DISCHARGE OF CHATTEL MORTGAGE

I (full name of mortgagee), (nationality), of legal age, single/married to

______________________________, and with residence and post-office address at
________________________________________, having received the full consideration of the
sum of ______________________________PESOS (P____________), to me in hand paid by
(full name of mortgagor) (nationality), of legal age, single/ married to
_____________________________, with residence and post-office address at
___________________________________________________, do hereby by these presents,
forever RELEASE AND DISCHARGE that certain CHATTEL MORTGAGE executed by the
said (full name of mortgagor) on ___________________ before Notary Public for and in the
city/province of____________________________(Not. Reg. No. ______, Page_______,
Book______, Series of __________ of said Notary’s notarial register), and registered in the
Office of the Register of Deeds of _____________________________ on __________________
(Entry No.________, Page________, Volume_________).

IN WITNESS WHEREOF, I have hereunto set my hand this _______ day of ________,
________, in ___________________, Philippines.

__________________________
(Mortgagee)

WITNESSES:
____________________ ____________________