CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

This Contract is executed by and between:

PAULYNN A. OLPOC, of legal age, Filipino, single and a resident of

Lot 13, BLock 13, Phase 2, Deca Homes, Tungkil, Minglanilla, Cebu,
Philippines, hereinafter referred to as CREDITOR; and

LEILA P. MORATA of legal age, Filipino, single and a resident of 1986

Hiddenville Subdivision, Cogon, Pardo, Cebu City, Philippines, hereinafter
referred to as DEBTOR;

W I T N E S S E T H:

That the DEBTOR offers to borrow a sum of money in the amount of

THREE MILLION PESOS (P3,000,000.00) from the CREDITOR and the
latter agrees to lend the said sum of money to the former;

That the herein parties hereby agree to enter into a Contract of Loan
under the following terms and conditions:

1. That the parcel of land registered under the name of the DEBTOR,
which is particularly described below, shall be used as a security for
the contract of loan herein entered into:

TRANSFER CERTIFICATE OF TITLE

NO. T-14344

“A parcel of land lot no. 14353, Pls-22 situated in

the barangay of Lawaan I, City of Talisay, Province of
Cebu, Island of Visayas, Philippines, containing an area
of ONE THOUSAND THREE HUNDRED TWENTY
EIGHT (1,328) SQUARE METERS.”

2. That the said loan shall mature after six (6) months with 10%
interest per month, until fully paid, which shall commence upon
signing hereof without any interest;

3. That the DEBTOR hereby agrees that the original copy of the
certificate of title of the above-property shall be turned over to the
CREDITOR until full payment has been made;

4. That the amount loaned shall be paid in full with 10% on or before
February 14, 2019;

5. That the DEBTOR hereby binds to execute a Special Power of

Attorney in favor of the CREDITOR authorizing the latter to sell the
above-described property and the proceeds thereof shall be
primarily paid to the amount of loan herein provided and any
 excess, if any, shall be returned to the DEBTOR, provided however
that the above-described property shall not be sold less than the
amount of the THREE MILLION PESOS (P3,000,000.00).

IN WITNESS WHEREOF, the parties have hereunto set their hands

this 14th of August at Talisay City, Philippines.

PAULYNN A. OLPOC LEILA P. MORATA

Creditor Debtor

SIGNED IN THE PRESENCE OF:

HARLEY HAZEL B. MONTOYA & THALIA JANE D. PABROA

ACKNOWLEDGMENT

Republic of the Philippines)

City of Talisay ) S.S.

BEFORE ME, a Notary Public, for and in the City of Talisay, this 14th
day of August 2018 personally appeared:

Name Identification Cards Issued On/At

PAULYNN A. OLPOC SSS I.D. No. 05-0862550-0 2-5-18/Cebu City
CTC No. 33438163
LEILA P. MORATA SSS I.D. No. 06-0973440-0 2-2-18/Cebu City
CTC No. 44549274
HARLEY HAZEL MONTOYA SSS I.D. No. 09-0294780-0 4-9-18/Cebu City
CTC No. 55650385
THALIA JANE B. PABROA SSS ID No. 01-0448630-0 4-4-18/Cebu City
CTC No. 67061496

All known to me to be the same persons who executed the foregoing

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

This instrument consisting of three (2) pages, including this page on

which this acknowledgment is written refers to a CONTRACT OF LOAN and
has been signed by the parties and their witnesses and sealed with my
notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL.

ATTY. LIVEN MITZ C. MORATA

Doc. No. 22; Notary Public

Page No. 3 ; Commission Serial No. 143
Book No. 1 ; Until December 31, 2019
Series of 2018. Roll of Attorney 70444
IBP No. 222 -08/21/18-Cebu
PTR No. 123-08/30/18-Cebu