Schedule 1

First Schedule

(Section 7 (1) (f) (iv))

LAND SALES ACT 1964

NOTICE TO PURCHASER

To ............................................................
............................................................

According to the books of account kept by me, you have now paid at least fifteen per centum of the purchase price payable under instalment contract dated .............................. for the sale of lot number .................... in a plan of subdivision which has been registered in the office of the Registrar-General as .............................. (quote registered number; if the plan is unregistered give description of lot).

Under section 13 of the abovementioned Act, upon payment of fifteen per centum of the purchase price, you are entitled, by serving a notice in writing on .............................. (name of vendor) the vendor, to require the vendor to transfer or convey to you the lot purchased by you, but only if you execute a mortgage in favour of the vendor securing payment of the unpaid purchase money.

If you need assistance to enable you to exercise your rights mentioned above, you should consult your solicitor.

..............................(Trustee)