CHATTEL

MORTGAGE
WHAT IS CHATTEL MORTGAGE?

 ARTICLE 2140: By a chattel mortgage,

personal property is recorded in the
Chattel Mortgage Register as a security
for the performance of an obligation. If
the movable, instead of being recorded,
is delivered to the creditor or a third
person, the contract is a pledge and not a
chattel mortgage.
 Mortgagor: Michael Angelo S. Pallasigue
 Mortgagee: BDO Unibank, Inc.
 Total Obligation: Php.560,000.00
 Loan Term: 24 months
 Monthly Amortization: Php. 26,820.00
 Year Model: 2009 Hyundai
 Series: Grand Starex Go
 Color: Dark Gray
 AMENDMENTS:

ORIGINAL AMENDMENT
2). Adjustment of Interest Rate 2). Adjustment of Interest Rate
 ORIGINAL AMENDMENT
11). Events of Default and Foreclosure 11). Events of Default and Foreclosure
 ORIGINAL AMENDMENT

8). Payment by Payee/ Mortgagee of 8). Payment by Payee/ Mortgagee of

Premium, Taxes and Repairs Premium, Taxes and Repairs
 ORIGINAL AMENDMENT
16).Collateral Deterioration 16).Collateral Deterioration
 ORIGINAL AMENDMENT

23). Waiver of Notice and Demand of 23). Waiver of Notice and Demand of
Any Kind Any Kind
 ORIGINAL AMENDMENT

29). Set off 29). Set off

THANK YOU!
ABENAZA, ROMEO
ALMOJANO, ARLYN
ARGABIOSO, MICHAEL
AYALA, FITZ LEXINE
AZURIN, GLENELYN