CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Deed made and executed by and between:

ALMA C. RASILES, of legal age, Filipino and a resident of Sigabon,

Malugas, Katipunan, Zamboanga Del Norte, hereinafter called the
“VENDOR”;

-AND-

SPOUSES RUDY T. PANAN and LYN S. PANAN, both of legal age,

Filipino, Married and a resident of Malugas, Katipunan, Zamboanga Del
Norte, hereinafter called the “VENDEE”;
____________________

WITNESSETH;
VENDEE

WHEREAS, the VENDEE offers to buy from the VENDOR a portion

of parcel of land consisting of 150 sq. meters including all the
improvements thereto;

WHEREAS, the VENDOR agrees to sell to the VENDEE, subject to

the installment basis until it is fully paid;

WHEREAS, the VENDOR is the lawful owner of a parcel of land,

consisting of Three Hundred (300) sq. meters, more or less, situated in
the Barrio of Malugas, Municipality of Katipunan, Province of
_____________________

Zamboanga Del Norte, and covered by _____________ issued by the

Registry of Deeds for the Province of Zamboanga Del Norte, more
particularly described as follows:
VENDOR

NOW THEREFORE, for and in consideration of the foregoing

premises, the VENDOR agrees to sell and the VENDEE agrees to buy the
above described property under the following terms and conditions:

1. That the total consideration of the sale is Fifty Thousand Pesos

only (Php 50,000.00) for a total land area of 150 sq. meters;

2. That the VENDEE already paid Twenty Thousand Pesos (Php

20,000.00) before the signing of this contract, as part of the
purchase price;

Page 1 of 3
 3. That for the balance of Thirty Thousand Pesos (Php 30,000.00), the
VENDOR and VENDEE agrees that the VENDEE shall continue the
payment of One Thousand Pesos (Php 1,000.00) per month
starting September 2019 until fully paid;

4. That the Real Property Tax as well as the Real Estate Tax shall be
at the account of the VENDEE until the actual execution of the
DEED of ABSOLUTE SALE;

5. That the Capital Gain Tax, Documentary Stamps, Registration

Fees including the legal and notarial fees for the execution and
registration of the enabling sale documents and transfer of title
shall be paid by the VENDOR;
____________________

6. That upon the execution of this instrument, the VENDEE shall

enjoy the trees and fruits within the premises and can construct a
VENDEE

temporary shelter and/or structure only at expense of the

VENDEE;

7. That, the VENDOR warrants that the subject parcel of land

mentioned above is free from all liens and encumbrances, and that
the VENDOR shall defend the title and rights of the VENDEE from
any third person’s claims of whatever kind or nature.

8. Upon payment of the total price, the VENDOR shall sign and
execute Deed of Absolute Sale in favor of the VENDEE. The
VENDOR shall likewise execute and/or deliver any and all
_____________________

documents, including but not limited to the Original Certificate of

Land Title, Tax Declaration and all other documents necessary for
the transfer of ownership from VENDOR to the VENDEE.
VENDOR

IN WITNESS WHEREOF, the parties have hereunto affixed their

signatures, this 29th day of August, 2019 at Dipolog City, Philippines.

ALMA C. RASILES
VENDOR
ID No. _________________

With Marital Consent:

RUDY T. PANAN LYN S. PANAN

ID No. _________________ ID No. ______________
VENDEE VENDEE

Page 2 of 3
 SIGNED IN THE PRESENCE OF:

_____________________________ ___________________________
WITNESS WITNESS

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

City of DIPOLOG) S.S.

BEFORE ME, a Notary Public for and in the City of DIPOLOG,

____________________

parties personally appeared and all known to me to be the same persons

who executed the foregoing CONTRACT TO SELL which they
VENDEE

acknowledged to me to be their free and voluntary act and deed,

consisting of only THREE (3) page/s, including this page in which this
Acknowledgment is written, duly signed by the Vendor, the Vendee and
their two (2) instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND SEAL this 29th day of August, 2019 at

Dipolog City, Philippines.

NOTARY PUBLIC
_____________________

Doc. No. _____;

Page No. _____;
VENDOR

Book No. _____;

Series of 20___;

Page 3 of 3