CHATTEL MORTGAGE With AFFIDAVIT OF GOOD FAITH Know all men by these Presents DOCX

Title	CHATTEL MORTGAGE With AFFIDAVIT OF GOOD FAITH Know all men by these Presents
Author	JK Panganiban
Pages	2
File Size	20.3 KB
File Type	DOCX
Total Downloads	892
Total Views	1,010

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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 efect whatsoever, otherwise, it shall remain in full force and efect. 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 Afdavit of Good Faith HEEL-DELA PAZ Page 1 of 2...