Memorandum of Agreement (Draft)
Memorandum of Agreement (Draft)
MEMORANDUM OF AGREEMENT
Juanito Pabustan, of legal age, “citizenship”, with address at 6391 White Heron Ct. Las
Darleen Villaver, of legal age, “citizenship”, with address at 6391 White Heron Ct. Las
WITNESSETH:
WHEREAS, the herein parties are co-owners of a house and lot located at 6391 White
Heron Ct. Las Vegas NV 89139 with an area of ___ square meters and Certificate of Title
No.___;
WHEREAS, the first and second parties are currently occupying the subject house and
lot;
WHEREAS, the subject house and lot is under a financing agreement by and between
(a.) Sell the subject house and lot located at 6391 White Heron Ct. Las Vegas NV 89139 with
an area of ___ square meters and Certificate of title No.___on or before June 1, 2021;
(b.)Assume or pay in full the remaining balance of the financing agreement over the subject
removing the name of the THIRD PARTY from the same; AND
(d.)Pay, diligently and without delay, the monthly amortizations of the said financing
II. Upon failure of the FIRST and SECOND PARTIES to comply with their obligation
(a.)COMPENSATED by 50% of the total equity amount over the subject property;
(c.) ORDER the FIRST and SECOND PARTIES to immediately VACATE the
corresponding shares to the THIRD PARTY and allow the latter to assume the
IN WITNESS WHEREOF we have hereunto affixed our signatures this _______ day of
_________________________ _________________________
_________________________
Ma Jasmine Pabustan
THIRD PARTY