly pay or cause to be paid unto the mortgagee the aforesaid sum with accrued interest, then this mortgage shall be of no further force and effect; 1|Page

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OTHERWISE, the same shall remain in full force and effect and shall be enforceable in the manner provided by law. IN WITNESS WHEREOF, the mortgagor has hereunto set his hand, this __ day of ________________, 2007 in __________________, Philippines.

____________________ (Mortgagor)

____________________ (Mortgagee)

Signed in the presence of:

_________________________

_________________________

ACKNOWLEDGMENT

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