CAFC Chronicles: Costly Tales of Claim Construction Fails
Legal Form Contract_B.pdf
1. FABI, Virgilio Jr.
Legal Forms - B
CHATTEL MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
I, FERNANDO M. CATOLICO, of legal age, single and a resident of #455 Zone 2,
Brgy. Triangulo, Naga City, hereinafter known as the MORTGAGOR, and VIRGILIO D.
FABI, of legal age, single and a resident of Zone 1, Brgy. Lerma, Naga City, hereinafter
known as the MORTGAGEE,
WITNESSETH:
That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of FIVE
HUNDRED THOUSAND PESOS (P500,000.00), Philippine Currency, receipt of which is
acknowledged by the MORTGAGOR upon the signing of this instrument, payable within
a period of one (1) year, with interest thereon at the rate of 2% 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.
MODEL/MAKE : 2011 Isuzu
COLOR : Black
BODY : Canter
MOTOR NO.: 123456
SERIAL/CHASSIS NO.: 789666
PLATE NO. : XYZ-123
That the condition of this obligation is that should the MORTGAGOR perform the
obligation to pay the hereinabove cited indebtedness of FIVE HUNDRED THOUSAND
PESOS (P500,000.00), 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 11th day
of May, 2023 at Naga City, Philippines.
FERNANDO M. CATOLICO VIRGILIO D. FABI
Mortgagor Mortgagee
SIGNED IN THE PRESENCE OF:
LEONORA C. DE VERA JESS M. ROBREDO
Witness Witness
2. ACKNOWLEDGEMENT
Republic of the Philippines)
Naga City) S.S
BEFORE ME, personally appeared:
Name CTC Number Date/Place Issued
Fernando M. Catolico P150045C Jan 01, 2022 / DFA Legazpi City
Virgilio D. Fabi 10000000 Jan 11, 2016 / Naga 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, on the date and place first above written.
NOTARY PUBLIC
Atty. Allan Reiz C. Macaraig
Notary Public for Naga City
Appointment No. M-23, until Dec. 2026
Roll of Atty. 87774/IBP no. 8717492
PTR no. 003333 / Dec. 30, 2020
Doc. No. 3456
Page No. 09
Book No. 234
Series of 2022.
