22 April 2019

MARIA CECILIA VILLARIN

Block 6 Lot 10 C Ubas Street,
Verdant Subd. PH 1, Pamplona 3,
Las Pinas City

RE : FORMAL DEMAND FOR SPECIFIC PAYMENT

Dear Ms. Villarin,

We are write you on behalf of our client E.B. LOREDO REALTY CORPORATION in relation to
your unpaid balance of the downpayment in relation to a certain property which you bought from
our client in the amount of Six Hundred Forty-Four Thousand Nine Hundred Five Pesos and Forty-
Six centavos (PhP 644,905.46).

As per our client, you have purchased a property worth Four Million One Hundred Thousand Pesos
(PhP 4,100,000.00). After deducting the reservation fee and the loan proceeds from the
aforementioned amount, you have a remaining balance of PhP 1,054,905.46. From then you have
made several payments as follows:

Date Amount Paid Remaining Balance

PhP 1,054,905.46
14-April-12 (150,000.00) 904,905.46
7-May-12 (50,000.00) 854,905.46
6-Jul-12 (50,000.00 804,905.46
2-Aug-12 (100,000.00) 704,905.46
20-Dec-12 (30,000.00) 674,905.46
15-Apr-13 (30,000.00) 644,905.46

From the foregoing, your remaining and unpaid balance as of present date is Six Hundred Forty-
Four Thousand Nine Hundred Five Pesos and Forty-Six Centavos (PhP 644,905.46). Moreover,
our client has made repeated verbal demands for you to pay the remaining balance of your
obligations but such requests have remained unheeded. Hence, your obligation has already
incurred interest from the time of your last payment on 15 April 2013 until the present date at two
(2%) percent per month in addition to your principal obligation. Thus, as of present date, your total
outstanding obligation amounts to One Million Five Hundred Seventy-Three Thousand Five
Hundred Sixty-Nine Pesos and Thirty-Eight Centavos (PhP 1,573,569.38), shown as follows:

Particulars Amount
Remaining Balance PhP 644,905.46
Add: Interest 928,663.92
TOTAL OBLIGATION PhP 1,573,569.38

In this light, please be advised that FORMAL DEMAND is hereby given to you to pay your total
and outstanding obligation in the amount of One Million Five Hundred Seventy-Three
Thousand Five Hundred Sixty-Nine Pesos and Thirty-Eight Centavos (PhP 1,573,569.38)
within FIVE (5) days from receipt of this demand letter. Failure on your part to comply with this
FORMAL DEMAND shall be deemed as a breach of your obligation and we shall be constrained
to immediately file any and all appropriate criminal and/or civil cases against you in order to
protect our client’s rights and interests.

We trust that that this matter will be given preferential attention and request that you respond
favorably to this FORMAL DEMAND for specific performance.
Should you have any further clarifications or questions on the matter, please do not hesitate to
communicate with us through the contact details found below.

Thank you.

Sincerely,

ATTY. JUSTIN B. LOREDO