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X MORTGAGES
Form No. 2--Petition
for Extra Judicial Foreclosure of Chattel Mortgage under Act 1508
(Petition for Extra
Judicial Foreclosure of Chattel Mortgage under Act 1508)
The
City/Provincial Sheriff
City/Province of
_____________,
Philippines
S I R:
G R E E T I N G S :
Mortgagee
_____________, of legal age,
Filipino, (single / married / widow),
and a resident of _____________,
Philippines, most respectfully alleges:
1.
That on
_____________, __Name
of Mortgagor-Debtor__,
of legal age, Filipino, (single / married /
widow), and a resident of
_____________, Philippines, executed a Chattel Mortgage
in my favor, mortgaging the property described in the Chattel
Mortgage Contract hereto attached as Annex "A" and forming an
integral part hereof, to secure the payment of loan in the amount
which is shown in the promissory note executed by said
Mortgagor-Debtor dated _____________,
a copy of which is hereto attached as Annex "B";
2.
That to the best of my knowledge, the
mortgaged property is subject to no prior mortgage or any lien
whatsoever and is now in the possession and full control of the
above-named Mortgagor-Debtor;
3.
That the Mortgagor-Debtor defaulted in his
obligation under the aforementioned Chattel Mortgage Contract and
Promissory Note;
4.
That under the terms and conditions of the
Chattel Mortgage Contract, the Mortgagee is entitled to foreclose
extra-judicially the mortgaged property, which is more particularly
described as follows, to wit:
Make:
_____________ Motor No.:
_____________
Series:
_____________ Chassis No.:
_____________
Type of Body:
_____________ Plate No.:
_____________
CR No.:
_____________ MVRR No.:
_____________
5.
That by the terms and conditions of the
Chattel Mortgage Contract herein-above referred to, the principal
obligation of the Mortgagor which has become overdue as of
_____________ is in the amount
of __________________________
(P___________), excluding
penalties, liquidated damages, past due interest, attorney's fee
representing _______% of the
total obligation due, other charges and expenses of foreclosure.
WHEREFORE, I respectfully request you to
take possession of the property described in the aforementioned
Chattel Mortgage Contract and sell the same at Public Auction in
accordance with the provisions of Act 1508. Please furnish the
undersigned and the Mortgagor-Debtor with copies of your Notice of
Sale at least ten (10) days before the sale.
_____________,
Philippines, __Date__.
MORTGAGEE
(VERIFICATION)
Form No. 3--Release
of Chattel Mortgage on Motor Vehicle
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