Вы находитесь на странице: 1из 3

DEED OF MORTGAGE

This Deed of Mortgage made and entered into this


____________day of __________ 2001 in Makati, Metro Manila,
by and between:

THE
SPOUSES
(if
applicable)
___________________ and _______________________,
both of legal age, Filipinos and with residence
address
at
_____________________________
_______________________________________,
hereinafter referred to as the "MORTGAGORS";
- a n d ________________________________________,
a
corporation
organized and existing under and by
virtue of the laws of the Republic of the
Philippines,
with
business
address
at
_____________________________
_______________________________________,
represented
by
its
_______
Officer,
_________________, hereinafter referred to as the
"MORTGAGEE";

W I T N E S S E T H :

THAT -

WHEREAS, the MORTGAGORS are indebted in the principal


sum of ____________________________________ (P___________)
("DEBT") to the MORTGAGEE;
WHEREAS, the MORTGAGORS have offered to secure payment
of the DEBT by means of real estate mortgage over the
MORTGAGORS' real estate property, together with all the
existing improvements thereon, located in Quezon City, Metro
Manila, Philippines, and covered by Transfer Certificate of
Title No. _________ of the Registry of Deeds for
____________ ("PROPERTY");
NOW, THEREFORE, the parties have agreed as follows:

1.
MORTGAGE: - To secure the due and full payment of
the DEBT and its interests and charges, the MORTGAGORS, by
way of first mortgage, hereby mortgage, convey and encumber
the PROPERTY in favor of the MORTGAGEE.
2.
PROPERTY:
The
PROPERTY,
consisting
of
________________________________________ (________) SQUARE
METERS, more or less, is particularly described as follows:
TRANSFER CERTIFICATE OF TITLE NO. ________

(C O P Y TCT)

3.
DEBT: - The DEBT is evidenced by the promissory
note ("NOTE") attached as Annex "A" and made an integral
part hereof.
4.
DISCHARGE OF MORTGAGE: - The condition of this
MORTGAGE is such that if the MORTGAGORS shall fully pay the
DEBT, its interests and charges in accordance with the terms
of the NOTE, its extensions, renewals or replacements, then
this MORTGAGE shall cease to have force and effect,
otherwise it shall remain in full force and effect.
5.
FORECLOSURE AND POWER OF ATTORNEY: - In case the
MORTGAGORS fail to pay the DEBT, its interests and charges
in accordance with the terms of the NOTE, its extensions,
renewals or replacements, the MORTGAGEE may, in addition to
its legal remedies under the law, proceed at its option to
judicially or extra-judicially foreclose this MORTGAGE.
Effective upon such failure to pay, the MORTGAGEE or her
authorized representative, is hereby appointed the attorneyin-fact of the MORTGAGORS, with full power of substitution
and authority, to perform such acts as may be necessary to
sell or dispose of the PROPERTY at public auction in
accordance with Act No. 3135, as amended.
SIGNED on the date and at the place first written
above.

(Mortgagor)

(Mortgagee)

(Mortgagor)

SIGNED IN THE PRESENCE OF:

___________________

__________________

A C K N O W L E D G M E N T
REPUBLIC OF THE PHILIPPINES)
MAKATI, METRO MANILA.......)

S.S.

BEFORE ME, this ________ day of ____________ 2001__ in


Makati, Metro Manila, personally appeared:
NAME

RES. CERT. NO.

DATE/PLACE ISSUED

known to me and to me known to be the same persons who


executed the foregoing instrument and they acknowledged to
me that the same is their free and voluntary act and deed.
This instrument refers to a DEED OF MORTGAGE which
consists of three (3), including the page whereon the
acknowledgment is written, and which is signed by the
parties and their instrumental witnesses on each and every
page thereof.
WITNESS MY HAND AND SEAL on the date and at the place
first written above.

Doc. No.
;
Page No.
;
Book No.
;
Series of 2001.

1.11/AIM Mortgage contract


wst(box)