CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:
    This CHATTEL MORTGAGE, made and executed by ( full name of the mortgagor ), Filipino, of legal age, single ( or married to _______________________), with residence and post-office address at _____________________________________ hereinafter called the MORTGAGOR, in favor of ( full name of mortgagee), Filipino, of legal age, single (or married to _______________________), with residence and post-office address at _____________________________________________ hereinafter called the MORTGAGEE,

WITNESSETH:
    That the MORTGAGOR does hereby convey by way of chattel mortgage unto the MORTGAGEE the following described personal property, situated and ordinarily kept at _______________________________ and presently in the possession of the said MORTGAGOR, to wit: (specify and describe the article of articles of mortgage).
    That this CHATTEL MORTGAGE is given as a security for the payment of a certain promissory note, dated __________________, for the sum of _______________________ PESOS ( P _______________), with interest thereon at the rate of ________________________ ( _____%) per centum per annum, according to the terms and conditions thereof, and in the words and figures following:
(Copy the promissory note)
    That the condition of this CHATTEL MORTGAGE is such that if the said MORTGAGOR, his heirs, executors, or administrators shall well and truly perform the full obligation above stated according to the terms thereof, then this CHATTEL MORTAGE shall be null and void; otherwise, it shall remain in full force and effect and shall be enforceable in the manner provided by law.
    IN WITNESS WHEREOF, I have hereunto set my hand this ________________ day of ________________, 2_________, in ________________________ Philippines.

__________________________
              (Mortgagee)
WITNESSES:
______________________________            ______________________________
ACKNOWLEDGMENT

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 purpose of fraud.
_______________________________            ______________________________
                 (Mortgagor)                              (Mortgagee)

JURAT

 


Comments

07/22/2013 7:33am

See that with you can quickly buy the property.

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This is very helpful for people who don't know how to write something like this.

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