DEED OF RESCISSION AND ANNULMENT OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale made and entered into by and between:

_______________________, of legal ages, married, Filipinos, and with residence address

at ____________________-, hereinafter referred to as the “SELLER/VENDOR”;

-AND-
 
_________________ and ___________________, Filipinos, single, of legal ages and
with residence address at ________________________, hereinafter referred to as the
“BUYER/VENDEE”;

WITNESSETH:

WHEREAS, the parties herein are the same parties that entered into a Deed of Absolute
Sale identified as Doc. No. 30, Page no. 29, Book no. 5, Series of 2020 of the Notarial Register
of Notary Public ________________ of _____________, wherein the SELLER/VENDOR, for
and in consideration of the sum of TWO MILLION FIVE HUNDRED THOUSAND (Php
2,500,000.00), Philippine Currency, sold to the BUYER/VENDEE a certain parcel of land, with
improvement, more particularly described as follows:

Transfer Certificate of Title no. T-2135345

“A parcel of land (Lot __________________, of the subdivision plan, Psd-07-

060503, being a portion of Lot 6479-A-2 (LRC) Psd-88074), situated in the
Barangay of Labangon, City of Cebu, Island of Cebu. Bounded on the NE., along
line 1-2 by Lot 6479-A-1 (LRC) Psd-88074, on the SE., along line 2-3 by Lot
6479-B (LRC) Psd-28606 (Existing Road), on the SW., along lines 3-4-5 by Lot
6479-A-2-B, of the subdivision plan, on the NW., along line 5-6 with legal
easement of 3.00m wide by Labangon Creek, on the NE., along line 6-1 by Lot
6479-A-1 (LRC) Psd-88074. (xxx) Containing an area of SEVENTY NINE (79)
square meters, more or less. (xxx)”

WHEREAS, the parties have hereto mutually agreed to rescind, annul and declare the
aforementioned Deed of Absolute Sale as without any force and effect;

        NOW THEREFORE, for and in consideration of the foregoing premises, the parties
hereto make known, by all these presents, that the aforementioned Deed of Absolute Sale
involving the above-described property is hereby RESCINDED and ANNULLED, and declare
the aforementioned Deed of Absolute Sale as without any force and effect and, by these presents,
authorize the Bureau of Internal Revenue and any other government and private agency, to
rescind and annul said Deed after payment of the required fees.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
_____________ at _____________, Philippines.

Seller/Vendor
 
 

Seller/Vendor
 Buyer/Vendee

Buyer/Vendee

SIGNED IN THE PRESENCE OF:

__________________ __________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

CEBU CITY )  SS.

BEFORE ME, a Notary Public, this ____________day of ________________, personally

appeared the above parties to this Memorandum of Agreement with their respective competent evidence
of identity.
 
This instrument, consisting of ___ page/s, 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.
 
IN WITNESS  WHEREOF, I have hereunto set my hand the day, year and place above written.
  
Doc. No. ___;
Page No. ___;
Book No. ___;
Series of 2020.