(Petition for Extra Judicial Foreclosure of Chattel Mortgage under Act

1508)
The City/Provincial Sheriff
City/Province of _____________, Philippines

S I R:

GREETINGS:

Mortgagee _____________, of legal age, Filipino, (single / married /

widow), and a resident of _____________, Philippines, most respectfully
alleges:
1. That on _____________, __Name of Mortgagor-Debtor__, of legal age,
Filipino, (single / married / widow), and a resident of _____________,
Philippines, executed a Chattel Mortgage in my favor, mortgaging the
property described in the Chattel Mortgage Contract hereto attached as
Annex "A" and forming an integral part hereof, to secure the payment of
loan in the amount which is shown in the promissory note executed by said
Mortgagor-Debtor dated _____________, a copy of which is
hereto attached as Annex "B"
2. That to the best of my knowledge, the mortgaged property is subject to
no prior mortgage or any lien whatsoever and is now in the possession
and full control of the above-named Mortgagor-Debtor;
3. That the Mortgagor-Debtor defaulted in his obligation under the
aforementioned Chattel Mortgage Contract and Promissory Note;
4.That under the terms and conditions of the Chattel Mortgage Contract,
the Mortgagee is entitled to foreclose extra-judicially the mortgaged
property, which is more particularly described as follows, to wit:

Make:____________Motor No.:_____________

Series:__________Chassis No.:____________

Type of Body:________Plate No.:___________

CR No.: _____________MVRR No.:____________

5.That by the terms and conditions of the Chattel Mortgage Contract herein-
above referred to, the principal obligation of the Mortgagor which has
become overdue as of _____________ is in the amount of
__________________________ (P___________), excluding penalties,
liquidated damages, past due interest, attorney's fee representing
_______% of the total obligation due, other charges
and expenses of foreclosure.
WHEREFORE, I respectfully request you to take possession of the property
described in the aforementioned Chattel Mortgage Contract and sell the
same at Public Auction in accordance with the provisions of Act
1508.Please furnish the undersigned and the Mortgagor-Debtor
with copies of your Notice of Sale at least ten (10) days before the sale.
_____________, Philippines, __Date__.

MORTGAGEE
(VERIFICATION)