HTML Preview Real Estate Mortgage With Promissory Note page number 1.

REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Real Estate Mortgage made and executed by and between:

_________________________, of legal age, Filipino, single / married to

___________________, with residence at ________________________, and

hereinafter referred to as the “MORTGAGEE”.

.

WITNESSETH: That –

WHEREAS, the MORTGAGOR is the absolute and registered owner of a parcel of

land situated at ______________________________________, covered by Transfer

Certificate of Title No. ____________ of the Registry of Deeds for _________________;

WHEREAS, the MORTGAGOR has agreed to secure the payment of the Note to the

MORTGAGEE by means of a good and valid mortgage upon the property herein described

below;

NOW, THEREFORE, for and in consideration of the foregoing premises and as

security for payment of the aforesaid obligation, the MORTGAGOR has transferred and

conveyed, and by these presents transfer and convey by way of MORTGAGE, unto the

MORTGAGEE, his/her heirs, successors or assigns the aforesaid parcel of land [with/without

improvements] situated at _________________________________, and more particularly

described as follows:

[Insert technical description here]

It is agreed and understood that if at any time the MORTGAGOR shall fail or refuse to

pay the obligations herein secured, or default in any installment(s) and/or amortization(s) of

such indebtedness or the principal obligation when due, or to comply with any of the

conditions and stipulations herein agreed or in the separate instruments evidencing the

obligations hereby secured or shall, during the time this mortgage is in force, institute

insolvency, suspension of payment or similar proceedings, or be involuntary declared

with full power and authority to take actual possession of the mortgaged property at once,