REPUBLIC OF THE PHILIPPINES )

CITY OF CEBU ) S.S

REAL ESTATE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This Real Estate Mortgage, made by and between:
Ben Ferrer, of legal age, (single / married / widow), and a resident of
181-P Elizabeth Pond Ext. St., Cebu City, Philippines (hereinafter known as the
MORTGAGOR);
- and -
Banco de Oro Escario Branch, a corporation duly organized and existing under the
laws of the Philippines with office of business at 231 Escario St., Cebu City,
Philippines (hereinafter known as the MORTGAGEE);

WITNESSETH; That:
The MORTGAGOR is indebted unto the MORTGAGEE in the sum of TWO
HUNDRED TEN THOUSAND PESOS (P 210, 000), Philippine Currency, receipt of which is
acknowledged by the MORTGAGOR upon the signing of this instrument, payable to the
order of the MORGAGEE without need of prior demand or notice within a period of
SEVEN (7) MONTHS, at THIRTY THOUSAND PESON (P 30, 000) per month starting on July
1, 2012 and on every 30
th
of the month thereafter until fully paid, with interest thereon at the
rate of ONE PERCENT ( 1%) per month.
NOW, THEREFORE, for and consideration of the afore-mentioned indebtedness, and
to assure the performance of said obligation to pay, the MORTGAGOR does hereby convey
and DELIVER by way of MORTGAGE unto the MORTGAGEE, the following parcel of land,
together with all the improvements found and standing thereon, more particularly
described as follows:
TCT No. T-9132
A PARCEL OF LAND (Lot 32 of the consolidation-subdivision plan (LRC) Pcs-5141,
being a portion of the consolidation of Lots 1 and 2, Psu-112287 Amd., LRC (GLRO) Rec. No.
N-17511), situated in Escario St., Cebu City, Philippines. Bounded on the NE., points 3 to 6,
by Lot 85; on the S., points 6 to 1 by Lot 30; on the SW., points 1 to 2, by Lot 31; and on the
N., points 2 to 3 by Lot 35, all of the consolidation-subdivision plan. Beginning at a pont
marked "1" on plan, being N. 51 deg. 36' E., 1321.76 m. from B.L.L.M. No.1, Cebu City, Cebu
xxxxxxxx (a copy of which title is hereto attached as Annex "A")

That it is the condition of this Mortgage that should the MORTGAGOR perform the
obligation to pay the afore-cited indebtedness of TWO HUNDRED TEN THOUSAND PESOS
(P 210, 000) together with accrued interest thereon, within the agreed term, this Real Estate
Mortgage shall be discharged and shall at once become null and void and of no effect
whatsoever, otherwise, it shall subsist and remain in full force and effect and be subject to
foreclosure in the manner and form prescribed by law.
IN WITNESS WHEREOF, we have have hereunto set their hands, this at July
1, 2012 at the City of Cebu , Philippines.

Ben Ferrer Jane Gonzales
Branch Manager, Banco de Oro
MORTGAGOR MORTGAGEE

With my Marital Conformity:
Anna Ferrer

SIGNED IN THE PRESENCE OF:
Mark Tolentino Andrea Salazar



ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the City of Cebu this 1
st
day of July
2012, personally came and appeared:

Name Competent Evidence of Identity Place Issued/Validity Period

Mark Tolentino Drivers License No. 95904604 Cebu City 06/ 20/12
Andrea Salazar Drivers License No. 35983935735 Cebu City 05/ 14/12

known to me and to me known to be the same persons who executed the foregoing Real
Estate Mortgage and they acknowledged to me that the same is their free and voluntary
act and deed.

WITNESS MY HAND AND SEAL, at the date and place first above written.

Doc. No. 4;
Page No. 8;
Book No.3;
Series of 2012.