ANNEX “A” CONTRACT OF LOAN
KNOW ALL MEN BY THESE PRESENTS: This Contract is executed by and between: RESTITUTO Y. LIGO, LIGO , of legal age, Filiin Filiino, o, single single and a reside resident nt of No! "#$ %u&os 'ubdi(ision,)ara 'ubdi(ision,)arangay ngay *agugo, *agugo, Tagu& City!, +a(ao del Norte, Norte, hiliines, hiliines, hereinafter referred to as CREDITORCREDITOR- and DEBT DEBT Y. BAYA BAYAD, D, of legal legal age, Fili Filii ino no,, sing single le and and a resid resident ent of ## 'alu 'alu& & .o&es, )arangay +octolero, Tagu& City, +a(ao del Norte, hiliines, hereinafter referred to as DEBTORDEBTORW I T N E S S E T H: That the DEBTOR offers DEBTOR offers to borrow a su& of &oney in the a&ount of THREE MILLION PESOS (P3,000,000.00) (P3,000,000.00) fro& the CREDITOR and CREDITOR and the latter agrees to lend the said su& of &oney to the for&erThat the herein arties hereby agree to enter into a Contract of %oan un!" the the following ter&s and conditions:
"! That the arcel of land registered under the na&e of the DEBTOR, DEBTOR , which is articularly described below, shall be used as a security for the contract of loan herein entered into: TRANSFER CERTIFICATE OF TITLE NO. T#$%3%% & A arcel of land lot no! "#$/$, ls011 situated in the barangay of *agugo, City of Tagu&, ro(ince of +a(ao +el Norte, 2sland of *indanao, containing an area of ONE THOUSAND THREE HUNDRED TWENTY EIGHT ($,3') SUARE METERS !” 1! That the said loan shall &ature after six 345 &onths with "67 interest er &onth, until fully aid, which shall co&&ence uon signing hereof without any interest$! That the DEBTOR hereby DEBTOR hereby agrees that the original coy of the certificate of title of the the abo( abo(e0 e0r ro oer erty ty shal shalll be turn turned ed o(er o(er to the the CREDITOR until until full ay&ent has been &ade#! That the a&ount loaned shall be aid in full with "67 on or before August "#, 16"$/! That That the DEBTOR hereby DEBTOR hereby binds to execute a 'ecial ower of Attorney in fa(o fa(orr of the the CREDITOR authori8ing CREDITOR authori8ing the latter to sell the abo(e0described roerty and the roceeds thereof shall be ri&arily aid to the a&ount of loan loan here herein in ro( ro(id ided ed and and any any exce excess ss,, if any any, shal shalll be retu return rned ed to the the DEBTOR, DEBTOR, ro(ided howe(er that the abo(e0described roerty shall not be sold less than the a&ount of the THREE MILLION PESOS (P3,000,000.00) ! IN WITNESS WHEREOF, WHEREOF , the arties ha(e hereunto set their hands this "# th of February at Tagu& City, hiliines!
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RESTITUTO Y. LIGO Creditor assort No! 9#40$1106""
DEBT Y. BAYAD +ebtor assort No! $1#0$410"$1
SIGNED IN THE PRESENCE OF:
E%E*2A. +).E
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ACKNOWLEDGMENT
=eublic of the hiliines5 City of Tagu& 5ss! x 0 0 0 0 00 0 0 0 0 00 0 0 0 0 x BEFORE ME, a Notary ublic, for and in the City of Tagu&, ro(ince of +a(ao del Norte, hiliines, ersonally aeared the abo(e0na&ed ersons with their resecti(e identities below their signatures abo(e, ?nown to &e and to &e ?nown to be the sa&e ersons who executed the foregoing instru&ent and they ac?nowledged to &e that the sa&e is their own, free, (oluntary act and deed! This Contract of %oan consists of two 315 ages including this age where this Ac?nowledg&ent is written!
WITNESS MY HAND AND SEAL this "# th of February 16"$ at Tagu&c City, hiliines!
CASSIOPEIA N. CAMPANERO +oc! No! 11age No! $ )oo? No! " 'eries of 16"#!
Notary ublic Co&&ission 'erial No! "#$ ntil +ece&ber $", 16"# =oll of Attorney @6### 2) No! 111 0691""$0+a(ao T= No! "1$069$6"$0+a(ao
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