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CHATTELMORTGAGE

0042015005120

KNOWALLMENTHESEPRESENTS:
I, Allan Espineli, of legal age, single with postal address at TEST herein after known as the
MORTGAGOR/S,andHeatMotorsoflegalage,withpostaladdressatHeatMotorshereinafterknown
astheMORTAGAGEE/S,witnesseth:
That the MORTGAGOR/S is/are indebted unto the MORTGAGEE in the sum of Five Hundred
Thousand (PHP 500,000.00) , receipt of which is acknowledged by the MORTGAGOR/S upon the
signingofthisinstrument,payablewithinaperiodof4Years,withinterestthereonattherateof(3)%
perannum
Thatfor,andinconsiderationof,thisindebtedness,andtoassuretheperformanceofsaidobligationto
pay, the MORTGAGOR/S hereby conveys by way of CHATTEL MORTGAGE unto the
MORTGAGEE, his heirs and assigns, the following personality now in the possession of said
MORTGAGOR/S:
Motor/Vehicle
Make/Brand
Aixam

Year/Model
TEST

ChassisNo.
TEST

EngineNumber
TEST

ThattheconditionofthisobligationisthatshouldbeMORTGAGOR/Sperformtheobligationtopay
thehereinabovecitedindebtednessofFiveHundredThousand(PHP500,000.00)togetherwithaccrued
interestthereon,thischattelmortgageshallatoncebecomenullandvoidandofnoeffectwhatsoever,
otherwise,itshallremaininfullforceandeffect.

AFFIDAVITOFGOODFAITH
We,theundersignedMORTGAGOR/SandMORTGAGEE,herebyjointlyandseverallyswearthatthe
foregoing chattel mortgage is made and executed for the purpose of securing the obligation specified
therein,andfornootherpurpose,andthatthesameisajustandvalidobligationandonenotentered
intoforpurposesoffraud.
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Mortgagor

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Spouse/CoMaker

TinNo.

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1.

AllanEspineli

TEST

Mortgagee

AuthorizedRepresentative

TinNo.

1.

HeatMotors

HeatMotorsAuthSignatory

HeatMotors

Witnesses

SignatureOverPrintedName

ACKNOWLEDGEMENT
RepublicofthePhilippines)
)S.S
BEFOREME,personallyappeared:
Name

CTCNumber

Date/PlaceIssued

AllanEspineli
HeatMotorsAuthSignatory
Known to me to be the same persons who executed the foregoing Chattel Mortgage, the Affidavit of
TruthmadeoathtothetruththereofandtotheEndorsementandAssignmentandacknowledgedthatthey
executedtheaforementioneddocumentastheirfreeandvoluntaryactanddeed(aswellasthefreeand
voluntaryactanddeedofentitiesheortheyrepresent).
WITNESSMYHANDANDSEALthis
Philippines
NotaryPublic
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ASSIGNMENT
Paytotheorderofheatmotors2withnoticepresentmentanddemandherebywaived.
For and in consideration of a financial accommodation/loan in the principal sum of Four Hundred
Thousand (PHP 400,000.00) , the Payee/Mortgagee (or its successors or assigns) hereby assigns,
transfersandconveysuntoheatmotors2 with principal address at the heatmotors2 all his rights, title
andinteresttotheaforementionedpropertydescribedherein,includingparts,replacementssubstitutions,
attachmentsandaccessories.TheundersignedAssignorfurtherconfirmitswarrantiesundertheNotes
PurchaseAgreementexecutedbetweentheAssignorandtheAssignee.
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Assignor

AuthorizedRepresentative/Spouse/CoMaker

TinNo.

1.

heatmotors2

heatmotors2authsignatory

heatmotors2

Assignee

AuthorizedRepresentative/Spouse/CoMaker

TinNo.

1.

TESTEO2

TestEO2AuthorizedSignatory

TEST

Witnesses

SignatureOverPrintedName

ACKNOWLEDGEMENT
RepublicofthePhilippines)
)S.S
BEFOREME,personallyappeared:
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Name

CTCNumber

Date/PlaceIssued

heatmotors2
TestEO2AuthorizedSignatory
Known to me to be the same persons who executed the foregoing Chattel Mortgage, the Affidavit of
TruthmadeoathtothetruththereofandtotheEndorsementandAssignmentandacknowledgedthatthey
executedtheaforementioneddocumentastheirfreeandvoluntaryactanddeed(aswellasthefreeand
voluntaryactanddeedofentitiesheortheyrepresent).
WITNESSMYHANDANDSEALthis
Philippines
NotaryPublic
Doc.No.
PageNo.
BookNo.
Seriesof20

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