Chattel Mortgage

Published on January 2017 | Categories: Documents | Downloads: 37 | Comments: 0 | Views: 281
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CHATTEL MORTGAGE KNOW ALL MEN BY THESE PRESENTS: This Chattel Mortgage executed between – __________________(Name of Mortgagor), of legal age and a resident of _______________________________________ (State complete address), hereinafter referred to as the Mortgagor; And – __________________(Name of Mortgagee), of legal age and a resident of ______________________________________ (State complete address), hereinafter referred to as the Mortgagee. WITNESSETH: Whereas, the Mortgagor obtained a loan of P100,000.00, Philippine currency, from the Mortgagee and the former obliged himself to pay it with legal interest within one (1) year from today. Whereas, the Mortgagee required the Mortgagor to secure that loan with a mortgage over the following described motor vehicle: (State complete description of motor vehicle) Wherefore, the Mortgagor hereby mortgages the above-described motor vehicle unto the Mortgagee. It is the condition of this mortgage that if the Mortgagor would comply with all his obligations to the Mortgagee, then this mortgage shall automatically become void; otherwise, the Mortgagee may foreclose the same judicially or extrajudicially. (Date and place of execution) ____________________ (Mortgagor)

___________________ (Mortgagee)

SIGNED IN THE PRESENCE OF: ___________________

___________________

(Acknowledgement) REPUBLIC OF THE PHILIPPINES ) CITY OF OLONGAPO )S.S.

I, Notary Public for and in the city/ municipality ___________________, do herebycertify that _______________________ with CTC No. __________ issued at_______________ on _________________, with Tax Account No. _________________ ,personally known to me and to me known to be the same persons who executed theforegoing instrument which they signed and acknowledged before me as their free andvoluntary act and deed.. The foregoing instrument relates to a CHATTEL MORTGAGE consists of ___pages including the page on which this acknowledgment is written and has been signed at the bottom and on the lefthand margin of the first page thereof, by the ____________ and his instrumental witnesses, and sealed with my notarial seal. WITNESS MY HAND AND SEAL. Doc. No: ______; Page No: ______; Book No: ______; Series of 2009 FEDERICO T. MACABANGUN Notary PublicBook No. I ; Until December 31, 2009 PTR: 4502255, 01-14-09, O.C. IBP: 764481, 1-09-09, O.C. ROLL No. 19845

AFFIDAVIT OF GOOD FAITH We, under oath, aver that: (a) we are the parties to the foregoing Chattel Mortgage; and (b) we executed that mortgage in good faith to secure a valid obligation, not for the purpose of committing fraud.

_____________________ (Mortgagor) (Jurat)

______________________ (Mortgagee)

SUBSCRIBED AND SWORN to before me, this _____________, by _____________ who exhibited to me (his/her) Community Tax Certificate No. _____________ issued at_____________, Philippines on _____________. Notary Public Doc. No. ______; Page No. ______; Book No. ______; Series of ______;

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