EXHIBIT _Y

DEED OF ABSOLUTE SALE
(For House & Lot) KNOW ALL MEN BY THESE PRESENTS: This DEED OF ABSOLUTE SALE, made and executed on this ___ day of __________, 200__, at ________________________, Philippines, by and between: ____________________, single / married to _______________ (or
they can be described as Spouses depending on what is indicated in the title),

both of legal age, Filipino citizens and residents of _______________________________, (add the following if represented by an Attorney-In-Fact : represented in this Act by his/her/their dulyauthorized Attorney-In-Fact, ___________________, also of legal age, single/married, Filipino citizen and a resident of ________________________________________, Philippines), hereinafter referred to as the “VENDOR”; - and _____________________, single / married to _______________ (or they can be described as Spouses depending on their choice), both of legal age, Filipino citizens and residents of _______________________, Philippines, (add the following if represented by an Attorney-In-Fact : represented in this Act by his/her/their duly-authorized AttorneyIn-Fact, _______________________, also of legal age, Filipino citizen and a resident of __________________________________, Philippines), hereinafter referred to as the “VENDEE”; W I T N E S S E T H: WHEREAS, the VENDOR is the absolute and registered owner in fee simple, of a parcel of land situated at _______________________________________, Philippines, covered under Transfer Certificate of Title (TCT) No. __________ of the Registry of Deeds for ____________________, with a total land area of _____ sq.m., which parcel of land is more particularly described as follows:

SOURCE: REALTOR® Phil M. Coquia

TRANSFER CERTIFICATE OF TITLE NO. _______________ (Registry of Deeds of ____________, ________, Philippines)___ “A parcel of land (Lot _, Block _ of the subdivision plan Psdxxxxxxxx; (copy the technical description shown on the title); xxxx all of the subdivision plan. xxxxxxxxx containing an area of _______(copy the area indicated after the technical description of the title)______ SQUARE METERS (_____), more or less. xxxxxxx”; inclusive of a ____(type of house)____ residential house with an estimated floor area of _____ square meters; hereinafter collectively referred to as the “PROPERTY”. WHEREAS, the VENDOR is willing to sell, assign, transfer and convey unto the VENDEE, the aforedescribed PROPERTY, and the VENDEE is willing to purchase and acquire the same from the VENDOR, under the terms and conditions hereinbelow specified; NOW THEREFORE, for and in consideration of the foregoing premises and of all the covenants stated hereinafter, the parties have agreed as follows: 1. That for and in consideration of the sum of PESOS: _____(amount in bold capital letters)______________ (PhP______________), Philippine Currency, (hereinafter referred to as the “Purchase Price”), receipt of which in full is hereby acknowledged by the VENDOR, the VENDOR hereby sells, cedes, assigns, transfers and conveys by way of absolute sale unto the VENDEE, his/her/their successors and assigns, the aforedescribed PROPERTY; 2. The VENDOR agrees that he/she will assume sole and exclusive responsibility for the payment of the applicable capital gains tax or creditable withholding tax. The documentary stamp tax shall be for the account of the ________. The VENDOR agrees that the VENDEE shall withhold and/or deduct the full amount of these taxes from the Purchase Price and that the VENDEE shall immediately cause the issuance of the corresponding manager’s checks made payable to the Bureau of Internal Revenue (BIR) and shall be paid to the BIR within the period provided for in the relevant BIR regulations. Likewise, the payment of the broker’s commission shall be the sole responsibility of the VENDOR; On the other hand, the VENDEE agrees to assume sole and exclusive responsibility for the payment of all costs and expenses for the transfer of title to his/her/their name(s) which include, but not limited to, the sale registration fees, local transfer tax, transfer of title, notarial expenses, documentary stamps, all Registry of Deeds-related expenses and such other miscellaneous and incidental costs, expenses, fees and charges that would expedite and
SOURCE: REALTOR® Phil M. Coquia

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complete the process of transferring the ownership of and title of the PROPERTY in the name of the VENDEE; 3. That the PROPERTY is covered by Tax Declaration No. _______ for the lot and Tax Declaration No. ______ for the residential improvement. All outstanding property tax arrears that have accrued and will still accrue up to the end of the (__ quarter / end) of 200__ as determined and computed by the Treasurer’s Office of __(city/municipality)__ have been paid in full by the VENDOR and that the corresponding Tax Clearance Certificate has been obtained and submitted herewith; 4. The VENDOR warrants that the title herein conveyed is free from and clear of any and all present and future liens and encumbrances, lis pendens, adverse claims, options and rights of third parties, court actions or suits, expropriation proceedings and other legal proceedings whatsoever; The VENDOR further warrants that as of the date of this Deed, there are no pending, outstanding or unpaid financial obligations/liabilities on the PROPERTY such as utility bills like electricity, water, telephone, gas, cable TV, homeowner’s dues and assessments and the like. Any such bills that may arise in the future covering the period prior to the date of this Deed, shall be for the account of, and to be paid by, the VENDOR; 5. The VENDOR warrants that he has just, valid and legal title to the PROPERTY with full power and authority to effect transfer thereof; 6. That the PROPERTY is not covered under or subject to the Urban Reform Program of the government; 7. Finally, the parties hereto agree to execute any and all further documents that may be necessary and/or required to carry out the intents and purposes hereof. IN WITNESS WHEREOF, the parties have hereunto set their hands on the day and the place first above written.
__(name & signature of registered owner)__

________(name and signature)_________

T.I.N. No. ___________ Acting as Attorney-In-Fact for :
(if applicable)

T.I.N. No. ______________ Acting as Attorney-In-Fact for:
(if applicable) _______(name of buyer)_________

________(name of owner)______________ (VENDOR) Marital Consent (if applicable):
__(name & signature of spouse/wife)___

(VENDEE)
(add additional names if more than 1 buyer)

SOURCE: REALTOR® Phil M. Coquia

SIGNED IN THE PRESENCE OF: ____________________________________ ________________________________
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ACKNOWLEDGMENT REPUBLIC OF THE PHILIPPINES ) City/Municipality of ____________ ) S.S. BEFORE ME, a Notary Public for and in the City/Municipality of _____________________________________, on this ____ day of ___________, 200__, personally appeared the following: NAME ______________________ ______________________ COMM. TAX CERT. NO. _ DATE & PLACE ISSUED ______________________ ______________________

__________________ __________________

known to me and to me known to be the same persons who executed the foregoing instrument and they acknowledged to me that the same is their free and voluntary act and deed. This instrument refers to a Deed of Absolute Sale covering a lot with a residential improvement and consists of ____ (__) pages including this page where the Acknowledgment portion is written, signed on each and every page by the herein VENDOR and VENDEE and their instrumental witnesses. WITNESS MY HAND AND MY SEAL, on this ____ day of __________, 200__ in the City/Municipality of ___________________________, Philippines. NOTARY PUBLIC Doc. No. ____ Page No. ____ Book No.____ Series of 200_.

SOURCE: REALTOR® Phil M. Coquia

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