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CHATTEL MORTGAGE
- and -
WITNESSETH; That:
That it is the condition of this Mortgage that should the MORTGAGOR perform the
obligation to pay the afore-cited indebtedness of _____________ together with
accrued interest thereon, within the agreed term, this Chattel Mortgage shall be
discharged and shall at once become null and void and of no effect whatsoever,
otherwise, it shall subsist and remain in full force and effect and be subject to
foreclosure in the manner and form prescribed by law.
IN WITNESS WHEREOF, we have have hereunto set their hands, this _____________ at
_____________, Philippines.
MORTGAGOR MORTGAGEE
Mortgagor's Spouse
_________________ _________________
(ACKNOWLEDGMENT)
MORTGAGOR MORTGAGEE
(JURAT)