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IN FAVOR OF
WITNESSTH
WHEREAS THE SELLERS, are the absolute owner of a parcel of Land &
improvements located at ________________________________, and more
particularly described as follows:
That the Buyers shall update the Sellers account with GSIS and shall
assume the payment of all monthly amortizations on the subject of property,
upon the signing of this contract.
The above described real property is not covered by area for priority
development (APD) & hence exempted from provision of R.A. 7279 & P.D. 1517.
_______________________ _________________________
SELLER BUYER
_____ ID No. _______________ _____ ID No. _______________
____________________________ ____________________________
ACKNOWLEDGEMENT