CONDITIONAL DEBT PAYMENT AGREEMENT CONTRACT

Today the following agreement ha !een entered into !y and !etween the "artie in
a##ordan#e with the "ertinent law of the Phili""ine "ertaining to #ontra#t$
Thi CONTRACT% made and e&e#'ted thi (((( day of (((((((((% )*((% at
(((((((((((((((((((((((% !y and !etween+

,NAME O- LENDER.CREDITOR/% of legal age% ingle.married% -ili"ino% and with
reiden#e and "otal addre at ,Addre/% hereinafter referred to a
the 0LENDER.CREDITOR01

2AND2

,NAME O- BORRO3ER.DEBTOR/% -ili"ino and with reiden#e and "otal addre
at ,Addre/% hereinafter referred to a the 0BORRO3ER.DEBTOR0$

3ITNE44ET51

35EREA4% the LENDER.CREDITOR 'nderta6e to lend the
BORRO3ER.DEBTOR the 'm of(((((((( ,amo'nt in word/ (((((((((( PE4O4 ,P+
***%***$***/% Phili""ine C'rren#y1

35EREA4% the B7YER.8ENDEE ha o9ered to !'y and the 4ELLER
.8ENDOR ha agreed to ell the a!o:e mentioned "ro"erty 'nder the term and
#ondition herein !elow et forth1

That I hall "ay the 'm of ((((((((((((((((((((((((((((((((( PE4O4 ,P
***%***$**/ 'nto the aid (((((((((((((((((((((((((((( within a "eriod of ,tate the
re"ayment "eriod 2 day.month.year/ from the e&e#'tion hereof % with interet
at the rate of ,tate the interet rate in word/ , *$* ;/ "er#ent "er year$

NO3 T5ERE-ORE% for and in #onideration of the total 'm of ,Amo'nt in
word/ ,Ph"+ ***%***$**/ Phili""ine C'rren#y% and of the #o:enant herein after et
forth the4ELLER.8ENDOR agree to ell and the B7YER.8ENDEE agree to !'y the
aforeaid "ro"erty '!<e#t to the following term and #ondition+
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In #ae of defa'lt !y the LE44EE.B7YER in the "ayment of the rent% '#h a when
the #he#6 are dihonored% the LE44OR.4ELLER% at it o"tion may terminate thi
#ontra#t and e<e#t the LE44EE.B7YER a hereinafter "ro:ided$ 5owe:er% the
LE44E.B7YER i gi:en e:en ,A/ day gra#e "eriod within whi#h to ettle the
a##o'nt from date rental "ayment i d'e$ Granting an e&tenion to the aforeaid
gra#e "eriod may not !e deemed a a wai:er of LE44OR.4ELLER right to terminate
thi #ontra#t and e<e#t the LE44E.B7YER !'t in the e:ent the LE44OR.4ELLER o
o"t to grant a written reB'et for e&tenion% a "enalty eB'i:alent to three ,>;/
"er#ent "er month of the rental d'e% with a fra#tion of a month #onidered a one
month hall !e #harged and aeed for delayed "ayment$
In the e:ent of my failing to ma6e "ayment on d'e date a aforeaid% I a#6nowledge
that the f'll #a"ital together with #ot and interet will !e#ome d'e and "aya!le
witho't f'rther noti#e and that the CreditorC right againt me hall not !e deemed
to ha:e !een wai:ed ho'ld he a##e"t any late "ayment from me
NO3% T5ERE-ORE
% for and in #onideration of the foregoing "remie and the 'm of ONE MILLION
PE4O4 ,=%***%***$**/% P5ILIPPINE C7RRENCY% whi#h the A44IGNOR here!y
a#6nowledged to ha:e re#ei:ed from the A44IGNEE% the A44IGNOR here!y aign%
tranfer and #on:ey 'nto the A44IGNEE% all hi right% title and interet to the
aforementioned "ro"erty and and a""'rtenant interet in the Condomini'm "ro<e#t
"'r'ant to thi Agreement and the A44IGNEE !y thee "reent here!y a##e"t
the aignment and agree to !e !o'nd !y the term and #ondition of the Contra#t
to 4ell and the r'le and reg'lation% and retri#tion "ertaining to the aid 'nit$

IN 3ITNE44 35EREO-% the "artie ha:e here'nto et their hand on the date and
"la#e Drt a!o:e written$

(((((((((((((((((((((((((((((
,Printed Name O:er 4ignat're/

3ITNE44E4+

(((((((((((((((((((((((( (((((((((((((((((((((((
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