DEED OF REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Real Estate Mortgage made and executed by and between:

EUGIENE ZAMORA SALOM, of legal age, Filipino, and with residence and postal
address at  Pasilyo 10 M.H. Del Pilar st. Brgy. 4, Calamba, Laguna, hereinafter reffered to as the
MORTGAGOR;

MARK GABRIEL A. LEDESMA, of legal age, married, Filipino, and with residence
and postal address at No.11 Osmeña St. Merville, Paranaque City, hereinafter to as the
MORTGAGEE.

WITNESSETH:

That the MORTGAGORS is the registered owner of a parcel of land with improvement,
covered by Transfer Certificate of Title No. 244267 with an area of Three Hundred Thirty
(330) Square Meters, located at Bucal, Southlake subdivision, Calamba, Laguna, more
partitcularly described as follows:

TRANSFER CERTIFICATE OF
TITLE No. 244267

Hereinafter referred to as the PROPERTY

That, the MORTGAGORS has requested for and was granted financial assistance by
the MORTGAGEE in the amount of ___________________________________________
Philippine Currency, payable within a period of three (3) months with ( %) interest per month.

That the MORTGAGORS is required to execute a good and valid estate mortgager in
favor of the MORTGAGEE over the PROPERTY described hereunder together with existing
improvements as well as and future that may be introduce thereon.

NOW THEREFORE, the parties hereto have agreed follows:

1. As security for the faithful performance by the MORTGAGOR of the obligations

enumerated herein and the performance of the covenants, representation and
warranties of the MORTGAGOR contained herein, the MORTGAGOR hereby
established and constitutes, in favor of the MORTGAGEE, a first mortgage and lien
in and to the above-described PROPERTY together with existing improvements and
whatever future improvements that may be introduced thereon, free from all liens and
 encumbrances of whatever nature or kind of which they are the absolute and
registered owners;

2. The MORTGAGOR shall discharge on time all taxes and assessments levied or
assessed on the mortgaged property. Should the MORTGAGOR fail to pay such
taxes and/or assessment, the MORTGAGEE may pay the same any sums advanced
by the MORTGAGEE for such taxes and/or assessments shall be promptly
reimbursed by the mortgagor upon demand with interest thereon at the rate of
THREE (3%) per month and until so reimbursed , such sums shall be secured by the
lien hereby constituted on the mortgaged property or otherwise shall form part of the
obligations of the MORTGAGOR to the MORTGAGEE;

3. In the event of default by the MORTGAGOR to comply with his obligations under
the note and this deed, the MORTGAGEE shall have the right or full authority to
foreclose this mortgage, judicially or extra-judicially as authorized under Act 3135, as
amended;

4. For the purpose of extrajudicial foreclosure hereunder, the MORTGAGOR hereby

appoints the MORTGAGEE or his duly authorized representative as the
MORTGAGOR’S attorney-in-fact with full power of substitution, to enter/sell the
mortgaged property or any portion thereof in accordance with the provisions of Act
No. 3135 as amended, and the stipulations herein set forth, to sign all documents and
perform any such act requisite or necessary to accomplish said purpose;

5. In case of judicial foreclosure, the MORTGAGEE shall be entitled as a matter of

right and the MORTGAGOR hereby consent to the appointment of the
MORTGAGEE or his duly authorized representative as receivers without bond to
take charge of the mortgaged property at once and to hold possesion of the same and
of the revenues, earnings, rent, profits, and other incomes thereof with such power
as the court making such appoint and confer;

6. All moneys release by the MORTGAGEE in the exercise of its rights, powers and
remedies herein shall be applied as follows:

a. To the reimbursement to the MORTGAGEE of all reasonable expenses,

taxes and costs of litigation and/or foreclosure and sale.
b. To the payment of all amounts so far paid or delivered by the
MORTGAGEE to the MORTGAGOR pusuant to the Notes plus the
agreed interest thereon and other penalty charges and such actual and
consequential damages which the MORTGAGEE may be entitled to
under the Note and this mortgage.
c. The balance, if any to the MORTGAGOR

7. If at any time, the MORTGAGOR shall fail to pay the interest for THREE (3)
months either CONSECUTIVE, declare this mortgage, payable and defaulted, the
MORTGAGEE may immediately foreclose this mortgage judicially or extra-
judicially under Act No. 3135 amended:

8. It is the principal of this mortgage that upon faithful compliance of all the obligations
in accordance with the terms of the Note and this mortgage, this mortgage shall ipso
facto become null and void otherwise it shall remain in full force and effect and shall
enforceable in the manner provided by law and by this mortgage;
 IN WITNESS WHEREOF, WE have hereunder set our hands this ___________ day of
___________ at __________.

EUGIENE ZAMORA SALOM

Mortgagor

MARK GABRIEL A. LEDESMA

Mortgagee

SIGNED IN THE PRESENCE OF:

______________________________________ __________________________________

REPUBLIC OF THE PHILIPPINES)

__________, _____________) S.S

ACKNOWLEDGEMENT

BEFORE ME, A Notary Public for and in __________, on this ______ day of _______
personally appeared:

NAME EVIDENCE IDENTITY

MARK GABRIEL A. LEDESMA

EUGIENE ZAMORA SALOM

Known to me to be the same persons who executed the foregoing instrument and acknowledged
that the same is their free and voluntary act and deed consisting of five (5) pages including this
page.

WITNESS MY HAND AND SEAL on the date and place stated above.

Doc. No._____;
Page No. _____;
Book No. _____;
Series of _____;
 PROMISSORY NOTE

For value received, ____________________________________ Philippine Currency, We,

FERNANDO F. QUELNAT JR. married to CATALINA F. QUELNAT, of legal age, Filipino,
and with residence and postal address at  Blk 266 Lot 7, Group 6, Zone 13, Pembo, Makati City,
promise to pay three (3) months within a period of said MORTGAGE, a parcel of land with
improvement, covered by Transfer Certificate of Title No. 244267 with an area of Three
Hundred Thirty (330) Square Meters, located at Bucal, Southlake subdivision, Calamba,
Laguna.

In case of default in payment, liquidated damages in the sum of equivalent to THREE ( %)

percent of the indebtedness shall be paid.

Done on this ___ day of __________ at _________, __________.

EUGIENE ZAMORA SALOM

Mortgagor

CONFORME:

MARK GABRIEL A. LEDESMA

Mortgagee

SUBSCRIBED AND SWORN to before me on this ___day of ______ at _______,

________________.

Doc. No. _____

Page No. _____
Book No. _____
Series of _____
 ACKNOWLEDGEMENT RECEIPT

RECEIVED FROM MARK GABRIEL A. LEDESMA, of legal age, married,

Filipino citizen, and a resident of No. 11 Osmeña St. Merville, Paranaque City, the amount of
___________________________________ Philippine Currency, as FULL PAYMENT for
LOAN of a parcel of land with improvement, covered by Transfer Certificate of Title No.
244267 with an area of Three Hundred Thirty (330) Square Meters, located at Bucal,
Southlake subdivision, Calamba, Laguna.

Done on this ____day of _____________ at ______, __________, Philippines.

Received by;

EUGIENE ZAMORA SALOM

Mortgagor

WITNESS:

______________________________

______________________________