CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Loan made and executed in the City of Baguio,

Philippines by and between:

MELCHORA MALINES PEKAS, of legal age, married, Filipino Citizen and

with residence at 7B Outlook Drive, Pucsusan, Baguio City, Philippines,
hereinafter called as CREDITOR-MORTGAGEE;

- and-
JENNIFER SAGUBO, Filipino citizen, of legal age, single and with
residence at 35 Mines View Park, Baguio City hereinafter referred to as the
DEBTOR-MORTGAGOR;

WITNESSETH

1. That the debtor-mortgagor has obtained by way of loan from the creditor-
mortgagee, the amount of THREE HUNDRED THOUSAND PESOS (P
300,000.00) PESOS, Philippine Currency with FOUR PERCENT (4%) interest
per month;

2. That the term of this loan shall be for a period of ONE (1) YEAR from the
execution of this contract;

3. That the condition of this chattel mortgage is such that the debtor-mortgagor
as a security convey, by way of mortgage, unto creditor-mortgagee, his heirs
and assigns a vehicle including its Certificate of Public Convenience under
case no. 2015-CAR-0012, and its parking rights for Baguio Plaza - Mines
View and vice versa. Said motor vehicle is particularly described as follows:

Make: ISUZU Engine No.: 4BC2181820

Chassis No:EVER9538120C Model: 1995
Plate No: AYF 723

4. That upon payment of the loan within the stipulated period, this contract shall
be discharged and of no effect. Otherwise, it shall remain in force and effect
and shall be enforceable in the manner provided by law;

5. That failure on the part of debtor-mortgagor to pay the said obligation, the
creditor- mortgagee shall to take extra judicial action against the collateral
aforestated. This is without prejudice to the right of the creditor-mortgagee to
demand payment of the sum demandable from the debtor;

6. That this Contract of Chattel Mortgage supersedes all contracts and

agreements previously entered by the parties involving the abovementioned
chattel;

7. That the aforestated chattel including the Certificate of Registration and

Official Receipt shall be under the possession of the Debtor-Mortgagor.

IN WITNESS WHEREOF, the parties have hereunto set their hands this
rd
23 day of June, 2015 at Baguio City, Philippines.

1
 MELCHORA MALINES PEKAS JENNIFER SAGUBO
Creditor-Mortgagee Debtor-Mortgagor
Drivers License No. A01-10-001813 Drivers License No. A01-97-
064443
Valid until May 6, 2016 Valid until January 2, 2017

SIGNED IN THE PRESENCE OF:

________________________________
_______________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

IN THE CITY OF BAGUIO.)s.s.
x-------------------------------------------x`

BEFORE ME, a Notary Public, for and in the City of Baguio, this 23 rd day
of June, 2015, personally appeared the parties with their respective valid
identifications indicated below their respective names, known to me to be the
same person who executed the foregoing instrument and they acknowledged to
me that the same is their free act and voluntary deed.

This instrument refers to a Contract of Loan with Chattel Mortgage which

consists of two (2) pages including this page in which this acknowledgement is
written.

WITNESS MY HAND AND NOTARIAL SEAL.

THOMAS S. PADACO
Doc No. 229 Notary Public
Page No. 46 Until December 31, 2015
Book No. XIV PTR. No. 2009585; 01/05/15; Baguio City
Series of 2015 IBP No. 0980504; 01/05/15; Baguio-
Benguet
Roll of Attorneys No. 47149; May 6, 2002
MCLE Compliance No. IV-0006842; July
17, 2012
Mezzanine, TELOF Bldg., Post Office Loop,
Session Rd., Baguio City