HQP-AAF-115

(Retail)

DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

That this DEED OF ABSOLUTE SALE made and executed by:

The (Name of Developer) ,

a private corporation duly organized and existing under the laws of
the Republic of the Philippines, with business address located at
_______________ (hereinafter referred to
as the DEVELOPER), through its Attorney-In-Fact, the Pag-IBIG
Fund), a government financial institution organized and existing
under and by virtue of Republic Act No. 9679, with principal office
at the Petron MegaPlaza Building, 358 Sen. Gil Puyat Avenue,
Makati City represented in this Act by its ,
, hereinafter
I ---- .._...
referred to as the "SELLER".
. APPROVED: .... Q.~(;)?!.~tv...
. .rare
- in favor of -
.~.-:-::.-:::= ,(
~
.RESEAR If & L~'/r~LC.p,\1Ej~-T--
DE TMENT

____________ , hereinafter referred to as ·the

"BUYER/S".

WITNESSETH:

WHEREAS, the Pag-IBIG Fund has an inventory of real estate properties

covered by defaulted Contracts-to-Sell (CTS) assigned to Pag-IBIG Fund by
accredited developers pursuant to Deeds of AssignmenUDeeds of ASSignment
with Special Power of Attorney, as security for the housing loans of CTS buyers
with Pag-IBIG Fund.

WHEREAS, for and in consideration of an amount certain paid,

___________________ , an accredited developer,
executed a Deed of Assignment with Special Power of Attorney in favor of the
Pag-IBIG Fund, dated , assigning to the latter a Contract to
Sell over a property covered by Transfer Certificate of Title No. T- _
{or CCT No. , if a condominium unit} in the name of the developer.
The Contact to Sell is dated , duly acknowledged before a notary
public and entered in the notarial registry as Doc. No. __ , Page No. __
Book No. , Series of _

WHEREAS, the aforementioned Deed of Assignment specifically

authorizes the Pag-IBIG Fund to cancel the corresponding Contract to Sell in
case of default by the BUYER therein and to subsequently sell the subject
property as the developer's attorney-in-fact.

WHEREAS, by virtue of the Special Power of Attorney mentioned above,

the Pag-IBIG Fund has offered to sell and the herein BUYER has offered to

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purchase the property covered by TCT/CCT No. , subject to the
terms and conditions herein after set forth.
WHEREAS, the BUYER has paid in full the purchase price and has fully
settled/complied with all his/her obligations under this Deed / Deed of
Conditional Sale.

NOW, THEREFORE, for and in consideration of

sum ofthe
PESOS
(P ), Philippine Currency, receipt of which is hereby
acknowledged by the Pag-IBIG Fund, the SELLER, through the Pag-IBIG
Fund's authorized representative, by these presents hereby SELLS,
TRANSFERS and CONVEYS, in a manner absolute and irrevocable, in favor of
the BUYER/S, his/their heirs, successors and assigns, the above-mentioned
condominium unitls / parcells of land together with all the improvements existing
thereon which is/are more particularly described and bounded as follows:

TECHNICAL DESCRIPTION

TCT/CCT NO. _
.fAPPROVEn
,
o
•• •.•••••
bee- LVo..~.f::.'.'{....,.
0 •••
,,'\-11 -,
!

--,.-~O .~
RESEA~Dj\1£NT
L DEPARTMENT

free from any and all liens and encumbrances, except those which are duly
annotated thereon.

The property subject of this Deed has been sold on an "as is, where is"
basis, which means that the BUYER accepted the property in its present
condition without warranty and with the understanding that the BUYER has
assumed the risk arising from the condition of the unit.

All expenses for the registration of this Deed of Absolute Sale, including
the payment of documentary stamp tax and other expenses incidental to the
transfer of title to the BUYER/S shall be borne by the BUYER/S.

In case of difference/dispute between the PARTIES in relation to the

enforcement of their respective rights arising from this contract, the proper suit
shall be instituted exclusively in the proper courts of (Makati City or if the sale is
done by the branch, place of business of the branch concerned.)

IN WITNESS WHEREOF, the PARTIES have signed these presents this

______ day of at _

(Name of Developer)
Seller Buyer
By:
TIN:
Pag-IBIG Fund ___________ No. _

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(As Attorney-In-Fact of the Developer) Date Issued:
Expiry Date:
By:

(PositionlOesig nation)
TIN:
_____ No. _
Date Issued:
Expiry Date:

SIGNED IN THE PRESENCE OF:

ACKNOWLEDG MENT

REPUBLIC OF THE PHILIPPINES)

___________ ) S.S.·

BEFORE ME, A Notary Public for and in the

this day of
_______ , 20 , personally appeared the above named-persons,
who have satisfactorily proven to me their identity through their identifying
documents written below their names and signatures, that they are the same
persons who executed and voluntarily signed the foregoing Deed of Absolute
Sale which they acknowledged before me as their free and voluntary act and
deed. Further, persons acting in representative capacity declare that he/she has
been given authority to sign in said capacity.

The foregoing instrument relates to a Deed of Absolute Sale consisting of

____ ( ) pages including this page of acknowledgment, signed by the
parties and their instrumental witnesses on all pages thereof, in my presence,
and sealed with my Notarial Seal.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No.
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