Deed Of Chattel Mortgage

Philippine Legal Forms

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DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

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:

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 May 2013 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

1-1-11/Makati
PEDRO DELOS SANTOS SSS I.D. No. 222
2-1-11/Makati
MARIA DELA CRUZ SSS I.D. No. 333
3-1-11/Makati
MARIA MAKILING SSS I.D. No. 444
4-1-11/Makati
JUAN TAMAD SSS I.D. No. 555
5-1-11/Makati

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.

Doc. No. ____

Page No. ____
Book No. ____
Series of 2013.