This document is a contract of pledge between two parties. The first party owns various personal properties that they intend to use as collateral to secure a loan from the second party. The first party warrants that they are the true owner of the properties and will defend their possession. Both parties execute this pledge contract to attest to the facts for the purpose of the pledge agreement.
This document is a contract of pledge between two parties. The first party owns various personal properties that they intend to use as collateral to secure a loan from the second party. The first party warrants that they are the true owner of the properties and will defend their possession. Both parties execute this pledge contract to attest to the facts for the purpose of the pledge agreement.
This document is a contract of pledge between two parties. The first party owns various personal properties that they intend to use as collateral to secure a loan from the second party. The first party warrants that they are the true owner of the properties and will defend their possession. Both parties execute this pledge contract to attest to the facts for the purpose of the pledge agreement.
This document is a contract of pledge between two parties. The first party owns various personal properties that they intend to use as collateral to secure a loan from the second party. The first party warrants that they are the true owner of the properties and will defend their possession. Both parties execute this pledge contract to attest to the facts for the purpose of the pledge agreement.
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CONTRACT
OF
PLEDGE
KNOW ALL MEN BY THESE PRESENTS:
This contract is entered into by and between: ______________, Filipino, of legal age and a resident of 42 Lizada Street, Uyanguren Davao City Philippines, hereinafter referred as the FIRST PARTY; - And ________________, Filipino, of legal age and a resident of Brgy. Manongol Kidapawan City, Philippines, hereinafter referred as the SECOND PARTY. WITNESSETH: 1.) That the FIRST PARTY is the true and absolute owner of the following personal properties, to wit: (Enumerate & Describe Each Property) 2.) That FIRST PARTY intend to deliver the said personal properties as a collateral to secure the loan that the FIRST PARTY is applying for from SECOND PARTY _____________ for an amount of ____________________; 3.) That FIRST PARTY hereby warrants title and ownership over the above-mentioned personal properties and the FIRST PARTY will defend the possession of the Pledge from eviction; 4.) That the FIRST PARTY AND THE SECOND PARTY executes this PLEDGE CONTRACT to attest to the truth of the aforementioned facts for a contract of pledge and for any other legal purposes that this Affidavit could serve. Done this __ day of _________ 2016, at Davao City, Philippines.
First Party
Second Party
Signed in the presence of:
_____________________
&
_____________________
ACKNOWLEDGMENT
Republic of the Philippines}
C I T Y O F D A V A O } s.s. x------------------------------x BEFORE ME, a Notary Public for and in the City of Davao, Philippines, this _____ day of ___________, 2016, personally appeared, the parties with their corresponding Comm. Tax. Cert. Nos. as indicated below: PARTY
CTC NO.
DATE OF ISSUE
PLACE OF ISSUE
Known to me and to me known to be the same persons who
executed the foregoing instrument and they acknowledge to me that the same is their own free and voluntary act and deed. WITNESS MY HAND AND SEAL.