KNOW EVERYONE BY THESE PRESENTS:

This ANTICHRESIS CONTRACT is made and executed in Zamboanga

City on December 14, 2018, by and between:

JOSIEBETH B. AZUELO, of legal age, single, Filipino, and with

residence and postal address at 1234 ROSE DORMITORY, LAGUNA
HIGHWAY, BARANGAY CAMINS, ZAMBOANGA CITY, hereinafter
referred to as the DEBTOR.

-AND-

CHARMILA R. SIPLON, of legal age, single, Filipino and with residence

and postal address at 1456 SIBULAN DRIVE, BARANGAY TETUAN,
ZAMBOANGA CITY, hereinafter referred to as the CREDITOR.

WITNESSETH; That

WHEREAS, the DEBTOR is the owner of a residential property situated at

1234 Farmer’s Drive, Governor Ramos, Sta. Maria, Zamboanga City;

WHEREAS, the CREDITOR acquires the right to receive the fruits of this
property of his debtor, with the obligation to apply them to the payment of the
interest, if owing, and thereafter to the principal of his credit.

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

DEBTOR and CREDITOR hereby accepts this arrangement subject to the
following:

PRINCIPAL: Below are the PRINCIPAL amounts owed by debtor to the

corresponding creditor respectively, P1,695,000.00 (ONE MILLION SIX
HUNDRED NINETY FIVE PESOS).

ANNUAL INTEREST: Shall be 5% of the principal amount.

CREDITORS RIGHT OF ENTRY OR ABODE: The CREDITOR has the

right of entry or to live in this property with or without consent of the
DEBTOR unless CREDITOR has been fully paid by the DEBTOR.

CONTRACT CHANGES OR EXPIRY: The stipulations of this contract

shall only expire or be changed upon mutual written agreement of both
contracting parties.
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This contract of Antichresis shall be valid and binding between the parties,
their successors-in-interest, and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date

and place above written.

JOSIEBETH B. AZUELO CHARMILA R.

SIPLON

Signed in the presence of:

JHON PAUL C. TEVES DYBIE L. LUMINGKIT

ACKNOWLEDGEMENT

Philippines}
Zamboanga City }S.S

BEFORE ME, a Notary Public for and in Zamboanga City, personally

appeared:

Name TIN ID No. Date/Place Issued

JOSIEBETH B. AZUELO 10308090 May 07, 2014/ Zamboanga
CHARMILA R. SIPLON 72439000 August 12,
2017/Zamboanga

Known to me and to me known to be the same persons who executed the

foregoing instrument and acknowledged to me that the same is their free and
voluntary act and deed.

This instrument consisting of three (3) pages, including the page on

which this acknowledgement is written, has been signed on each and every
page thereof by the concerned parties and their witnesses, and sealed with my
notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.
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 PIA C. SOTTO
Notary Public
Until December 19, 2019
IBP No. 127369
PTR No. 27390
MCLE No. 023903
Doc. No. ______;
Page No. ______;
Book No. ______;
Series of ______.