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    Chattel Mortgage

    Uploaded by

    Bliz Duzon
    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee [Amount in Words] (000,000.00) and is conveying ownership of a vehicle described by its make, series, type of body, year, model, motor and serial/chassis numbers, and plate number to the mortgagee as collateral. The agreement states that if the mortgagor repays the debt plus interest, the mortgage becomes void, otherwise it remains in effect to secure repayment of the loan.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Chattel Mortgage

    Uploaded by

    Bliz Duzon
    152 views2 pages
    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee [Amount in Words] (000,000.00) and is conveying ownership of a vehicle described by its make, series, type of body, year, model, motor and serial/chassis numbers, and plate number to the mortgagee as collateral. The agreement states that if the mortgagor repays the debt plus interest, the mortgage becomes void, otherwise it remains in effect to secure repayment of the loan.

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    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee [Amount in Words] (000,000.00) and is conveying ownership of a vehicle described by its make, series, type of body, year, model, motor and serial/chassis numbers, and plate number to the mortgagee as collateral. The agreement states that if the mortgagor repays the debt plus interest, the mortgage becomes void, otherwise it remains in effect to secure repayment of the loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    152 views2 pages

    Chattel Mortgage

    Uploaded by

    Bliz Duzon
    This document is a chattel mortgage agreement between a mortgagor and mortgagee. The mortgagor owes the mortgagee [Amount in Words] (000,000.00) and is conveying ownership of a vehicle described by its make, series, type of body, year, model, motor and serial/chassis numbers, and plate number to the mortgagee as collateral. The agreement states that if the mortgagor repays the debt plus interest, the mortgage becomes void, otherwise it remains in effect to secure repayment of the loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CHATTEL MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS: I, ( N a me o f M o r t 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 SERIES TYPE OF BODY YEAR MODEL : : : : MOTOR NO. SERIAL/CHASSIS NO. PLATE NO. 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 chattel mortgage 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 (Name of Mortgagor) (Name of Mortgagee) 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. CTC Number 10000000 10000000 Date/Place Issued Jan 01, __ / Quezon City Jan 11, __ / Las Pinas

    Notary Public Doc. No.______; Page No. ______; Book No.______; Series of 20__.

    Note: Chattel mortgages requires an Affidavit of Good Faith attached to it -sample below: AFFIDAVIT OF GOOD FAITH 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.

    ____________________________ MORTGAGOR

    _____________________________ MORTGAGEE

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