CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

I, JEFFREY LOU ABINES of legal age, single/married to

____________________
CRISTINE C. ABINES with postal address
SAN ISIDRO VILLAGE, VIRAC
at ___________________________ hereinafter known as the MORTGAGOR, and
CATANDUANES
______________________________ of legal age, single/married
SETH R. TALAN
to ______________________ with postal address at
TIBGAO, VIRAC, CATANDUANES hereinafter known as the MORTGAGEE,
_______________________________
witnesseth:

That the MORTGAGOR is indebted unto the MORTGAGEE in the sum

of FORTY TWO THOUSAND FOUR HUNDRED EIGHTY
(42,480.00), Philippine Currency, receipt of which is acknowledged by the
MORTGAGOR upon the signing of this instrument, payable within a period of
TWO months (December 15, 2023), with interest thereon at the rate of (___)
_____ 0 % per
annum;

That for, and consideration of, this indebtedness, and to assure the performance
of said obligation to pay, the MORTGAGOR hereby conveys by way of
CHATTEL MORTGAGE unto the MORTGAGEE, his heirs and assigns, the
following personality now in the possession of said MORTGAGOR

MAKE : SUZUKI MOTOR NO. : CGA1-45416S

SERIES : FU150FMX SERIAL/CHASSIS NO.: DL11A-703192

TYPE OF BODY: MOTORCYCLEPLATE NO. : 0501-498858
YEAR MODEL : 2020 FILE NO. : 0504-498858

That the condition of this obligation is that should the MORTGAGOR perform
the obligation to pay the hereinabove cited indebtedness of FORTY TWO
THOUSAND FOUR HUNDRED EIGHTY ) (42,480.00) together with accrued
interest thereon, this chattel mortgage shall at once become null and void and of no
effect whatsoever, otherwise, it shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands, this ____day
of ____________ 20___ at ____ Philippines.

________________________ ___________________________
MORTGAGOR MORTGAGEE

IN THE PRESENCE OF:

MARY GRACE ROXAS

__________________________ ANALYN GURROBAT
___________________________

ACKNOWLEDGEMENT

Republic of the Philippines)

________________________ ) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

JEFFREY LOU ABINES E06-18-00U90 October 16, 2023 / Virac, Cat’nes

SETH TALAN 33-4077993-3 October 16, 2023 / Virac, Cat’nes

Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act and
deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No._____;
Page No. _____;
Book No._____;
Series of 20___.
Total Amount of Loan: TWELVE THOUSAND (12,000)
Date of Loan: May 2023
Interest Rate: 6 % per month
As of November 2023: Principal + Interest = 16,320

Payment Amount: TEN THOUSAND (10,000)

Payment Date: November 2023
Balance: SIX THOUSAND THREE HUNDRED TWENTY (6,320)
Interest Rate: 6% per month
Total Amount Due: SIX THOUSAND SEVEN HUNDRED (6,700) (round off)
Payment Due Date: December 11, 2023

NOTE:
Please read Loan agreement number VI: Late Payment