PURCHASE AGREEMENT for LOTS ONLY

THE FOUNTAIN GROVE

This is to express my agreement in relation to my purchased property from Suntrust Properties, Inc.
Below are the purchase details:

PHASE: ________ BLOCK: ________ LOT: ___________

Terms & Conditions:

1. Regular reservation fee of Php 15,000.00 will be collected for each lot.
2. 20% Down Payment (DP) is payable within 24 months at 0% interest
3. The balance must be coursed through Bank Financing. If I will not be qualified for Bank Financing, the remaining
balance shall automatically be subjected to In-house financing with an interest rate of 15% per annum- max 5years
(terms & conditions may apply).
4. Payments must strictly be paid to SUNTRUST PROPERTIES INC. (SPI). Payments made to agents and brokers SHALL
BE MY SOLE AND EXCLUSIVE RESPONSIBILITY AND RISK and receipts shall not be recognized by the Developer as
valid payments unless the same have been duly signed and issued by the authorized officer and/or cashier.
5. Payments can ONLY be made at the following:
a. Suntrust Office – Head Office: G/F One World Square Bldg., No. 2 Upper Mckinley Rd. Mckinley Town
Center Fort Bonifacio Taguig City 1634 Philippines.
b. Regional Offices:
Baguio Office: GF Suntrust 88 Gibraltar Building Gibraltar Road, Baguio City
Bacolod Office: G/F La Luz Bldg., Lacson St. Mandalagan Hi-way, Bacolod City
Pampanga Office: 2F Central Town Mall, Fil-Am Friendship Hi-way Angeles City Pampanga
Cavite Office: Cyberville Office - Brgy. Santiago Gen. Trias Cavite
Davao Office: G/F Locsin Bldg., CM Recto St., Davao City
Tagum Office: Gaisano Mall Arcade ARS 02 & 03 cor. Apokon Rd. Tagum City
c. BANK – Over The Counter payment at any BDO/ AUB / BPI /Unionbank Branch through designated bank
account number of SPI using buyer’s account code
d. OVERSEAS - BDO Tie-ups Abroad / I-Remit Centers / RCBC Telemoney
e. Online Payment – BDO / AUB / BPI /Unionbank / hellomoney /AQWIRE /BUX

6. If I paid the spot 20% Down Payment within 30/45/60 days, I may avail a 24 months interest-free payment of the
80% balance, if only a percentage of the 80% balance will be paid in 2 years, a payment schedule must be prepared
and signed by me. The remaining balance must be coursed through In-House or Bank Financing.
7. In the event that my bank loan is not yet approved, my account shall automatically be subjected to In-house
Financing up until bank loan will be released. I will automatically start paying the monthly amortization Thirty days
(30) after the date of signing of the Buyer’s Acceptance Contract,
8. Lot/s shall be used exclusively for residential purposes.
9. Any residential house to be constructed must be a two-storey unit. Bungalow (Single-storey) units are not allowed.
10. Construction of any structure on the lot shall commences only after the buyer has paid at least 20% of the contract
price of the lot and has already been qualified for in-house/bank financing; if the lot was paid in spot cash payment,
all plans & permits must have prior written approval by the developer.
11. All construction, improvements, modifications/renovations must comply with all the applicable laws such as but not
limited to: National Building Code, local government ordinances, regulations and other laws. Permits must be secured
at the expense of the Lot Owner.
12. All House plans & designs must be approved by Suntrust Properties Inc. prior to the construction of the house.
13. Proposed plan/design must not deviate from the architectural character of the house models and subdivision,
including the color schemes. Theme: Modern design; Roof Colors: RED/ GREEN/BROWN / ORANGE
14. Modifications, improvements, extensions, fencing or renovations are not allowed without securing prior written
approval from the developer.
15. I will pay a construction bond, pre-determined by the developer prior to the house construction.
16. I may opt to choose between Suntrust’s accredited contractors or their preferred contractor.
17. Payment for the Homeowners’ Association Dues / Property Maintenance Fee shall be paid once the lot has been
accepted.
18. Other terms and conditions are stated in the Deed of Restrictions, Annex A of Contract to Sell.

Witness:

_______________________________ ____________________________
Buyer’s signature over Printed Name Signature of SM over Printed Name
Date: ___________ Date: ____________