SOP Exhibits

Title:

Exhibit 8 - SVLF - Cancellation of Chattel Mortgage

SOP Number : HR-PB29

EXHIBIT 8

CANCELLATION OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

WHEREAS, _____________________________________________ of the Nationa Food Authority (NFA), by virtue of the contract dated ____________________, has availed of a loan under the NFA VEHICLE LOAN FUND (SVLF) under each terms and conditions as stated therein which was executed before the faith of Notary Public _____________________ of ____________________ and entered in his/her Notarial Register as Document No. ______; Page No. ________; Book No.________; Series of __________.

WHEREAS, by virtue of the said loan, he/she has also on the same date, ______________, executed a Chattel Mortgage in favor of the NFA on a motor vehicle particularly described as follows:

MAKE :
TYPE :
MODEL :
MOTOR NO. :
SERIAL OR
CHASSIS NO. :

The aforesaid Chattel Mortgage is entered Document No. ____________; Page No. ________; Book No._____; Series of _________; also in the Office of the Register of Deeds of ___________________; on ______________ under Entry No. ___________; Page No. _____________; Volume _____________ of the Day Book and inscription No. ___________ of the Chattel Mortgage Register.

WHEREAS, _________________________________ has as of ____________ fully paid and liquidated the amount of the loan for which the Chattel Mortgage Register was constituted;

NOW, THEREFORE, for and in consideration of the foregoing premises and having received the full consideration named as the condition of the said Mortgage, does hereby forever RELEASE and DISCHARGE the same.

IN WITNESS WHEREOF, the said National Food Authority has caused these presents to be signed at Quezon City, Philippines, on this _____ day of ___________, 19____.


NATIONAL FOOD AUTHORITY (NFA)
(MORTGAGEE)

BY: _______________________
DEPUTY ADMINISTRATOR

SIGNED IN THE PRESENCE OF:


____________________________ ____________________________