PROMISSORY NOTE

AMOUNT: ____________________________Date of Release: ___________________ Due Date: _______________

FOR VALUED RECEIVED, I/WE the undersigned jointly and severally promise to pay to the order of JACINTA S. PASCUAL of 432 Int. Quimson Steet, Quezon District, Cabanatuan City, the sum of ___________________________________________ (P_______________________) Philippine Currency, within a period of ___________________ months through _____________% monthly interest payment of ___________________________________________________ (P__________________) and the principal amount amounting to _________________________________________________________________________________________ (P_______________________) will be paid on ___________________________________________.

Failure on our part to comply with any of the above-stated amortizations will render the entire obligation due and demandable together with all the interests and penalties that may have accrued without prior notice. Interests not paid when due shall be added to become part of the principal and shall likewise bear interest at the same rate as the principal, compounded monthly.

The creditor may accept partial payment with reservation to institute the proper recourse against each and all endorsers who are hereby waiving the right to demand presentment and notice. We jointly and severally agree that payments will be applied first to interests, then to penalties and other charges, and then to principal.

Upon default of the payment and this notice is endorsed for legal action of collection, we shall in addition, pay 25% of the amount due as attorneys fee which sum in no case be less than P2,000.00 aside from the legal costs and expenses of the litigation. All actions arising from or connected with this note shall be brought only at the proper courts of Cabanatuan City or at the place of execution of this note, at the sole option of JACINTA S. PASCUAL.

We certify that the provisions and contents of the foregoing documents were fully explained to us by JACINTA S. PASCUAL and we fully understood the same.

EXECUTED this ______________________ hereat Cabanatuan City.

____________________________ ____________________________ DEBTOR DEBTOR____________________________ ____________________________

JACINTA S. PASCUALCREDITORSenior Citizen ID No.05-08374

Signed in the presence of:

____________________________ ____________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)CITY OF CABANATUAN )s.s.X - - - - - - - - - - - - X

This __________________, hereat Cabanatuan City, personally appeared this above named persons with Identification Nos. written below their names and signatures known to me to be the same persons who executed the foregoing instrument and acknowledged to that the same is their free act and voluntary deed.

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

Doc. No.________________Page No.________________Book No.________________Series of 2014