Professional Documents
Culture Documents
Deed of Conditional Sale
Deed of Conditional Sale
Deed of Conditional Sale
GREETINGS:
We deliver to you the photocopies of the Loan and Mortgage Agreement, hereto
attached and marked as Annex “A” dated «lma_date»2, Deed of Assignment between
«developer/organization»3 and «mortgage bank»4, hereto attached and marked as
Annex “B” dated «doa1 date»5, and Membership Occupancy Agreement, hereto
attached and marked as Annex “C” dated «moa_date»6, all executed by
«developer/organization»3, an organization duly registered with «guaranty
institution»7 and existing under and by virtue of the laws of the Republic of the
Philippines, represented by its President «name»8, of legal age, Filipino citizen and with
postal address at «address»9, in favor of Home Development Mutual Fund (otherwise
known as Pag-IBIG Fund), a government financial institution duly organized and existing
under and by virtue of Republic Act No. 9679 with principal office at Petron MegaPlaza,
358 Sen. Gil Puyat Avenue, Makati City, as security for the payment of the «loan
type»10, procured under HDMF’s «loan program»11, for «loan purpose»12 as evidenced
by a Promissory Note hereto attached and marked as Annexes “D”, which mortgage was
assigned in-favor of HDMF (Pag-IBIG Fund) as evidenced by a Deed of Assignment,
hereto attached and marked as Annex “E”, dated «doa2_date»13. For your information,
we would like to state the following facts:
That the «originator/other GFI if any»14 through the HDMF (Pag-IBIG Fund)
approved the Home Financing Loan of «name of awardee»17 awardee of
«developer/organization»3, amounting «amt_words»18 (P«amount_numeric_»19),
Philippine Currency;
That the terms and conditions of the Mortgage Agreement were violated, with the
failure of the Mortgagor despite oral and written demand to pay its outstanding
obligations to the Mortgagee in the total amount of «amt_words»21
(P «amount_numeric_»)22, Philippine Currency, as of «cut_off_date»23. Photocopies
of the Demand Letter and Statement of Account are hereto attached as Annex “G” and
“H”, respectively;
(April 2012)
That by the terms of the Mortgage Agreement, the Mortgagor is indebted to the
(
Mortgagee in the total amount of «amt_words»21 P «amount_numeric_»22), inclusive
of interest and penalty charges as of «cut_off_date»23;
That likewise, in case of foreclosure proceedings, the Mortgagor shall pay the
Mortgagee, attorney’s fees equivalent to twenty five percent (25%) of the total
indebtedness plus the foreclosure expenses;
«SIGNATORY»24
«Designation/Position»25
V E R I F I C A T I O N / C E R T I F I C A T I O N
O F N O N - F O R U M S H O P P I N G
(April 2012)
tribunal or agency, I undertake to report the fact within five (5) days
therfrom.
«SIGNATORY»24
<<name_notary>>33
NOTARY PUBLIC
(April 2012)
STANDARD FIELDS (For Institutional Loans- Unitized, [HQP-WLF-026])
Superscript
Field Description
No.
1 Address of Regional Trial Court (RTC)
2 Loan and Mortgage Agreement (LMA) execution date
3 Developer/Organization
4 Name of Mortgage Bank
5 Deed of Assignment Execution date
6 Membership Occupancy Agreement Execution date
7 Guaranty Institution
8 Developer/Organization’s President Name
9 Developer/Organization’s Office Address
10 Type of Loan
11 HDMF Loan Program
12 Purpose of Loan
13 Deed of Assignment Execution date
Name of Originator/Other Government Financial Institution (e.g.
14
NHMFC)
15 Developer/Organization’s Project Title
16 Location of the Property
17 Name of Awardee
18 Original loan amount (amount in words)
19 Original loan amount (numeric format)
20 TCT No. (mother title)
21 Outstanding Loan Obligation (amount in words)
22 Outstanding Loan Obligation (amount in numeric)
23 Statement of Account date
24 Name of HDMF Authorized Signatory
25 Designation/Position
26 HDMF Authorized Signatory Office Address
27 Notarial Place
28 Day (endorsement to notarial)
29 Month (endorsement to notarial)
30 Year (endorsement to notarial)
31 ID Name and Number
32 ID Expiry Date
33 Name of Notary Public
(April 2012)