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  • Six Hundred Thousand (PHP 600,000.00) 3 Years 2 Annum

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    allan
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    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee PHP 600,000 and is paying 2% annual interest over 3 years. As collateral, the mortgagor is conveying ownership of a used Acura vehicle to the mortgagee. If the debt is repaid in full, the mortgage becomes void, otherwise it remains in effect. Both parties have sworn the mortgage is for securing this debt only and was not entered into fraudulently.

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    DIV Contents

    Original Title

    5104

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    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee PHP 600,000 and is paying 2% annual interest over 3 years. As collateral, the mortgagor is conveying ownership of a used Acura vehicle to the mortgagee. If the debt is repaid in full, the mortgage becomes void, otherwise it remains in effect. Both parties have sworn the mortgage is for securing this debt only and was not entered into fraudulently.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    15 views3 pages

    Six Hundred Thousand (PHP 600,000.00) 3 Years 2 Annum

    Uploaded by

    allan
    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee PHP 600,000 and is paying 2% annual interest over 3 years. As collateral, the mortgagor is conveying ownership of a used Acura vehicle to the mortgagee. If the debt is repaid in full, the mortgage becomes void, otherwise it remains in effect. Both parties have sworn the mortgage is for securing this debt only and was not entered into fraudulently.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    12/1/2015

    DIVContents

    CHATTELMORTGAGE

    0042015005104

    KNOWALLMENTHESEPRESENTS:
    I,TEST,oflegalage,singlewithpostaladdressatTESThereinafterknownastheMORTGAGOR/S,
    and TEST of legal age, with postal address at TEST herein after known as the MORTAGAGEE/S,
    witnesseth:
    That the MORTGAGOR/S is/are indebted unto the MORTGAGEE in the sum of Six Hundred
    Thousand (PHP 600,000.00) , receipt of which is acknowledged by the MORTGAGOR/S upon the
    signingofthisinstrument,payablewithinaperiodof3Years,withinterestthereonattherateof(2)%
    perannum
    Thatfor,andinconsiderationof,thisindebtedness,andtoassuretheperformanceofsaidobligationto
    pay, the MORTGAGOR/S hereby conveys by way of CHATTEL MORTGAGE unto the
    MORTGAGEE, his heirs and assigns, the following personality now in the possession of said
    MORTGAGOR/S:
    Motor/Vehicle
    Make/Brand
    Acura

    Year/Model
    TEST

    ChassisNo.
    TEST

    EngineNumber
    TEST

    ThattheconditionofthisobligationisthatshouldbeMORTGAGOR/Sperformtheobligationtopay
    thehereinabovecitedindebtednessofSixHundredThousand(PHP600,000.00)togetherwithaccrued
    interestthereon,thischattelmortgageshallatoncebecomenullandvoidandofnoeffectwhatsoever,
    otherwise,itshallremaininfullforceandeffect.

    AFFIDAVITOFGOODFAITH
    We,theundersignedMORTGAGOR/SandMORTGAGEE,herebyjointlyandseverallyswearthatthe
    foregoing chattel mortgage is made and executed for the purpose of securing the obligation specified
    therein,andfornootherpurpose,andthatthesameisajustandvalidobligationandonenotentered
    intoforpurposesoffraud.
    #

    Mortgagor

    http://10.10.41.43:82/Home/CMDocGeneratorEntry#

    Spouse/CoMaker

    TinNo.

    1/3

    12/1/2015

    DIVContents

    1.

    TEST

    TEST

    Mortgagee

    AuthorizedRepresentative

    TinNo.

    1.

    TEST

    TEST

    TEST

    Witnesses

    SignatureOverPrintedName

    ACKNOWLEDGEMENT
    RepublicofthePhilippines)
    )S.S
    BEFOREME,personallyappeared:
    Name

    CTCNumber

    Date/PlaceIssued

    TEST
    TEST
    Known to me to be the same persons who executed the foregoing Chattel Mortgage, the Affidavit of
    TruthmadeoathtothetruththereofandtotheEndorsementandAssignmentandacknowledgedthatthey
    executedtheaforementioneddocumentastheirfreeandvoluntaryactanddeed(aswellasthefreeand
    voluntaryactanddeedofentitiesheortheyrepresent).
    WITNESSMYHANDANDSEALthis
    Philippines
    NotaryPublic
    Doc.No.
    PageNo.
    http://10.10.41.43:82/Home/CMDocGeneratorEntry#

    dayof

    20

    at

    2/3

    12/1/2015

    BookNo.
    Seriesof20

    http://10.10.41.43:82/Home/CMDocGeneratorEntry#

    DIVContents

    3/3

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