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X MORTGAGES
A. CHATTEL
Form No. 1--Chattel
Mortgage Without Separate Promissory Note
Form No. 2--Petition
for Extra Judicial Foreclosure of Chattel Mortgage under Act 1508
Form No. 3--Release
of Chattel Mortgage on Motor Vehicle
B. REAL STATE
Form No. 1--Petition for
Extra Judicial Foreclosure of Real Estate Mortgage under Act 3135 as
amended
Form No. 2--Real Estate
Mortgage Without Separate Promissory Note
Form No. 3--Release of Mortgage
Form No. 4--Release of Real Estate Mortgage
Form No. 1--Chattel
Mortgage Without Separate Promissory Note
(Chattel Mortgage
Without Separate Promissory Note)
CHATTEL MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This Chattel Mortgage, made by and
between:
_____________,
of legal age, (single / married / widow),
and a resident of _____________,
Philippines (hereinafter known as the MORTGAGOR);
- and -
_____________,
of legal age, (single / married / widow),
and a resident of _____________,
Philippines (hereinafter known as the MORTGAGEE);
WITNESSETH; That:
The MORTGAGOR is indebted unto the MORTGAGEE in
the sum of _____________ (P__________),
Philippine Currency, receipt of which is acknowledged by the
MORTGAGOR upon the signing of this instrument, payable to the order
of the MORGAGEE without need of prior demand or notice within a
period of _____________
(years/months/weeks/days), at
_____________ (P__________)
(monthly/weekly/daily) starting on
_____________
and on every _____________
thereafter until fully paid, with interest thereon at the
rate of _____________ (______%)
percent per (month/annum).
NOW, THEREFORE, for and consideration of
the afore-mentioned indebtedness, and to assure the performance of
said obligation to pay, the MORTGAGOR hereby
conveys by way of
CHATTEL MORTGAGE unto the MORTGAGEE,
(his/her) heirs, successors and assigns, the following
personal property now in the possession of said MORTGAGOR:
(Description of the
Subject Personal Property)
That it is the condition of this Mortgage that
should the MORTGAGOR perform the obligation to pay the afore-cited
indebtedness of _____________
together with accrued interest thereon, within the agreed term, this
Chattel Mortgage shall be discharged and shall at once become null
and void and of no effect whatsoever, otherwise, it shall subsist
and remain in full force and effect and be subject to foreclosure in
the manner and form prescribed by law.
IN WITNESS WHEREOF, we have have hereunto
set their hands, this _____________
at _____________,
Philippines.
MORTGAGOR MORTGAGEE
With my Marital Conformity:
Mortgagor's Spouse
SIGNED IN THE PRESENCE OF:
__________________ __________________
(ACKNOWLEDGMENT)
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 cited
and for no other purpose or purposes contrary to law.
MORTGAGOR MORTGAGEE
(JURAT)
Form No. 2--Petition
for Extra Judicial Foreclosure of Chattel Mortgage under Act 1508
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