Loan Agreement With Mortgage

LOAN AGREEMENT WITH MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:

This Loan Agreement with Mortgage is entered into this ____ day of November, 2022, by and
between:
_________________________________________________, of legal age, married with residence and
postal address at Brgy. Espjnosa, City of Masbate, hereinafter referred to as the BORROWER;
-and-
RUBY M. SANCHEZ-MORANO, of legal age, married with residence and postal address at Matungao,
Brgy.Tugbo, City of Masbate, hereinafter referred to as the LENDER;
WITNESSETH: THAT
WHEREAS, the BORROWER is the present registered owner of the parcel/s of land located at
____________________________________________covered by Transfer Certificate of Title (TCT)
Number/s________________________, consisting of __________________________________________
(________) square meters, hereinafter referred to as the “MORTGAGED PROPERTY.”
WHEREAS, the Borrower has requested a one-year (1)-year term loan of up to TWO HUNDRED THOUSAND
PESOS (PHP 200,000.00) from the Lender;
WHEREAS, the Lender have agreed to extend a term loan to the Borrower subject to the terms and conditions
set forth herein;
NOW, THEREFORE, for and in consideration of the foregoing premises and of the mutual covenants and
agreements hereinafter stated, the Parties hereto agree as follows:
A. Security
As security for the payment of the Borrowing, the Borrower obliges itself to mortgage in favor of the
Lender the above-described “Mortgaged Property”, more particularly described in the attached Annex
“A” and made an integral part hereof.
B. Loan Repayment
The Borrower shall fully pay and liquidate the Loan within one (1) year from the receipt of the loaned
amount as evidenced by the Acknowledgment Receipt signed by the Borrower.
C. Monthly Amortization
The Borrower shall pay the Lender Sixteen Thousand Six Hundred Sixty-Six Pesos (Php 16,666.00)
monthly
IN WITNESS WHEREOF, the parties have hereunto affixed their signature on the date and place first written above.
___________________________________ RUBY M. SANCHEZ-MORANO

Borrower Lender
SIGNED IN THE PRESENCE OF:
1. _________________________________ 2. _________________________________
Witness Witness
Republic of the Philippines }
} S.S.
BEFORE ME, a Notary Public for and in _____________________, this _________________, personally appeared
the following
NAME Valid Identification Date/Place of Issue
Card No.
==============================================================
Ruby M. Sanchez-Morano _________________ ___________________
_____________________ _________________ ___________________
_____________________ _________________ ___________________
_____________________ _________________ ___________________
All known to me and to me known to be the same person/s who executed the foregoing instrument
denominated as a LOAN AGREEMENT WITH MORTGAGE consisting of two (2) pages, including the page on which
this acknowledgment is written and has been duly signed by the parties together with their witnesses thereto on page
2 and on the left-hand margin of and the other pages who thereafter acknowledged before me that he/she/they
understand/s the contents and significance thereof, and that the same is his /her/their voluntary act and deed .
WITNESS MY HAND AND SEAL.
NOTARY PUBLIC
Doc. No. _________;

Page No. _________;
Book No. _________;
Series of 2022.
ACKNOWLEDGMENT RECEIPT OF FULL LOAN AMOUNT
___________________________
(Date)
WE, Spouses _____________________________and ______________________________, hereby

acknowledge that on the date appearing above, I received the amount of Two Hundred Thousand Pesos (Php
200,000.00) in cash representing the total loan amount as described under the Loan Agreement with Mortgaged
executed on _________________________ by and between the undersigned, herein referred as the “BORROWER”;
and Ruby M. Sanchez-Morano, herein referred as the “LENDER”.
___________________________________ ___________________________________
RECEIVED IN THE PRESENCE OF:
________________________________ ________________________________
Witness Witness

Loan Agreement With Mortgage

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LOAN AGREEMENT WITH MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

___________________________________ RUBY M. SANCHEZ-MORANO

SIGNED IN THE PRESENCE OF:

WITNESS MY HAND AND SEAL.

Doc. No. _________;

ACKNOWLEDGMENT RECEIPT OF FULL LOAN AMOUNT

WE, Spouses _and __, hereby

RECEIVED IN THE PRESENCE OF:

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