DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This CHATTEL MORTAGE made and executed by Sheila Mae R. Calicdan with
postal address at Prk – 3B Pob. New Bataan, Compostela Valley Province hereinafter
known as the MORTGAGOR, in favour of John Carlo H. Rosello a legal age, Filipino
Citizen, single with postal address at Prk – 3A Pob. Compostela, Compostela Valley
Province hereinafter known as the MORTGAGEE,

WITNESSETH:

That the MORTGAGOR does hereby conveys by way of CHATTEL MORTGAGE unto
the MORTGAGEE the following described personal property in the possession of the said
MORTGAGER, to wit:

MAKE : Toyota MOTOR NO. : 098766

SERIES: Land Cruiser SERIAL/CHASSIS NO. : 123456
TYPE OF BODY : STEEL PLATE NO. : XYZ 012
YEAR MODEL : 2007 FILE NO. : 12345

That this CHATTEL MORTGAGE is given as security for payment to the MORTGAGEE
of the amount due on the promissory note for the sum of TWO HUNDRED THOUSAND
PESOS (₱ 200,00.00) Philippine Currency, receipt of which acknowledged by the
MORTGAGOR, upon the signing of this instrument, payable within the period of ONE (1)
year with interest thereon plus interest thereon at TWENTY THOUSAND PESOS
(₱20,000.00) per month. In case of non – payment, the MORTGAGOR undertakes to
voluntary surrender the unit which is the subject of the Promissory Note and Chattel
Mortgage. Failure and/or refusal on the part of the mortgagor to surrender the unit shall
constitute ESTAFA and/or violation of Article 319 of the Revised Penal Code and other
penal and administrative statutes which are crimes punishable by law.
 That the condition of this obligation is that the MORTGAGOR should perform the
obligation to pay the hereinabove sited indebtedness of TWO HUNDRED THOUSAND
PESOS ( ₱200,000.00) Philippine Currency together with the accrued interest thereon,
this chattel mortgage shall once become null and void and of no effect whatsoever,
otherwise, it shall remain full force and effect.

IN WITNESS WHEREOF, the parties have hereunto set their hands this 4th day of
December 2018 in Davao City, Philippines.

Sheila Mae R. Calicdan John Carlo H. Rosello

Mortgagor Mortgagee

Signed in the presence of:

Rico Augustine R. Ambrad Harem Ford N. Rosello

Witness Witness
REPUBLIC OF THE PHILIPPINES)
DAVAO CITY………......………………..) S.S.

ACKNOWLEDGEMENT

BEFORE ME, a NOTARY PUBLIC for and in the above jurisdiction, this 4th day of
December 2018, personally appeared the following persons:

NAME IDENTIFICATION DATE AND PLACEOF ISSUANCE

Sheila Mae R. Calicdan SSS ID NO. 0987654321 May 1, 2018, Quezon City
John Carlo H. Rosello SSS ID No. 1234567890 May 2, 2018, Quezon City

Known to me to be the same persons who executed the foregoing instrument and
they acknowledged to me that the same is their own free and voluntary act and deed.
This instrument refers to a DEED OF CHATTEL MORTGAGE and consists of 4 pages
including the page on which this acknowledgment is written and signed by the parties and
their instrumental witnesses on each and every page thereof.

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

Atty. Armando C. Cabayao

Notary Public
Cabayao Law Office, Matina
Davao City, Philippines
Appointment No. 123 until December 5, 2018
Roll No. 12345
IBP Lifetime Roll No. 123456; Davao City
PTR No. 123456; 01/10/18— Davao City
MCLE No. I 001234; 9/08/18
MCLE No. III 005678; 10/09/18
Serial No. of Commission M-11

Doc No. 14 ;
Page No. 36;
Book No. V;
Series of 2018.
 AFFIDAVIT OF GOOD FAITH

Moreover:

We, the undersigned MORTGAGOR AND MORTGAGEE hereby jointly and severally swear
that we executed the foregoing Chattel Mortgage in order to secure the indebtedness therein
and for no other purpose or purposes contrary to the law.

Sheila Mae R. Calicdan John Carlo H. Rosello

Mortgagor Mortgagee