CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This CHATTEL MORTGAGE, made and entered into by and between-     

TESS BUZZ ,  of legal age, single, with postal address at Brgy. Sambag, Jaro, Iloilo City, hereinafter known as the MORTGAGOR, 

-and -

RIZAL COMMERCIAL BANKING INSTITUTION, a banking institution duly organized under the laws of the Philippines, with principal office at 302 Roosevelt Avenue, San Francisco Del Monte, Quezon City, Metro Manila, represented by its Jaro, Iloilo City Branch Manager JOSIE C. DIZON, hereinafter known as the MORTGAGEE

WITNESSETH

That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of EIGTH HUNDRED THOUSAND PESOS (PhP 800,000.00),  Philippine Currency, receipt of which is acknowledged by the MORTGAGOR upon the signing of this instrument, payable within a period of three (3) years, with interest thereon at the rate of 10 % per annum;

That for, and 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 MORTGAGEE, his heirs and assigns, the following personality now in the possession of said MORTGAGOR

MAKE                : Honda Civic MOTOR NO.                      : 5467893

SERIES               : 67 SERIAL/CHASSIS NO.     : 52479

TYPE OF BODY: Coupe PLATE NO.                        : FEW 456

YEAR MODEL   :2010 FILE NO.                            : 700034

 That the condition of this obligation is that should the MORTGAGOR perform the

obligation to pay the hereinabove cited indebtedness of EIGTH HUNDRED THOUSAND PESOS (PhP 800,000.00),  Philippine Currency, together with accrued interest thereon, 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 28th day of March 2015 at Iloilo City, Philippines. 

TESS BUZZ JOSIE C. DIZONMORTGAGOR                                     MORTGAGEE

IN THE PRESENCE OF:

JOAN BLAIRE V. SIO ROSEMINDA A. VARONA

ACKNOWLEDGEMENT

 REPUBLIC OF THE PHILIPPINES)ILOILO CITY ) S.Sx------------------------------------------------x

BEFORE ME, personally appeared:

                          Name                             TIN                          Date/Place Issued

              TESS BUZZ                    3489302                        January 5, 2009/ Iloilo City              JOSIE C. DIZON                   2390294                       May 3, 2010/ Iloilo City

Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL this 31st day of March 2015 at Iloilo City, Philippines.

ATTY. VINCENT ENRIQUE A. VARONA Notary Public for and in the City and Province of Iloilo

My Commission No. is 58 Expires on December 31, 2015

Varona Law Office, Alta Tierra Village, Jaro, Iloilo City Roll of Attorneys No. 54321

PTR NO. 654321, 01/06/14, Iloilo City IBP NO. 123456, 01/04/14, Iloilo City MCLE Comp. No. IV-0009876, 01/02/14

Doc. No. ;Page No. ;Book No. ;Series of 2015.

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 and for no other purpose or purposes contrary to law.

TESS BUZZ JOSIE C. DIZON MORTGAGOR                                   MORTGAGEE TIN 3489302, 01/05/09, Iloilo City TIN 2390294, 05/03/10, Iloilo City

SUBSCRIBED AND SWORN to before me, this 31st day of March 2015, affiants exhibiting to me their Tax Identification Card as shown above below their names as competent evidence of their identities.

ATTY. VINCENT ENRIQUE A. VARONA Notary Public for and in the City and Province of Iloilo

My Commission No. is 58 Expires on December 31, 2015

Varona Law Office, Alta Tierra Village, Jaro, Iloilo City Roll of Attorneys No. 54321

PTR NO. 654321, 01/06/14, Iloilo City IBP NO. 123456, 01/04/14, Iloilo City

MCLE Comp. No. IV-0009876, 01/02/14

Doc. No. ;Page No. ;Book No. ;Series of 2015;