8/19/2019 Contract of Loan

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CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

 This contract of loan is entered into by and between:

MARK NOBEL BAYRANTE, Filipino, of legal age, married, with residence and

postal address at Salog, East District, Sorsogon City and with full capacity to enter

into this contract according to the provisions of the Civil Code of the Philippines and

hereinafter referred to as the CREDITOR and

ACASIO BABASA, also a Filipino, of legal age, married to LIWAYWAY 

BABASA, with residence and postal address at Seabree!e "omes, #rgy$ Cabid%an,

East District, Sorsogon City, with full capacity to enter into this contract and

hereinafter referred to as the DEBTOR/BORROWER$

W I T N E S E T H

&$ The debtor is in dire need of money in the amount of F'FT( T")*S+D PES)S -P

./,///$//0 Philippine Currency and thus came to undersigned creditor and as1ed

that he be given2e3tended with loan in the said amount$

4$ Creditor agreed to e3tend a loan to the debtor provided that the amount to be given

shall bear interest of ten percent -&/50 per month until the entire loan obligation is

paid to which the debtor agreed$

6$ The parties also agreed that in order to secure the loan, the debtor shall surrenderthe Certi7cate of Title of his real estate property situated at Euroville Subdivision,

#alogo and #ibincahan, East District, Sorsogon City with the following description to

wit

 Transfer Certi7cate of Title o$ T%89664, ot 6 #loc1 &6 of the consolidated

subdivision survey Pcs%/.%//4&;4 being a portion of ot 4 Pcs%/.%//&6&9 and

ot 6>>>>>>>>>>>>>>>>>>>>>>>>>>>>, -P >>>>>>>>>>>>>>>0 which represent the principal

amount of the loan sub?ect of this contract and the debtor do hereby ac1nowledge

receipt of the amount in Philippine Currency$

8$ The debtor further understood that the cash released to him2her according to this

loan is >>>>>>>>>>>>>>>>>>>>>>>>>>>>, -P>>>>>>>>>>>>>>>>0 and nothing is to be

deducted therefrom as down payment and2or trade%in, there is no service or even

notarial charges$ For this purpose, the debtor certi7es compliance by the creditor of 

the provision of @epublic +ct 6

8/19/2019 Contract of Loan

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IN WITNESS WHEREOF, the parties have hereunto aA3ed their signatures

this >>>>>>> dayof >>>>>>>>>>>>>>>>>>>>>>>>, 4/&6 at >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>, Philippines$

MA. THERESA J. LAURA  >>>>>>>>>>>>>>>>>>>>>> Creditor DebtorCTC o$ >>>>>>>>>>>>>> CTC o$ >>>>>>>>>>>>>>  'ssued on >>>>>>>>>>>>>> 'ssued on >>>>>>>>>>>>>>  'ssued at Sorsogon City 'ssued at >>>>>>>>>>>>>>  'D o$ >>>>>>>>>>>> 'D o$ >>>>>>>>>>>>>>>>  'ssued by the DepEd 'ssued by the DepEd

WITNESSES:

 >>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>>>>>> 

ACKNOWLEDGMENT

@epublic of the Philippines 0Province of >>>>>>>>>>>0 S$S$

 >>>>>>>>>>>>>>>>>>>>> 0

BEFORE ME,  this >>>>> day of >>>>>>>>>>>>>>>>>>>, 4/&6 in the City of 

 >>>>>>>>>>>>>>>>>>, personally appeared =+$ T"E@ES+ B$ +*@+ and

 >>>>>>>>>>>>>>>>>>>>>>>>>>, e3hibiting to me their Community Ta3 Certi7cate writtenbelow their names together with their respective identi7cation cards bearing their

pictures as competent evidence of their person, 1nown to me to be the same

persons who e3ecuted the foregoing instrument, and ac1nowledged to me that the

same is their free and voluntary act and deed$

 This instrument, consisting of two -40 pages, including the page on which this

ac1nowledgment was written, has been signed on the left margin of each and every

page thereof by the parties and their witnesses$

Doc$ o$ >>>>>>>> Page o$ >>>>>>>>  NOTARY

PUBLIC#oo1 o$ >>>>>>>> Series of 4/&6