Payment Agreement Contract

By this contract, Mrs. Rosa T. Berenguer agrees to make payments

to (__________________), hereafter known as "Seller," by the following schedule
in payment for the parcel of land located at __________________.
By this agreement, it is agreed that a payment of Ten Thousand Pesos,
(P10,000.00) in legal tender will be surrendered to the seller every 30th day of the
month until the total of the payment required, which is Two Hundred Fifty
Thousand Pesos, (P250,000.00), has been delivered.
These payments include any interest and other charges that may apply.
This agreement is binding, and failure to meet its terms will allow the Lender to take
certain recourse.
By signing this agreement, all parties agree to the terms as described above. Alterations
to this agreement can only be made by both parties and must be placed in writing. Both
parties will receive a printed copy of this agreement, and will be responsible for
upholding its terms.

(Payer)

(Date)

(Payee)

(Date)

ACKNOWLEDGEMENT RECEIPT

February 1, 2014

This is to acknowledge the payment of Mrs. Rosa T. Berenguer of the amount of Ten
Thousand Pesos (P10,000.00) for their instalment fees for the parcel of land located at
_________________________ .

_____________________________
Seller
February 1, 2014

Conforme:

Mrs. Rosa T. Berenguer

Buyer