REAL ESTATE MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This REAL ESTATE MORTGAGE, made and executed by and between
NEW AGE PUBLICATIONS, INC., a corporation duly organized and existing
under Philippine laws, with business address at Building 0000 Xxxxx
Xxxxx Xxxxx Xxx Xxxxxxxx, Xxxxxxxxxxx, represented herein by its
President, XXXX XXXXXXXXX, hereinafter referred to as the "NEW AGE";
-and-
TOUCHSTONE TRANSPORT SERVICES, INC., a corporation duly organized and
existing under Philippine laws with office address at Xxxx. 0000,
Xxxxx Xxxxx Xxxxx Xxx Xxxxxxxx, Xxxxxxxxxxx. represented herein by its
Vice-President, XXX XXXXXXX, XX., hereinafter referred to as
"TOUCHSTONE"
WITNESSETH That:
TOUCHSTONE hereby conveys by way of real estate mortgage unto NEW AGE the
following described real properties together with all the therein, both situated
in Olongapo City, to wit:
TCT No. T-8197
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A parcel of land (Lot 3, Plan Psu-214168, LRC Case No. N-13-0, LRC Record
No. N-30209), situated in the Barrio of Matain, City of Olongapo. Bounded on the
NE., SE., & SW., from point 2-6 by Subic Bay; and on the W., & NW., from points
6-1-2 by Lot 1. Beginning at a pt marked "1" on plan being S. 72 deg. 04'E.,
1350.00 m. from B.L.B.M. #1, Bo. of Matain, Municipality of Zambales; thence N.
75 deg. 37'E., 55.28 m. to point 2; S. 43 deg. 01'E., 80.30 m. to point 3; S. 18
deg. 01'W., 29.99 m. to pt. 4; S. 66 deg. 01'W., 35.06 m. to pt. 6; N. 6 deg.
02'E., 65.83 m. to the point of beginning; containing an area of EIGHT THOUSAND
EIGHTY TWO (8,082) SQUARE METERS, more or less. All points referred to are
indicated on the plan and are marked on the ground, bearings true, dates of
Survey, May 15-17, 1964.
1
and
TCT No. T-8198
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A parcel of land (Lot 1-I-2 of the subdivision plan, Psd-03-086974
being a portion of Lot 1-I Psd-03-031751 LRC Xxx.Xx. ), situated in
the Barrio of Barretto, Olongapo City. Bounded on the NW., along line
1-2 by Lot 1-MM Psd-03-031751; on the E., along line 2-3 by Lot 3,
Psu-214168; on the SW., along line 3-4 by Salvage Zone; on the NW.,
along line 4-5 by Lot 1-I-1 of the subd. plan; along line 5-1 by Lot
1-MM Psd-03-031751. Beginning at a point marked "1" on plan being S.
70 deg. 18'E., 1324.93 m. from BLBM #1, Matain, Subic; thence N. 58
deg. 24'E., 20.35 m. to pt. 2; S. 06 deg. 02W., 38.84 m. to pt 3; N.
63 deg 01'W., 23.67 m. to pt. 4; N. 19 deg. 09'E., 18.97 m. to pt. 5;
S. 69 deg. 14'E 1.83 m. to the pt. of beginning, containing an area of
FIVE HUNDRED FIFTY FOUR (554) SQUARE METERS, more or less. All points
referred to are indicated on the plan and are marked on the ground by
Old PS and PS cyl. conc. mons. 15x60 cm., bearings true, date of
original survey, May 15-17, 1964 and that of the subdivision survey,
March 18, 1997 and was approved on March 21, 1997.
of which real properties TOUCHSTONE is the registered owner in accordance with
the provisions of the Land Registration Act, its title thereto being evidenced
by Transfer Certificates of Title Nos. 8197 and 8198, of the Registry of Deeds
of Olongapo City;
This real estate mortgage is given as security for the payment to NEW AGE
of a certain loan in the amount of Six Million Pesos (P 6,000,000.00) or its
U.S. dollar equivalent with interest at the interest of Five (5%) percent per
annum pursuant to a Loan Agreement dated 1 May 1997 which is attached as Annex
"A" and made an integral part of this Deed of Real Estate Mortgage.
The conditions of this REAL ESTATE MORTGAGE are such that if TOUCHSTONE
shall well and truly pay or cause to be paid unto NEW AGE the aforesaid sum with
accrued interest, then this mortgage shall be of no force and effect; OTHERWISE,
the same shall remain in full force and effect and shall be enforceable in the
manner provided by law.
IN WITNESS WHEREOF, the parties have hereunto have signed these presents at
the City of Manila, on this ________ day of _______________.
2
NEW AGE PUBLICATIONS., INC. TOUCHSTONE TRANSPORT
SERVICES, INC.
NEW AGE PUBLICATIONS, INC. TOUCHSTONE TRANSPORT SERVICES, INC.
By:/S/ Xxxx Xxxxxxxxx By: /S/ Xxx Xxxxxxx Xx.
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XXXX XXXXXXXXX XXX XXXXXXX, XX.
President Vice-President
SIGNED IN THE PRESENCE OF:
-------------------------- ---------------------------------
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES )
) SS.
BEFORE ME, a Notary Public for and in ___________, on this _____ day of
______________ 19___, personally appeared the following:
NAME CTC No./PASSPORT NO. DATE/PLACE ISSUED
Xxxx Xxxxxxxxx
Xxx Xxxxxxx, Xx.
known to me to be the same persons who executed the foregoing instrument and
acknowledged to me that the same are their free and voluntary acts and deeds.
This Real Estate Mortgage consisting of three (3) pages including this page
on which this acknowledgement is written has been signed by the parties and
their instrumental witnesses on each and every page hereof.
WITNESS MY HAND AND SEAL on the date and place first above written.
Do. No.
Page No.
Book No.
Series of ___________.
