HEYYYYYYYYYYYYY

SAND NINE HUNDRED SIXTY-SEVEN (P2,222,967.00), Philippine

Currency, paid by the VENDEE to the VENDOR, the VENDOR does by
these presents sell, transfer and convey the PROPERTY hereinabove
described unto the VENDEE, its successors and assigns, subject to the
following conditions
1. The VENDOR hereby warrant that the PROPERTIES shall be sold and transferred free and
clear of  liens  and encumbrances accruing before August 18, 1987, and that all taxes or charges
accruing or becoming due on the PROPERTIES before said date have or shall be fully paid by the
VENDOR
2. Documentary Stamp Taxes, Transfer Taxes, Registration fees, and all other expenses arising
out of or relating to the execution and delivery of this Deed shall be for the account of and paid by
the VENDEE
3. Capital gains tax, if any, payable on or in respect of the transfer of the PROPERTY to the
VENDEE shall be for the account of and paid by the VENDOR
IN WITNESS WHEREOF, the parties hereto have caused these presents to be signed at Makati, Metro
Manila this [29th] day of [October], 1987.12

As the Deed of Sale dated October 29, 1987 is very speci c that the
object of the sale is the 59,380. sq. m. portion of the subject property,
HI-LON cannot insist to have acquired more than what its predecessor-
in-interest (TGPI) acquired from APT. Article 1370 of the New Civil
Code provides that if the terms of a contract are clear and leave no doubt
upon the intention of the contracting parties, the literal meaning of its
stipulations shall control. Every contracting party is presumed to know
the contents of the contract before signing an
 

fi