DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

          That I, JUAN DELA CRUZ, of legal age, married and resident of San
Francisco, Panabo 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 Datu Abdul, Panabo 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:

                    MODEL/MAKE : 2011 Isuzu

                    COLOR : Black
                    BODY :  Canter
                    MOTOR NO. : 123456
                    SERIAL/CHASSIS NO. : 789666
                    PLATE NO. : XYZ-123

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.

          IN WITNESSS WHEREOF, I have hereunto signed this deed

of chattel mortgage, this 5th day of February 2021 at Makati City, Philippines.

                              

JUAN DELA CRUZ

                                                                                      Mortgagor                              

With my marital consent (if married):

  MARIA DELA CRUZ
   Mortgagor’s wife
 AFFIDAVIT OF GOOD FAITH

      We, the undersigned MORTGAGOR and MORTGAGEE, severally swear that

the foregoing chattel mortgage is made and executed for the purpose of securing
the obligation specified therein, and for no other purpose, and that the same is a
just and valid obligation, and one not entered into for the purposes of fraud.

JUAN DELA CRUZ            PEDRO DELOS SANTOS

                         Mortgagor                          Mortgagee
   

SIGNED IN THE PRESENCE OF:

MARIA MAKILING                      JUAN TAMAD

   Witness                                  Witness

ACKNOWLEDGMENT

Republic of the Philippines)

City of Makati                  ) S.S.

BEFORE ME, a Notary Public, for and in the City of Makati, this 25th day of
June 2013 personally appeared:

Name Identification Card Issued On/At

JUAN DELA CRUZ SSS I.D. No. 123 01-01-2011
PEDRO DELOS SANTOS SSS I.D. No. 222 02-02-2012
MARIA MAKILING SSS I.D. No. 333 03-03-2013
MARIA DELA CRUZ SSS I.D. No. 444 04-04-2014
JUAN TAMAD SSS I.D. No. 555 05-05-2015

all known to me to be the same persons who executed the foregoing

instrument and hereby acknowledged to me that the same is their free and
voluntary act and deed.

      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.

               WITNESS MY HAND AND NOTARIAL SEAL.

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Page No. ____
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Series of 2013.