KNOW ALL MEN BY THESE PRESENTS:

THIS CONTRACT, made and entered into by and between:

GREGORIA A. GALARRITA, of legal age, Filipino, surviving spouse of
the late Dominador Galarrita and a resident of Alubijid, Misamis Oriental, herein-
after referred to as the MORTGAGOR;

and

ATTY. ADRIAN L. BARBA, of legal age, Filipino, married and a resident
of Apovel Subd., Bulua, Cagayan de Oro City, hereinafter referred to as the
MORTGAGEE.

Witnesseth:
That the MORTGAGOR does hereby convey by way of REAL ESTATE
MORTGAGE unto the MORTGAGEE, for an in consideration of a loan in the sum
of TWO HUNDRED THOUSAND (Php 200,000.00) PESOS, the following
described real property, situated in Loguilo, Alubijid, Misamis Oriental, containing
an area of 1,471 sq. m. and denominated as Lot 11294-G under Tax Declaration
No. 0817000703848 of the Municipal Assessor of Alubijid, Misamis Oriental,
more particularly described as:

Boundaries:
North: Lot No. 04, 05 South: Provl Road
East: Lot No. 05 West: Lot No. 07

of which real property the Mortgagor is the successor-in-interest, being the
surviving spouse of late Dominador Galarrita, the registered owner of the untitled
agricultural land;

That this real estate is given as security for the payment of the mortgage
within a period of three (3) years from the execution hereof;

By these presents, the PARTIES hereby covenant and agree that the loan
shall bear no interest during the three (3) year period; HOWEVER, the
mortgagee shall assume and take over the enjoyment and possession of the
agricultural land subject of the real estate mortgage and until the amount of the
loan shall have been fully paid and settled;

That the conditions of the real estate mortgage are such that if the
Mortgagor shall well and truly pay or cause to be paid unto the Mortgagee the
aforesaid amount, then this mortgage shall be of no further force and effect;
OTHERWISE, the same shall remain in force and in effect and shall be
enforceable in the manner provided by law.

REAL ESTATE MORTGAGE

REAL ESTATE MORTGAGE
Page 2

That further, this real estate mortgage shall prevail over a previous real
estate mortgage docketed as Doc. No. 20, Page No. 4, Book No. 2 Series of
2013 and notarized by Atty.Erwin B. Bucio, MSCRIM, executed by the same
parties and witnesses to the said previous real estate mortgage.

IN WITNESS WHEREOF, the Parties have hereunto affixed their
signatures this ___________ day of _________ 2013 at Cagayan de Oro City,
Philippines.


GREGORIA A. GALARRITA ATTY. ADRIAN L. BARBA
MORTGAGOR MORTGAGEE


Signed in the presence of:


VICTOR O. TUBAC DEMI A. GALARRITA


Republic of the Philippines)
City of Cagayan de Oro )S.S.

BEFORE ME, this __________ day of __________ 2013 at the City of
Cagayan de Oro, appeared Gregoria A. Galarrita, with CTC No. _____________
issued on ___________ at _________________________ and Atty. Adrian L.
Barba, with CTC No. ____________ issued on _____________ at
__________________________; known to me known to be the same persons
who executed the foregoing Real Estate Mortgage, consisting of two (2) pages,
including this page, and they acknowledged to me the foregoing agreement is
their voluntary act and free deed.

WITNESS MY HAND AND SEAL, the date, place aforegiven.

Doc No. _____.
Page No. ____.
Book No. ____.
Series of 2013.