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Form No. 3--Release of Chattel Mortgage on Motor Vehicle

(Release of Chattel Mortgage on Motor Vehicle)

RELEASE OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

I, _____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines,

WITNESSETH:

That I am the Mortgagee in that Deed of Chattel Mortgage executed by _____________ on _____________ and registered as Doc. No. ______; Page No. ______; Book No. ______; Series of ______, in the Notarial Register of Notary Public _____________;

That having this date received the full amount of __________________________ (P__________), in Philippine Currency, from the Mortgagor, which is in full and complete settlement of the obligation secured by the said mortgage, I do hereby forever RELEASE, DISCHARGE, AND CANCEL the aforementioned Mortgage, covering the motor vehicle that is more particularly described as follows:

Make:___________Motor No.:_____________

Series:_________Chassis No.:__________

Type of Body:_____Plate No.:___________

CR No.:__________MVRR No.:___________

IN WITNESS WHEREOF, I have hereunto set my hand, this _____________ at _____________, Philippines.

MORTGAGES

SIGNED IN THE PRESENCE OF:

__________________ _________________

(ACKNOWLEDGMENT)

 

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