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DEED OF ACKNOWLEDGMENT OF DEBT

I, _____________, of legal age, Filipino, (single / married / widow), and a

resident of _____________________________________________, after being

duly sworn to in accordance with law, witnesseth and declare:

That I am indebted in the sum of ______________________ (P_____________),

Philippine Currency, to ____________________, who is also of legal age, (single /

married / widow), and a resident of _______________________.

That I hereby promise and undertake to pay the said indebtedness unto the said

_____________ within a period of _____________ (_____) (months/years/days)

from today, in the amount of _____________ (P_____________) (monthly/daily)

every _____________ with interest at the rate of _____________ (_____%) per

centum per (month/annum) until fully paid.

_____________________

(name of debtor)
PROMISSORY NOTE

(amount)

FOR VALUE RECEIVED, I/We jointly and severally promise to pay without need

of demand to the order of _____________Name of Payee____________, at its office

at _____________, Philippines, the sum of PESOS:

__________________________ (P_____________), payable in installment for a

period of _____________ months at the rate of __________________________

(P_____________) per _____________, starting on _____________ until fully and

completely paid.

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