DEED OF SALE OF PERSONAL PROPERTY IN INSTALLMENT

WITH MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT made and executed in Davao City this 17th day of January, 2020, by
and between:

MARIA LABO, of legal age, married, residing at Bankerohan, Davao City, hereinafter
called the VENDOR-MORTGAGEE, and

MARIA MAKILING, of legal age, married, residing at Maa, Davao City, hereinafter called
the VENDEE-MORTGAGOR,

Witnesseth:

1. That the VENDOR-MORTGAGEE is the absolute owner of a certain personal property, a

motor vehicle, particularly described as follows:
FORD EVEREST, 2018 model with motor number 115126628393, Plate No. AAG 9130,
Registration Certificate No. 682, Chassis No. 58259, and File No. 75943.

2. That for and in consideration of the sum of FOUR HUNDRED THOUSAND PESOS, the
VENDOR-MORTGAGEE hereby sells the above-described property to the VENDEE-
MORTGAGOR, under the following terms and conditions:

a. The sum of ONE HUNDRED THOUSAND PESOS shall be paid in cash upon the signing
of this agreement, and the balance of THREE HUNDRED THOUSAND PESOS shall be payable
in TWO equal monthly installments until the full purchase price has been paid;

b. Said monthly installments shall be paid as follows, to wit:

P 150,000.00 on January 15, 2021;
P 150,000.00 on January 15, 2022;
c. Any monthly installment due and unpaid shall bear interest at the rate of 6% per annum,
computed from the date of default until paid;
d. Pending the payment of the full purchase price, the above-described property, located in
Maa, Davao City and now in the actual possession of the VENDEE-MORTGAGOR, is hereby
conveyed to the VENDOR-MORTGAGEE by way of chattel mortgage as security for the payment
of the unpaid balance, under the express understanding that if the said VENDEE-MORTGAGOR,
his heirs or assigns shall well and truly perform the obligation hereinabove stipulated, then this
mortgage shall become null and void; otherwise it shall remain in full force and effect and shall be
enforceable in accordance with the provisions of the Chattel Mortgage Law in connection with
Art. 1484 of the New Civil Code.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands this 13th day of
January, 2020, in Davao City, Philippines.

MARIA LABO MARIA MAKILING

Vendee-Mortgagor Vendor-Mortgagee

Signed in the presence of:

GRETCHEN CANEDO DAVE ALANO

Witness Witness

REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO…………………..) S.S.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the City of Davao, personally appeared MARIA
LABO with Passport No. 706345 issued on December 15, 2019 at DFA- Davao and Community
Tax Certificate No. 20191234 issued at Lanang, Davao City and MARIA MAKILING with PRC
ID 111445 CTC no. 145527292, known to me and to me known to be the same person who
executed the instrument which he acknowledged to me as her free and voluntary act and deed,
consisting of two (2) pages, including this page in which this Acknowledgement is written, duly
signed by her and her instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND SEAL this 17th day of January 2020 at Davao City,
Philippines.

Doc. No. 46;

Page No. 9;
Book No. 1;
Series of 2020;