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X MORTGAGES
Form No. 1--Petition for Extra Judicial Foreclosure of Real Estate
Mortgage under Act 3135 as amended
(Petition for Extra
Judicial Foreclosure of Real Estate Mortgage under Act 3135 as
amended)
The
City/Provincial Sheriff
City/Province of
_____________,
Philippines
S I R:
G R E E T I N G S :
Mortgagee
_____________, of legal age,
Filipino, (single / married / widow),
and a resident of _____________,
Philippines, most respectfully alleges:
1.
That on
_____________, __Name
of Mortgagor-Debtor__,
of legal age, Filipino, (single / married /
widow), and a resident of
_____________, Philippines, executed a Real Estate
Mortgage in my favor mortgaging said property described in the Real
Estate Mortgage Contract hereto attached as Annex "A" and forming an
integral part hereof; to secure the payment of loan in the amount
which is shown in the promissory note executed by said
Mortgagor-Debtor dated _____________,
a copy of which is hereto attached as Annex "B";
2.
That to the best of my knowledge, the
mortgaged property is subject to no prior mortgage or any lien
whatsoever and is now in the possession and full control of the
above-named Mortgagor-Debtor;
2.
That the Mortgagor-Debtor defaulted in its
obligation under the aforementioned Real Estate Mortgage Contract
and Promissory Note;
3.
That under the terms and conditions of the
Real Estate Mortgage Contract, the Mortgagee is entitled to
foreclose extra-judicially the mortgaged property, which is more
particularly described as follows:
(Technical Description of Property)
4.
That by the terms and conditions of the
Real Estate Mortgage Contract herein-above referred to, the
principal obligation of the Mortgagor which has become overdue as of
_____________ is in the
amount of __________________________
(P___________), excluding
penalties, liquidated damages, past due interest, attorney's fee
representing ______% of the
total obligation due, other charges and expenses of foreclosure.
WHEREFORE, I respectfully request you to
take possession of the property described in the aforementioned Real
Estate Mortgage and sell the same at Public Auction in accordance
with the provisions of Act 3135 as amended. Please furnish the
undersigned and the Mortgagor-Debtor with copies of your notice of
Sale at least ten (10) days before the sale.
_____________,
Philippines, __Date__.
MORTGAGEE
(VERIFICATION)
Form No. 2--Real Estate Mortgage Without
Separate Promissory Note
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