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This Memorandum made and entered into Vigan City, Ilocos Sur,
Philippines this _________day of ___________ 2021, by and between:
- and -
W I T N E S S E T H:
WHEREAS, the SECOND PARTIES agreed to buy the house and lot
located at Camella, Bantay Ilocos Sur belonging to the FIRST PARTIES
particularly described as follows;
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WHEREAS, the Second Parties will pay the First Parties Seventeen
Thousand Pesos (Php 17,000) monthly for 11 years as consideration of
the purchase price of the house and lot described above starting from
____________ ;
WHEREAS, the both of the parties agreed that the tittle will
only be transferred to the Second Party after full payment of the
purchase price.
__________________________ __________________________
ACKNOWLEDGMENT
Notary Public