UNDERTAKING I, _________________________________________________, legal age, Filipino, single/ married to ________________________________________________________with
residence
address
at
_____________________________________________________________________________________________ After having been sworn to in accordance with the law does hereby depose and state that:
1. I undertake to appear before the Administrative Office of ________________________ ___________________________ at __________________________________________ within thirty (30) days from payment of reservation fee for the purpose of loan approval; further undertake to submit within the same period at least one (1) proof of income; 2. I understand that if I fail to appear on or before the scheduled date and submit the required proof of income, I agree to have my application fee forfeited in favor of _________________________________________. This Undertaking is without prejudice to the reservation agreement I earlier signed.
IN WITNESS WHEREOF, I have hereunto affixed my signature this ______________________________ day of __________________ at _______________________________.
________________________ Buyer With my Marital Consent:
________________________
SUBSCRIBE AND SWORN to before me this ____ day of _____________________, Affiant exhibited to me his/her Community Tax Certificate No._________________ issued at _________________ on _____________________.
NOTARY PUBLIC Doc. No.______________; Page No.______________; Book No.______________; Series of ______________.
DEED OF RECONVEYANCE KNOW ALL MEN BY THESE PRESENTS: I/We_______________________________________________________, of legal age, Filipino, with postal address at ______________________________________________________________________, recites: Vista Residences Inc. 1. _______________________________________________ (“Developer”) executed in my/our favor a “Deed of Absolute Sale” dated__________________, acknowledged before__________________________, a Notary Public for and in_________________, and entered into his Notarial Registered as Document No._____, Page No._____, Book No.______, Series of ________, affecting a condominium/parking unit, more particularly described as follows: Project Building/Tower Floor Condominium Unit No. Parking Unit No. CCT No. Registry of Deeds of
: : : : : : :
The above-described condominium/parking unit hereinafter be referred to as “Subject Property”. 2. Of the total contract price provided in the “Deed of Absolute Sale”, I/We have an outstanding obligation in the amount of PESOS:__________________________________________ (PhP______________), which I/we intended to be paid out of the proceeds of the loan which I/we applied for with______________________. 3. To secure my/our said loan, a mortgage was constituted on the Subject Property in favor of _________________________________________________. 4. The transfer of title to the Subject Property in my/our name was made by Developer relying on my/our undertaking that my/our aforesaid outstanding obligation shall paid in full from the proceeds of my/our loan. 5. However, for various reasons, I/we have failed to pay in full my/our outstanding obligation to the Developer. NOW THEREFORE, premises considered I/we hereby RECONVEY absolutely and unconditionally unto the Developer the Subject Property, together with all the improvements thereon. I/we acknowledge that the payments I/we have so far made be applied to the broker’s commission, registration and transfer taxes, fees, charges and other expenses that may have been incurred, or will be incurred, by the Developer by reason of the Deed of Absolute Sale and this Deed of Reconveyance. Should my/our payments be not sufficient for the said expenses, I/we hereby undertake to reimburse the Developer for the deficiency. Finally, I/we hereby release and forever discharge the Developer from any and all claims and demands whatsoever, and I/we bind and obligate myself/ourselves to indemnify the Developer for any and all liabilities, arising wholly, partially or directly from the Deed of Absolute Sale and all other documents executed in connection thereto. IN WITNESS WHEREOF, I/we have hereunto affixed my/our signature this _____________________________ at _________________.
____________________________ BUYER
____________________________
SIGNED IN THE PRESENCE OF:
____________________________
____________________________
ACKNOWLEDGEMENT Republic of the Philippines) ) S.S. Subscribed and Sworn to before me this _________day of _________________, _____ at ________________________________________, Philippines, the above mentioned affiant exhibiting to me his/her __________________ ID Card No, ______________ Issued on ___________and valid until ________________.
NAME _______________________________ _______________________________ _______________________________
VALID ID NO.
DATE/PLACE ISSUE
____________________ ____________________ ____________________
_________________________ _________________________ _________________________
WITHNESS MY HAND AND NOTARIAL SEAL on the date and at the place first above written.
NOTARY PUBLIC
Doc. No.___________; Page No.___________; Book No.___________; Series of ___________.
BUYER’S SIGNATURE
known to me to be the same persons who executed the foregoing instrument and each of the acknowledge to me that the same is their own free and voluntary act and deed as well as the free voluntary act deed.