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CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Contract To Sell, made and executed in the City of Zamboanga, Philippines, by and
between-

VIRGINIA T. LACANDALO, of legal age, married, Filipino citizen, and a resident of 455
T. Bello Drive, Sta. Maria, Zamboanga City, Philippines, hereinafter referred to as the SELLER,

- and -
ELSIE T. LACANDALO, of legal age, single, Filipino citizen, and a resident of 455 T.
Bello Drive, Sta. Maria, Zamboanga City, Philippines hereinafter called the BUYER,

WITNESSETH;
WHEREAS, the SELLER is the true and absolute and registered owner of a certain
parcel of land consisting of___________________________ ( ) square meters located at
Barangay of Sta. Maria, Zamboanga City and covered by Transfer Certificate of Title (TCT)
No.T-_____________ issued by the Registry of Deeds of Zamboanga City, more particularly
described as follows, to wit;

That it is hereby agreed and understood that the BUYER shall pay the SELLER the agreed
purchase price of ______________________________________(P________.00) PESOS,
Philippine currency, upon the release of the former’s loan from the Pag-ibig Home Development
and Mutual Fund (HDMF);

That the SELLER bind herself to execute the Final Deed of Sale upon the approval of
the Pag-ibig Loan in favor of ELSIE T. LACANDALO and deliver to the BUYER the title to the
above-described property free and clear from any liens and encumbrance, except such as may
be subsisting by operation of law.

That this Contract to Sell shall inure to the benefit of, and be binding upon, the parties
hereto and their respective legal representatives and assigns.

IN WITNESS WHEREOF, the parties have hereunto set their hands on this____day of
_______ 20__, in the City of Zamboanga, Philippines.

VIRGINIA T. LACANDALO ELSIE T. LACANDALO

SELLER Buyer

SIGNED IN THE PRESENCE OF:

___________________ _____________________
NOTARIAL ACKNOWLEDGMENT
Republic of the Philippines)
City of Zamboanga )s.s.
X----------------------------------X
Personally came and appeared before me on this_____ day of______ 20__, in the City
of Zamboanga, Philippines, the following;

Name CTC No. Date & Place of Issue

VIRGINIA T. LACANDALO 03023075 05 January 2009, Zamboanga City
ELSIE T. LACANDALO 17251379 09 June 2009, Zamboanga City

known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged that the same is their free act and voluntary deed.
WITNESS MY HAND AND SEAL on the date and place first above-written.

Doc. No.____
Page No.____
Book No._____
Series of ____