REAL ESTATE MORTGAGE

This Real Estate Mortgage executed by:

__________________________________________, of legal age, Filipino, married, and a resident of
_________________________________ referred to as the MORGAGOR in favor of NICKEL COLLECTION
LENDING INVESTOR, INCORPORATED, a domestic company duly organized and existing under and by virtue of
the laws of the Philippines, with principal place of business Door 2 Josie apartment Palma Gil St. , Bo. Obrero, Davao
City, Philippines represented by its President and General Manager _____________________, Hereinafter referred
to as the MORTGAGEE.

WITNESSETH:

That for and in consideration of certain loans, overdrafts and other credit accommodations obtained from the
Mortgagee, amounting to TWO HUNDRED THOUSAND (₱ 200,000.00) PESOS Philippine Currency, and to secure
the payment of the same and those others that the Mortgagee may heretofore have extended or hereafter extend to
the Mortgagor and/or

AMOUNT FINANCED: ₱ 200, 000. 00

TERM: ____1 year____
INTEREST RATE: 15% per annum
SURCHARGE is 10% of the monthly interest

Including interest at the rate specified in the promissory note(s) or other evidence of indebtedness secured by this
mortgage and expenses and all other obligations of the Mortgagee of whatever kind or nature, whether direct or
indirect, principal of secondary, as appear in the accounts, books and records of the Mortgagee, whether Such
obligations have been contracted before, during or after the constitution of this mortgage, the Mortgagor does hereby
transfer and convey by way of mortgage unto the Mortgagee, its successors or assigns, the parcels of land which are
described in the list inserted at the back of this document, or in a supplementary list attached hereto, together with all
the buildings and improvements now existing or whish may hereafter be erected or constructed thereon and all
easements, sugar quotas, agricultural or land indemnities, aids or subsidies, including all other rights or benefits
annexed to or inherent therein, now existing or which may hereafter exist, and also assets acquired with the proceeds
of the loan hereby secured, all of which the Mortgagor declares that he is the absolute owner free from all liens and
mcumbrances. In case the Mortgagor executed a subsequent promissory note/s either as renewal of the former | :
notéas an extension thereof, or as new/additional loan, or is given any other kind of accommodation such as  4 over
rafts, letters of credit, bills of exchange, releases of import shipment on trust receipts, acceptances, or notes ing out
of the current commercial transaction, etc., this mortgage shall also stand as security for the payment of the said
promissory notes and/or accommodations without the necessity of executing a new contract and this mortgage shall
have the same force and effect as if the promissory notes and/or accommodations were existing on the date thereof.
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:

1. The Mortgagor shall not use or apply the amount obtained from the loans of this date except for
personal purpose;

2. 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
law for its registration, as well as for other instruments related hereto. The Mortgagor shall pay on time on taxes and
assessments on the mortgaged property reporting to the Mortgagee the fact of such payment on the dates they were
effected and surrendering to the Mortgagee, for the duration of this mortgage, such official receipts as may be issued
to him upon payment to such taxes and other assessments. The Mortgagor shall keep the mortgaged property in
good conditions, making such repairs, filling the land, and constructing such protective walls as may be necessary.
He shall insure, during the life of this mortgage, at his own expense, all the buildings, improvements and other
properties covered thereby against fire and earthquake, for such amounts and with such company, or companies as
are satisfactory to the Mortgagee, indorsing and delivering to the latter the corresponding policies. And in default
thereof, the Mortgagee may, at its option, make or cause to be made such repairs and pay and discharge such taxes
and assessment and insure the mortgaged buildings and improvements, and any and all sums so paid by the
Mortgagee for such repairs and/or taxes and/or assessments and/or insurance shall earn interest at the same rate as
the principal obligation and shall be considered and held to be secured by this mortgage and be a lien on the
properties herein mortgaged. The Mortgagor shall not secure any additional insurance policy on the mortgaged
property without the consent of the Mortgagee. However, if the Mortgagor should secure additional insurance on the
mortgaged property without the consent of the Mortgagee and without properly indorsing in favor of the Mortgagee
the polices corresponding thereto, the same Mortgagee, which shall, as such assigned of the original land  of the
additional policy or policies, have authority to settle or liquidate in case the risk or risks insured against occur, all
claims pertaining to said policy and apply the proceed thereof to the account of the Mortgagor and the Mortgagor
shall be credited only with the net cash proceeds that the Mortgagee may receive from said insurance and only from
the date it actually receives the same. Moreover, the Mortgagor shall give 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 shall authorize the Mortgagee to inspect the mortgaged property to ascertain the condition
thereof and its actual value in the market;

3. If at any time the Mortgagor shall fail or refuse to pay the obligations herein secured, or any of the
amortization of such indebtness when due, or to comply with a with any of the conditions and stipulations herein

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agreed, or shall, during the time this mortgage is in force, institute insolvency proceedings or be involuntarily declared
insolvent, er shall use the proceeds of this mortgage cannot be recorded in the corresponding Registry of Deeds,
then all the obligations secured in by this Mortgage and all the amortization thereof shall immediately become due,
payable and defaulted and the Mortgagee may, at its election, immediately foreclosure this mortgage judicially in
accordance with the Rules of Court, or extra-judicially in accordance with ACT No, 3133, as amended. For the
purpose of extra-judicial foreclosure, the Mortgagor hereby appoints the Mortgagee his Attorney-in-fact, with full
power of substitution, to sell the property mortgaged under ACT No. 3135, as amended, to sign all documents and
perform any and all acts requisite and necessary to accomplish said purpose and to appoint its substitutes as such
attorney-in- fact with the sane powers as above specified. In case of judicial foreclosure, the Mortgagor hereby
consents to the appointment of the Mortgagee or of any hold possession of the same and rents, benefits and profits
derived from the mortgage property before the sale, less the costs and expenses of the receivership; the Mortgagor
hereby agrees further that in all cases, attorney’s fees hereby fixed at 25% of the total unpaid indebtness, including
interest, which attorney’s fees in no case shall be less that P500.00 exclusive of all cost and fees allowed by law, and
the expenses of collection shall be the obligation of the Mortgagor and shall with priority, be paid to the Mortgagee
out of any e ums realized as rents and profits derived from the mortgaged property or form the proceeds realized
from the sale " Nei property; and this mortgage be likewise stand a security therefore;

4. The remedy of the Mortgagee under the powers of sale hereby conferred upon it shall be and is in
addition to and cumulative with the present or any future laws of the Philippines;

5. The Mortgagee may be a bidder at the sale of the properties hereby mortgaged to it, whether under
foreclosure proceedings or under the powers of sale herein provided, or otherwise;

6. Effective upon the breach of any condition of this mortgage and in addition to the remedies with. full
powers and authority to take actual possession of the mortgage property, without the necessity of any judicial order,
or any permission, with the powers among others, to collect rents, eject tenants, to lease or sell the mortgaged
property, or any part thereof, at a private sale without the previous notice or advertisement of any kind and executed
the corresponding bills of sale, lease or other agreement that may be deemed convenient; to make the 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 Mortgagec in connection with the purpose indicated herein is also guaranteed by this Mortgage and all amount
advanced under this or any other paragraph of this mortgage, shall bear interest at the same rate as the principal
obligation secured by this mortgage. Any amount received from the sale, disposal or administration above-mentioned
may be applied to the payment of the repairs, improvements, taxes and assessments and any other incidental
expenses and obligations and also the payment of the original indebtness and/ or interest thereof. The ower herein
granted shall not be revoked during the life of this mortgage, and all acts that may be executed by the ortgagee by
virtue of said power are hereby ratified;

7. In case of sale pursuant to the provisions of this mortgage, whether made to the Mortgage or to any
other person or persons, the Mortgagee or his substitute(s) is hereby expressly authorized and empowered at such
sale to execute and deliver, on behalf of the Mortgagor or in his name and stead, such deeds of conveyance and
other documents as may be necessary or proper for the purpose of vesting in the purchaser at such sale full,
complete and absolute title to the property so sold, free from all liens and encumbrances whatsoever;

8. The Mortgagor shall neither lease the mortgaged property nor dispose or encumber the same in
any manner, without the written consent of the Mortgagee. However, if notwithstanding this stipulation and during the
existence of this mortgage, the property hereby mortgaged or any portion thereof, is leased or sold, it shall be the
obligation on the Mortgagor to impose as a condition of the sale, alienation or encumbrances that the vendee or the
party in whose favor the alienation or encumbrances is to be 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 vendee, or the party in whose favor the alienation or
encumbrance is made shall be jointly and severally liable for said mortgage obligations. It shall also be incumbent
upon the Mortgagor to make it 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 as may 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 as prior and superior encumbrance as the original mortgage. It is also further understood that should
the Mortgagor lease, or in any other manner dispose or encumber the mortgaged property in violation of this
agreement he shall respond in damage to the Mortgagee. Moreover, should the Mortgagee authorize the Mortgagor
to lease the mortgaged property or any party thereof or should the Mortgagor lease the same without the prior written
consent of the Mortgagee, the rentals there from shall be deemed assigned n favor of Mortgagee who shall be
considered irrevocably authorized to collect rentals and supply the same to the loan account after deducting the
expenses of collection and other charges. Acceptance of rentals shall be without prejudice to the right of the
Mortgagee to foreclose the Mortgage and/or tale the necessary legal action for violation of the mortgage contract;

9. The rate of interest and/ or company charges imposed on the obligations secured by this
mortgaged during its terms, its renewals, or otherwise changed from time to time within the rate interest and charges
allowed undér the present or future law/s and/or government regulations as the Mortgagee may prescribe for its
debtors;

10. The Mortgagor hereby waives the right granted him under Section 119 of Commonwealth Act No.
141, known as the Public Land Act, as amended and agrees to abide and to be bound by the provisions of Act No. 3
139, as amended, and Republic Act NO. 337 as amended also known as “General Banking Act”, as well as all other
orders, circulars, directives, and instructions of the Central Bank of the Philippines as any affect this mortgage;

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 11. In addition to the stipulation in paragraph (2) hereof, if at any time, during the existence of this
mortgage and/o as long as the Mortgagor so indebted to the Mortgagee, the mortgage properties or any portion
thereof shall be lost, damaged or suffer a depreciation in value due to any cause whatsoever, the Mortgagor, or his
successors or assigns, shall give additional security acceptable to the Mortgage, so as to bring the total 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 all obligations secured by this mortgage and/or
subsequent deeds pertaining hereto immediately due and demandable as if the period of the mortgage obligations
had expired;

12. Should the property herein mortgaged be expropriated by the Government of the Republic of the
Philippines or by any of its department, branch, subdivisions, or instrumentality thereof, or by any of the local
government units or by any person, association of corporate body duly authorized by law to acquire property by
eminent domain, all moneys paid or which may become payable on account or in consideration of the expropriation of
the property mortgage and/or any piece or pieces of real estate property or personal property given in exchange for
the property so expropriated shall be immediately delivered to the Mortgagee, who 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 cash thus received effective in the say the Mortgage received 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 to the accounts of the Mortgagor, and the Mortgagor further binds not to agree upon
any purchase price or exchange in consideration of the property so expropriated without the written consent of the
Mortgagee;

13. Should the Mortgagee become involved in any litigation which may give 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 fees to be determined by the Mortgagee, shall be paid by the Mortgagor and this
Mortgagee shall stand as security therefore; Moreover, in the event of such litigation , any and all obligations of the
Mortgagor shall likewise become immediately due, payable and defaulted;

14. All correspondence relative to this mortgage including demand letters, summons, subpoenas and
other notifications, judicial or extra-judicial, shall be sent to the Mortgagor at the address herein above given or at 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, 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 effect
of such notice;

15. The Mortgagor shall execute and deliver such other documents as may be required of his by the
Mortgagee in order to register, execute or comply with, or facilitate the registration or execution or compliance with
this mortgage;

16. The Mortgagor shall not make any alteration upon or demolish any building or buildings herein
mortgaged, without the prior written consent of the Mortgagee;

17. It is hereby agreed that in case of foreclosure of this mortgage under Act. No. 3135 as amended,
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 be held in the city if the property is within the territorial jurisdiction of the city concerned;

18. 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, and the proper value of the foreclosure suit thereto
corresponding;

19. The Mortgagor expressly binds and agrees that all the amount of peso-obligations secured by this
mortgage are based upon the value of the peso at the time this mortgage is constituted and/or any additional moans
and credit accommodations are granted so that if there is any change thereafter in the value thereof due to
extraordinary inflation or deflation, or any other cause or reason, the Mortgagor expressly binds and obligates himself
to discharge and pay the aforesaid obligations in such value as may be adjusted by the Mortgagee at its exclusive
option in accordance with the value of the peso prevailing either at the time the obligations are paid in whole or in part
or at the time of the establishments of the obligation;

20. The Mortgagor hereby warrants that there exists no other transaction or documents effecting the
mortgaged property/ies which has/have been previously presented for but presently pending registration in the Office
of the Registry of Deeds nor is there any lien, encumbrance, action or proceeding in which rights to said property are
in issue;

21. The Mortgagor shall at his own expensed and at any time upon demand, post a bond’in such
amount as the mortgage may fix with such company or companies as are satisfactory to and approved by the
Mortgagee for the entire or unexpired period of the mortgage or until the total amount secured thereby is fully paid.
The bonds conditioned to indemnify the Mortgagee against any loss or damage to , impairment of and/or cloud on the
title given as security of the loan or any part thereof ‘by reason of (a) the fact that the original certificate of title is not
yet indefeasible and uncontrovertible under the Land Registration Act or Property Registration Decree, their
amendments and other laws; (b) Any rights or claims of any excluded heirs of other persons who have been unduly
deprived of his lawful participation and/or creditors under Rule 74 of the Rules of Court or any amendment thereof,
notwithstanding the expiration of the two year period contemplated therein and/or (c) in general any cause or reason
due to which the Mortgagee is unable or will not be able to proceed against the securities or any part thereof for the
satisfaction of this lien, or when in the judgment of the mortgage a bond is necessary to protect its interest. The bond

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shall be subject to the condition that it then shall automatically, without the need of judicial action or otherwise, be
forfeited in favor of the Mortgagee if the Mortgagee is unable or will not be able, for any reason whatsoever to
proceed against the security offered or any part thereof to satisfy its liens. In default thereof, the Mortgagee may, at
its option, obtain, renew and pay for the premium or documentary stamps, charges and other expenses connected
with such bonds and any and all sums so paid by the Mortgage shall earn interest at the same rate as the Principal
obligation secured by this mortgage and shall be considered and held to be secured by this mortgage and be a lien
on the properties herein mortgaged;

22. The Mortgagor hereby gives the Mortgagee a general lien upon and/or right of set-off and/or right to
hold and/or apply to the loan account all rights, title and interest of the mortgagor in and to the balance of every
deposit account, now or at any time hereafter exist with the Mortgage, or any other claims of the MORTGAGOR
against the Mortgagee and in and all money negotiable instruments, commercial papers, notes, bonds, stocks,
dividends, interest, credits, choose in action, claims, demands, or any interest in any thereof and in any other
property, rights, and interests of the Mortgagor or any evidence thereof which have been, or at any time shall be
deliver to, or otherwise come into possession, control or custody of the Mortgagee or any of its agents or
correspondents for any purposes whether or not accepted for the purpose or purposes for which they are deliver or
intended. For this purpose, the Mortgagor hereby appoints the Mortgage as irrevocable Attorney-in-fact with full
powers of substitution/delegation to sign or endorse any and all document and perform any and all acts and thing
required or necessary in the premises;

23. Violation of any of the terms, conditions or stipulations of the promissory notes other documents
covering the loan or credit accommodations in favor of the Mortgagor shall be a ground for the foreclosure of this
mortgage in accordance with paragraph (3) above;

24. Lastly, the Mortgagor expressly binds and agrees that should any of the conditions of this mortgage
be unenforceable, the other conditions shall be affected thereby and that should the Mortgagee, in any particular
instances, excuse compliance with any of the foregoing conditions, the same shall not constitute a waiver thereof nor
an amendment of this deed of mortgage but shall not apply only to the particular instances involved.

Executed in Davao City, Philippines this __________________.

AFFIDAVIT OF GOOD FATH

We ____________ and _______________ MORTGAGOR and MORTGAGEE, do severally swear that the
foregoing mortgage is made for the purpose of securing the obligation specified in the condition hereof, and for no
other, and that the same is a just and valid obligation and nor one entered into for the purpose of fraud and
furthermore, MORTGAGOR represents and confirms that as long as the principal obligation is not paid, the stock
inventory or merchandise shall be present of display, and / or the vehicle property/ies herein mortgaged shall not
anytime be used for hire or public utility.

______________________________ ______________________________
Mortgagor Mortgagee

With Marital Consent Represented by:

___________________________ __________________________
Wife of Mortgagor President/ Gen. Manager

Signed in the presence of:

_____________________________________ ____________________________________

TRANSFER CERTIFICATE OF TITLE

NO. T- ___________ and ___________
Registry of Deeds_________________

TCT No. __________________

A parcel of land (lot 6203-H-4-E, sd-11-073870, being a portion of lot 6203-H-4, Psd-11-071520, situated in
the Barrio of San Vicente, Mun. of Panebo, Province of Vavao del Norte, island of Mindanao,

Containing an area of ONE HUNDRED FIFTY (150) Square Meters, more or less.

TCT No. ___________________

A parcel of land (Lot 6203-H-4-D, Psd-11-073870, being a portion of lot 6203-H-4, Psd 11-071520, situated
in the Barrio of San Vicente, Mun. of Panabo, Province a avao del orte, Island of Mindanao,
Containing an area of ONE HUNDRED FTFTY (150) Square Meters, more or less.

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Republic of the Philippines)
City of Davao………………..) S.S.
x--------------------------------------------x

BEFORE ME, a notary for and in the City of Davao, this ___________________ personally appeared the
following:

NAME VALID GOV’T ID

_______________________________________ _______________________________________
_______________________________________ _______________________________________

Known to me to be the same persons who represented to me to be the same persons to have executed the
foregoing instruments as they acknowledged to me that the same is their free and voluntary act and deed as well as
of the principal corporation represented.

The foregoing instrument consisting of Five (5) pages including the page on which the acknowledgement is
written refers to the mortgage of 1 parcel of land with the building, improvements, etc. thereon, signed by the parties
and their instrumental witnesses on this page and on the lefi hand margin of each and other pages, and all the pages,
thereof bear the imprint of my notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc No. :______;

Page No. :______;
Book No. :______;
Series of 2019.

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