House & Lot / Lot Only RESERVATION AGREEMENT Date of Reservation: 4 . single ( married, of legal age, Flipine, with postal address ot hereby moke a fim offer Toreserve and purchase the folowing house & jot / it of the The “Subaivsion") located al to be developed by (the "Developer": TING: Bock NS. telaea Wouse Moder Flo Aree Sabdon (the above desciibed house and lot / lot shall hereinatter be relered to as tne "Reserved Property”) {As ond by way of Reservation Fee, | am remiting herewith the sum of PESOS: (Ped in) Cash (| Check No, Bonk "Branch > Dae acknowledge that 1. The folol contract pace of the Reserved Property is PESOS: (Phe______} hereatte, the “TCP"), broken down os follows: Wanier Php Value aged Tax VAT) Contract Pee Trisceltaneous Expenses Forar Contract Pice (wer) | Php 2 The Reservation Fee & absolutely NON-REFUNDABLE: provided, however, that if | decide to purchase the Reserved Prope, the Reservation Fee shall be applied as payment of equivalent portion of ihe TCP. 3. I hove thirty (20| colendar days (hereinatter called the “Reservation Period"), reckoned from the cate of tit ‘Agreement, within which to sgnily in writing fo the Developer my intention to purchase the Reserved Property. However, my payment of any portion of the TCP and the occeptonce thereof by the Developer, despite the tebsence.o! a pric wrillen notice, shall be considered as perection of my purchase of the Resarved Froperty ‘ond this Agreement shal en be considered os Contract fo Sel, Upon deciding to purchase the Reserved Property, I shalt pay the down payment in accordance with the schedule providedin Annex "A" hereot. | ogfoe 10 sve and delver to the Developer the posidated checks covering the down payments, if so requied. 5. The monthiy amorizations on the Reserved Property shall immediately commence based on the schedule provided in Annex "A" hereot, egardless of whether or not o Contract fo Sell has been executes. 6 _Alpayments shall be made on of belore Is due date without necessly of prior notice or demond: otherwise al ‘Unpaid instalments shal be charged penalty ofthe rate of four percent (4%) per month. without prejudice to tho tight of the Developer fo concel this Agreement and/or he purchase ang sale of the Reserved Property. 7. shall urish and/or subrrit to the Develoner all he necessary and/or requived information/documents listed in ‘annex "8" hereot within thily (20) days afer dole of execution of this Agreement, and fo execute the presctbed Contract to Sel. Faiuee fo submit the requited information and documents within the soid period Shall be sufficient bass for the Developer fo cancel ths Agreement and/or the purchase ond sale of the Reserved Property.un House & Lot / Lot Only In cdatton, in he evant that any of the information or documents given is found fo be false, fasifed or spurious Toke, oF improper /itegaly secwred, oF in case of any misepresentation, the Developer shail have the ight 10 auto the ovlomatic and extajuaicia concelltion of hs Agreement cnd/or The purchase and sole of the: Reserved Property In he event I decide to avall of inshouse financing oF financing rough banks and other fhancial Insttions, | shall submit and/or complete the loan requirements of the Develope:, bank, government or other private financing institutions and fo secute the approval thereot no later thn sc (4) monihs prior to fl payment of he required minimum dawn paymen!, otherwise, the Developer shat have the right to extrauaicicly cancel this ‘Agreement andlor the purchase ond sole ot the Property. It for ony reason, my foan application is disapproved by the govemment, banking or fnancing insiution: the Developer shall have the option fo aulomaticaly shifl my account to ln-House Financing Scheme and 10 thereupon apply the prevailng Interest rate under the sold scheme. However, I! fal io meet ihe approval clea of the Deveiopes, he Developer shall have the right 1o demand full payment of the TCP and other ‘monetary obligations within thity (20) calendar days Korn receipt of written notice fom the Developer. My faiute 10 pay within the sold period shell cause the automatic cancelation of this Agreement andjor the purchase ond sale of he Reserved Properly, wihout need of court action. Th Agreement shal, for al intents ond purposes, be considered automatically ineffective ond canceled, ‘witout need of judicial declaration, upon the happening of any of he folowing: (0) II should signify to the Beveloper in any manner whalioever my deciéon no! fo proceed with the purchase of the Reserved Property: (¢ (B) IF should fail to signify my intention to purchase the Reserved Property in Me manner provided in this ‘Agreement and within the Reservation Peviod: oF (c) It should fal fo pay the requied down payment in ihe fmonner provided in Paragraph 4 hereo! despite having signified my Intention to purchase the Reserved Property: or (d) I | should fal fo fimely submit the documents required by the GRANTOR under Poragraphs 7 & 8 hereoti cr (2) I shoud withdraw or cancel my purchase of the Reserved Property or {f) Upon the hoppening -of such other causes andjor grounds provided esewnere In this Agreernent It this Agreement of the purchote of the Reserved Property Is cancelled and/or withdrawn prior 10 the ‘execution of a Contract lo Sel, the Developer shall have the folowing rights: (a To forfeit he Reservation Fee inits fovor without need of nofice fo.me: and (b) To deduct from ony and cil payments Ihave s0 far made, ‘excluding the Reservation Fee, the folowing charges/amounis: i, liquidated domages of not less then hp 20,000.00" I. Broker's fee: i. Cost of money; ond lv, Other expenses thal Ihe Developer may have Incured in connection with this Agreement and/or the purchase of Properly, without prejudice to the ight of the Developer fo collect the bolance, if any, of sold deductible chargessamounts, The rights granted fo me under this Agreement Is non-transferable and any transfer made shot be void ond shall be cause for cancelation of this Agreement and the forfeilute of the Reservation Fee and such other payments have made pursuant fo this AgIeement. However, | acknowledge ond ogee thal the Developer may ossign ifs his ond interest under his Agreement or in the Project cl anytime and without need of prior rotice. ‘Any representation and/or warranty made by the ogent who faciitated this sole shal not be binding on the Developer, uniess reduced into wring and confirmed by the President or such other officer duty outhovtved by the Developer. Any changes, modiications, alletations er revisions lo the proviions of this Agreement shal not be valid and binding unless made in writing ond signed by the oforesoid officers of the Developer, The pians and specifications of the Project ore nol yel finaty determined cnd are pending final approval by the Housing & land Use Reguiotory Board, the Bureau of Londs. the Land Regisralion Commission and other appropriate government agencies. Shoud there be a discrepancy between the Gress of the Reserved Property os stated herain and as finaly determined in the approved plans the Developer shail acust the TCP cccordingly. Any adjusiment in the TCP os determined by the Developer shall be binding ond conclusive ‘ebsent any morifest enor inthe adjustment. i I nave personally inspected the plans and specifications of the Reserved Properly and | found the samé to be sofltactory. However, | acknowledge and agiee that the Developer reserves the tight to revise the frchitecturot and foor plans without my consent. And, in the event of ony such revisions in the architectural {Gnd floor plans, | hereby bind mysell Io oy the Cortesponcing increase in the purchase price of Ihe Reserved Property, oro receive a relund of the comesponding decrease in the purchase price thereof. Inthe event that the Reserved Property is ound to be unavallable forsale for any reason whalsoever. the some may be substtvied wilh other available house & fot / lot in the Project of equal valve andor rea, of at the ‘option of the Developer, this Agreement o: he purchase ond sole of the Reserved Properly shal be cancelled subject to the refund of all poyments | hove made putsvant to this Agreement without interest. | further ‘ecknowedge that, 0800 fram the obligation fo relund the payments | have mode, the Developer shall have no other further obfgation or Fabily to me. In case extraordinary inflation is declared by the Bangko Sentral ag Piipinas during the effectivity of this ‘Agfeement, tne value of the currency ot the fime of the execution of this Agreement shall be the bosis of ‘payment ofthe TCP. in such event, any unpaid balance of the TCP shal be adjusted monthly using o: Bos Ihe Fnflalion rate ond the value of he Currency atthe lime of execution ofthis Contract. In case extraordinary depreciation or devaluation of the cumency should supervene during the effectivity of his ‘Agreement, the valve of the currency ct the fine of the execution ofthis Agreement shal Ikewire be the basis fof payinent of he TCP. For purposes ofthis Agreement, “extfoorcinary depreciation or devaiuation” sholl mean {ne diminution to the extant of twenty five (25%) in the exchange rate of the Philippine currency vié-vs the US ‘Dolar prevaiing at Ihe close of trading hous on the date of this Agreement as reflected in the records of heHouse & Lot / Lot Only Bangko Sentral ng Piipines, in such event, any unpaid balance of the TCP shail be aclusted monthly using os bass the value of the currency and exchange rate atthe fime of execution of this Agreement. In case extoordinary Increase n the pices of constuction materials or equipment andor in the cost of labor should superene dering the ellectivily of this Agreement, the Developer shall make coresponding {agjusiments inthe unpaid bolance of he TCP. For purposes ofthis Agreement, “extraordinary increase” shot! mean o bventy percent (20%) Increase In the prices of constuction malerials end/or costs of labor prevailing ‘onthe dale of Hs Agreement. [Any provigon to the contrary notwithstanding prior to execution of the Contract to Sel, the Developer has the ‘ight fo concet and rescind this Agreement for ony reason whalscever by alving written notice of its intention to ‘do 30, subject only 10.0 1 felund of all payments have made by virlue hereo! without interest ‘Only payments made fo and accepted by the Developer and covered by duly validated olficial receipts shat bbe val, Payments given fo the brokers ondi/or soles agents for transmittal or safekeeping shol be recognized ‘only upon receipt by the Developer and upon isuance of the corresponding official recelpt. Al checks should be Crossed and made oul to Developer's account only {All verbal and waitten communications /notices sent to me by the developer, elther through personal detvery or regiered malt at my address indicated obove, unless o change thereof has been communicated in writing 10 the Developer, or of the adctess of my Attomey.n-Fact, shall be binding on me, regardiess of whether or not | have actualy received said notices. This Agreement slates the entire terms and concitions for the reservation andi the purchase and sole of the Reserved Properly, any representation, promises, of or otherwise, nol contained herein shat! not bind the Deveioper. ‘Tis Reservation not valid and binding uniess aporoved by the Developer. and shall be subject ful payment (of the Reservation Fee and submission ofall required document | have read ond fuly undessiood this Reservation and hereby agiee 10 faithtuly comply with the proviéons {hereet, Prior fo the execution of the Contract fo Sell. my relationship with the Developer shail be governed by the provisions ofthis Agreement, ‘his Agreement may be executed In two oF more counterparts, each of which, when propery signed and executed by Ihe patties, shal be considered orighals thereot. aver DEVELOPER By:House & Lot / Lot Only ACKNOWLEDGMENT Repubic of the Phiippines) Pero eeaeeaeeEEee PSS BEFORE ME, @ Notary Pubic for and in the above juricicion personally appeared this in the folowing Nome Valid 1D No. Date/Place issued known to me and by me knawn 10 be the same persons who executed the foregoing instrument and who ‘acknowedged to me that the same is the free ond voluntary act and deed, as well as the free and voluntary act and deed of he principass represented therein. ‘his strument isa Reservation Agreement of a house & lot / lot and consists of sx (6) poges including the page where the acknowledgment is writen and Annexes “A” & "B". and signed by the parties on the signaiure page and on each cand every otner page hereo!, WITNESS MY HAND AND NOTARIAL SEAL on the date and in the place above waitfen NOTARY PUBLIC oc. No. i Page No. Sefes ofANNEX “B” Buyer's Nore Project Nome Phase :/ Buicing No, {REQUIRED DOCUMENTS FOR SUBMISSION ‘A. Major Requirements For Locally Employed Photocopy of Latest income Tox ReturniTR) Ii fies separately, Spouse IR aso. Ciginal Certiicate of Employment ‘and Compensation Paysips forthe lost 1ee (3} months {appicont and spouse) Bank Stotements forthe las! three (3) months Vouchers fr the last six (6) months (commissions) For Set-tmployed Phetocopy ot susiness Registration {DT/SEC} ‘Mayor's Permit TTR for the ast two (2} yeors (Ofiginal Aucited Finoncial Statements forthe last two (2) yeors Fronchise/OR/CR (tor lax/jeepney/ous operaton) PTR for practicing professions Bark Statements fore last sk {4} months Picture of business estabisnment Ust of Cents ond Supplers wih contact Nos. Company prof (tappicabte) Loosing Contract (tappiicable) secretary's Certficate/ Board Resolution (for Corporation} -Asticies of Incorporation {for Corporation) {Standard Requirements. Photocopy of Montage Cerificate/tith Cerificate ‘wo (2) pes 22 pictures fopptcant/spouse/co-borower} Community Tox Certificate (oppicant/spouse/co-borower) Proot of ing Address Postdated checks (or equity and amertzation) ‘wo 2] Vali identifeation Cards (Company & Goverment} Taxidentiicaion Number House sketch buyer Block No. /Flooc No. : Lot No, Unit No, For Overseas Flipine Workers tiginal Cerificate of Employment & Compensation (Consuiorzed) —— Photocopy of Contract of Employment (valid 6 mos. attor reservation) Photocopy of passport (w/entries) Pholocopy of Seaman's Book Proot of remitiances for he last six(6) months Porat for the lost tree (3} months. Bank Stotements forthe fast sk (6) months spacial Power of attorney (w/ Consvar seat notarized abroad) —— _ MIR Latest two (21 yeors (resident oboara) for Pensioner / With Financier —— Proof of pension ——_Sulticient Proof of income —— Bonk Statements for the las sik (6) months ——_Aiticavit ot support .ther Document (applicable) —— Aiigavit of Weiver Affidavit of Former Citzenship —— Application forms; Bank forms: Insurance forms (Cour! Order for Fray (if sepaxated/onnulied mariage) Death Centifeate ‘Court Clearance: Clearance of Cancelled Creat Cord Aidowit of Discrepancy