CHATTEL MORTGAGE

KNOW BY ALL MEN BY THESE PRESENTS:

I, Susan Ford, of legal age, married, Filipino, and resident of House No.
142, 7th Street, Sun Valley, Talisay City, Cebu hereinafter known as the
MORTGAGOR, and Aim Financial Corporation, a corporation due organized
and existing under the laws of the Philippines with office of business at No.
41 FRC Bldg., Guadalupe, Cebu City, Cebu hereinafter known as the
MORTGAGEE, witnesseth THAT:
1. The MORTGAGOR is indebted unto the MORTGAGEE in the sum of
Five Hundred Thousand (P500,000.00), Philippine Currency, receipt of which
is acknowledged by the Mortgagor upon the signing of the instrument,
payable within a period of Twenty Four (24) Months, with interest thereon at
the rate of Four (4%) percent per month;
2. For, and consideration of, this indebtedness, and to assure the
performance of said obligation to pay, the MORTGAGOR hereby conveys by
way of CHATTEL MORTGAGE unto the MORTGAGEE, its assigns, the following
personalty now in the possession of said Mortgagor:
MODEL/MAKE : Toyota Fortuner 2013
COLOR : Black
BODY : SUV
PLATE NO. : YGX 123
3. The condition of this obligation is that should the Mortgagor perform
the obligation to pay the hereinabove-cited indebtedness of Five Hundred
Thousand Pesos (P500,000.00), together with accrued interest thereon, this
chattel mortgage shall at once become null and void and of no effect
whatsoever, otherwise, it shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands, this
19 day of November, 2013, at Cebu City, Philippines.
th

Susan Ford
Mortgagor

Aim Financial Corporation

Mortgagee
Witnesses:

Keith Stanley Caete

Michael Cyril Mahinay

ACKNOWLEDGEMENT

Republic of the Philippines)

CEBU CITY

) S.S

BEFORE ME, a Notary Public for and in the City of Cebu this 20th day of
November, 2013, personally came and appeared:

Name
Date/Place Issued

Evidence of Identity

Susan Ford
Cebu City
Atty. Jonna Mae Campugan

TIN No. 1234567

February

24,

2013/

IBP Lifetime No. 02327 March 27, 2008

(For Aim Financial Corporation)

Known to me to be the same person who executed the foregoing Promissory

Note and acknowledged to me that the same is her free and voluntary acts
and deeds and that of the corporation/s they represent.
This Chattel Mortgage consisting of two (3) pages, including the page on
which this acknowledgement is written, has been signed on each and every
page thereof by the parties and their witnesses, and sealed with my notarial
seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No. 892;

Page No. 02;

Book No.08;
Series of 2013.