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    Macoy and Josh Cash Loan With Car Collateral Agreement

    Uploaded by

    Jhune Abad
    Loan with Car Collateral Agreement

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Macoy and Josh Cash Loan With Car Collateral Agreement

    Uploaded by

    Jhune Abad
    36 views1 page
    Loan with Car Collateral Agreement

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    Macoy and Josh Cash Loan with Car Collateral Agreement

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    © © All Rights Reserved

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    Loan with Car Collateral Agreement

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    36 views1 page

    Macoy and Josh Cash Loan With Car Collateral Agreement

    Uploaded by

    Jhune Abad
    Loan with Car Collateral Agreement

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    LOAN AGREEMENT

    With Car Collateral Transaction

    2nd February 2024


    This is to acknowledged transaction receipt of cash loan agreement with CAR and
    CERTIFICATE OF REGISTRATION as collateral by and between the parties:
    (First Party)
    Mr. Edison Mark Rondilla Ponce (the “Borrower”) received the amount of Sixty
    Thousand Pesos (Php60,000.00) with car and certificate of registration as
    collateral with the following motor vehicle details:

    -and-
    (Second Party)
    Mr. Roldan Manambit (the “Lender”) gave the above-mentioned loan amount to
    the borrower with the following terms and conditions that:

    The First Party gave only the Car Official Receipt (OR) and Certificate of Registration
    (CR) to the Second Party, the subject car still remains to the First Party;

    The Second Party accepted the condition from the First Party that only the Car OR/CR
    remains on his side;

    Both parties agreed to pay the lender by the borrower within the extension of three (3)
    months requested by the borrower to the lender, provided that the past due interest
    was fully paid if any. In the event that the said extension term was remain due and
    unpaid, the subject car will voluntary deliver by the borrower to the lender. Upon the
    negotiation by the borrower to the lender to save his car from being forfeited, the
    lender has the right to possess the subject car and it’s up to him to give the borrower
    another chance to settle his obligation and take his car from the lender afterwards.

    Edison Mark Rondilla Ponce Roldan Manambit


    Signature over Printed Name of Borrower Signature over Printed Name of Lender
    (First Party) (Second Party)
    (Sgd.)
    Antonio S. Abad III
    Signature over Printed Name of Witness/es

    Note that this document is the extension period (from the first three(3) months terminated
    agreement dated 2nd October 2023 up to 2nd January 2024) requested by the First Party to
    the Second Party in verbal online agreed conditions as the new date indicated above
    written today and end on the 2nd March 2024.

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