KNOW ALL MEN BY THESE PRESENTS:

This ANTICHRESIS CONTRACT is made and executed in Zamboanga City on

December 14, 2018, by and between:

JOSIEBETH B. AZUELO, of legal age, single, Filipino, and with residence and postal
address at 1234 ROSE DORMITORY, LAGUNA HIGHWAY, BARANGAY
CAMINS, ZAMBOANGA CITY, hereinafter referred to as the DEBTOR.

-AND-

CHARMILA R. SIPLON, of legal age, single, Filipino and with residence and postal
address at 1456 SIBULAN DRIVE, BARANGAY TETUAN, ZAMBOANGA CITY,
hereinafter referred to as the CREDITOR.

WITNESSETH; That

WHEREAS, the DEBTOR is the owner of a residential property situated at 1234 Farmer’s
Drive, Governor Ramos, Sta. Maria, Zamboanga City;

WHEREAS, the CREDITOR acquires the right to receive the fruits of this property of his
debtor, with the obligation to apply them to the payment of the interest, if owing, and
thereafter to the principal of his credit.

NOW THEREFORE, for and in consideration of the foregoing premises, the DEBTOR
and CREDITOR hereby accepts this arrangement subject to the following:

PRINCIPAL: Below are the PRINCIPAL amounts owed by debtor to the corresponding
creditor respectively, P1,695,000.00 (ONE MILLION SIX HUNDRED NINETY FIVE
PESOS).

ANNUAL INTEREST: Shall be 5% of the principal amount.

CREDITORS RIGHT OF ENTRY OR ABODE: The CREDITOR has the right of entry
or to live in this property with or without consent of the DEBTOR unless CREDITOR has
been fully paid by the DEBTOR.

CONTRACT CHANGES OR EXPIRY: The stipulations of this contract shall only

expire or be changed upon mutual written agreement of both contracting parties.

This contract of Antichresis shall be valid and binding between the parties, their
successors-in-interest, and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place
above written.

1
 JOSIEBETH B. AZUELO CHARMILA R. SIPLON

Signed in the presence of:

JHON PAUL C. TEVES DYBIE L. LUMINGKIT

ACKNOWLEDGEMENT

Philippines}
Zamboanga City }S.S

BEFORE ME, a Notary Public for and in Zamboanga City, personally appeared:

Name TIN ID No. Date/Place Issued

JOSIEBETH B. AZUELO 10308090 May 07, 2014/ Zamboanga
CHARMILA R. SIPLON 72439000 August 12, 2017/Zamboanga

Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act and
deed.

This instrument consisting of three (3) pages, including the page on which this
acknowledgement is written, has been signed on each and every page thereof by the
concerned parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.

PIA C. SOTTO
Notary Public
Until December 19, 2019
IBP No. 127369
PTR No. 27390
MCLE No. 023903
Doc. No. ______;
Page No. ______;
Book No. ______;
Series of ______.