HQP-AAF-018

(Non-compliance on Installment
Sale obligation)
Pag-IBIG FUND
(Home Development Mutual Fund)

NOTICE OF CANCELLATION OF SALE

__________________
Date
________________________
________________________
________________________

Dear Sir/Madam;

This is pursuant to the Deed of Conditional Sale (DCS) dated _____________

executed between you and the Pag-IBIG Fund covering the sale of the property
described as Lot No. ______ Block No. ____, Brgy. ___________, ___________ City
under TCT No., _____________, which you are the current buyer.

In line with the terms and condition of the sale, you are required to pay the
purchase price of the property in the total amount of ____________________________
___________________ (P____________) to be paid in __________ (__) equal monthly
installments in the amount of _______________________________ (P____________)
inclusive of ______ (__%) interest from ___________ until ___________. Failure to pay
the full amount within the chosen payment term shall result to the cancellation of sale.

Relative to this, we regret to inform you that the Pag-IBIG Fund by virtue of the
provisions stated on the above mentioned Deed of Conditional Sale (DCS) hereby
cancels the sale of the subject property to you due to
__________________________________________________ which results to losing
your right to own the said property and the Pag-IBIG Fund reserves the right to offer it
again for disposal to other interested buyers. Said cancellation of sale shall become
effective after thirty (30) days from receipt of this notice.

As reasonable rent for the use of the premises, you shall be charged
____________________________________________ (P_________) a month from the
date you occupied the property as of the date of the Deed of Conditional Sale until you
surrender the property to Pag-IBIG Fund. The rents due shall be deducted from the
refund which may be due to you.

As of this writing the total rents chargeable to you is ______________________

_________________(P___________) which when deducted from your refund of
___________________________________________ (P__________), leaves a
balance of ________________________________________ (P____________). To
claim your refund, please come personally to ___________________ and present two
(2) valid IDs. The rental charges to you is without prejudice to the rents Pag-IBIG Fund
shall recover from you as damages in the event of litigation should you hold on to the
premises despite demand to vacate.

(Address and telephone number of Pag-IBIG Branch)

(July 2012)
Done this _____ day of _______, 20___ at __________________, Philippines.

Pag-IBIG FUND
(Home Development Mutual Fund)

By:

(ID) No.
Date of Issue :
Expiry Date :
Place of Issue :

WITNESSES:

_______________________________ _______________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

CITY/PROVINCE OF _______________) S.S.

BEFORE ME, A Notary Public for and in the City/Municipality of

________________, this ____ day of _______________, 20___ personally appeared
Mr./Ms. ______________________________, who has satisfactorily proven to me
his/her identity through his/her I.D. No. ____________ valid until _________, that
he/she is the same persons who executed and voluntarily signed the foregoing Notice of
Cancellation of Sale, which he/she acknowledged before me as his/her free and
voluntary act and deed that he/she is acting as the representative/Attorney-in-Fact of
Pag-IBIG Fund, and that he/she has the authority to sign in such capacity.

The foregoing Notice of Cancellation of Sale consisting of ______(_) pages

including the page on which this acknowledgment is written, has been signed on the left
margin of each and every page by the party and the witnesses.

WITNESS MY HAND AND NOTARIAL SEAL on the date and place above
written.

NOTARY PUBLIC

Doc. No. _______;

Page No. _______;
Book No. _______;
Series of ________.

(Address and telephone number of Pag-IBIG Branch)

(July 2012)