CHATTEL MORTGAGE

With AFFIDAVIT OF GOOD FAITH

Know all men by these Presents

I ARCHILLES HEEL of legal age, Filipino, married to HELEN DE TROY-HEEL

with postal address at Oas Albay hereinafter known as MORTGAGOR and MARIA
DELA PAZ of legal age, Filipino citizen, single with postal address at Circumferential
Road, Legazpi City Albay Philippines, hereinafter known as the MORTGAGEE;

Witnesseth

That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of

ONE HUNDRED FIFTY THOUSAND (Php 150, 000.00) Philippine Currency,
receipt of which is acknowledged by the MORTGAGOR upon the signing of this
instrument, payable within a period of TWO (2) months, with interest thereon at
Php 15,000.00 per month;

That for and in 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:

MAKE/TYPE: FORD MV FILE NO: 1234-00000123456

SERIES: ESCAPE PLATE NO: ZCWJ88
CHASSIS NO: PO98JKGFBD01731 ENGINE NO: L373KK
DENOMINATION: SPORTS UTILITY VEHICLE PISTON DISPLACEMENT: 2900
YEAR MODEL: 2008 BODY TYPE: WAGON
OR NO: 1234567 CR NO: 123456789
That the condition of this obligation is that should the MORTGAGOR
perform the obligation to pay the hereinabove cited indebtedness of ONE
HUNDRED FIFTY THOUSAND (Php 150,000.00) Philippine Currency together
with accrued interest thereon, this chattel mortgage shall once become null and void
and of no effect whatsoever, otherwise, it shall remain in full force and effect.

AFFIDAVIT OF GOOD FAITH

Moreover:

We, the undersigned MORTGAGOR AND MORTGAGEE hereby jointly and

severally swear that we executed the foregoing Chattel Mortgage in order to secure
the indebtedness therein and for no other purpose or purposes contrary to law.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this
_____ day ____________________ at Legazpi City, Philippines.

ACHILLES HEEL
MORTGAGOR

Marital Consent:

HELEN DE TROY-HEEL

MARIA DELA PAZ

MORTGAGEE

Signed in the presence of:

___________________________________ and __________________________________

Chattel Mortgage with Affidavit of Good Faith

HEEL-DELA PAZ
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 ACKNOWLEDGEMENT & JURAT

Republic of the Philippines)

Legazpi City) s.s

BEFORE ME, personally appeared

Valid Identification ID and Number Date and Place Issued

PDL No: E02-00-12-
MARIA DELA PAZ December 31, 2015
3456
NPDL No:E02-12-
ARCHILLES HEEL January 11, 2016
34567
NPDL No:E02-12-
HELEN DE TROY-HEEL January 11, 2014
34567910

Known to me and to me known to be same person who executed the foregoing

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

Further the above parties subscribed and sworn to before me that the
affidavit of good faith as hereto incorporated in the Mortgage Contract is true and
correct of their personal knowledge.

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

Doc. No. ____;

Page No.____;
Book No. ___;
Series of 2016.

Chattel Mortgage with Affidavit of Good Faith

HEEL-DELA PAZ
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