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This DEED, made and executed by LIBERT GUTANA, of legal age, Filipino
citizen, married, and a resident of Prk 1 Hinaplanon, Iligan City herein referred as
SELLER, and AGUSTIN ALEGARBES, also of legal age, Filipino citizen, married, a
resident of Prk 2 Poblacion Bacolod, Lanao del Norte, herein referred as BUYER,
WITNESSETH:
That the SELLER is the registered owner of that certain Motorcycle registered at
the Land Transportation Office per CR No, 8845830-0 and OR No. 573162763, more
particularly described as follows:
ACKNOWLEDGME NT
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DEED OF EQUITABLE MORTGAGE
This DEED, made and executed by and between JERRY O. MARCERA, of legal
age, Filipino citizen, married, and a resident of Minaulon, Bacolod, lanao del Norte,
herein referred as MORTGAGOR, and DIOSCORO E. ADALA, also of legal age,
Filipino citizen, married, and a resident of Austin Heights, Kolambugan, Lanao del Norte,
herein referred as MORTGAGEE,
WITNESSETH:
That the same property is part of the shares of the MORTGAGOR per
Extrajudicial Settlement of Estate among heirs;
It is the essence of this contract of mortgage that in lieu of interest of the principal
obligation of P60,000.00, the MORTGAGEE shall have the right to enter the property
herein mortgaged, assume possession and management of the said riceland;
That this mortgage is redeemable in the same amount after three years, if not
redeemed then this mortgage shall continue;
IN WITNESS WHEREOF, the parties have hereunto set their hands this
______________ 2010 at Bacolod, Lanao del Norte, Philippines.
ACKNOWLEDGME NT
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F Mortgage p2