Real Estate Mortgage (Another Form)
Real Estate Mortgage (Another Form)
Real Estate Mortgage (Another Form)
(Another Form)
WITNESSETH:
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 a 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; 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
________________, 2___ in __________________, Philippines.
____________________ ____________________
(Mortgagor) (Mortgagee)
WITNESSES:
____________________ ____________________
ACKNOWLEDGMENT