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Minutes of Mortgage Loan John Gregoria Puna 2

This document outlines a loan agreement between Mr. John Pérez Camacho (the Creditor) and Mrs. Gregoria Puña Paco (the Debtor) for a sum of $4,700 with a monthly interest rate of 2%. The loan is to be repaid in three monthly installments of $1,570, with specific terms regarding default and guarantees, including a mortgage on a property owned by the Debtor. Both parties express their agreement to the terms and conditions set forth in the document.

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7 views3 pages

Minutes of Mortgage Loan John Gregoria Puna 2

This document outlines a loan agreement between Mr. John Pérez Camacho (the Creditor) and Mrs. Gregoria Puña Paco (the Debtor) for a sum of $4,700 with a monthly interest rate of 2%. The loan is to be repaid in three monthly installments of $1,570, with specific terms regarding default and guarantees, including a mortgage on a property owned by the Debtor. Both parties express their agreement to the terms and conditions set forth in the document.

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MINUTE

NOTARY PUBLIC OF FIRST CLASS:


In the records of contracts and public deeds that are your responsibility, please proceed
insert a loan of money and establishment of guarantees, subject to the
following clauses:
FIRST.- (ABOUT THE PARTIES).- You will state that the parties of the present are:
Mr. JOHN PÉREZ CAMACHO with ID No. 3401696L.P., of legal age
of age, capable for the effect and resident of this city, hereinafter
simply referred to as the CREDITOR.
b) Mrs. GREGORIA PUÑA PACO with C.I. No. 2798661 O.R., of legal age
age, capable for the purpose and resident of this city, in the future and for purposes
The present document will be referred to as the DEBTOR.
SECOND.- (OF THE LOAN AND INTEREST).- At present, you will say that the
CREDITOR grants a loan of money in favor of the DEBTOR for the sum
4,700.00
AMERICANS), amount that the DEBTOR expressly declares to receive in their
integrity to your complete satisfaction and compliance, at the signing of this minute,
for the total amount of the loan and other inherent, derived obligations
emergent from the loan according to article 1331 of the Commercial Code.
It is also expressly established that this loan will generate
a 2% (two percent) monthly interest.
THIRD.- (OF THE TERM AND METHOD OF PAYMENT).- The term for which it is granted
the current loan is for 3 (three) months, that is until February 8
2019, unextendable, computable from the signing of this document
minutes, and that upon completion of it the DEBTOR must carry out the
cancellation of the total amount owed including the corresponding
interests and accessories.
FOURTH.- (PLACE AND METHOD OF PAYMENT).- The payment of this obligation,
It must be carried out in the same currency that is the subject of the contract, the only currency with

liberatory effect, as payment, offer of payment, and deposit are inadmissible in


currency different from that indicated or through performance different from that due that does not
it shall comply with the legal regulations in this regard. Payment under this contract will be

carried out by the DEBTOR at the address of the CREDITOR in an amount


monthly of $1,570.00 (ONE THOUSAND FIVE HUNDRED SEVENTY 00/100 DOLLARS)
AMERICANS), plus the 2% monthly interest.
FIFTH.- (DEFAULT AND EXECUTION).- The lack of just one of the payments and/or payment
total or partial of the loan, interest and/or its accessories or the delay in its payment,
right for the CREDITOR to demand full payment of the loan and all balances
debtors of principal, interest, accessories, even if the final term is not present
overdue, allowing the CREDITOR to file the corresponding one accordingly.
judicial action for its collection, whether through coercive or executive means or any other method they see fit

for convenience, in which case the DEBTOR is obliged to pay all


the expenses, costs and other costs incurred to the CREDITOR due to the default of
the obligation, including those related to and arising from judicial collection and/or
extrajudicial, fees, costs and others, without exception, all of which will be
paid by the DEBTOR, even if no judgment has been issued or any
it were the procedural status to which the trial reached. This document without
no need for any prior formalities, will constitute a coercive or executive title, with
the mere presentation of the settlement made by the CREDITOR to which the
Debtor gives liquidity and enforceability.
SIXTH.- (OF THE GUARANTEE).- The DEBTOR guarantees this obligation.
with the generality of its present and future assets and properties. On the other hand and of
In a special manner, the DEBTOR agrees to establish in favor of the CREDITOR the
next express warranty:
It constitutes a special first mortgage, marked and privileged in favor of the
CREDITOR, regarding the property owned by you with the following characteristics:
parcel of land located in Urbanization Cosmos 79 U.V. 'C', SIGNED WITH
LOT No. 36, Manzano 1, On Street S/N and Street S/N, with an area
of 300.00 square meters, owned by the debtor GREGORIA PUÑA PACO,
duly registered in the Offices of Real Rights of the city of
La Paz, under the Computerized Registration No.2.01.4.01.0020020, with the
the following boundaries: TO THE NORTH WITH LOT 34, TO THE SOUTH WITH THE
STREET S/N, TO THE EAST WITH STREET S/N, TO THE WEST WITH LOT 35, with
Cadastral Code 26-417-018. Consequently, said Lot of Land with all
its improvements, facilities, constructions, uses, customs, easements, without
No reservations or limitations, it remains a reality. and recorded as a guarantee
mortgage in favor of the CREDITOR, until the DEBTOR makes it effective
total payment of all and each of the obligations subject to this contract, not
being able indeed the DEBTOR to request or demand extrajudicially or judicially
the lifting or cancellation of mortgage liens, while it exists
any obligation on your part to the CREDITOR.
SEVENTH.- (OF THE WAIVER TO THE EXECUTIVE PROCESS).- Likewise, it is left
expressly established that for the purposes of a judicial action initiated by the
CREDITOR for the breach of this contract, the DEBTOR waives in
regarding monitoring processes.
EIGHTH.- (IN ACCORDANCE).- We, JOHN PÉREZ CAMACHO as
CREDITOR, on one hand; and on the other GREGORIA PUÑA PACO, in my
as a DEBTOR, we express our full and absolute agreement with
the tenor of each and every one of the preceding clauses signing at the bottom of the
present minute for its better legal validity.
You Mr. Public Notary, please add the other standard clauses and
style according to the law.
La Paz, November 8, 2018.

JOHN PÉREZ CAMACHO GREGORIA PUÑA PACO


ACREDITOR DEODORANT

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