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)

Form No. 1--Chattel Mortgage Without Separate Promissory Note

(Chattel Mortgage Without Separate Promissory Note)

CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Chattel Mortgage, made by and between:

_____________, of legal age, (single / married / widow), and a resident of _____________, Philippines (hereinafter known as the MORTGAGOR);

- and -

_____________, of legal age, (single / married / widow), and a resident of _____________, Philippines (hereinafter known as the MORTGAGEE);

WITNESSETH; That:

The MORTGAGOR is indebted unto the MORT-GAGEE in the sum of _____________ (P__________), Philippine Currency, receipt of which is acknowledged by the MORTGAGOR upon the signing of this instrument, payable to the order of the MORGAGEE without need of prior demand or notice within a period of _____________ (years/months/weeks/days), at _____________ (P__________) (monthly/weekly/daily) starting on _____________ and on every _____________ thereafter until fully paid, with interest thereon at the rate of _____________ (______%) percent per (month/annum).

NOW, THEREFORE, for and consideration of the afore-mentioned indebtedness, and to assure the performance of said obligation to pay, the MORTGAGOR hereby conveys by way of CHATTEL MORTGAGE unto the MORTGAGEE, (his/her) heirs, successors and as signs, the following personal property now in the possession of said MORTGAGOR:

Form No. 2--Petition for Extra Judicial Foreclosure of Chattel Mortgage under Act 1508

(Petition for Extra Judicial Foreclosure of Chattel Mortgage under Act 1508)

The City/Provincial Sheriff
City/Province of _____________, Philippines

S I R:

G R E E T I N G S :

Mortgagee _____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines, most respectfully alleges:

1. That on _____________, __Name of Mortgagor-Debtor__, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines, executed a Chattel Mortgage in my favor, mortgaging the property described in the Chattel Mortgage Contract hereto attached as Annex "A" and forming an integral part hereof, to secure the payment of loan in the amount which is shown in the promissory note executed by said Mortgagor-Debtor dated _____________, a copy of which is hereto attached as Annex "B"

2. That to the best of my knowledge, the mortgaged property is subject to no prior mortgage or any lien whatsoever and is now in the possession and full control of the above-named Mortgagor-Debtor;

3. That the Mortgagor-Debtor defaulted in his obligation under the aforementioned Chattel Mortgage Contract and Promissory Note;

4.That under the terms and conditions of the Chattel Mortgage Contract, the Mortgagee is entitled to foreclose extra-judicially the mortgaged property, which is more particularly described as follows, to wit:

Form No. 5--Extension of Lease

(Extension of Lease)

AGREEMENT

(Extension of Lease)

This AGREEMENT is entered into by and between:

_____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines, (hereinafter referred to as the "LESSOR");

- and -

_____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, Philippines, (hereinafter referred to as the "LESSEE");

WITNESSETH:

WHEREAS, LESSOR and LESSEE were parties and signatories to a Contract of Lease executed on _____________ whereby the __Leased Property__ belonging to the LESSOR was leased by the LESSEE for _____________ (_____) years, up to and including _____________.

WHEREAS, LESSOR and LESSEE have mutually agreed to extend the term of the said lease contract for _____________ (_______) year(s), from _____________ to _____________.

NOW, THEREFORE, by mutual agreement, both parties have agreed to extend the term of the said Contact of Lease for another _____________ (_______) year(s), from _____________ to _____________, under the same applicable terms, consideration, and conditions of the original Contract of Lease, a copy of which is hereto attached and made an integral part of this Agreement.