REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO) S.S.

X-------------------------------------x

AFFIDAVIT OF GOOD FAITH

We, the undersigned MORTGAGOR AND MORTGAGEE hereby jointly

and severally swear that we executed the foregoing Chattel Mortgage
for the purpose of securing the obligation/s specified in the provisions
hereof, and for no other purpose and that the same is/are just valid
obligation/s and not entered into for the purpose of fraud.

IN WITNESS WHEREOF, I have hereunto set my hand this day of

20 in , , Philippines.

Mortgagor Mortgagee
[ID No.] [ID No.]

SUBSCRIBED AND SWORN TO before me this _____ day of _________ at

________________ affiant exhibited to his/her competent evidence of
identity by way of _________________ issued on ____________ ____, 20____ and
valid until ____________ ____, 20____ in _______________, Philippines.

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