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Clearance To Mortgage

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The document outlines the application process and requirements for obtaining a mortgage clearance from the Housing and Land Use Regulatory Board (HLURB) in the Philippines.

The application requires copies of affidavits from the owner/mortgagor and mortgagee bank, as well as a certified true copy of the property titles and list of titles to be mortgaged.

The mortgagee bank affidavit states terms regarding loan amounts, direct payments from buyers, notification of default, and partial/full title releases upon payment.

HLURB Form

APPLICATION FOR CLEARANCE TO MORTGAGE

_____________________
Date

The Regional Director


________________________________
HOUSING AND LAND USE REGULATORY BOARD
HLURB Bldg., Kalayaan Ave., cor Mayaman St.
Diliman, Quezon City

Sir:

Pursuant to Section 18 of PD No. 957 as amended and LRC Circular No. 48, the undersigned respectfully
applies for a clearance to mortgage _________________________________________________ lots/units
(No. of Lots/Units)
in ____________________________________________________________________________located at
(Subdivision / Condominium)
______________________________________________ square meters covered by Transfer/Condominium
(excluding road lots & open spaces) Certificate of Titles Nos. __________________

(use additional sheet if necessary)

Attached herewith are the following:


1. Two (2) copies of Affidavit of owner/mortgagor.
2. Two (2) copies of Affidavit of mortgage Bank.
3. One (1) Certified True Copy of Titles and list of titles to be mortgage.

____________________________________
Name & Signature of Applicant

Address : ________________________________
Telephone No. : ________________________________

SUBSCRIBE AND SWORN to before me this ______ day of ______________________ 20____,


Affiant exhibiting his/her Residence Certificate No. _____________________________________ issued at
__________________________ on ___________________________.

Doc No. _________ ______________________________


Page No. _________ NOTARY PUBLIC
Book No. _________
Series of 20_______
HLURB Form

REPUBLIC OF THE PHILIPPINES )


) S.S

AFFIDAVIT
(Mortgagee Bank)

I, _________________________________ of legal age, single/married, with residence and postal


address at __________________________________________________________ after being sworn to in
accordance with law hereby depose and say.

1) That I am the ___________________________ of the _________________________________


(State Position) (State name of Bank/Financing Institute)
property/ies of ___________________________________________________________________ located
at ___________________________________________________________________________________.
2) That the loan value of each lot/unit covered by the mortgage is
_____________________________________________________________________________________.
3) That this Bank/Financing institution shall accept direct payments made by the lot/unit buyers to
be applied to the mortgage indebtedness of the corresponding lot/unit and full payment thereof. To
release the individual titles thereat;

4) That this Bank/Financing institution shall notify, the Housing and Land Use Regulatory Board
in case of the mortgagors default of 3 months for monthly amortization and once for quarterly and
semiannualy amortization;

5) That in case of an additional loan on the same project or a restructuring of loan, this bank will
cause the mortgagor to have his previous loan in current form;

6) That as an authorized officer of the above-mentioned mortgagee bank, I hereby undertake to


partially release/cancel the mortgagee of fully paid lot(s) and/or units (s) in said
Subdivision/condominium/townhouses project notwithstanding the non-payment yet of the total mortgage
loan incurred by the mortgagor;

7) That I am executing this affidavit for and behalf of the Bank/Financing institution attesting to
the facts stated therein to comply with the requirements of the HLRB and for all legal instents and
purpose.

AFFIANT FURTHER SAYS NOTHING.

_____________________________
Affiant

SUBSCRIBE AND SWORN to before me this _______ day of ____________________________ 20___.


Affiant exhibiting before me his/her Residence Certificate No. ____________________________ issued at
___________________________________ on ________________________________.

_____________________________
NOTARY PUBLIC
Doc. No. ________
Page No. ________
Book No. ________
Series of ________
HLRB Form
HLURB Form

REPUBLIC OF THE PHILIPPINES )


______________________________ ) s.s

AFFIDAVIT
(Owner)

I, ______________________________________ of legal age, single/married, with residence and


postal address at __________________________________________________________ after being sworn
to in accordance with law hereby depose and say.

1) That I am the __________________________, of the _________________________________,


(State Position) (State name of Bank/Financing Institute)
owner/developer of ______________________________________________________________ located at
(State Subdivision)
_____________________________________________________________________________________.

2) That the said property/ies is/are to be mortgaged with _________________________________.


(State Name of Bank/Financial Institution)

3) That I shall notify the lot/unit buyers of the mortgage loan and that they shall be allowed to
make direct payments to the mortgagee bank in the even that I default in my amortization to enable
the said buyers to obtain title on the lot/unit promptly after full payment thereof;

4) That the proceed of the loan shall be used exclusively for the development of
the __________________________________________________________;
(Name of Subdivison/Condominium)

5) That I am executing this affidavit for and in behalf of abovestates corporation/partnership


attesting to the facts states therein to comply with the requirements of the HLRB and for all legal
intents and purposes.

AFFIANT FURTHER SAYS NOTHING.

_____________________________
Affiant

SUBSCRIBE AND SWORN to before me this _______ day of ____________________________ 20___.


affiant exhibiting before me his/her Residence Certificate No. ____________________________________
issued at ______________________ on ___________________________.

_____________________________
NOTARY PUBLIC
Doc. No. ________
Page No. ________
Book No. ________
Series of ________

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