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    Deed of Chattel Mortgage

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    francis ian Narit
    Olive Oliviano took out a 50,000 peso loan from Lucky Awangan and used her 2011 Isuzu Canter truck as collateral. The truck is registered under Olive's name. If Olive repays the loan within one year, the agreement will be cancelled. Otherwise, Lucky can foreclose on the truck according to law to recover the debt. Olive signed the chattel mortgage on March 5, 2019 in Maasin City to secure the loan.

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    Deed of Chattel Mortgage

    Uploaded by

    francis ian Narit
    80 views2 pages
    Olive Oliviano took out a 50,000 peso loan from Lucky Awangan and used her 2011 Isuzu Canter truck as collateral. The truck is registered under Olive's name. If Olive repays the loan within one year, the agreement will be cancelled. Otherwise, Lucky can foreclose on the truck according to law to recover the debt. Olive signed the chattel mortgage on March 5, 2019 in Maasin City to secure the loan.

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    DEED OF CHATTEL MORTGAGE

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    Olive Oliviano took out a 50,000 peso loan from Lucky Awangan and used her 2011 Isuzu Canter truck as collateral. The truck is registered under Olive's name. If Olive repays the loan within one year, the agreement will be cancelled. Otherwise, Lucky can foreclose on the truck according to law to recover the debt. Olive signed the chattel mortgage on March 5, 2019 in Maasin City to secure the loan.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    80 views2 pages

    Deed of Chattel Mortgage

    Uploaded by

    francis ian Narit
    Olive Oliviano took out a 50,000 peso loan from Lucky Awangan and used her 2011 Isuzu Canter truck as collateral. The truck is registered under Olive's name. If Olive repays the loan within one year, the agreement will be cancelled. Otherwise, Lucky can foreclose on the truck according to law to recover the debt. Olive signed the chattel mortgage on March 5, 2019 in Maasin City to secure the loan.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 2

    DEED OF CHATTEL MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

              That I, OLIVE OLIVIANO, of legal age, married and resident of Brgy.


    Pari-an MAASIN CITY, for and in consideration of the loan
    of FIFTY THOUSAND PESOS (P50,000.00), granted to me by LUCKY
    AWANGAN, also of legal age, married and resident of 800 St. Brgy. Labangon
    MAASIN CITY, to be paid one (1) year from date hereof, have transferred and
    conveyed by way of chattel mortgage unto said LUCKY AWANGAN, his heirs,
    successors and assigns, free from all liens and encumbrances that certain motor
    vehicle, presently in my possession, more particularly described as:

                        MODEL/MAKE : 2011 Isuzu


                        COLOR : Black
                        BODY : Canter
                        MOTOR NO. : 123456
                        SERIAL/CHASSIS NO. : 789666
                        PLATE NO. : XYZ-123

    of which I am the true and absolute owner by title thereto, being evidenced by
    Registration Certificate of Motor Vehicle No. 1122 issued in my name by the Land
    Transportation Office on July 6, 2017.

    This chattel mortgage has been executed in order to secure the full and


    faithful payment of my obligation to LUCKY AWANGAN in accordance with the
    terms and conditions of this instrument. Upon payment, this contract shall become
    canceled; otherwise, it shall continue in full force and effect and may be foreclosed
    in accordance with law.

              IN WITNESSS WHEREOF, I have hereunto signed


    this deed of chattel mortgage, this 5th day of March 2019 at MAASIN CITY,
    Philippines.

    OLIVON OLIVIANO
    Mortgagor
    SUBSCRIBED AND SWORN to before me this 21st day of April, 2021 in the City of
    Maasin, Province of Southern Leyte.

    _______________________
    ATTY. FRANCIS IAN D. NARIT
    Notary Public, until12/31/21
    PTR No. 12345,1/2/2021
    IBP No. 13245
    Doc No.
    Page No.
    Book No. Series of 2021

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