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ESCROW AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:


This ESCROW AGREEMENT, made and entered into in the ____________,
Philippines, by and between _________________, single/married to ____________, of
legal age, _________ citizen, and with residence and postal address at ____________,
hereinafter called the VENDOR,
and
______________________, single/married to __________________, of legal age and
postal address at _______________, hereinafter called the ESCROW AGENT.

WITNESSETH: THAT-

WHEREAS, under date of _____________, 20___, the VENDOR executed in favor


of the VENDEE for the price of ______________PESOS(P_________), Philippine currency,
a deed of sale conveying to the latter certain real property situated in _______ and
covered by Original/Transfer Certificate of Title No. ____________, which deed of sale,
accompanied with the corresponding owners duplicate certificate of title and
another pertinent papers, has been delivered in escrow to the ESCROW AGENT, the
receipt whereof is hereby acknowledged by the latter;

WHEREAS, under date of ____________, 20_____, in fully payment of the agreed


purchase price set forth in said deed of sale, the VENDEE has deposited in escrow to
the ESCROW AGENT the sum of ____________PESOS (P_________), Philippine currency,
the receipt whereof is likewise acknowledged by the latter; and

WHEREAS, for the final consummation of the above transaction the parties
hereto have obligated themselves individually to comply with certain conditions
more particularly stipulated hereunder;

NOW, THEREFORE, for and in consideration of the premises, and more


specifically the mutual commitments herein set forth, the parties hereto have
voluntarily agreed and covenanted as follows:

THAT the VENDOR or his duly authorized representative shall take charge of
the filing and registration of the aforementioned deed of sale in the proper office of
the Register of Deeds after the same shall have been examined by the VENDEE,
and, once registration thereof has been accomplished, said VENDOR shall deliver to
the ESCROW AGENT a copy of the documents as registered, together with the
corresponding certificate of title duly issued in the name of the VENDEE;
THAT, upon receipt of the aforementioned title and other papers by the
ESCROW AGENT, the latter shall pay to the VENDOR or his duly authorized
representative the full amount deposited in escrow, representing the agreed
purchase price, and the certificate of title and other pertinent papers turned over to
the VENDEE;
THAT, if for any reason there should be any legal impediment to bar the
registration of the aforementioned deed of sale, it shall be obligation of the
ESCROW AGENT to deliver the VENDOR and to the VENDEE all the papers and cash
deposit respectively belonging to them held in escrow;
(Other conditions and stipulations, if any.)
THAT the ESCROW AGENT, cognizant of the foregoing terms and conditions
above stipulated, does hereby agree to acts as depository for the VENDOR and the
VENDEE, and to discharge the duties and perform the undertaking in accordance
therewith; and
THAT, the service fee to be due and payable to the ESCROW AGENT in any
events shall be for account of the VENDOR.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands at
the place first above written on this __________day of ________________, 20 _____

____________________
Vendee

_________________
Vendor

________________________
Escrow Agent

SIGNED IN THE PRESENCE OF:

_____________________________
_____________________________

ACKNOWLEDGMENT
Republic of the Philippines ]
Province of _____________________________ |SS.
City/ Municipality of ____________________)

BEFORE ME, a Notary Public in and for _____________ City, Philippines, this _____ day
of _________________, 20____ personally appeared:

Name Res. Cert. Date/Place Issued


_________________ ____________ ________________

all known to me and 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 hereunto set my hand and affix my notarial seal
on the date and at the place first above written.

Doc No. _______


Page No._______
Book No. ______
Series of _______