CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT (the CONTRACT), entered into by and between:

______________________, of legal age,

Filipino, married and residents of J. Villaraiz St.,
Dumanlas Buhangin, Davao City, represented by
___________________, of legal age, Filipino,
married and a resident of J. Villaraiz St.,
Dumanlas Buhangin, Davao City, hereafter
referred to as the SELLER;
-AND______________________
married
to
______________________, of legal age,
Filipino and resident of resident of 62-E. Santos
Marketing Subd., Phase 3, Bangkal, Davao City,
hereafter referred to as the BUYER;
WITNESSETH: THAT

Whereas, Seller is the owner of a percale of land (the Subject

Property): A parcel of land, including improvements thereon, located
at __________________, with a total area of THREE HUNDRED
TWETY (320) square meters, covered by Transfer Certificate of Title
(TCT) No. ___________________ currently registered in the name
of _______________________, a copy of which is attached as
Annex A.
Transfer of Certificate of Title No.
___________
A parcel of land (__________________) Psd126608, being a portion of Lot 3367-C (LRC)
Psd-104281, LRC, Rec. No. F. Patent-258956)
situated in the Barrio of ______________,
Island of ________________. Bounded on the
N., points 3 to 4 by Lot 3367-C-16 (Road); on
the E., points 4 to 1 by Lot 11; on the S.,
points 1 to 2 by Lot 3367-C-B; and on the W.,
points 2 to 3 by Lot 3367-C-7, all of the
subdivision plan. Beginning at a point marked
1 on plan being S. 50 deg. 56E., 771.01 m.
from BLLM 17, ____________________,
thence..

S. 82 deg. 05 W, 12.80 m. to point 2; N 7

deg. 55W., 25.00 to point 3;N. 82 deg. 05E.,
12.80 m. to point 4; S. 7 deg. 55E., 25.00 m.
to point of Beginning; containing an area of
THREE HUNDRED TWENTY (320) SQUARE
METERS, more or less. All points referred to
are indicated on the plan and are marked the
original survey, June 22-29, Nov. 3-4, 1995,
and that of the subdivision survey, May 11-20,
1970.:-
Whereas, Seller has offered to sell to Buyer, and Buyer has agreed to
buy from Seller, the Subject Property under the terms and conditions
herein;
NOW, THEREFORE, for and in consideration of the foregoing and the
covenants contained below, the Parties have agreed to the following:
1. Subject to the full payment of FIVE MILLION SEVEN
HUDNRED SIXTY THOUSAND (Php5,760,000.00) of the Purchase
Price by Buyer to Seller, Seller hereby agrees to sell, transfer and
convey the Subject Property in favor of Buyer, its successors,
administrators and assigns under the conditions specified below.
(a) The subject property is mortgaged with TAGUM UNITED
FINANCE CORPORATION;
(b) The BUYER is willing to pay the mortgaged due the SELLER in
the amount of FIVE HUNDRED TWENTY FIVE THOUSAND
(PHP525,000.00) PESOS (Down Payment) together with its
corresponding interests with the financing company, PROVIDED the
amount paid shall be deducted from the total purchase amount;
(c) Upon payment of the required Down Payment, the SELER
shall immediately process the release of mortgage with the Register of
Deeds and when the cancellation of the mortgage be CANCELLED in
the Certificate of Title of the above described parcel of land, the
BUYER shall pay the amount of THREE MILLION TWO HUNDRED
THIIRTY FIVE (Php 3,235,000.00) PESOS;
(d) Upon the complete transfer of registration in the name of
BUYER, the payment of the remainder of the purchase price shall be
paid in FULL in the amount of TWO MILLION (Php2,000,000.00)
PESOS;
2. Condition Of Subject Property. Seller sells the Subject
Property on an as is where is basis. Seller sells to Buyer only
whatever rights, interest and participation it has over the Subject
Property. Seller makes no warranty as to the boundaries, technical
description, or legal condition of the Subject Property, such as with
regard to the existence of any claims, suits or actions involving the

same. Buyer is charged with conducting its due diligence to

determine the physical and legal condition of the Subject Property
prior to the Sale, including possession thereof, as well as the nature
and extent of the rights, interests, and participation of Seller in the
Subject Property.

IN WITNESS WHEREOF, the parties have set their hands and

affixed their signatures on _______________ at Davao City,
Philippines.

____________________

__________________________

BUYER

SELLER

Represented by:
_____________________
Attorney-in-fact
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPIINES)
_________________________) S.S.
BEFORE ME, a Notary Public, for and in the _______________,
Philippines, personally appeared:
NAMES

ID

VALIDITY

, exhibiting their respective competent proofs of identity written above,

known to me to be the same persons who executed the foregoing
Contract of Sell, consisting of three (3) pages including the page where
the acknowledgment is written, and acknowledged to me that the
same are there free and voluntary act and deed.
Doc. No. ____;
Page No.____;
Book No.____;
Series of 2016.