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    CHATTEL MORTGAGE - Penolio

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    Michael Cleofas Asuten
    Evelyn Penolio owes Henrico Gaspar 15,000 Philippine pesos. To secure this debt, Penolio mortgages her 9mm Smith & Wesson handgun with serial number TZK8189 to Gaspar. The mortgage will become void if Penolio repays the 15,000 pesos, otherwise it remains in force. Both Penolio and Gaspar sign the chattel mortgage and affidavit swearing it was executed only to secure the specified debt.

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    CHATTEL MORTGAGE - Penolio

    Uploaded by

    Michael Cleofas Asuten
    65 views2 pages
    Evelyn Penolio owes Henrico Gaspar 15,000 Philippine pesos. To secure this debt, Penolio mortgages her 9mm Smith & Wesson handgun with serial number TZK8189 to Gaspar. The mortgage will become void if Penolio repays the 15,000 pesos, otherwise it remains in force. Both Penolio and Gaspar sign the chattel mortgage and affidavit swearing it was executed only to secure the specified debt.

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    Evelyn Penolio owes Henrico Gaspar 15,000 Philippine pesos. To secure this debt, Penolio mortgages her 9mm Smith & Wesson handgun with serial number TZK8189 to Gaspar. The mortgage will become void if Penolio repays the 15,000 pesos, otherwise it remains in force. Both Penolio and Gaspar sign the chattel mortgage and affidavit swearing it was executed only to secure the specified debt.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    65 views2 pages

    CHATTEL MORTGAGE - Penolio

    Uploaded by

    Michael Cleofas Asuten
    Evelyn Penolio owes Henrico Gaspar 15,000 Philippine pesos. To secure this debt, Penolio mortgages her 9mm Smith & Wesson handgun with serial number TZK8189 to Gaspar. The mortgage will become void if Penolio repays the 15,000 pesos, otherwise it remains in force. Both Penolio and Gaspar sign the chattel mortgage and affidavit swearing it was executed only to secure the specified debt.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CHATTEL MORTGAGE

    KNOW ALL MEN BY THESE PRESENTS:

    We, EVELYN A. PENOLIO, of legal age, married, with residence at 247 Don
    Bosco St., Brgy. Mayapa, Calamba City, Laguna hereinafter referred to as the
    MORTGAGOR, and HENRICO C. GASPAR of legal age, married, with residence at
    Brgy. San Lucas, San Pablo City, Laguna, hereinafter referred to as the MORTGAGEE,
    witnesseth that:

    The MORTGAGOR is indebted unto the MORTGAGEE in the sum of Fifteen


    Thousand Pesos (P15,000.00), Philippine Currency, receipt of which is acknowledged
    by the MORTGAGOR upon the signing of this instrument, payable when the
    MORTGAGOR is already capable to pay upon her demand from the MORTGAGEE;

    For and in 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 said MORTGAGEE, his heirs and assigns, the personalty now in
    the possession of said MORTGAGOR, more particularly described as follows;

    Make: Smith & Wesson


    Caliber: 9 millimeter
    Serial No.: TZK8189
    Model: 915

    The condition of this obligation is that should the MORTGAGOR perform the
    obligation to pay the herein above-cited indebtedness of Fifteen Thousand Pesos
    (P15,000.00), 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 8 th day
    of December 2013 at San Pablo City, Laguna, Philippines.

    EVELYN A. PENOLIO HENRICO C. GASPAR


    Mortgagor Mortgagee
    PNP ID No. 13J010105 PNP ID No. 11IO20067
    Issued: 10/1/2013 Issued: 9/2/2011

    Signed in the Presence of:

    __________________________ __________________________
    Republic of the Philippines )
    City of San Pablo ) Sc.

    BEFORE ME, a Notary Public, for and in the City of Calamba, Province of
    Laguna, this ____ day of December, 2013, personally appeared Evelyn A. Penolio and
    Henrico C. Gaspar as Mortgagor and Mortgagee, respectively, known to me and to me
    known to be the same persons who executed the foregoing instrument which they
    acknowledged before me as their free act and voluntary deed.

    ___________________________
    Notary Public
    Doc. No. ______
    Page No. ______
    Book No. ______
    Series of 2013.

    AFFIDAVIT OF GOOD FAITH

    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 specified and for no other purpose or purposes
    contrary to morals.

    EVELYN A. PENOLIO HENRICO C. GASPAR


    Mortgagor Mortgagee

    SUBSCRIBED AND SWORN to before me this ____ day of December, 2013 at


    _______________________. Affiants exhibited to me their above-described PNP
    Identification cards as competent evidence of their identity.

    ___________________________
    Notary Public
    Doc. No. ______
    Page No. ______
    Book No. ______
    Series of 2013.

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