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    Chattel Mortgage: IN WITNESS WHEREOF, I Have Signed This Instrument On 17 June

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    Mera Lyka Timan
    Miranda T. Man took out a loan of 200,000 pesos from David Ryan S. Chua to be paid back within one year. As collateral for the loan, Miranda mortgaged her 1994 Toyota Corolla to David. The mortgage document details the car's description and registration. It states that the mortgage will be nullified upon repayment of the loan, but can be foreclosed if Miranda defaults. Miranda signed the document on June 17, 2021 in Quezon City to legally transfer ownership of the car to David until the loan is repaid.

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    Chattel Mortgage: IN WITNESS WHEREOF, I Have Signed This Instrument On 17 June

    Uploaded by

    Mera Lyka Timan
    13 views2 pages
    Miranda T. Man took out a loan of 200,000 pesos from David Ryan S. Chua to be paid back within one year. As collateral for the loan, Miranda mortgaged her 1994 Toyota Corolla to David. The mortgage document details the car's description and registration. It states that the mortgage will be nullified upon repayment of the loan, but can be foreclosed if Miranda defaults. Miranda signed the document on June 17, 2021 in Quezon City to legally transfer ownership of the car to David until the loan is repaid.

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    Miranda T. Man took out a loan of 200,000 pesos from David Ryan S. Chua to be paid back within one year. As collateral for the loan, Miranda mortgaged her 1994 Toyota Corolla to David. The mortgage document details the car's description and registration. It states that the mortgage will be nullified upon repayment of the loan, but can be foreclosed if Miranda defaults. Miranda signed the document on June 17, 2021 in Quezon City to legally transfer ownership of the car to David until the loan is repaid.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    13 views2 pages

    Chattel Mortgage: IN WITNESS WHEREOF, I Have Signed This Instrument On 17 June

    Uploaded by

    Mera Lyka Timan
    Miranda T. Man took out a loan of 200,000 pesos from David Ryan S. Chua to be paid back within one year. As collateral for the loan, Miranda mortgaged her 1994 Toyota Corolla to David. The mortgage document details the car's description and registration. It states that the mortgage will be nullified upon repayment of the loan, but can be foreclosed if Miranda defaults. Miranda signed the document on June 17, 2021 in Quezon City to legally transfer ownership of the car to David until the loan is repaid.

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

    Republic of the Philippines )

    Quezon City ) s.s.

    CHATTEL MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    That I, Miranda T. Man, of legal age, single, and resident of Quezon


    City, for and in consideration of the loan of Two Hundred Thousand Pesos
    (P200,000.00), granted to me by David Ryan S. Chua, also of legal age,
    single, and resident of #65 Herrera St. Sta. Cruz, Manila, to be paid one year
    (1) year from date hereof, have transferred and conveyed by way of chattel
    mortgage unto said Toyota Corolla 1994, his heirs, successors and assigns,
    free from all liens and encumbrances that certain motor vehicle, at present
    in my possession at my address, more particularly described as:

    Model/Make No./Color : Toyota Corolla 1994 Red;


    Chassis No. : 3283628vdv;
    Engine No. : 1972949364;

    of which I am the true and absolute owner by title thereto, being


    evidenced by Registration Certificate of Motor Vehicle No. 12736 issued in
    my name by the Land Transportation Office on 02 June 2000.

    This chattel mortgage has been executed in order to secure the full
    and faithful payment of my obligation to David Ryan S. Chua 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 WITNESS WHEREOF, I have signed this instrument on 17 June


    2021 at Quezon City, Philippines.

    Miranda T. Man
    Affiant

    Signed in the presence of:

    Juan Paolo Bediones Evelyn Chua


    Republic of the Philippines )
    Quezon City )S.S.

    ACKNOWLEDGMENT

    In Quezon City, Philippines, this 17 th day of June 2021, before


    me, in and for the said city, personally appeared MIRANDA T. MAN
    with SSS ID No. 03-588367-06, known to me and to me known to be
    the same person who executed the foregoing Chattel Mortgage, and
    she acknowledged to me that she executed the same as her free and
    voluntary act and deed, after having the same fully explained to her
    and realizing the effects thereof and, of all the matters and things
    dealt with in said instrument; that the same was executed and signed
    by her without any persuasion, promise, threat, force, duress, fraud,
    or representation of any kind by any person whomsoever and that he
    understood the full contents thereof as well as the effects thereof.
    ATTY, RICKY A. ENORIO

    WITNESS MY HAND, this 17th day of June, in Quezon City,


    Philippines.

    Doc. No.
    Page No.
    Book No.
    Series of 2021.

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