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Chattel Mortgage: All Men

This document is a chattel mortgage between a mortgagor and mortgagee. The mortgagor owes the mortgagee [Amount in Words] (000,000.00) and to secure this debt, the mortgagor conveys ownership of a vehicle described by its make, motor number, series, serial/chassis number, type of body, plate number and file number. The obligation will be fulfilled if the mortgagor pays back the debt and interest, otherwise the chattel mortgage remains in effect granting ownership to the mortgagee. Both parties signed in acknowledgement.

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Nina Anne Paracad
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114 views2 pages

Chattel Mortgage: All Men

This document is a chattel mortgage between a mortgagor and mortgagee. The mortgagor owes the mortgagee [Amount in Words] (000,000.00) and to secure this debt, the mortgagor conveys ownership of a vehicle described by its make, motor number, series, serial/chassis number, type of body, plate number and file number. The obligation will be fulfilled if the mortgagor pays back the debt and interest, otherwise the chattel mortgage remains in effect granting ownership to the mortgagee. Both parties signed in acknowledgement.

Uploaded by

Nina Anne Paracad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CHATTEL MORTGAGE

KNOW  ALL MEN  BY THESE PRESENTS:

     I , ( Na m e o f Mo rt g a g o r )   of legal age, single/married
to____________________ with postal address
at_____________________________hereinafter known as the MORTGAGOR, and
_________________________________ of legal age, single/married
to ______________________ with postal address at
_______________________________ hereinafter known as the MORTGAGEE,
witnesseth:

         That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of (Amount in
Words) (000,000.00), 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;

        That for, and 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 now in the
possession of said MORTGAGOR.

MAKE                   : MOTOR NO.                      :


SERIES                 :  SERIAL/CHASSIS NO.     :
TYPE OF BODY     : PLATE NO.                        :
YEAR MODEL       : FILE NO.                            :
   
 
    That the condition of this obligation is that should the MORTGAGOR perform the
obligation to pay the hereinabove cited indebtedness of (Amount in Words)
(000,000.00) together with accrued interest thereon, this chattelmortgage shall at once
become null and void and of no effect whatsoever, otherwise, it shall remain in full force and
effect.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this ____day of
____________ 20___ at ____ Philippines.

 _______________________________            
_______________________________
MORTGAGOR                                    MORTGAGEE

 IN THE PRESENCE OF:

_______________________________            
_______________________________

ACKNOWLEDGEMENT

 
Republic of the Philippines)
 ________________________ ) S.S

BEFORE ME, personally appeared:

                          Name                             CTC Number                          Date/Place Issued

               (Name of Mortgagor)                    10000000                        Jan 01, __ / Quezon City


               (Name of Mortgagee)                   10000000                        Jan 11, __ / Las Pinas City

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

WITNESS MY HAND AND SEAL, on the date and place first above written.

                                                                                                              

                                                                                                               Notary Public

Doc. No.______;
Page No. _____;
Book No.______;
Series of 20___.

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