Schedule 3

Third Schedule

(Section 7 (1) (f) (v))

LAND SALES ACT 1964

NOTICE TO PURCHASER

To ............................................................
............................................................
the purchaser 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).

I have received a notice under section 14 (1) of the abovementioned Act, stating that the vendor to you of the abovementioned lot intends to charge the lot with a security which could enable your interest in the lot to be overreached. A similar notice should have been served by the vendor on you.

Under section 13 of the abovementioned Act, you are entitled, within 28 days after service of this notice on you, 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. Unless you obtain a transfer or conveyance of the lot from the vendor, you could be deprived of all your rights in the lot purchased by you in certain circumstances, and it is therefore essential that you act without delay.

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

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