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CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL, made and executed this ____ day of


_________, 20__ by and between:

___________________________, of legal age, single/married to (Name of


spouse if any), Filipino, and with residence and postal address at (Address),
hereinafter referred to as the "SELLER/VENDOR";

-AND-

JOSEPHINE P. REYES, Filipino and with residence and postal address at


Blk 1 Lt 1 Doña Carmen St. Dacoville Dumoy, Davao City, Philippines 8000
hereinafter referred to as the "BUYER/VENDEE".

WITNESSETH;

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


the following vehicle, more particularly described as follows:

MODEL: _____________________
MAKE: _____________________
COLOR: _____________________
YEAR MODEL: _____________________
SERIAL NUMBER: _____________________
PLATE NUMBER: _____________________
C.R. NUMBER: _____________________

NOW THEREFORE, for and in consideration of the total sum of Three


Hundred Ninety Thousand Pesos only (Php 390,000.00) Philippine currency, and
of the covenants herein after set forth, the SELLER / VENDOR agrees to sell and
the BUYER / VENDEE agrees to buy the aforesaid vehicle subject to the following
terms and conditions:

1. The BUYER / VENDEE shall pay the amount of One Hundred Fifty
Thousand Pesos Only (Php 150,000.00) representing earnest money forming
part of the full purchase price upon the execution of contract to sell;

2. Possession and turnover of full ownership to the aforesaid vehicle shall be


delivered by the SELLER / VENDOR to the BUYER / VENDEE upon the
full payment referred to herein;

3. The balance of Two Hundred Forty Thousand Pesos (Php 240,000.00)


Philippine currency, shall be paid by the BUYER / VENDEE to the SELLER
/ VENDOR shall be paid in Cash on or before ___ day of ___________, 2020.
4. Upon full payment of the aforesaid purchase price, the SELLER / VENDOR
shall sign and execute a DEED OF ABSOLUTE SALE in favor of the
BUYER / VENDEE for the aforesaid vehicle, free from all liens and
encumbrances whatsoever;

5. All expenses arising out of or incidental to the execution of the corresponding


Deed of Absolute Sale, as well as registration fees required to transfer
ownership to the BUYER / VENDEE’s name shall be for the exclusive
account of the SELLER / VENDOR;

6. All fuel expenses as well as expenses for the maintenance, repairs, future
insurance of the subject vehicle shall, starting from the date of delivery thereof
to the BUYER / VENDEE, shall be borne by the BUYER / VENDEE.

IN WITNESS WHEREOF, the parties have hereunto affixed their


signatures, this ___ day of ____ 2020 at Davao City, Philippines.

JOSEPHINE P. REYES
Seller / Vendor Buyer / Vendee

WITH MARITAL CONSENT:

_____________________________________
Name of Seller/Vendor's Spouse

SIGNED IN THE PRESENCE OF:

__________________________ ____________________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


_____________________________ ) SS.

BEFORE ME, a Notary Public, this __ day of _____ 2020, personally appeared the
following:

Name CTC Number Date/Place Issued

_____________________ _______________ ________________


_____________________ _______________ _________________

This instrument, consisting of three (3) pages, including the page on which this
acknowledgment is written, has been signed on the left margin of each and every
page thereof by the concerned parties and their witnesses, and sealed with my
notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand the day, year and
place above written.

Notary Public

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