cm.08 LEASE/PURCHASE AGREEMENT {is AGREEMENT, made the ay 0, a Pipes. ty and tetcen, Taree red aw he LESSOR ano Taree red ewe LESSEE WaTNESSETH THAT In consideration ofthe fame ad consion herent sa fr ho LESSOR ana LESSEE 29662 HoH: SECTION 5, LEASED PROPERTY 21, Pe LESSOR wey anette oe LESSEE are LESSEE my ages LEASE fom he LESSOR ih PROPERTY consing ot i ) ‘Square mers Gasca a the Gack Tevet ex per eo ached jan The LESSEE ereby aciwolsdaes tat hatha Fas Wenig and wapetiea the propery alloted to hinther snd accepte the samo. The fetm property include al improvement which may be wioduced thereon. SECTION 2. TERI 21. The er of ths Leate wih cespet tothe PROPERTY shal commence onthe Delvory and Acceptance Dale and shal coma fo the peti ot ets. 22. Siljea He LESSOR’ 09h of ennaton unser Secton 4 ane ctarapplableprovsons hereunder ant he LESSER exercise of nsx eg of opto purchase under Section fore arg udestoad tal Ie payer cf he aggregate rel the seria FS Leases he very sesenc ard spcil consideration fis Aare SECTION, RENTAL 34. The LESSEE shal pay he LESSOR, ts asignor or suecesctininiees wihoul need of nace cr demand, rental the use end cozupaton of the propery. in the amocet of PESOS {Pe jer merit conmanes on The and oveny moh ‘ereatar {ihe ae {at of ne suzeeahg moni) un the termination othe lea a he Guero of ie LESSEE'S option wo purchase asset fet andr Secon 11 hictaver comes fet Te LESSOR ts aso” 0” Suceeesoct meres! resarves he ight fa adjust the renal du Fom te LESSEE end the LESSEE shale Hobie te pay be some ‘32 The obijaton ofthe LESSEE to pay the eras and cher amounts due hareundr is absote and uncondonal and shat nat be sabe! to any alemertataaoever oro any defense set of, exartrlam o e-cupmert whatsoever, wheter by reason of any damaga to Toes or esracton of fhe ORCOERIY or ty "easen of ary rlerupton fr weatsoeee causa ter tan Wem ine wergh acto he LESSOR) Inte woe operon or pessaccon ofthe PROPERTY or any oe feson ‘33. In the evert of deft bythe LESSEE in the payment of rartale or any aout dup neveundr, the LESSEE cra ay a pay 00 wanna or oter amauta ne arcu of 119 of 1 pet dy fe delay. ‘SECTION 4. USE OF PROPERTY ‘ne LESSEE, dung the tm of this Lease, shal have the possession of and the sigh to uso, maintain and operate be PROPERTY excused Tor esdenal purposes ana i acooance sh the les and consis af Ps Agree and instil conform wy alle les, Cranes ard vagulaions apc hare’ and shal et peri he PROPERTY to ba used For una purpases efor purses nel ormied horeundr. “te LESSEE uses of alate the PROPERTY fo be used ‘cr Mya puposes o fo: purposes Mol perme, be LESSEE shat reimburse the LESSOR for ary anal danages ables, lstos. oss, oF expanses which the LESSOR rmay stam by reason of @ 2 ell ‘of such masse, weiing to payment of any Hrd 9 fee when may be Imgoted on the LESSOR. in alan tar nave He HB 0 Faimbutemery, he LESSOR may n suc ovo caret L208 SECTION 5. SK OF LOSS OR DAMAGES 51. ls he empleo his Lease that wile the Tite or gunersip ofthe PROPERTY is read ty the LESSOR. the risk of ees damage of the PROPERTY Ib hereby bansfeed eid essuned ty the LESSEE and mo such is or damage shall pir the LESSEE ‘blgatene under te Agroemar SECTION, LESSOR’s INSPECTION 94 The LESSOR shat, a any 2 ail nes eung reasonable nous and a a earwerert manne, have he igh 0 eri ns upon the premises where fe PROPERTY is heated and examine the marner of use of We PROPERTY, prided, however tal te LESSOR Foray ars a yt make uch ngpeebon or axaminstion ne any ly fe ot makryg the sme. ‘32 bn cae of LESSEES delat 21 any of Oe frosans of ts Rgruamare. the LESSEE needy apres to allow he LESSOR arts ty suthorzadreresrisves io enor De promises LESGEE fuer agocs fe vacate he premoes vokntoly, and In ate of refusal odo 5, LESSOR or ts asirgo can get Neher summary wihout need af sel Seczedngs and Twtbox neu Zabity we rospec. Noo, ote ele erenna ‘SECTION 7. TITLE OF OWNERSHIP OF PROPERTY 4 The PROPERTY , and shal a tines be and romain, hw sol and exclusive property of fie LESSOR, and no ite shal pass fo he LESSEE by vite of is Agreoren subjects he provisensof Seton 1 1 hseo. SECTION. INSURANBES, TAKES, ASSESSMENTS 81 The LESSEE herby authorizes the LESSOR or is assign fo ctisn fo day accreted insurance compares forthe LESSEE'S acco ane oto Bolt of ho LESSOR, He aie ef suomsesor ines a aaEePUlchase Reacmptn Ineuanoe covetng te fae tha TESSEE equvaon to the oustanding renasssan pice payale far Ie eequan of Ihe tfovnersip af the unl. Tie euace shal be ‘antanee fr he ltt af he Lease 2. The pei sta oe fore aecount of he LESSEE are shod be pepskt sonuey. THe inal years prem shat to pd usen ths foreoston of Pe contact orestr pre-payrant fr tha folowing and susceegng years shel be Getbuted and catered togawr wi De vets Pyne fe the eared yea 113, Every metranc> ely chines m conection wih tie ctnec it hacby sttiptod 10 the LESSOR, of is aeagneoanste no vittaeng UESBEES flare fo endorse o delve sad pay.” Aeoongy. mn case De TSt naive agaret ocous the LESSOR ots aspen! Teansferee is hereay sulhorzed to apply Insurance proceeds to seis in whole or in part Ihe LESSEE’s herein obligations BA Toes and otarassossmenis. A txos lavss, assests and ober charges on Ihe PROPERTY shat be forthe oocun of he Lessee i 8.5 Upon falue of te LESSEE to pay tho taxes. charges and assestmens when due, tho LESSOR seis asigeatvanfees may ‘venom te sno 2nd i vuch evr, he lgaly and amount of to ake, charge of accecemente 9 wel 8 auehares thereon ary. sha \ncendtonay be win te dacreioy of the LESSOR ar ts sslgpecransciee Upon somand wn ponaey of 1/19 OF ONE PEHICENT (Hs of {i} fhe ameunt cue per day of delay nl pos. SECTION 6 ASSIGNMENTISUBZASE 2.1, The LESSEE cannot cubase or assign his ahs end terest ose the PROPERTY whut the por wlan consent fe LESSOR. rs assignee Any volson of hs pronson hal oi tho LESSOR. x asalgres trl We ease pant ereure. SECTION 10. EVENTS OF DEFAULT 101. Even of Defadt. The ooounence of any of he foleing shal caste a event of doa 2. Fale ofthe LESSEE to pay the equa falas tee (3) canseratve meri eas 2. opresortton or faus connate by tho LESSEE m secu hs eae © fay epreseriation statement want rade by tha LESSEE inthis Agreement or ary documen exact bythe LESSEE ‘cannecon wih he ase shal prove toe we cr naret 0 Male espe “The LESSEE wilaes the paces. ries, equations and guclnes of LESSOR andlor isms Assiyoe, oF exstng lve OF ‘rsnanes cn oat one ocminaney & ua fh eased vert nar ems and condone fs cease Agree ‘©The LESSEE chal taome inctvont or uno Lo pay he bisa fey mate, a eke avrg of nslency, moratorium or nes Ls forte ee of debors.whether Bee valuranly or numa, o ay dome or order stead by 2 Cout of omgolen rae tion forthe sppolniment of @ receiver, trust, or the tke Ta take chaigo ef al or eubetantialy ail of Ine taaets of the LESSEE {.Thare shel have ozaured a maa change inthe Snaril condone ofthe LESSEE hich, i the reseerabe opin ote UE950R ors sssighae INE LESSEC aloe umabeoparim he alton eis aweement The LESSEE subdiates leases, sols, vans, assigns a tere digo: Of ho ltees prone wou the per wien consent o the LESSOR ovis as gnewanstere, or carat any vienna se ote oF nde the vm Oe aoe unt 10.2 Efect of Defaut. Upon deaut oy the LESSEE each of ne fnlowing veneaies shal accrue mmadatey to the LESSOR or te assgnasin aaston 0 any oer remedies avstabe to Warde he ay 1 Tne LESSOR or asia may ue ha LESSEE to root any unl amounts payable hereunder The lease stall bo tomiated sn the LESSEE sha volr4ary surentor potsocton of tna oropary fo tha LESSORUTS AS- SIONEE ard the LESSEE fit fo do so, the LESSEE ray be surmarly soci? an ho LESGORMte ASSIGNE= may ener he gremes where the propery i oie and tke pessesson tore! wink demand, ater cnet oir peoies of lav. The CESSE= nerehyraeases Ihe LESSORS ASSIGNEE from any ard al lattes, wheborctinal oe Tor making sich erry and fe-possesion end agra fy xem, feroneste. hol ad save haibss tho LESSOP Hem and aganst all sams fr denages aring ut resting frm and o eb canton i sa enty ae eaoasesion The LESSORS ASSIGNEE may ‘tana nouns pala 6K eter Ate pony, Bu a Idea damages for rent, we and depreciation ofthe PROPERTY «4 Aes repossessing the PROPERTY, the LESSORATS ASSIGNEE may ooo eease the PROPERTY, whether at pubic suction ‘others, 1 any thea porsn, in 2uch manner and upen such errs ane coeton at the LESSOR ort Asegree deems inthe ast ines ihe aries, powtod, Roueve, hale LESSEE mey cue, ts delat say lve porto the Salo or eaee cl tha PROPERTY by ferdaring {pn the LESSOR oe ws assign te oof al arcurs dean 1 a eu rereuraor. plus al exper og by tha LESSOR ore SEBS ‘convection wih he repossession, ad poceecngs fo sear ese ofthe PROPERTY seals gal cots ae SECTION 1, SPECIAL CONDITIONS: Ie is rey agreed ty che pales tat al vet oyments shall be canedered as inealment payment of the exchace prea ofthe unt awarded te the LESSEE. Upon explaton of tho lease tm, ant payment bythe LESSEE oa feria the aw peyatle neg genaes ad furcargos fl tle and caneshp sta vest ut te LESSEE. The LESSOR at is ASSgnee shal xecRe Ihe nevetsary Deed a Asolle Se anda eral paymerts shal be ceaed agar re purchase pric, Howsve, zon pues by he LESSEE of ih ft tweniour orth rent, te LESSEE can acque ful ang abealuts avnacsip ané ie over is unt paved idle caetes of Wo cat be atone and posted finer tha the LESSEE shall ageume the morgage ‘bigaion overs et exortes by the ComerntyAsncaan fave of Socal Howsng Fiance Corporation (SAFC). ars aeajee and amore he balance oe purchase price In aozorance whe fom 2 promseory note wich shal bo exeaod bythe LESSEE infvar fe LESSORS assignee, “he srt payne be wrap shal be eeiod agent the puTase poe, herby te monty payers shal be appled 10 pete ‘surhaigs folate payestof Ow fonts ue each month surance prem, fri saparsey il, LOGE al ne ate O&B% pr anon (ay Bisel sol tase en cig nce of he eal ta he alee Be para pion a tae sk Deneficary "Ve ura tal he inal ava of way not bo wih ogc Retna desertion in secaniance wth the approves subiion pan So tho eno poser acount ta approved elacisan pon ere 9 ned fo ecate OTeaign the LESSEE toueeg unt or any parton ‘peret to corer th pan. The LESSEE noreby gves he conse tothe ralucsionteakfmat of he haveng unk at Ne vn bxpere. ed ifhatpeeanaly dee bythe LESSEF. he hereby aunonzes the COMMUNITY ASSOCIATION (oo or hi se bea aa at Ne expen, ‘stout ining any itty o daage for he acs done. Furr, aul Bore oe ary agusiment ofthe soa alowed 19 the LESSEE in eave, he agrees tothe upward ar downward aumento tne renal due provid in Secon 3 ths apreert,corespendig toe otase or decease mo area avared ohm, “he foro shal nat in ay way ato he ago grated oy the LESSOto ho LESSEE andor Ih amne snd cndtons above sot tom IWWTTNESS WHEREOF. we have hereto set cur has ti ayo a Pros, TESSORT TEE WARTAL CONSENT SIGNEDIN THE PRESENCE OF: ACKNOWLEDGEMENT TERIOR Tess TWARITAL CONSENT SIGNED IN THE PRESENGE OF: ACKNOWLEDGEMENT Republic ofthe Phipines SS. i ths day BEFORE ME, 2 Notary Pubic or and personaly appeared tha folowing known ta ma or to ms known tobe the same persons who execute the foregoing LessePurchase Agreement ard acknowedged 1 me nat hr sae i no foe an voukay ack and eee and alo te covorton which fey represonk. “Thisnshumert have boon nod by the PARTIES and he hstumenal wineses refs oa LEASEIPURCHASE AGREEMENT. \WRTRESS Ivy HAND AND SEAL on the dato and pice above orien NOTARY PUBLIC Doc No Page No book No Sets of (N.B. THIS FORM IS NOT FOR SALE)