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Affidavit of Good Faith
Affidavit of Good Faith
That I, JUAN DELA CRUZ, of legal age, married and resident of 9000
Hormiga Street, Makati City, for and in consideration of the loan of FIVE
HUNDRED THOUSAND PESOS (P500,000.00), granted to me by PEDRO
DELOS SANTOS, also of legal age, married and resident of 800 Theresa
Street, Makati City, to be paid one (1) year from date hereof, have transferred
and conveyed by way of chattel mortgage unto said PEDRO DELOS
SANTOS, his heirs, successors and assigns, free from all liens and
encumbrances that certain motor vehicle, presently in my possession, more
particularly described as:
of which I am the true and absolute owner by title thereto, being evidenced
by Registration Certificate of Motor Vehicle No. 1122 issued in my name by
the Land Transportation Office on July 6, 2011.
This chattel mortgage has been executed in order to secure the full and
faithful payment of my obligation to PEDRO DELOS SANTOS in accordance
with the terms and conditions of this instrument. Upon payment, this contract
shall become null and void; otherwise, it shall continue in full force and effect
and may be foreclosed in accordance with law.
ACKNOWLEDGMENT
BEFORE ME, a Notary Public, for and in the City of Makati, this 25th
day of June 2013 personally appeared:
This instrument consisting of two (2) pages, including this page on which
this acknowledgment is written refers to a DEED OF CHATTEL MORTGAGE and
has been signed by the parties and their witnesses and sealed with my notarial
seal.