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SELLER
(a)
(b)
(c)
(d)
(e)
(f)
and
and
the
the
(h)
4.
BUYER shall have the right to take possession of the
Property upon execution of this Deed.
4.1. The BUYER agrees and bind itself to assume the
payment of the SELLERs outstanding mortgage balance directly
with
the
Bank
in
the
amount
of
_____________________________________________ and perform such
other acts as the Bank may require in order to cause the
cancellation of the Real Estate Mortgage over the Property.
4.2. The amount to be paid by the BUYER to the Bank
shall be credited as part of the purchase price of the Property.
5.
The SELLER shall pay the capital gains tax as regards to
the sale of the Property.
6.
The Buyer shall pay for the transfer tax, registration fees,
documentary stamp tax, and the brokers commission as regards to the
sale of the Property.
7.
Any failure or delay of either party to insist, once or in
several instances, on the strict performance by the other party of any
stipulation or condition of this Deed or to exercise any right or option
herein shall not be construed as abandonment, withdrawal, waiver or
cancellation of such stipulation, condition, right or option.
8.
The written consent of the parties hereto shall be required
for any amendment or waiver of the terms and conditions of this Deed.
9.
This Deed shall be governed by and construed in
accordance with the laws of the Republic of the Philippines.
10. Should one or more of the provisions of this Deed be
declared null and void, inefficacious or ineffectual for any reason
whatsoever, the other provisions shall remain in full force and effect
notwithstanding such defect or flaw, provided the rights of the parties
are not adversely affected thereby.
11. Each of the parties irrevocably consents to the exclusive
jurisdiction of the competent courts of ________________with respect to
any action or proceeding relating to this Deed.
12. This Deed constitutes the entire agreement between the
parties in respect of the matters contained herein.
All prior
agreements, understandings and commitments, formal or informal,
oral or written, shall be superseded and cancelled by the execution of
this Deed.
13. All the terms, covenants, conditions and provisions of this
Deed shall be binding and enforceable upon the parties, their
successors-in-interest and assigns.
IN WITNESS WHEREOF, the parties have hereunto signed this
Deed on the date specified above.
__________________________
__________________________
Seller
Buyer
By:
_________________________
_____________________________
ACKNOWLEDGMENT
Name
CTC No.
Place/Date Issued
NOTARY PUBLIC
Doc. No.
Page No.
Book No.
Series of ___________.