Legal Form Contract - B
Legal Form Contract - B
Legal Form Contract - B
CHATTEL MORTGAGE
LUIS S. TAMPORO, of legal age, married, and a resident of 121 2nd St. Doña Clara
Village, Concepcion Pequeña, Naga City, Camarines Sur, Philippines hereinafter known
as the MORTGAGOR;
– and –
JEREMY W. RENNER, of legal age, single, and a resident of 154 4th St. Doña Clara
Village, Concepcion Pequeña, Naga City, Camarines Sur Philippines hereinafter known
as the MORTGAGEE;
WITNESSETH; That:
The MORTGAGOR is indebted unto the MORTGAGEE in the sum of one million
pesos (P1,000,000.00), 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 two (2) years, at
forty two thousand pesos (P42,000.00) monthly starting on May 15, 2023 and on every
fifteenth (15th) of the following months thereafter until fully paid, with interest thereon at
the rate of ten percent (10%) percent per annum.
That it is the condition of this Mortgage that should the MORTGAGOR perform the
obligation to pay the afore-cited indebtedness of one million pesos (P1,000,000.00)
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 May 11,
2023 at Naga City, Camarines Sur, Philippines.
CHRISTINE H. TAMPORO
Mortgagor’s Spouse
Joatham Anry T. Genovis Legal Forms Block B
_________________________ ___________________________
Joatham Anry T. Genovis Legal Forms Block B
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the above jurisdiction, this 15th day of
May 2023 personally appeared:
to me known and by me known to be the same persons who executed the foregoing Loan
Agreement with Real Estate Mortgage and they acknowledged to me that the same is
their free and voluntary act and deed and that of the entity represented, if any, for the
uses and purposes therein set forth. The aforesaid persons likewise made oath as to the
truth of the Affidavit of Good Faith.
WITNESS MY HAND AND NOTARIAL SEAL at the place and on the date first
herein above written.