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 __________________________________
ACKNOWLEDGEMENT & JURAT
Republic of the Philippines)
Legazpi City) s.s
BEFORE ME, personally appeared
Valid Identification
ID and Number
Date and Place Issued
MARIA DELA PAZ
PDL No: E02-00-12-3456
December 31, 2015
ARCHILLES HEEL
NPDL No:E02-12-34567
January 11, 2016
HELEN DE TROY-HEEL
NPDL No:E02-12-34567910
January 11, 2014
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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