DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ABSOLUTE SALE is made, executed and entered into by

and between:

______________________________, of legal age, married, Filipino, and with

office address at ________________________________________________________,
Philippines hereinafter referred to as the VENDOR,

-AND-

_____________________________, of legal age, Filipino, married and with

residence and postal address at
__________________________________________________, hereinafter referred to as
the VENDEE.

WITNESSETH:

1. The VENDOR is the absolute owner of one (1) registered parcel of lands with
a total of ______ sq. m. situated in ______, Philippines, and covered by
TRANSFER CERTIFICATE OF TITLE No. _____ issued by the Register of
Deeds for ______ and more specifically described as follows, to wit:

TRANSFER CERTIFICATE OF TITLE No. T-_______

“__________________________________________________________

Containing an area of _____ (___) SQ. METERS more or less.

2. For and in consideration of the total sum of _____________________________

(Php _______,000.00) Philippine Currency, receipt of said total purchase
price is hereto acknowledged by the VENDOR, paid by the VENDEE to the
VENDORS, the VENDORS by these present hereby SELL, TRANSFER and
CONVEY, unto the said VENDEE, his heirs and assigns the above-
described parcel of REGISTERED LAND including all improvements;

3. CONTRACT PRICE: Php _________________

Payable in the following manner:

a. Php ____________ Downpayment paid on _____ 2019
b. Php ____________ to be paid in Twelve (___) equal monthly
installments of Php ___________ per month through ____________
starting on ________, 2019 to _______, 2020.

4. It is hereby declared that the boundaries of the foregoing land are visible
by means of natural and man-made boundaries as shown in the survey
plan of the above-described parcel of land;
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 5. The VENDOR hereby warrants that the above-described parcel of land is
free from liens and encumbrances and further warrant the peaceful
possession by the VENDEE of the hereto sold property;

6. All expenses for the capital gains tax, documentary stamp tax, and fees
shall be for the account of the VENDEE, as well as the expenses for the
transfer registration.

7. DUE DILIGENCE:

That the buyer has already conducted due diligence and has found the
property to be acceptable and buys them on an as-is-where-is condition.

8. PENALTY:

Failure to fund any of the monthly installments shall cause the

termination or cancellation of this Deed of Absolute Sale. All previous
payments shall be forfeited in favor of the VENDOR as liquidated damages.
Buyer shall automatically turn-over possession of the property in its
original condition in good running condition without prejudice to the filing
of the appropriate legal action.

IN WITNESS WHEREOF, the parties have hereunto set their hands

this ___________________________, in the ___________________________, Philippines.

__________________________
VENDOR

____________________________
VENDEE

SIGNED IN THE PRESENCE OF:

________________________ __________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

Done in the City of Baguio) SS.

Deed of Absolute Sale Page 2 of 3

 BEFORE ME, a Notary Public for and in the ________ Philippines
personally appeared:
Name ID Number Expiry Date/Issue
Date

Known to me and to me known to be the same persons who executed the

foregoing instrument and acknowledged to me that the same are their free act
and voluntary deed. 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.

WITNESS MY HAND AND SEAL on this ___day of __________________20__

at _______________.

Doc No.: ___;

Page No.: ___:
Book No.: ___;
Series of 2019.

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