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DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:


This DEED OF CHATTEL MORTAGE, made and executed by and
between:
VANESSA MILANES MUZONES, single, of legal age, Filipino Citizen,
with residence and postal address at #13 East Bayan Park, Aurora Hill,
Baguio City, Philippines, hereinafter referred to as the MORTGAGOR;
-and
FRANCIS ALLEN T. PALIGAN, JR., of legal age, Filipino citizen, with
residence and postal address at URDHI Compound, Baguio City, Philippines,
hereinafter referred to as the MORTGAGEE;
W I T N E S S E T H:
That the MORTGAGOR is the owner a motor vehicle, which is
particularly described hereunder, to wit:
Make & Series: KIA BESTA
Engine No.:
VN - 130629
Chassis No.:
JNHTP7362V6215459
Plate No.:
MV File No.:

UJW 868
1308 0000048772A

Type of Body:

VAN

That for and inconsideration of a LOAN obtained by the MORTGAGOR


from the MORTGAGEE in the sum of FIVE HUNDRED THOUSAND PESOS
(Php500,000.00), Philippine Currency, with an interest of TEN PERCENT
(10%) MONTHLY, and to secure the payment of the same, the
MORTGAGOR hereby freely and voluntarily CEDE, TRANSFER, AND
CONVEY by way of mortgage unto the MORTGAGEE, his successors and
assigns, that motor vehicle above described;
The MORTGAGOR hereby warrants that the above-described motor
vehicle is free from any claim whatsoever, except that which appears in the
Certificate of Registration, if any.
The MORTGAGEE with notice to the MORTGAGOR, reserves the right
to sell, cede, transfer, assign or convey to any person or entity its right and
interest in and to this chattel mortgage so long as the same is subsisting.
For the purpose of extra-judicial foreclosure, the MORTGAGOR hereby
constitute and appoint the MORTGAGEE or his successors to sell the
property mortgaged, to sign all documents, receive, receipt for and accept all
monies or checks, and to perform any act requisite and necessary to
accomplish said purpose.

This Chattel Mortgage shall be for a period of SIX (6) MONTHS to be


reckoned from the date of its execution and shall be renewable upon the
mutual consent of both parties.
IN WITNESS WHEREOF, the parties have hereunto affixed their
signatures this 2nd day of March 2011 in the City of Baguio, Philippines.
VANESSA MILANES MUZONES
PALIGAN, JR.
Mortgagor
CTC No. 09031984
Issued on 01/17/2011
Issued at Baguio City

FRANCIS ALLEN T.
Mortgagee
CTC No. 12345678
Issued on 01/08/2011
Issued at Baguio City

SIGNED IN THE PRESENCE OF:


GLOVER RAIS B. SUMAIL

PAULFRED

TOMBALI
AFFIDAVIT OF GOOD FAITH
We, VANESSA MILANES MUZONES, Mortgagor, and FRANCIS ALLEN
T. PALIGAN, JR., Mortgagee, under oath, do hereby swear that the foregoing
mortgage is made for purposes of security of the obligation specified in the
promissory note thereof and for no other and that the same is just and valid
obligation and not one entered into for purposes of fraud.
VANESSA MILANES MUZONES
PALIGAN, JR.
Mortgagor

FRANCIS ALLEN T.
Mortgagee

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES}
DONE: IN THE CITY OF BAGUIO } S.S.
X ======================= X
BEFORE ME, a Notary Public in and for the City of Baguio, this 2 nd day
of March 2011, personally appeared VANESSA MILANES MUZONES and
FRANCIS ALLEN T. PALIGAN, JR., personally known to me to be the same
persons who voluntary executed the foregoing Deed of Chattel Mortgage
which they acknowledged before me as their free and voluntary acts and
deeds.
This instrument consisting of TWO (2) pages, including the page on
which this acknowledgment is written has been signed on the left margin of
each and every page thereof by the parties and their witnesses.
WITNESS MY HAND AND SEAL.
LIYA ORTEGARODRIGUEZ
Notary Public

Until December 31,


2012
Doc. No. __28_;
11-11
Page No. _ 6__;
8121983
Book No.
I ;
9031984
Series of 2011.
Baguio-Benguet

PTR No. 050183/Baguio City/01Roll of Atty. No.


IBP Lifetime Membership No.