CONTRACT OF PLEDGE
BE IT KNOWN, for value received, Christian Kenneth Aspiras of San Josef Norte, Cabanatuan
City, herein after referred to as PLEDGEE deposits, delivers to and pledges with Juan Dela Cruz of
Mayapyap Sur, Cabanatuan City, hereinafter referred to as PLEDGOR, as collateral security to
secure the payment of the contract of loan entered into in the amount of Five Hundred Thousand
Pesos. (P500 000)
The collateral consisting of the following personal property
Toyota Vios 1.3 CVT with plate number of YU 1331.
It is further agreed that:
1. The Pledgor warrants that it has good title to the pledged collateral, full authority to pledge
the same and that said collateral is free of any adverse lien, encumberance or adverse claim.
2. Pledgee shall have no liability for loss, destruction or casualty to the collateral unless caused
by its own negligence, or the negligence of any assignee.
3. The Pledgor shall pay any and all insurance it elects to maintain, or the Pledgee, reasonably
requires on the pledged collateral and shall pay any personal, excise or other tax or levy.
4. Pledgee may assign or transfer said debt and the pledged collateral hereunder any third
party.
5. Upon default of payment of the debt or breach of this pledge agreement, the Pledgee or
holder shall have full rights to foreclose on the pledged collateral and exercise its rights as a
secured party pursuant to article 4 of the uniform commercial code; said rights being
cumulative with any other rights the Pledgee or holder may have against the Pledgor.
The Pledgor understands that upon foreclosure the pledged property may be sold at public auction
or private sale. The Pledgor shall be provided reasonable notice of any said intended sale and the
Pledgor shall have full rights to redeem said collateral at any time prior to said sale upon payment of
the balance due hereunder together with accrued fees and expenses of collection. In the event the
collateral shall be sold for less than the amount then owing, the Pledgor shall be liable for any
deficiency.
Upon payment of the obligation for which the property is pledged, the property shall be returned to
the Pledgor and this pledge agreement shall be terminated. This pledge agreement shall be binding
upon and inure to the benefitt of the parties, their successors, assigns and personal representatives.
Upon default the Pledgor shall pay all reasonable attorney’s fees and cost of collection..
Signed this day of 24, February 2019 at Cabanatuan City.
Christian Kenneth Aspiras
Pledgor
Anthony Fregillana
Pledgor
CONTRACT OF PLEDGE
BE IT KNOWN, for value prescribed, for undersigned Anthony Fregillana of
Magsaysay Sur, Cabanatuan City, hereby deposits, deliver and pledge with
Christian Kenneth Aspiras, of San Josef Norte, Cabanatuan City, as collateral
security to secure the payment of six hundred thousand pesos (Php600 000)
debt owing to the pledgee.
The collateral consisting the following property.
Honda City 1.5 VX NAVI CVT with plate number of ELA 500.
1.Pledgee may assign or transfer said debt and the pledged collateral
hereunder to any third party.
2. Pledgee shall have no liability for loss, destruction or casualty to the collateral
unless caused by its own negligence, or the negligence of any assignee.
3. The Pledgor shall pay any and all insurance it elects to maintain, or the
Pledgee reasonably requires on the pledged collateral and shall pay any
personal property, excise or other tax or levy.
4. The Pledgor warrants that it has good title to the pledged collateral, full
authority to pledge same and that said collateral is free of any adverse lien,
encumbrance or adverse claim.
5. Upon default of payment of the debt or breach of this pledge agreement,
the Pledgee or holder shall have full rights to foreclose on the pledged collateral
and exercise its rights as a secured party pursuant to Article 9 of the Uniform
Commercial Code; said rights being cumulative with any other rights the
Pledgee or holder may have against the Pledgor.
The Pledgor understands that upon foreclosure the pledged property may be
sold at public auction or private sale. The Pledgor shall be provided reasonable
notice of any said intended sale and the Pledgor shall have full rights to redeem
said collateral at any time prior tosaid sale upon payment of the balance due
hereunder together with accrued fees and expenses of collection. In the event
the collateral shall be sold for less than the amount then owing, the Pledgor shall
be liable for any deficiency. Upon payment of the obligation for which the
property is pledged, the property shall be returned to the Pledgor and this
pledge agreement shall be terminated.
This pledge agreement shall be binding upon and inure to the benefit of the
parties, their successors, assigns and personal representatives. Upon default the
Pledgor shall pay all reasonable attorneys’ fees and cost of collection.
Signed
this
day
of
15th
Anthony Fregillana (Pledgor)
of
January
2020
at
Cabanatuan
City.
Christian Kenneth Aspiras (pledgee)
GENERAL POWER OF ATTORNEY
KNOW ALL MEN THESE PRESENTS:
I, Christian Kenneth Aspiras, of legal age, singleFilipino, a resident of (Address), do hereby name,
constitute, and appoint Anthony Fregillana, to be my true and lawful attorney, for me and in my
name, place, and stead, to do and perform the following acts and things to wit:
To ask, demand, collect any and all sums of money, sue to recover debts, dues, accounts, dividends,
legacies, bequests, interests , and other things of value of whatever nature or kind as may now be or
may hereafter become due owing, payable or belonging to me, and to have, sue, and to take any all
lawful ways and means for the recovery thereof by suit, attachment, compromise or otherwise;
To make, sign, execute, and deliver contracts, agreements, documents and other writings of
whatever nature or kind, with any and all third persons, entities or concerns, upon terms and
conditions acceptable to my said attorney;
To delegate in whole or in part any all of the powers herein granted or conferred, by means of an
instrument in writing, favor of any third persons whom my said attorney may select;
HEREBY GIVING AND GRANTING unto my said attorney full power and authority whatsoever
requisite or necessary or proper to be done in and about the premises as fully to all intents and
purposes as I might and could lawfully do if personally present, with power of substitution and
revocation, and hereby, ratifying and confirming all that my said attorney or his substitute shall
lawfully do or cause to be done under and by virtue of these presents.
IN WITNESS WHEREOF, We have hereunto affixed our signatures this 14th day of February ,
2020 in Cabanatuan City, Philippines.
Christian Kenneth Aspiras
(Principal)
Anthony Fregillana
(Agent /Attorney-In-Fact)
Signed in the presence of
Rosemarie Austria
Mylene Navarro
ACKNOWLEDGEMENT
Republic of the Philippines
BEFORE ME, personally appeared:
Name
Christian Kenneth Aspiras
Anthony Fregillana
CTC Number
Date/Place Issued
10000000
February 05 2020 / Cabanatuan City
10000000
January 28, 2020/ Cabanatuan 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. 4;
Page No. 23:
Book No. 45;
Series of 2020