JC Mer Home Builders (Seller) does hereby acknowledge receipt of the amount of Twenty Thousand Pesos (20,000.00 Php). Said payment as a reservation from: Mr. and Mrs. Juanito D. Navarro resides at Lot 12, Blk 02 Santis Subd. Agusan del Sur on October 23, 2001.
The above amount is to reserve a Lot 03 Blk 8 Mapayapa Subd. Agusan del Sur with TCT Title No. 28939 as well as the seller with be the builder of a 2-storey residential building with 110 sq meters floor area and 90 sq meter lot area. The said amount as reservation fee is non-refundable.
The total contract price of house and lot is 3.5M with 30% down payment upon 80% of house completion and the balance of 70% will be paid upon the full finished of the house.
Jc Mer Herrera
Mr. Juanito Navarro
Signed in the presence of: