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1 -¤-¤ §
1SHJ DEVELOPMENT CORPORATION

1 HH 
1Twin Hearts Realty

1 j
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3Hughes St., Roxas City, Capiz

3 N
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5Tel Nos.(036) 621-11-24 & 621-21-24

5 †† 
5Fax No. (036) 621-11-24

5 ¢¢ 
5(NAME OF PROJECT)

5 :: 
5(Location of Project)
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Contract No. _______

from RA No. _______

5 üü!
5CONTRACT TO SELL
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This AGREEMENT, made and entered into this ______ day of ____________,
1996, by and between:
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5SHJ  DEVELOPMENT  CORPORATION, a corporation duly organized  and  existing

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5under and by virtue of the laws of the Philippines, with principal  office

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5located  at Hughes St., Roxas City, Capiz represented herein by  Mr.  Jose

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5Nery D. Ong, duly authorized, hereinafter referred to as the FIRST PARTY,

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5 and
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6______________________________________________, spouse, both of legal age,

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6Filipino  citizen, single/widow/widower/married to  __________________,  a

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6resident  of  _______________________________, hereinafter known  as  the

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6SECOND PARTY,
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6 §§!-
6W I T N E S S E T H:

That for and in consideration of the sum of

_________________________________________________________ (P____________), PESOS
Philippine
Currency,  which the SECOND PARTY shall pay in the manner and form hereinafter
specified, and in further consideration of the strict  com
pliance by the latter of the terms, conditions and restrictions hereinafter
stated, the FIRST PARTY has agreed and contracted to sell to the
SECOND  PARTY, and the latter agreed to buy from the former one unit of
(lot/house and lot) situated at Block ___ Lot ___ at (NAME  OF  PRO
JECT), (Location of Project), as officially designated in the Subdivision Plan
of the FIRST PARTY, with the following breakdown of cost  and
expenses:
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6Lot (000 sq.m. @ P 0,000.00 per sq.m.) .............. P 000,000.00

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6House (000 sq.m. @ P 0,000.00 per sq.m.) .............. 000,000.00

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6Processing Fee ........................................ 3,000.00
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7Titling Charges (4.5%) ................................ 00,000.00

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7 -------------

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7Total Package Price ................................... P 000,000.00

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7Estimated Loan Take-out ............................... P 000,000.00

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7Estimated Gross Equity ................................ P 00,000.00

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7Estimated 2nd Real Estate Mortgage .................... P 00,000.00

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7Net Equity/Downpayment ................................ P 00,000.00

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SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS:

7 „„
71.) The total package price of
________________________________________________(P 000,000.00) Pesos, Philippine
Currency, shall be
paid by the SECOND PARTY to the FIRST PARTY at the office of the latter in Roxas
City, without the necessity of demand or of the services of
a collector in the following manner:
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7 ÐР
7 a.) P 5,000.00 - representing reservation fee, shall be paid upon
choosing of the unit and the signing of the Reser

7 ÐР
7vation Application on this unit;
8 ÐР
8 b.)  P  00,000.00  -  representing  FULL  DOWNPAYMENT,  shall be  paid
upon  the  signing  and  execution  of  this

8 ÐР
8agreement;

8 ÐР
8 c.)  P  00,000.00  - representing the estimated UNPAID EQUITY shall be
paid in ________  (___)  consecutive  monthly

8 ÐР
8installments, beginning on the 30th day from the execution of this contract and
on the same date of each and every  calen

8 ÐР
8dar  month thereafter at the amount of ________________________________________
(P 0,000.00) Pesos, including an  interest

8 ÐР
8at the rate of _____________ percent (__%) per annum; and

8 ÐР
8 d.) P 000,000.00 - representing the ESTIMATED LOAN TAKE-OUT shall be paid
thru the PAG-IBIG Expanded Housing Loan to

8 ÐР
8the FIRST PARTY, within six (6) months from the execution of this contract, or,
on or before _________, 1996;

8 ÐР
8 e.)  Unpaid installment from the due date pertaining to 1-b), 1-c) or 1-
d) above will bear penalty charges  at  the

8 ÐР
8rate of five (5%) percent per month, compounded monthly.

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8
ð8E8883 8888888888888888888 8
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8 „„
8Provided  that under 1-c, if the SECOND PARTY continuously fails or refuses to
pay and/or settle an accumulated two (2)  consecu
tive  delinquent monthly installment, as herein provided, within thirty (30)
days from and after the date the second delinquent monthly  in
stallment  became due and payable, any or all accounts due pertaining to 1-c of
this contract, together with the remaining outstanding  bal
ance  on account of the herein agreed purchase price prior to loan take-out, and
all interest charges as of date, shall become due and  pay
able, automatically and without the need of any demand whatsoever; and, by the
failure of the SECOND PARTY to comply therewith within thirty
(30)  days  thereafter, the FIRST PARTY may proceed with the cancellation of
this contract, or seek court relief, in consideration  of  the
provisions of Republic Act 6552, if applicable, or by any other legal means;

9 „„
9Provided  further, that should the estimated UNPAID EQUITY be adjusted by
reason of the fact that the estimated PAG-IBIG  Housing
Loan  take-out varies by any reason whatsoever, the parties likewise agree to
adjust the estimated UNPAID EQUITY , and fully pay  or  settle
the difference, if any, within one (1) month from the date the exact loan take-
out is determined;
2.) Upon faithful payment and compliance by the SECOND PARTY of all the
obligations herein stipulated, the FIRST PARTY agrees to  exec
ute a final deed of sale in favor of the SECOND PARTY and cause the issuance of
a Certificate of Title in the name of the latter, free  from
all liens and encumbrances, except those provided in the LAND REGISTRATION ACT
and the Subdivision Restrictions, as hereinafter  specified,
or those imposed by the authorities.
The  SECOND  PARTY likewise agrees that the FIRST PARTY cannot be held
liable for any delay in the processing and release  of  the  new
title for reasons not attributable to the fault or neglect of the FIRST PARTY.
3.)  Only the SECOND PARTY shall be deemed, for all legal purposes to have
the right to take possession of the subject parcel  of  land
upon payment of the FULL DOWNPAYMENT amount provided however that his possession
in such case shall only be that of a tenant or lessee,  and
subject to ejectment proceedings during the period of this agreement.

9 „„
9The SECOND PARTY may likewise build a house on the subject parcel of land upon
obtaining the written consent of the FIRST  PARTY,
and  upon  securing  the unpaid outstanding balance on the subject parcel of
land by an Insurance Coverage which will fully  pay  the  said
unpaid account in case of the death or permanent disability of the SECOND PARTY.
4.)  The  SECOND PARTY hereby agrees and binds himself that the sale is
made subject to the following SUBDIVISION  RESTRICTIONS  to  be
annotated on the new title when issued in favor of the SECOND PARTY:
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9a.)  The  subject lot/s herein maybe used only for residential or commercial
purposes, provided that the  consent  of  the

9 88 
9(NAME OF PROJECT) Homeowner's Association is required in the latter case;

9 88 
9b.) Any renovations or improvements done on the original design of the house
should be made of strong materials and  prop

9 88 
9erly  painted. No part of the house or extensions shall be made of "nipa", and
must conform with the standards, rules  and

9 88 
9regulations of the National Building Code (Pres. Decree No. 1096);
10 88 
10c.) The perimeter fence or wall that may be constructed for the subject lot/s
shall not exceed 3.00 meters from the  level

10 88 
10of the ground;

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10d.)  Commercial  or advertising signs shall not be placed, constructed or
erected on the lot without the  consent  of  the

10 88 
10(NAME OF PROJECT) Homeowner's Association;

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10e.)  No  cattle, pigs, sheep, chicken, goats, ducks, geese, rabbits, and the
like shall be maintained in the  lot,  except

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10pets which shall in no case be in commercial quantity;

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10f.) The FIRST PARTY grants unto CATV FILVISION ,INC. (Alto Cable) the sole and
exclusive authority to cable service  (NAME

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10OF PROJECT) subject to the further assessment of the (NAME OF PROJECT)
HOMEOWNERS ASSOCIATION upon turn-over.

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10g.)  The  authorized representatives of the Owner/Developer, SHJ DEVELOPMENT
CORPORATION, (NAME  OF  PROJECT)  Homeowner's

10 88 
10Association,  or of any public service or utility company shall have the right
to enter the property at  reasonable  hours

10 88 
10for the purpose of inspection, measurement, relocation, survey, laying of
monuments, or placing necessary lines for water,

10 88 
10gas, electric power, telephone and other public services, and any
inconvenience or disturbance that might be caused there

10 88 
10by shall not be a ground for rescission or basis for an action for damages, or
other reliefs;

10 88 
10h.) Ownership of house and lot within (NAME OF PROJECT), carries with it the
absolute condition of membership in the (NAME

10 88 
11OF PROJECT) Homeowner's Association by the owner, his successors, or assigns;
and -

11 88 
11i.) The Owner/Developer, or SHJ DEVELOPMENT CORPORATION, its heirs, assigns or
executors, shall have full and free perpet

11 88 
11ual  right  and  liberty - with motor vehicles of any kind, to use the roads
of the (NAME OF PROJECT),  for  any  purpose,

11 88 
11whatsoever;

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11j.) The property shall not, in any manner or under any circumstances, be used
as a right-of-way or access to any adjoining

11 88 
11property or to any land not owned or developed by the FIRST PARTY.
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5.) The parcel of land subject of this agreement shall not be used for
illegal or immoral trade or activity.
6.)  Any filling or improvement made and introduced by the SECOND PARTY on
the land shall be for his own exclusive expense and  account
and should this contract be later canceled or terminated, the said filling or
improvement shall form part of and considered attached to  the
land  and  shall become the property of the FIRST PARTY without obligation on
its part to indemnify the SECOND PARTY for the cost  of  value
thereof.
7.)  The SECOND PARTY shall not be entitled to take or remove soil, stones
or gravel from the parcel of land subject of this  agreement
or from any other lot belonging to the FIRST PARTY.
8.) If the lot subject of this contract is a perimeter lot of this
subdivision project, or one that adjoins a lot that is not owned  by
the FIRST PARTY, the SECOND PARTY shall erect a wall or fence, six (6) feet in
height along the boundary or the side which adjoins the  said
external lot, within one(1) year from the execution of this contract.
9.) In the event of new laws or ordinances, it shall not in any way defeat
or prejudice the rights already acquired by or vested on the
FIRST PARTY under this contract.
10.) Should the FIRST PARTY resort to the Courts of Justice in order to
eject the SECOND PARTY and/or for the protection of its  rights
or  redress of its grievances under this agreement, the SECOND PARTY agrees to
pay the FIRST PARTY, by way of Attorney's fees, a  reasonable
sum  which  in no case shall be less than FIVE THOUSAND PESOS (P 5,000.00) if
the case is in the City Court, and additional  SEVEN  THOUSAND
PESOS  (P 7,000.00) if the case is in or reaches the Court of First Instance and
further the sum of TEN THOUSAND PESOS (P 10,000.00) if  the
case  is elevated to any of the Appellate Courts, and, in addition, the costs
and expenses of litigation and damages, actual  or  consequen
tial,  to  which the FIRST PARTY may be entitled under the law; and that in all
these cases, the venue of any court action which  may  arise 11
ð12E121212°@ 12121212121212121212121212121212121212 12Šfrom this contract shall
be the court of proper jurisdiction in the City of Roxas, Philippines.
11.)  The SECOND PARTY hereby represents that this entire agreement has
been read and/or translated to him in the language  or  dialect
known and understood by him.
12.)  If  there  are two or more persons signing this document as "SECOND
PARTY", the said term whenever it appears  herein,  shall  be
understood  to  refer to each and all of the said persons, and their obligations
and liabilities to the FIRST PARTY under the  terms  hereof
shall be understood to be joint and solidary or in solidum.
13.)  Any  provision  in this contract found or declared void or invalid,
shall not vitiate or adversely affect  the  valid  provisions
thereof.
14.) The words FIRST PARTY and SECOND PARTY, as used hereunder, shall
include their respective successors, assigns, heirs,  administra
tors, and/or executors, and shall be understood to refer to the name or names
stated at the beginning of this instrument irrespective of the
gender.
15.)  This document cancels and supersedes the stipulations, terms and
conditions provided in the Reservation Application  executed  by
the SECOND PARTY pertaining to the subject house and lot unit.
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IN WITNESS WHEREOF, the parties hereto have set their hands  this
_________ day of _________________ 1996 at the City of Roxas,  Philip
pines.

SHJ DEVELOPMENT CORPORATION

(FIRST PARTY) (SECOND PARTY)
by:

___________________________ ________________________
JOSE NERY D. ONG

With Marital Consent:

_________________________

12 x¤x¤!
12SIGNED IN THE PRESENCE OF:

________________________ ________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

City of Roxas )s.s.
x- - - - - - - - - - - - - x

At the locality above mentioned, this ___ day of _______________,

1996 personally appeared before me:

Name Community Tax Cert. Date & Place Issued

JOSE NERY D. ONG 11407249 A Jan. 2, 1996-Roxas City

_________________ ______________ _______________________
_________________ ______________ _______________________

SHJ DEVELOPMENT CORPORATION, as its said corporation being repre

sented by Mr. Jose Nery D. Ong, as its authorized representative known
to me to be the same persons who executed the foregoing instrument  of
Contract to Sell one house and lot unit, which instrument consists  of
three (3) pages, including this page on which this acknowledgement  is
written,  and they acknowledge to me that the same is their  free  and
voluntary act and deed.

WITNESS  MY HAND AND SEAL, at the place and on the  date  written
above.

NOTARY PUBLIC

Doc. No. ______; Page No. ______; Book No. ______; Series of 1996