(Deed of Rescission and Annulment of Sale)

DEED OF RESCISSION AND ANNULMENT OF SALE

KNOW ALL MEN BY THESE PRESENTS:
This Deed of Rescission made and entered into by and between:
_____________, of legal age, Filipino, (single / married / widow),
and a resident of _____________, Philippines, (hereinafter referred
to as the "VENDOR");
- and _____________, also of legal age, Filipino, (single / married /
widow), and a resident of _____________, Philippines,
(hereinafter referred to as the "VENDEE");
W I T N E S S E T H:
WHEREAS, parties herein are the same parties in a Deed of Conditional Sale identified
as Doc. No. ______; Page No. ______; Book No. ______; Series of ______ of the Notarial
Register of Notary Public _____________ of _____________, wherein the VENDOR, for and in
consideration of the sum of __________________________ (P_____________), Philippine
Currency, sold to the VENDEE a certain parcel of land, more particularly described as follows:
(Technical Description of Property)
WHEREAS, the VENDEE was unable to pay the consideration of
__________________________ (P_____________) to the Vendor for which reason the parties
hereto mutually agreed to rescind, annul and declare the aforementioned Deed of Conditional
Sale as without any force and effect.
NOW, THEREFORE, for and in consideration of the foregoing premises, the parties
hereto make known, by all these presents, that the aforementioned Deed of Conditional Sale
involving the above-described property is hereby RESCINDED and ANNULLED, and declare
the aforementioned Deed of Conditional Sale as without any force and effect and by these
presents hereby authorize the Register of Deeds of _____________ to rescind and annul said
Deed after payment of the required fees.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
_____________ at _____________, Philippines.

VENDOR

VENDEE

SIGNED IN THE PRESENCE OF:

__________________

__________________

(ACKNOWLEDGMENT)