CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This contract of CHATTEL MORTGAGE is entered into by

and between:

ABDUL KIMAR, of legal age, Filipino, married and a

resident of Pabalan Village, Digos City, Davao del Sur,
hereinafter referred to as the First Party Mortgagor;

ELLEN ADARNA, likewise of legal age, Filipino, single

and a resident of Digos City, Davao del Sur, hereinafter
referred to as the Second Party Mortgagee;

WITNESSETH

That the first party mortgagor is an owner of a motor

vehicle more particularly described as follows to wit:

Make/Series : TOYOTA
Plate No. : MAZ-954
Motor No. : 4K-6587540
Chassis No. : EVER9435507-C
Type : JEEP
MV File No. : 1220-96570
CR No. : 9064962-4
OR No. : 6525131-4

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 on or before February 11, 2011, with
interest thereon at the rate of ten (10) % per month of ONE
THOUSAND FIVE HUNDRED PESOS, Philippine Currency;

That for, and in consideration of this indebtedness, and

to assure the performance of said obligation to pay, the
MORTGAGOR hereby convey by way of CHATTEL
MORTGAGE unto the MORTGAGEE, her heirs and assigns,
the above-described motor vehicle which is now in the
possession of the MORTGAGOR;

That the condition of this CHATTEL MORTGAGE is that

should the MORTGAGOR perform the obligation to pay the
hereinabove cited indebtedness of FIFTEEN THOUSAND
PESOS (P15,000.00) together with the CORRESPONDING
monthly interests for six (6) months, this chattel mortgage
shall at once become null and void and no effect
whatsoever, otherwise, it shall remain in full force and effect;

That upon full payment thereof, the MORTGAGEE shall

cause for the execution of Release of Chattel Mortgage;

That however, if the MORTGAGOR cannot pay the loan

and all the corresponding interests upon the due date, the
MORTGAGEE shall proceed to EXTRA-JUDICIAL
FORCLOSE the mortgage under the law on EXTRA-
JUDICIAL FORECLOSURE;

That this mortgage contract was executed in good faith

for the benefit of both parties;

In witness whereof, we have hereunto set our hands

this 6th day of January 2017 at Digos City, Davao del Sur,
Philippines.

ABDUL KIMAR ELLEN

ADARNA
Mortgagor Mortgagee
SSS ID No. 09-1498948-2
__________________________

page two/chattel mortgage/

rosales to ticong /

With my Marital Consent:

VIRGILIO ROSALES
__________________

Signed in the presence of: PEDRO ANOD PATRIA

BARUC
Witnesses

NOTARIAL ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

PROVINCE OF DAVAO DEL SUR )
CITY OF DIGOS ) S.S.
X - - - - /
Before me this 6th day of January 2017 at Digos City,
Davao del Sur, Philippines, personally appeared the parties
of this instrument with their CTC/ID/Licence Nos. as above
indicated, all known to me and to me known to be the same
persons who executed the foregoing instruments and they
acknowledged to me that the same is their free act and
voluntary deed.

This instrument consists of two (2) pages including the

page on which this acknowledgement is written has been
signed by the parties including the instrumental witnesses;

In witness whereof I have hereunto set my hand and

affixed my notarial seal on the date and place above written.

JAMES L. DECOLONGON
Notary Public
Doc No. ____ Until December 31, 2017
Page No. ____ Roll No.: 82714
Book No. ____ IBP No. 631820, January 6, 2014, Digos
City
Series of 2017 PTR No.080324 January 6, 2014 Digos
City TIN: 290-937-407 January
6, 2010 Digos City

AFFIDAVIT OF GOOD FAITH

We severally swear that the foregoing Chattel Mortgage

is made for the purpose of securing the obligation specified
therein and for no other purpose, and that the same is a just
and valid obligation and not one entered into for the purpose
of fraud.

ABDUL KIMAR ELLEN

ADARNA
Mortgagor Mortgagee

SUBSCRIBED AND SWORN to before me this6th day

of January 2017 in Digos City, Davao del Sur, Philippines.
Affiants exhibited to me their Valid Identification as above
indicated.

JAMES L. DECOLONGON
Notary Public
Doc No. ____ Until December 31, 2017
Page No. ____ Roll No.: 82714
Book No. ____ IBP No. 631820, January 6, 2014, Digos
City
Series of 2017 PTR No.080324 January 6, 2014 Digos
City TIN: 290-937-407 January
6, 2010 Digos City