Renewal Insurance Letter

March 10, 2000

Santos, Mikael
410 Ariel St. Dinalas, Bulacan

Dear Sir/Madam:

We are pleased to inform you that on the next and subsequent renewals of your Mortgage Redemption Insurance (MRI) covering your East West Bank (“EW”) Housing Loan Account No. 4145227 (“Loan”) for as long as the same is outstanding, the amount to be covered by the MRI and not original amount of your Loan, unless otherwise advised by EW.  As or the other terms and conditions of your Loan, the same shall remain unchanged and continue to be in full force and effect.

Should you need further clarification in respect of the foregoing, please for not hesitate to contact us through our trunkline 254-7474514 and we will be at your service.

Thank you very much for your continued patronage.

Very truly yours,

Carla Teresa L. Regio
Insurance Management Head