Create a document that outlines the agreement, including the type and amount of loan, the assets included in the mortgaged, and the terms of the agreement. The document is a chattel mortgage agreement between a mortgagor and mortgagee.Edit, sign, and share chattel mortgage form online. No need to install software, just go to DocHub, and sign up instantly and for free. A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan. That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of (Amount in. Montgomery County Probate Court. Courthouse Annex III, 101 S Lawrence St. Montgomery, AL 36101P. This document is a release of a chattel mortgage on a motor vehicle. It states that the mortgagee has received full payment of the amount owed.