Republic of the Philippines)

City of Calbayog ) S.C.

CONTRACT OF AGREEMENT
This Contract of Agreement is made and entered into by and between:
SARAH DEMIT MENDOZA, of legal age, married to ARTURO
MENDOZA, Filipino and residing at Manila City at GSIS Metrohomes
Bldg.7, GA-3 Pureza Street, Brgy. 628, Sta. Mesa, District VI, Manila
with provincial address at Nijaga Street, Corner Galit Street, Brgy.
East Awang, Calbayog City, Samar., hereinafter referred to as the
“FIRST PARTY”.
- and-
EARL FRANCIS M. MARCIAL, of legal age, married to MARY
CRISTINNE B. MARCIAL, Filipino and residents of P5, Nijaga
Extension, Brgy. Rawis, Calbayog City, hereinafter referred to as the
“SECOND PARTY”.

TERMS AND CONDITIONS

1. That the parties agree to enter into a Contract of Sale of a real
property (parcel of land) with Transfer Certificate of Title (TCT)
No. 7269;

2. That the FIRST PARTY agrees to sell the said real property for
and in consideration of THREE HUNDRED NINETY THOUSAND
(Php390,000) Philippine currency to be paid under the following
conditions:

a. That the first payment of FIFTY THOUSAND (Php50,000)

Philippine currency shall be made upon signing of this
contract;

b. That the second payment amounting to TWO HUNDRED

EIGHTY-NINE THOUSAND 42/100 (Php289,087.42) shall be
paid by the SECOND PARTY from the net proceeds of the
latter’s loan with the PAG-IBIG FUND, Calbayog Branch, upon
its release and approval particularly of Loan Application No.
370001952713; and

c. That the remaining FIFTY THOUSAND NINE HUNDRED

TWELVE 58/100 (Php50,912. 58) Philippine currency shall be
paid by the SECOND PARTY in installment for 12 months
thereafter.

3. That upon signing of this contract, the FIRST PARTY gives

consent and right to the SECOND PARTY to PROCESS AND
ALLOW TRANSFER OF CERTIFICATE OF TITLE NO. 7269 TO THE
 SECOND PARTY’S NAME as a REQUIREMENT PRIOR TO THE
RELEASE OF THE NET LOAN PROCEEDS in PAG-IBIG Fund
Housing Loan Application No. 370001952713;

4. That the parties agree that the failure to give the net loan
proceeds of Housing loan no. 370001952713 upon its
availability, as well as the rest of the installment payment will
make the SECOND PARTY liable for the total remaining amounts
and shall rescind any agreement or contract made between
them;

5. That the SECOND PARTY hereby agrees to pay all the fees and
taxes for the processing of transfer of title OF TCT NO 7269,
including such capital gains tax;

6. That the SPOUSE of the FIRST PARTY, ARTURO MENDOZA,

hereby acknowledges the receipt of the first payment in the
amount of FIFTY THOUSAND (Php50,000) Philippine currency, on
behalf of the seller;

7. That the SECOND PARTY, EARL FRANCIS M. MARCIAL hereby

acknowledges the receipt of the owner’s duplicate copy of TCT
No. 7269 from ARTURO MENDOZA;

8. That the FIRST PARTY agrees, that in the event that the transfer
of title for TCT 7269 to the SECOND PARTY’s name becomes
unsuccessful, the first payment of FIFTY THOUSAND
(Php50,000) Philippine currency will be returned to the SECOND
PARTY.

IN WITNESS WHEREOF, we hereunto set our hand on the

_________day of ____________, _______ at Calbayog City.

ARTURO MENDOZA
FIRST PARTY

EARL FRANCIS M. MARCIAL

SECOND PARTY

SIGNED IN THE PRESENCE OF:

________________________ _________________________
 ACKNOWLEDGEMENT
Republic of the Philippines)
City of Calbayog ) S.C.

EFORE ME, a Notary Public for and in the City of Calbayog, personally
appeared:

Name           ID Number            Date/Place Issued

EARL FRANCIS M. MARCIAL
ARTURO MENDOZA

Known to me and to me known to be the same persons who executed

the foregoing instrument and acknowledged to me that the same are
their free act and voluntary deed.

This instrument, consisting of (3) pages, 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.

WITNESS  MY HAND AND SEAL on this ___day of

__________________20__ at_______________.

Doc. No. ........; Notary Public

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