Deed of Chattel Mortgage

DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

JACINTO AGUINALDO, of legal age, Filipino, single with residence at #919 Obilivion St., Bellevue Village, Pasig City, hereinafter referred to as the “MORTGAGOR”

AND

TANYA GERERO, of legal age, Filipino, married to FRANCO GERERO with residence at Block 12 Lot 9, Font abello Subdivision, Quezon City, hereinafter referred to as the “MORTGAGEE”,

WITNESSETH that:

The Mortgagor does hereby convey by way of chattel mortgage unto the Mortgagee, the following described personal property, ordinarily situated and presently in the possession of the said Mortgagor, to wit:

Make and type: Toyota Vios 2005 Model Serial/ Chassis No.: X0123456789 Motor No.: 0987654321 Plate No.: ZCH 138

That this Chattel Mortgage is given as security for the payment to the Mortgagee, of a certain promissory note, dated August 19, 2011 for the sum of Six Hundred Fifty Thousand Pesos (Php 650,000.00), Philippine Currency, with interest thereon at the rate of 10 per centum (10%) per annum, according to the terms and in the words and figures following:

(Copy of the promissory note)

August 19, 2011 P 650,000.00

Manila, Philippines

60 days after date, I, JACINTO AGUINALDO promise to pay, for value received, to TANYA GERERO or order the sum of Three Hundred Fifty Thousand Pesos, with interest at 3 per centum per annum until fully paid. The makers and endorsers severally waive presentment for payment, protest and notice of non-payment of this note.

___________________________ JACINTO AGUINALDO

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That the condition of this Chattel Mortgage is such that if the said Mortgagor, his heirs, executors, or administrators shall well and truly perform the full obligation above-stated according to the terms thereof, this Chattel Mortgage shall be discharged and be of no effect, otherwise, it shall remain in full force and effect and shall be enforceable in the manner provided by law.

IN WITNESS WHEREOF, the parties have hereunto set their hands this 19 2011 in Quezon City , Philippines.

__________________________ JACINTO AGUINALDO Mortgagor

th

day of September

_________________________ TANYA GERERO Mortgagee

Signed in the Presence of:

___________________________ MYLENE SY Witness

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_________________________ NIGEL VALERA Witness

REPUBLIC OF THE PHILIPPINES) MANILA………......………………..) S.S.

ACKNOWLEDGEMENT

BEFORE ME, a NOTARY PUBLIC for and in the above jurisdiction, this 19 September, 2011, personally appeared the following persons:

th

day of 

NAME

IDENTIFICATION

DATE AND PLACE OF ISSUANCE

Jacinto Aguinaldo

SSS ID NO. 0987654321

May 5, 2008, Quezon City

Tanya Gerero

SSS ID No. 1234567890

April 7, 2007, Quezon City

Known to me to be the same persons who executed the foregoing instrument and they acknowledged to me that the same is their own free and voluntary act and deed. This instrument refers to a DEED OF CHATTEL MORTGAGE and consists of 3 pages including the page on which this acknowledgment is written and signed by the parties and their instrumental witnesses on each and every page thereof. WITNESS MY HAND AND SEAL on the date and at the place above written.

JACOB EDUARDO Notary Public for Quezon City 1209 MVP Bldg., Diliman, Quezon City Until December 31, 2011 Roll 961566, Page 192, Book XIV P.T.R. No. 1928, 12/31/2011, Quezon City. IBP No. 0709, 12/31/2011, Quezon City. MCLE COMPLIANCE II 861209, 3/28/2011 Serial No. Commission: 12-0709

Doc No. 26; Page No. 38; Book No. 10; Series of 2011

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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 just and valid obligation, and one not entered into for the purpose of fraud.

__________________________ JACINTO AGUINALDO Mortgagor

_________________________ TANYA GERERO Mortgagee

REPUBLIC OF THE PHILIPPINES) MANILA………......………………..) S.S.

th

SUBSCRIBED AND SWORN to me before this 19 day of September 2011, at Manila, Philippines by JACINTO AGUINALDO and TANYA GERERO who showed me their SSS ID NO. 0987654321 with expiry date on May 5, 2008 issued at Quezon City, Philippines and SSS ID No. 1234567890 with expiry date on April 7, 2007 issued at Quezon City, Philippines, respectively.

JACOB EDUARDO Notary Public for Quezon City 1209 MVP Bldg., Diliman, Quezon City Until December 31, 2011 Roll 961566, Page 192, Book XIV P.T.R. No. 1928, 12/31/2011, Quezon City. IBP No. 0709, 12/31/2011, Quezon City. MCLE COMPLIANCE II 861209, 3/28/2011 Serial No. Commission: 12-0709

Doc No. 83; Page No. 19; Book No. 12; Series of 2011

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LEGAL FORMS DEED OF CHATTEL MORTGAGE

Submitted By: NADINE G. JUANENGO 4B 2008-010841

Submitted To: Atty. Rene Gorospe

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