Scribd
Upload
53 views2 pages

Affidavit of Good Faith

AA Santos took out a loan of 500,000 pesos from BB Jose to be repaid in one year. As collateral, AA Santos mortgaged his 2011 Isuzu Canter truck to BB Jose. The deed of chattel mortgage transfers ownership of the vehicle to BB Jose to secure repayment of the loan. It will become null and void upon full payment, but otherwise remains in effect and can be foreclosed on according to law. AA Santos, BB Jose, CC Cruz and DD De Leon appeared before a notary and acknowledged that the chattel mortgage was executed solely to secure the specified loan obligation and for no fraudulent purpose.

Uploaded by

NN DDL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
53 views2 pages

Affidavit of Good Faith

AA Santos took out a loan of 500,000 pesos from BB Jose to be repaid in one year. As collateral, AA Santos mortgaged his 2011 Isuzu Canter truck to BB Jose. The deed of chattel mortgage transfers ownership of the vehicle to BB Jose to secure repayment of the loan. It will become null and void upon full payment, but otherwise remains in effect and can be foreclosed on according to law. AA Santos, BB Jose, CC Cruz and DD De Leon appeared before a notary and acknowledged that the chattel mortgage was executed solely to secure the specified loan obligation and for no fraudulent purpose.

Uploaded by

NN DDL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:


That I, AA Santos, of legal age, single and resident of 9000 Hormiga Street,
Makati City, for and in consideration of the loan of FIVE HUNDRED
THOUSAND PESOS (P500,000.00), granted to me by BB Jose, also of legal age,
single and resident of 800 Theresa Street, Makati City, to be paid one (1) year from date
hereof, have transferred and conveyed by way of chattel mortgage unto said BB Jose,
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, 2011.
This chattel mortgage has been executed in order to secure the full and faithful payment
of my obligation to BB Jose in accordance with the terms and conditions of this
instrument. Upon payment, this contract shall become null and void; 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 May 2013 at Makati City, Philippines.

AA Santos
Mortgagor

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

AA Santos
Mortgagor

BB Jose
Mortgagee

SIGNED IN THE PRESENCE OF:

CC CRUZ
Witness

DD DE LEON
Witness

ACKNOWLEDGMENT
Republic of the Philippines)
City of Makati
) S.S.
BEFORE ME, a Notary Public, for and in the City of Makati, this 25th day of June 2013
personally appeared:
Name
AA SANTOS
BB JOSE
CC CRUZ
DD DE LEON

Identification Card
SSS I.D. No. 123
SSS I.D. No. 222
SSS I.D. No. 444
SSS I.D. No. 555

Issued On/At
1-1-11/Makati
2111/Makati
4-1-11/Makati
5-1-11/Makati

all known to me to be the same persons who executed the foregoing instrument
and hereby acknowledged to me that the same is their free and voluntary act and deed.
This instrument consisting of two (2) pages, including this page on which this
acknowledgment is written refers to a DEED OF CHATTEL MORTGAGE and has been
signed by the parties and their witnesses and sealed with my notarial seal.
WITNESS MY HAND AND NOTARIAL SEAL.
Doc. No. ____
Page No. ____
Book No. ____
Series of 2013.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy