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    Deed of Chattel Mortgage


    DEED OF CHATTEL MORTGAGE


    KNOW ALL MEN BY THESE PRESENTS:

              That I, JUAN DELA CRUZ, of legal age, married and resident of 9000 Hormiga Street, Makati City, for and in consideration of the loan of FIVE HUNDRED THOUSAND PESOS (P500,000.00), granted to me by PEDRO DELOS SANTOS, also of legal age, married and resident of 800 Theresa Street, Makati City, to be paid one (1) year from date hereof, have transferred and conveyed by way of chattel mortgage unto said PEDRO DELOS SANTOS, his heirs, successors and assigns, free from all liens and encumbrances that certain motor vehicle, presently in my possession, more particularly described as:

                        MODEL/MAKE : 2011 Isuzu
                        COLOR : Black
                        BODY : Canter
                        MOTOR NO. : 123456
                        SERIAL/CHASSIS NO. : 789666
                        PLATE NO. : XYZ-123

    of which I am the true and absolute owner by title thereto, being evidenced by Registration Certificate of Motor Vehicle No. 1122 issued in my name by the Land Transportation Office on July 6, 2011.

    This chattel mortgage has been executed in order to secure the full and faithful payment of my obligation to PEDRO DELOS SANTOS in accordance with the terms and conditions of this instrument. Upon payment, this contract shall become null and void; otherwise, it shall continue in full force and effect and may be foreclosed in accordance with law.

              IN WITNESSS WHEREOF, I have hereunto signed this deed of chattel mortgage, this 5th day of May 2013 at Makati City, Philippines.

                                                               JUAN DELA CRUZ
                                                                                          Mortgagor                                                                             

    With my marital consent (if married):

     MARIA DELA CRUZ
       Mortgagor’s wife

    AFFIDAVIT OF GOOD FAITH


          We, the undersigned MORTGAGOR and MORTGAGEE, severally swear that the foregoing chattel mortgage is made and executed for the purpose of securing the obligation specified therein, and for no other purpose, and that the same is a just and valid obligation, and one not entered into for the purposes of fraud.


    JUAN DELA CRUZ           PEDRO DELOS SANTOS
                                                   Mortgagor                          Mortgagee
       


    SIGNED IN THE PRESENCE OF:


    MARIA MAKILING                      JUAN TAMAD
       Witness                                  Witness


    ACKNOWLEDGMENT

    Republic of the Philippines)
    City of Makati                  ) S.S.

    BEFORE ME, a Notary Public, for and in the City of Makati, this 25th day of June 2013 personally appeared:

                             Name                       Identification Card        Issued On/At

                 JUAN DELA CRUZ                    SSS I.D. No. 123         1-1-11/Makati
                 PEDRO DELOS SANTOS           SSS I.D. No. 222         2-1-11/Makati
                 MARIA DELA CRUZ                  SSS I.D. No. 333          3-1-11/Makati  
                 MARIA MAKILING                    SSS I.D. No. 444          4-1-11/Makati 
                 JUAN TAMAD                           SSS I.D. No. 555          5-1-11/Makati


            all known to me to be the same persons who executed the foregoing instrument and hereby acknowledged to me that the same is their free and voluntary act and deed.

          This instrument consisting of two (2) pages, including this page on which this acknowledgment is written refers to a DEED OF CHATTEL MORTGAGE and has been signed by the parties and their witnesses and sealed with my notarial seal.

                   WITNESS MY HAND AND NOTARIAL SEAL.

    Doc. No. ____
    Page No. ____
    Book No. ____
    Series of 2013.


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