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Mr. Pilay, sought your advice regarding his piece of land located in Abra. He asked you if it is okay to secure a chattel mortgage

Mr. Pilay, sought your advice regarding his piece of land located in Abra. He asked you if it is okay to secure a chattel mortgage using his piece of land as a security, which Mr. Pilay is willing to execute a chattel mortgage and register the same to the proper government office. What will be your advice to Mr. Pilay?

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