CONDITIONAL CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT made and executed into in Dumaguete City, Philippines,

this 13th day of September, 2018 by and between:

ROLANDO LANGYON, as represented by his Attorney-In-Fact, LETECIA A.

LANGYON, of legal age, Filipino, married, with residence and postal address at
Brgy. Balahan, Banilad, Dumaguete City, Philippines, hereinafter referred to as the
SELLER/VENDOR;

-and-

ELRICO MARINO F. DE GUZMAN and AIME LOU S. DE GUZMAN, both of legal

age, Filipino, married, with residence and postal address at Tetuan, Zamboanga
City, Philippines, hereinafter referred to as the BUYER/VENDEE;

WITNESSETH

WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a

parcel of land situated in Brgy. Tetuan, Zamboanga City, Philippines, with an area
of 200 square meters, more or less, covered by TCT No. 129-2015004632, issued by
the Registry of Deeds, Zamboanga City;

WHEREAS, the BUYER/VENDEE would like to avail the said property through
PAG-IBIG;

WHEREAS, the SELLER/VENDOR is willing to grant the BUYER/VENDEE this

request;

NOW THEREFORE, for and in consideration of the foregoing premises, the

SELLER/VENDOR agrees to sell and the BUYER/VENDEE agrees to buy the above-
described parcel of land under the following terms and conditions:

1. The BUYER/VENDEE shall apply for a loan with PAG-IBIG in the amount
EIGHT HUNDRED THOUSAND (PhP800,000.00) PESOS, in Philippine
currency, to pay the SELLER/VENDOR for the parcel of land. The
proceeds/check of the PAG-IBIG shall be paid to and in the name of
herein VENDOR/SELLER’s Attorney-In-Fact, LETECIA A. LANGYON;

2. In the event that the total proceeds of the loan from PAG-IBIG does not
amount to EIGHT HUNDRED THOUSAND (PhP800,000.00) PESOS, in
Philippine currency, the difference between the selling price and the
total proceeds of the loan shall be paid by the BUYER/VENDEE;

3. For purposes of the loan and of this CONTRACT, the SELLER/VENDOR shall
allow the transfer of the title in the name of the BUYER/VENDEE, but only
after the issuance of a letter of guarantee from PAG-IBIG and/or after
the total amount of the purchase price has been paid.

IN WITNESS WHEREOF, we hereunto affix our signature this _______________ at

Dumaguete City, Philippines.
 ROLANDO A. LANGYON
Vendor/Seller
as represented by LETECIA A. LANGYON

ELRICO MARINO F. DE GUZMAN

Buyer/Vendee

AIME LOU S. DE GUZMAN

Buyer/Vendee

ACKNOWLEDGMENT

Republic of the Philippines)

Dumaguete City ) S.S.

BEFORE ME, a Notary Public, this _____________________, personally

appeared before me the parties, who have satisfactorily proven their identity to
me through their respective ID’s:

Name ID Card ID Number

Letecia A. Langyon Driver’s License J04-11-000764
Elrico Marino F. De Guzman AFP ID AF18-0-7081
Aime Lou S. De Guzman PRC ID

all known to me to be the same persons who executed the foregoing

instrument and hereby acknowledged to me that the same is their free and
voluntary act and deed.

This instrument consisting of two (2) pages, including this page on which this
acknowledgment is written, refers to a CONDITIONAL CONTRACT TO SELL and has
been signed by the parties and their witnesses and sealed with my notarial seal.

WITNESS MY HAND AND SEAL.

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2018.