Deed of Conditional Sale of Motor Vehicle

DEED OF CONDITIONAL SALE OF MOTOR VEHICLE KNOW ALL MEN BY THESE PRESENTS: THAT I, ________________________ (the VENDOR) of legal age, single, with residence and postal address at ________________________________ and ________________________ (the VENDEE) of legal age, single, with residence and postal address at ________________________________ entered into a CONDITIONAL SALE of a motor vehicle with the following descriptions: Make: _________________

Serial No.: _________________

Model: _________________

Motor No.: _________________

Type: _________________

Plate No.: _________________

CR No.: _________________ The consideration for the sale shall be in the total amount of PESOS: ______________________________ (P______________) Philippine Currency to be paid as follows: Down Payment: Monthly Installment Upon signing of this Deed, the VENDEE agrees to pay the down payment in amount of __________________________ while the balance shall be paid every ______ of the month without demand until fully paid. It is further stipulated that the VENDOR shall retain title to the vehicle sold until the full payment of the agreed price is paid. In case of failure to pay two (2) succeeding monthly instalments, the full balance of the agreed price shall become due and payable and the VENDEE shall pay all reasonable attorney's fees and costs of collection. Upon default, VENDOR may reclaim the vehicle, hold and dispose of same, and collect expenses, together with any deficiency due from VENDEE, subject to the VENDEE's right to redeem said items pursuant to law. IN WITNESS WHEREOF, I have hereunder affixed my hand this day of ______________ at ___________________________, Philippines. ________________________ Vendee

_________________________ Vendor

SIGNED IN THE PRESENCE OF: __________________________

__________________________

ACKNOWLEDGMENT Republic OF the Philippines) Makati City ) SS. BEFORE ME, a Notary Public in and for Makati City, Philippines, this _______________, personally appeared: Name: Res. Cert./ Date/Place Issued Passport No. _________________________ _____________ __/__/__/ – ____________ _________________________ _____________ __/__/__/ – ____________ known to me known to be the same persons who executed the foregoing instrument and they acknowledged to me that the same is their free and voluntary act and deed. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date and at the place first above written. Doc. No. ______; Page No. ______; Book No. ______; Series of _________. WF00002