NETWORK CONSOLIDATED COOPERATIVE BANK

MORTGAGE
This Mortgage executed by _____________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
Philippines, hereinafter called (irrespective number) the MORTGAGOR, in favor of NETWORK CONSOLIDATED COOPERATIVE BANK, a corporation duly
organized and existing under and by virtue of the laws of the Republic of the Philippines, with principal office of business and postal address at No. 160
Katipunan Ave., St. Ignatius, Quezon City.

WITNESSETH

That for and in consideration of certain loans, overdrafts and/or other forms of credit accommodations obtained from the Mortgagee, amounting to
PESOS:__________________________________________________________ (PHP ), Philippine Currency, and to secure the payment of
the same and those others that the Mortgagee may extend to the Mortgagor, including interest and expenses and other obligations owing by the Mortgagor to
the Mortgagee, the Mortgagor hereby transfers and conveys by way of Mortgage unto Mortgagee, its successors or assigns, the real and/or personal properties
which are described in the list at the back of this document, and/or in a supplementary list attached hereto, together with all the buildings and improvements
now existing or which may hereafter be constructed or planted thereon, all of which the Mortgagor declares that he is the absolute owner free from all liens
and encumbrances. In case the Mortgagor executed subsequent promissory note/s either as renewal of the former note, as an extension thereof, or as a new
or additional loan, or is given any other kind of accommodations such as overdrafts, letter of credit, acceptances and bills of exchange, releases of import
shipments under trust receipts, etc., this mortgage shall also stand as security for the payment of the said promissory note/s and/or accommodations without
the necessity of executing a new contract and this mortgage shall have the same force and effect as if the said promissory note/s and/or accommodations
were existing on the date hereof. This mortgage shall stand as security for said obligations and any all other obligations of the Mortgagor to the Mortgagee of
whatever kind and nature, whether absolute or contingent, direct or indirect, whether incurred by the Mortgagor as guarantor, surety or in another capacity,
and whether such obligations have been contracted before, during or after the constitution of this mortgage, and whether or not the total amount of such
obligations is greater than the amount indicated above. However, if the Mortgagor shall pay to the Mortgagee, its successors or assigns, the obligations
secured by this mortgage, together with interest, cost and other expenses, on or before the date they are due, and shall keep and perform all the covenants
and agreements herein contained for the Mortgagor to keep and perform, then this mortgage shall be null and void, otherwise, it shall remain in full force and
effect.
This Mortgage is constituted under the following conditions:
a.) The Mortgagor shall pay all expenses in connection with this mortgage, the cancellation or foreclosure thereof should the Mortgagee deem it
necessary, and all other fees and documentary stamps required by laws for its registration, as well as other instruments related herewith. The Mortgagor shall
likewise pay on time all taxes and assessments on the mortgaged property, reporting to the Mortgagee the fact of such payment of the dates on which they
were effected and surrendering to the mortgagee, for the duration of the Mortgage, such official receipts as may be issued to him after payment of such taxes
and other assessments; he shall insure, during the life of this mortgage, all the buildings, improvements and other properties covered thereby against fire,
earthquake and other risks for an amount and with such company as maybe satisfactory to the Mortgagee, endorsing and delivering to the latter the
corresponding policies, provided that at any time during the life of this Mortgage, the Mortgagor may, his/their/its option, secure such insurance coverage and
debit the premiums on such insurance against any fund or account of Mortgagor in the possession or control of Mortgagee. The Mortgagors shall not secure
any additional insurance policy on the mortgaged property without the consent of the Mortgagee and without properly endorsing in favor of the Mortgagee the
policies corresponding thereto. Each insurance policy shall, by virtue of these presents, be considered assigned to the Mortgagee, which shall, as such
assignee of the original and of the additional policy or policies, have authority to settle or liquidate, in case the risks insured against should occur, all claims
pertaining to said policy and apply the proceeds thereof to the account of the Mortgagor, which shall be credited only with the cash that the Mortgagee may
receive for said property, and only from the date it actually receives the same, the Mortgagor shall keep the mortgaged property in good condition, making
repairs, filling the land constructing protective walls that may reasonable be necessary, he shall have additional securities which may be required from time to
time by the Mortgagee when, in the judgment of the latter, the securities already given are/or have become insufficient, and the Mortgagor hereby authorizes
the Mortgagee to inspect the mortgaged property to ascertain the condition thereof and its actual value in the market;
b.) If at any time the Mortgagor shall refuse to pay the obligations herein secured, or any of the amortizations of such indebtedness when due, or to
comply with any of the conditions and stipulations herein agreed, or shall, during the time this mortgage is in force, institute insolvency proceedings or be
involuntarily declared insolvent, or if the mortgage cannot be recorded in the corresponding Registry of Deeds, then all the obligations of the Mortgagor secured
by this Mortgage all the amortizations thereof shall immediately become due, payable and defaulted and the Mortgagee may immediately foreclose this
mortgage judicially in accordance with the Rules of Court, or extra-judicially in accordance with Act No. 3135 as amended or Act 1508. For the purpose of
extrajudicial foreclosure, the Mortgagor hereby appoints the Mortgagee his attorney-in-fact to sell the mortgaged property, to sign all documents and perform
any act requisite and necessary to accomplish said purpose and to appoint its substitutes as such attorney-in-fact, with the same powers as above specified.
The Mortgagor hereby expressly waives the term of thirty (30) days or any other term grated or which may hereafter be granted him by laws as the period
which must elapse before the Mortgagee shall be entitled to foreclose this mortgage, it being specifically understood and agree that the said Mortgagee may
foreclose this mortgage at any time after the breach of any conditions hereof. In case of judicial foreclosure, the Mortgagor hereby consents to the appointment
of the Mortgagee or any of its employees as receiver, without any bond, to take charge of the mortgaged property at once, and to hold possession of the same,
including the rents benefits and profits derived from the mortgaged property before the sale, less the costs and expenses of the receivership; the Mortgagor
hereby agree further, that in all cases; attorney’s fees hereby fixed at Twelve percent (12%) of the total indebtedness then unpaid, which in no case shall be
less than P100.00 exclusive of all costs and fees allowed by law, and the expenses of collection, shall be paid to the Mortgagee out of any sums realized as
rents and profits derived from the mortgaged property or from the proceeds realized from the sale of said property and this mortgage shall likewise stand as
security therefore it is also agreed that the Mortgage may advance the taxes and insurance premiums due in case the Mortgagor shall fail to pay them;
c.) In case of the sale pursuant to the provisions of the preceding paragraph, such sale, whether made to the Mortgagee or to any other person or
persons, shall be made free from any right of redemption on the part of the Mortgagor, the right of redemption granted by Section 6 of said Act No. 3135 being
hereby expressly waived by the Mortgagor, and the President or any officers of the Mortgagee, at the time, of his substitute or substitutes, is/are hereby
expressly authorized and empowered as such sale to execute and deliver, on behalf of the Mortgagor or his/its name and stead, such deeds of conveyance
as may be necessary or proper for the purpose of vesting in the purchaser at such full; complete and absolute title to the property sold free from all liens and
encumbrances whatsoever;
d.) Effective upon the breach of any condition of this mortgage and in addition to the remedies herein stipulated, the Mortgagee is hereby likewise
appointed attorney-in-fact of the Mortgagor with full powers and authority, with the use of force, if necessary, to take actual possession of the mortgaged
property, without the necessity of any judicial order or any permission or power to collect rents, to reject tenants, to lease or sell the mortgaged property, or
any part thereof, at public or private sale without the previous notice or advertisement of any kind and execute the corresponding bills of sale, lease or other
agreement may be deemed convenient, to make repairs or improvements on the mortgaged property and pay for the same, and perform any other act which
the mortgagee may deem convenient for the proper administration of the mortgaged property. The payment of any expenses advanced by the Mortgagee in
connection with the purpose indicated is also guaranteed by this mortgage and such amount advanced shall bear interest at the rate of __________ per annum.
Any amount received from the sale, disposal or administration above-mentioned may be applied to the payment of repairs, improvements, taxes and
assessments and any other incidental expenses and obligations; to the payment of the original indebtedness and interest thereof, and also to the satisfaction
of all other obligations owing by the Mortgagor to the Mortgagee. The power herein granted shall not be revoked during the life of this mortgage, and all acts
that may be executed by the Mortgagee by virtue of said power are hereby ratified;
e.) In addition to the foregoing remedies, the Mortgagee shall have the right to apply, without notice to the Mortgagor, any fund belonging to the
Mortgagor on deposit with the Mortgagee, or otherwise to the full or partial payment of any obligation of the Mortgagor to the Mortgagee, as principal, surety
co-maker or any other capacity, whether such obligation was constructed prior to or during the life of the Mortgage;
f.) The Mortgagor shall neither lease the mortgaged property nor sell or dispose of the same in any manner, without the written consent of the
Mortgagee. However, if notwithstanding this stipulation and during the existence of the mortgage, the property hereby mortgaged, or any portion thereof, is
leased or sold, it shall be the obligation of the Mortgagor to impose as a condition of the sale, alienation or encumbrance that the vendee, or the party in whose
favor the alienation or encumbrance is made, should take the property subject to the obligation of this mortgage in the same terms and conditions under which
it is constituted, it being understood that the Mortgagor is not in any manner relieved of his obligation to the Mortgagee under this Mortgage by such sale,
alienation or encumbrance; on the contrary, both the vendor and the vendee, of the party in whose favor the alienation or encumbrance is made, shall be jointly
and severally liable for said mortgage obligation. It shall also be incumbent upon, the Mortgagor to make it a condition of the sale or alienation, that the vendee
or any other party in whose favor the alienation is made, shall recognize, as first lien, the existing mortgage or encumbrance in favor of the Mortgagee, as well
as any new or modified mortgage covering the same property to be executed by said Mortgagor in favor of the Mortgagee, and shall further agree, promise
and bind himself to recognize and respect any extension of the terms of the original mortgage granted by the Mortgagee in favor of the Mortgagor and such
extended mortgage shall be considered a superior encumbrance as the original mortgage. It is also further understood that should the Mortgagor sell, or in
any manner alienate or encumber the mortgaged property in violation of this agreement, he shall respond in damages to the mortgagee. The Mortgagor may
not transfer the properties herein mortgaged to another location without consent of the Mortgagee.
 g.) The rate of interest charged on the obligation secured by this mortgage as well as the interest on the amount which may have been advanced by
the Mortgagee in accordance with paragraph (b) and (d) hereof, shall be subject during the terms of this contract, to such an increase, within the limits allowed
by law of the Board of Directors of the Mortgagee may prescribe for its debtors;
h.) The Mortgagor hereby waives the right granted him under Section 119 of Commonwealth Act No. 141, known as the Public Land Act, as Amended;
i.) If, at any time during the existence of this mortgage and/or as long as the Mortgagor is indebted to the Mortgagee, the mortgaged properties or
any portion thereof shall be lost, damaged or shall suffer a depreciation in value due to any cause whatsoever, the Mortgagor, his successors or assigns, shall
give additional security acceptable to the Mortgagee, so as to bring the total value of the securities held by the Mortgagee to an amount not less than the value
of the securities as appraised by the Mortgagee at the time the original obligation was contracted and/or the subsequent additional loans were given; otherwise,
the Mortgagee may declare the entire obligations immediately due and demandable as if the period of the mortgaged obligation has expired;
j.) Should the property herein mortgaged be expropriated by the Government of the Philippines, or by any department, branch, subdivision, or
instrumentality by any province, municipality or township or by any person, association or body corporate duly authorized by law to acquire property by eminent
domain, all moneys paid for which may become payable on account or in consideration of the expropriation of the property mortgaged and/or any piece/s of
real estate property or personal property given in exchange for the property so expropriated shall be immediately delivered to the Mortgagee, which is hereby
expressly authorized to collect said moneys or receive such property from whomsoever they may be properly, due and payable, crediting the Mortgagor only
with the cash this received effective on the day the Mortgagee, receives the same and reserving the property received in exchange for those expropriated for
such further action as may be necessary to convert them into cash and apply the same on the accounts of the Mortgagor, the Mortgagor further covenants not
to agree upon any purchase price or exchange in consideration of the accounts of the property so expropriated without the written consent of the Mortgagee;
k.) Should the Mortgagee become involved I any litigation which may have relation with any or all of the properties mortgaged by virtue of this
instrument, all expenses of the Mortgagee in such litigation including a reasonable amount for attorney’s fee to be determined by the Mortgagee, shall be paid
by the Mortgagor and this Mortgagee shall stand as security therefore;
l.) All correspondence relative to the Mortgage, including demand letters, summons, subpoenas, or notification of any judicial or extra-judicial actions
shall be sent to the Mortgagor at the address given above or the address that may hereafter be given in writing by the Mortgagor to the Mortgagee, and the
mere act of sending any correspondence by mail or by personal delivery to the said address shall be valid and effective notice to the Mortgagor for all legal
purposes, and the fact that any communication is not actually received by the Mortgagor, or that it has been returned/unclaimed to the Mortgagee, or that no
person was found at the address given, or that the address is fictitious, or cannot be located, shall not excuse or relieve the Mortgagor from the effects of such
notice;
m.) The Mortgagor shall execute such other necessary documents as may be required f him by the Mortgagee;
n.) The Mortgagor shall not make any alteration upon or demolish any building or buildings herein mortgaged without the prior consent of the
Mortgagee;
o.) It is hereby agreed that in case of foreclosure of this Mortgage under Act 3135, the auction sale shall be held at the capital of the province if the
property is within the territorial jurisdiction of the province concerned, or shall held in the city if the property is within the territorial jurisdiction of the city
concerned;
p.) In case of judicial execution of this obligation or any part of it, the debtor waives all his rights under the provisions of Rule 39, Section 12 of the
Rules of Court;
q.) Notwithstanding any provisions of this mortgage to the contrary, the mortgage herein constituted shall, by direction of or with the consent of the
Mortgagor, stand as security for any present or future indebtedness, liabilities and obligations of any third party to the Mortgagee, and whenever such direction
or consent is given, expressly or impliedly, then all terms and conditions of this mortgage shall be applicable to the Mortgagor as if such indebtedness, liabilities
and obligations were incurred by the Mortgagor, it being understood that any default on the part of any such third party to comply with its obligations to the
Mortgagee shall be deemed a default of the Mortgagor and the Mortgagee may immediately avail of any of the remedies provided in this agreement and/or by
the law;
r.) Whenever any indebtedness, liabilities or obligations of the Mortgagor to the Mortgagee are partially secured by the property of any third party,
the latter’s signature on this mortgage or on any amendment hereof shall be deemed such third party’s consent to be bound jointly and severally with the
Mortgagor by all terms and conditions of this mortgage agreement;
s.) Should the indebtedness herein secured be secured by other properties of the Mortgagor, such as, but not limited to, pledge, the sale of the
properties mortgaged herein by the Mortgagee shall extinguish only such portion of the indebtedness as is equivalent to the amount of the proceeds of the
sale after deducting expenses, and the Mortgagee may proceed against such other properties for any balance of such indebtedness still unpaid, it being
understood that the Mortgagee, may at its option, to proceed first against such other properties before availing of its remedies under this mortgage. In any
event, the foregoing stipulation shall not bar the Mortgagee from securing deficiency judgment against the Mortgagor for any balance still unpaid to it, whether
or not such other properties given as security are sufficient in value to pay such balance;
t.) The property mortgaged is not tenanted.

TECHNICAL DESCRIPTION OF PROPERTY/IES MORTGAGED

Executed in _____________________________ this ___th day of ___________________.

______________________________________ _______________________________________
Mortgagor Mortgagor
With my marital consent:

__________________________ ________________________________________
Husband/Wife of Mortgagor Mortgagor

Signed in the presence of:

___________________________________ ________________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES

MUNICIPALITY OF ____________________) S.S.
PROVINCE/CITY OF ____________________)

In the locality mentioned above, on this ____th day of _______________________, before me, the undersigned Notary Public in and for the locality aforesaid
personally appeared:

Name Proof of Identity Date & Place of Issuance

____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
known to me and to me known to be the same person/s who executed the foregoing instrument and acknowledged to me that the same is their free and
voluntary and deed and that of the principal/corporation represented herein. This instrument refers to the mortgage of __________________ parcel/s of land
together with the improvements erected thereon, if any, and consist if ________ pages, including the back page hereof, all of which are signed by the party/ies
and witnesses on each and every page thereof.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed by notarial seal at _________________.
 NOTARY PUBLIC
Doc No. _____;
Page No. ____;
Book No. ____;
Series of _____.

(The following is to be accomplished in case the mortgage includes personal property)

OATH

We severally swear that the foregoing mortgage is made for the purpose of securing the obligations specified in the conditions thereof and for no other purpose,
and that the same is just and valid obligations and one not entered into for the purpose of fraud.

NETWORK CONSOLIDATED COOPERATIVE BANK ___________________________________________

Mortgagee Mortgagor
By:

________________________________ ____________________________________________
Mortgagor

CERTIFICATE OF OATH AND ACKNOWLEDGMENT

BEFORE ME, this ___th day of __________________________ in __________________, Philippines, personally appeared:

Name Proof of Identity Date & Place of Issuance

____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
known to me and to me known to be the same persons who signed the foregoing affidavit and deed of mortgage, and made as oath to the truth of the said
affidavit, and acknowledged that they executed the foregoing mortgage as their free and voluntary act and deed.

IN WITNESS WHEREOF, I have set unto my hand and affixed my notarial seal at _____________, Philippines, on the date hereinabove written.

NOTARY PUBLIC
Doc No. _____;
Page No. ____;
Book No. ____;
Series of _____.