CONDITIONAL CONTRACT TO SELL

 
KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL, made and executed this ____ day of _________, 20__ by and between:
 
        ROLINIO P. POZAS, of legal age, married to MARISSA P. POZAS, Filipino, and with residence and postal
address at #127 Gov, Ferrer Subdivision, Pinagtipunan, Gen, Trias, Cavite, hereinafter referred to as the
"SELLER";
 
-AND-
 
        NOVI JAMAICA B. ANGELES, Filipino and with residence and postal address at Block 10 Lot 2 Green City
Subdivision, Malagasang II-A, Imus, Cavite, hereinafter referred to as the "BUYER".
 
WITNESSETH;
 
        WHEREAS, the SELLER is the absolute and registered owner of a parcel of land consisting of One Hundred
Fifty (150) square meters, more or less, located at Lot 6 Block 8, Phase 1-A, Pallas Athena Executive Village,
Bgry. Anabu II, Imus Cavite and covered by Transfer Certificate of Title No. 057-2011003046 issued by the
Registry of Deeds of Province of Cavite;
 
        WHEREAS, the BUYER has offered to buy and the SELLER has agreed to sell the above mentioned property
under the terms and conditions herein below set forth;

That for and in consideration of the total sum of One Million Five Hundred Thousand Pesos (Php: 1,500,000.00)
Philippine Currency, and of the covenants herein after set forth the SELLER agrees to sell and the BUYER agrees
to buy the aforesaid property and which parcel of land is known as:
  

TECHNICAL DESCRIPTION OF THE LAND

LOCATION Brgy. of Anabu II, Municipality of Imus, Province of Cavite

BOUNDARIES LINE DIRECTION ADJOINING LOT(S)
1-2 NW Road Lot 2
2-3 NE Lot 7, Block 8
3-4 SE Lot 2440-B, PSD-04-031406
4-1 SW Lot 5, Block 8
TIE POINT Mon. No. 117, Imus Estate
LINE BEARING DISTANCE
To Corner 1 S. 83º 40’ W 692.45 M.
1-2 N. 82º 04’ E 10.00 M.
2-3 S. 07º 56’ E 15.00 M.
3-4 S. 82º 04’ W 10.00 M.
4-1 N. 07º 56’ W 15.00 M.

The further conditions of the contract are as follows:

1. The total consideration shall be One Million Five Hundred Thousand Pesos (Php: 1,500,000.00), Philippine
Currency, payable as follows:

a) The amount of Three Hundred Thousand Pesos (Php: 300,000.00), representing earnest money shall be payable
by the BUYER to the SELLER upon signing of this Contract to Sell;
 
b) The remaining balance in the amount of One Million Two Hundred Thousand Pesos (Php: 1,200,000.00), to be
paid upon the approval and/or release of the loan from the Bank of the Philippine Islands.

2. The SELLER upon receipt of the Bank Guarantee from Bank of the Philippine Islands shall;

a) Capital Gains Tax and Real Estate Tax, shall be for the account of the BUYER/VENDEE;
 
b) Documentary Stamps Tax, Registration Fee, registration expenses, and all other miscellaneous fees and expenses
shall be to the account of the BUYER/VENDEE;
c) In case the BUYER/VENDEE should cancel this Contract, part of the down payment in an amount
equivalent to ten (10) percent per month of the amount received will be forfeited by the SELLER/VENDOR;
In the same manner, should the SELLER cancel this Contract, the BUYER has the right to demand the return
of the amount received by the SELLER;

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ___ day of ____________, 20__
at ______________________, Philippines.
 

 
ROLINO P. POZAS                        NOVI JAMAICA B. ANGELES
Name                                                        Name

 
WITH MARITAL CONSENT:

MARISSA P. POZAS                       _________________________

Name of Seller's Spouse             Name of Buyer's Spouse

 
SIGNED IN THE PRESENCE OF:
 
__________________________               ____________________________
 
 
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ )  SS.

BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared the following:
 
        Name Proof of Identity Expiration/Place Issued
Rolinio P. Pozas
Marissa P. Pozas       SC ID No. 2018-07639 August 8, 2018 / Imus, Cavite
Novi Jamaica B. Angeles      PRC ID No.: 144666 November 10, 2022/ Manila
 
This instrument, consisting of (2) 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.
 
 
Notary Public
                              
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 20__.