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EXHIBIT_LL

(Sample of Bank’s Commitment Letter)

(BANK’S CORPORATE LETTERHEAD)


____________, 200__

_____(Name of Owner-Seller)_______
__________(Address)_____________

Dear Mr./Ms. ______________,

We are pleased to inform you that we have approved a mortgage loan in favor of
____(Name of Buyer-Mortgagor)____ under the following terms and conditions:

Loan Amount : PESOS: _____________________________________(PhP___________)

Purpose : To partly finance the purchase of a ____(describe property to


be purchased)____
located at ______(complete address/location of property)_________.

Security : Registered First Mortgage on _______(description of property, complete


address and location of property)______.

Documentation
Requirements : a) Duly-notarized Deed of Absolute Sale in favor of the buyer-
mortgagor;
b)Transfer/Condominium Certificate of Title covering the aforementioned
property in the name of the buyer-mortgagor, free from liens and
encumbrances and the loan of PhP___________ duly annotated
in the title in favor of _____(Name of Bank/Lender)_____;
c) Tax Declaration(s) under the buyer’s name;
d) Latest real estate tax payment receipts;
e) Tax Clearance Certificate for the year 200__;
f) Certification that the amount which the ___(bank)___ will pay
you constitute full payment of the purchase price of the
property.

Other Conditions: The difference between the purchase price and the loan
proceeds will be for the account of ____(Buyer’s name)_____.

In this connection, we hereby guarantee and commit to pay you the above stated
amount less processing fees and expenses, if any, within three (3) business days
upon full presentation of the required documents stated above.

If the foregoing conditions are acceptable to you, please indicate your acceptance
and conformity by signing on the space provided for below and return one copy to us.
Should you have any clarification on the matter, please do not hesitate to call us and
coordinate with our Mr./Ms. ______________ through telephone nos. ________________.
Thank you.

Very truly yours,

______(Name & Position of Bank Officer)______

C O N F O R M E:

SOURCE: REALTOR® Phil M. Coquia


______(Name of Borrower-Buyer)______ ______(Name of Owner-Seller)______

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SOURCE: REALTOR® Phil M. Coquia