CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This CHATTEL MORTGAGE is made and executed at the City of ______, this _____
day of ______, 2017, by and between:
(NAME OF MORTGAGOR), of legal age, single/ married to _____, Filipino, and
with residence and postal address at __________________, herein referred to as the
MORTGAGOR.
-AND-
(NAME OF MORTGAGEE), of legal age, single/ married to _____, Filipino, and
with residence and postal address at __________________, herein referred to as the
MORTGAGEE.
WITNESSETH; That
WHEREAS, the MORTGAGOR is indebted unto the MORTGAGEE in the sum of
PESOS: AMOUNT IN WORDS (P XX,XXX.XX), Philippine Currency, receipt of which is
acknowledged by the MORTGAGOR upon the signing of this instrument, payable
within a period of _____ years, with interest thereon at the rate of (___)% per annum;
NOW THEREFORE, for and in consideration of this indebtedness, and t assure
the performance of said obligation to pay, the MORTGAGOR hereby conveys by way
of CHATTEL MORTGAGE unto the MORTGAGE, his heirs and assigns, the following
personality now in the possession of said MORTGAGOR:
(DESCRIPTION OF PERSONAL PROPERTY)
TERMS AND CONDITIONS
That should the MORTGAGOR perform the obligation to pay the hereinabove
cited indebtedness of PESOS: AMOUNT IN WORDS (P XX,XXX.XX), Philippine
Currency together with the accrued interest thereon, this chattel mortgage shall
become null and void and of no effect whatsoever, otherwise, it shall remain in full
force and effect.
IN WITNESS WHEREOF, parties herein affixed their signatures on this ____
day of ______, 2017 at ____________________.

MORTGAGOR MORTGAGEE

Signed in the presence of:

_______________________ _______________________

1
 ACKNOWLEDGEMENT
Republic of the Philippines )
Cebu City ) S.S.

BEFORE ME, personally appeared:

Competent Evidence
Name of Identity Number Date/Place Issued

MORTGAGOR XX XX XX
MORTGAGEE XX XX XX

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

foregoing instrument and acknowledged to me that the same us their free and
voluntary act and deed.
This instrument consisting of _____ pages, including the age on which this
acknowledgment is written, has been signed on each and every page thereof by the
concerned parties and their witnesses, and sealed with my notarial seal.
WITNESS MY HAND AND SEAL, on the ______ day of _________, 2017 at
________________.

ATTY.
Notary Public within and for the territorial jurisdiction of
RTC of Cebu City, San Fernando and Carcar City
Notarial Commission No.
Until December 31, 2017
Roll of Attorneys No.
IBP No. / Date of Issue/ Place of Issue
PTR No. / Date of Issue/ Place of Issue
MCLE Compliance No. / Date of Issue/ Place of Issue
Address

Doc. No. ;
Page No. ;
Book No. ;
Series of 2017

AFFIDAVIT OF GOOD FAITH

We, the undersigned MORTGAGOR and MORTGAGEE hereby jointly 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.

MORTGAGOR MORTGAGEE