CHATTEL MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
This This Cont Contra ract ct of Loan Loan made made and and eec eec!t !ted ed in the the Cit" Cit" of Ba#! Ba#!io io$$ Phi%i&&ines '" and 'et(een: MELCHORA MALINES PEKAS $ of %e#a% a#e$ married$ )i%i&ino Citi*en and (ith (ith reside residenc nce e at +B O!t%o O!t%oo, o, -ri. -ri.e$ e$ P!cs P!cs!sa !san$ n$ Ba#!i Ba#!io o Cit" Cit"$$ Phi%i Phi%i&& &&ine ines$ s$ hereinafter ca%%ed as CREDITOR-MORTGAGEE/
0 and0 )i%i&i &ino no citi citi*e *en$ n$ of %e#a %e#a%% a#e$ a#e$ sin# sin#%e %e and and (ith (ith JENNIFER JENNIFER SAGUBO SAGUBO $ )i%i residence at 12 Mines 3ie( Par,$ Ba#!io Cit" hereinafter referred to as the DEBTOR-MORTGAGOR/ WITNESSETH
45 That That the de'to de'tor0m r0mor ort#a t#a#o #orr has o'tain o'tained ed '" (a" (a" of %oan from the credit creditor0 or0 mort mort#a #a#e #ee$ e$ the the amo! amo!nt nt of THRE THREE E HUND HUNDRE RED D THOU THOUSA SAND ND PESO PESOS S (P 300,000.00) PESOS $ Phi%i&&ine C!rrenc" (ith )O6R PERCENT 789 interest &er month/ ;5 That That the the term term of this this %oan %oan sha% sha%%% 'e for for a &eri &eriod od of ONE (1) YEAR from the eec!tion of this contract/ 15 That That the condition condition of this chatte% chatte% mort#a#e mort#a#e is s!ch that the de'tor0 de'tor0mort mort#a# #a#or or as a sec!rit" con.e"$ '" (a" of mort#a#e$ !nto creditor0mort#a#ee$ his heirs and assi#ns a .ehic%e inc%!din# its Certificate Certificate of Public Convenience !nder case case no5 no5 2015-CAR-0012 $ and its &ar,in# ri#hts for Ba#!io P%a*a 0 Mines 3ie( and .ice .ersa5 Said motor .ehic%e is &artic!%ar%" descri'ed as fo%%o(s: Ma,e:
4;?C P%ate No: No : AY) AY) +;1
En#ine No5: 8BC;4>4>;? Mode%: 4@@2
85 That !&on !&on &a"ment &a"ment of the %oan %oan (ithin the sti&!%ated sti&!%ated &eriod$ &eriod$ this contract contract sha%% 'e dischar#ed and of no effect5 Other(ise$ it sha%% remain in force and effect and sha%% 'e enforcea'%e in the manner &ro.ided '" %a(/ 25 That That fai%!re fai%!re on the &art &art of de'tor de'tor0mo 0mort rt#a #a#or #or to &a" &a" the the said said o'%i#ati o'%i#ation on$$ the creditor0 mort#a#ee sha%% to ta,e etra !dicia% action a#ainst the co%%atera% aforestated5 This is (itho!t &re!dice to the ri#ht of the creditor0mort#a#ee to demand &a"ment of the s!m demanda'%e from the de'tor/ 5 That That this this Contr ontrac actt of Chat Chatte te%% Mort Mort#a #a#e #e s!& s!&erse ersede des s a%% a%% cont contra ract cts s and and a#reements &re.io!s%" entered '" the &arties in.o%.in# the a'o.ementioned chatte%/ +5 That That the afore aforesta state ted d chatt chatte% e% inc%! inc%!din din# # the the Certi Certific ficate ate of Re#is Re#istra tratio tion n and and Officia% Recei&t sha%% 'e !nder the &ossession of the -e'tor0Mort#a#or5
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MELCHORA MALINES PEKAS Creditor-Mortgagee -ri.erDs License No5 A?404?0??4>41 ?8881 3a%id !nti% Ma" $ ;?4
JENNIFER SAGUBO Debtor-Mortgagor -ri.erDs License No5 A?40@+0
3a%id !nti% an!ar" ;$ ;?4+
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-oc No5 ;;@ Pa#e No5 8 Boo, No5 J<3 Series of ;?42
THOMAS S. PADACO Notar" P!'%ic 6nti% -ecem'er 14$ ;?42 PTR5 No5 00!"#"/ ?4I?2I42/ Ba#!io Cit" 8;/ !%" 4+$ ;?4; Me**anine$ TELO) B%d#5$ Post Office Loo&$ Session Rd5$ Ba#!io Cit"
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