tax shall be to the account of

the BUYER/VENDEE.
This Contract shall be
binding upon the heirs,
successors, executors,
administrators and assigns
of the respective parties
hereto.
IN WITNESS WHEREOF,
the parties have hereunto set
their hands at
the place and date first
above written:
SELLER/VENDOR
BUYER/VENDEE
____________________________
____
____________________________
_______
1
 FIDES PALMA/TABIJE AJAIRA
TAMAYO OXALES AND
CHRISTIAN FONTANILLA
REYES, AS
REPRESENTED BY HILARIA
TAMAYO OXALES, their
Attorney-in-
fact
Conforme:
____________________________
___
PACIFICO N. TABIJE, JR.
SIGNED IN THE PRESENCE OF:
___________________________
__
___________________________
Witness Witness
2
CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT made and entered into in Bacolod City, Philippines, this
________________ by and between:

FREDDIE P. SERRADOR and ANNABELLE S. SERRADOR, both of legal age,

married and residents of Escalante City, Negros Occidental, herein after referred to as
the SELLERS/VENDORS;

2
 - AND –

ROVEL Y. CONTIGA and BERNA M. CONTIGA, both of legal age, married and
residents of Escalante City, hereinafter referred to as the BUYERS/VENDEES;

WITNESSETH THAT:

WHEREAS, the SELLERS/VENDORS are the absolute and registered owner of

a lot located at Purok Linao I, Brgy. Washington, Escalante City, Negros Occidental,
with an area of 760 square meters, more or less, covered by TCT No. 091-2019000170
issued by the Registry of Deeds, Province of Negros Occidental;

WHEREAS, the BUYERS/VENDEES would like to avail the said property through
PAG-IBIG;

WHEREAS, the SELLERS/VENDORS are willing to grant the

BUYER/VENDEE of this request;

NOW THEREFORE, for and in consideration of the foregoing premises, the

SELLERS/VENDORS agree to sell and the BUYERS/VENDEES agree to buy the
above described house and lot under the following terms and conditions:

1. The BUYER/VENDEE shall apply for lot purchase loan with PAG-IBIG in the
amount of One Million Five Hundred Thousand Pesos (PHP1,500,000.00) to
pay the SELLERS/VENDORS for the lot. The proceeds/check of the PAG-IBIG
loan shall be paid to and in the name of SELLERS/VENDORS;

2. For purposes of the loan, the SELLERS/VENDORS shall allow the

transfer of the title in the name of the BUYERS/VENDEES, but only after the
issuance of a letter of guarantee from PAG-IBIG;

3. The capital gains tax and notarial fees shall be to the account of the
SELLERS/VENDORS, while the transfer tax and documentary stamp tax shall
be to the account of the BUYERS/VENDEES. This Contract shall be binding
upon the heirs, successors, executors, administrators and assigns of the
respective parties hereto.

IN WITNESS WHEREOF, the parties have hereunto set their hands at the place
and date first above written.

FREDDIE P. SERRADOR
Seller/Vendor
BERNA M. CONTIGA
Buyer/Vendee
Attorney-in-fact of Rovel Contiga

ANNABELLE S. SERRADOR
Seller/Vendor

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 Signed in the Presence of

____________________________ ______________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)