This is our last attempt and FINAL WARNING in an attempt to collect your debt. As of the date of this letter, there is an outstanding balance P300,000.00 representing your non-payment of your obligation to my client XYZ Financial Services, Inc.
Multiple notifications have been made by mail and contact has been attempted by phone with no response. If payment is not received within 10 days of receipt of this letter directly to my client's office. Otherwise, with no option, you can hear us from the court.
This has reference to my letter dated (Date) demanding for the payment of the total amount of P300,000.00 representing your non-payment of your obligation to my client XYZ Financial Services, Inc.
It is legally presumed that by this time you have received the letter aforementioned; however, up to now, you did not respond positively.
Your silence would mean refusal to my client's legitimate demand; henceforth, for the last time, I am giving you the last opportunity to pay the unpaid obligation directly to my client's office. Otherwise, with no option, you can hear us from the court.
We write in behalf of our client, XYZ Financial Services, Inc., the matter of your non-payment of your obligation.
Records disclose that you have an outstanding obligation with our client in the amount of Php 300,000.00 inclusive of interest and surcharges. Despite repeated demands, you failed and continuously fail to pay the aforesaid amount.
Accordingly, FINAL DEMAND is hereby made upon you to settle the amount of Php 300,000.00 within FIFTEEN (15) days from receipt of this letter. Otherwise, we will be constrained to file the necessary legal action against you to protect the interest of our client.
We trust that you will give this matter your prompt and preferential attention to avoid the expense and inconvenience of litigation.
KNOW ALL MEN BY THESE PRESENTS:
I, (Name of Mortgagor) of legal age, single/married to _________________ with postal address at ____________________ hereinafter known as the MORTGAGOR, and ____________________________of legal age, single/married to ______________________ with postal address at _______________________________ hereinafter known as the MORTGAGEE, witnesseth:
That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of (Amount in Words)(000,000.00), Philippine Currency, receipt of which is acknowledged by the MORTGAGOR upon the signing of this instrument, payable within a period of _____ years, with interest thereon at the rate of (___) % 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 : MOTOR NO. :
SERIES : SERIAL/CHASSIS NO. :
TYPE OF BODY : PLATE NO. :
YEAR MODEL : FILE NO. :
That the condition of this obligation is that should the MORTGAGOR perform the obligation to pay the hereinabove cited indebtedness of (Amount in Words) (000,000.00) 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 ____day of ____________ 20___ at ____ Philippines.
_________________________ _________________________
MORTGAGOR MORTGAGEEIN THE PRESENCE OF:
____________________________ ___________________________
ACKNOWLEDGEMENT
Republic of the Philippines)
________________________ ) S.S
BEFORE ME, personally appeared:
Name CTC Number Date/Place Issued
(Name of Mortgagor) 0000000 March 3, __ / Lipa City
(Name of Mortgagee) 0000000 March 21, __ / Lipa 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
Doc. No.______;
Page No. _____;
Book No.______;
Series of 20___.
FOR VALUE RECEIVED, I, (Name), of legal age, single, Filipino, with residence at (Address), promise to pay without need of demand to the order of (Name), the amount of PESOS: TEN THOUSAND PESOS (Php10,000.00), on or before (Date) at his residence in (Address).
Should I fail to pay on the due date, a late penalty fee of three percent (3%) per month shall be added on each unpaid installment from due date thereof until fully paid.
Signed this 1st day of October 2021, in Quezon City, Philippines.
JUAN DELA CRUZ
Maker
