CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS: THIS CONTRACT TO SELL, entered into this ____ of ____at ________, Philippines, by and between: ________, married, of legal age, Filipino citizen, with residence and postal address at ________________________________________ hereinafter referred to as the SELLER, - and _____________________________ _______, single, of legal age, Filipino citizen, with ____________________________________, residence and postal address at ______________________________, hereinafter referred to as the BUYER - WITNESSETH That for and in consideration of the sum of ________________________________ (Php_________________), Philippine currency, which the BUYER has bound herself to pay in the manner ma nner herein specified, the SELLER has agreed and contracted c ontracted to sell to the BUYER a parcel of land situated at ____________________________ covered and described in Transfer Certificate of Title No._______________ of the Register of Deeds of Camarines Sur of which property the SELLER is the registered owner and which parcel of land is designated as: Lot No. Block No. and Psdcontaining an area of __________________________________, more or less; THE CONDITIONS OF THIS T HIS CONTRACT ARE AS FOLLOWS: 1. The BUYER hereby agrees to pay the purchase price stipulated above to the SELLER at its above-stated address, and without the necessity of demand, in the following manner: a. ONE HUNDRED THOUSAND PESOS (Php100,000.00) upon the execution of this contract as down payment; and b. The balance of SIX HUNDRED FIFTY FOUR THOUSAND EIGHT HUNDRED PESOS (Php654,800.00) immediately upon the release of the proceeds of the housing loan of the BUYER with Pag-IBIG Pag -IBIG Fund Naga City office.
2. The BUYER further agrees to pay, in addition to the purchase price, the following: a. The corresponding real estate taxes shall be paid by the SELLER without recourse to the BUYER for as long as the title has not passed to the BUYER; Provided, however, that if the BUYER has actually taken possession of and occupied the lot, the BUYER shall be liable to the SELLER for such tax effective upon the year following such taking possession and occupancy. b. The documentary stamps and execution fees of this contract as well as those of the final deed of absolute sale, the registration fees of the latter and all expenses as agreed herein. 3. Upon complete payment by the BUYER of all the obligations herein stipulated, the SELLER agrees to execute a final deed of sale in favor of the BUYER. IN WITNESS WHEREOF, the parties have hereunto affixed their signatures on the date and place first above-mentioned.
__________________________ (BUYER)
_____________________ (SELLER)
By: _____________________ Representative
ACKNOWLEDGMENT BEFORE ME, a Notary Public, personally appeared the following: NAME
IDENTIFICATION DOCUMENT PRESENTED
1. CHRISTY M. SARTE (Seller’s Representative) ____________________ 2. ___________________(Buyer) _____________________ Who acknowledged that the foregoing instrument is their own free, knowing and voluntary act and deed, and that of the Seller represented. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date and in the place first above written.
Notary Public Doc. No. _____; Page No._____; Book No._____; Series of _____.
